Good MorningUp and up it goes, where it stops nobody knows. The S&P 500 advanced for another day to set another new all-time high despite the rising risk of inflation. Market participants were shocked on Thursday morning to find out producer prices advanced one full percent over the month and are up 7.8% over last year. This is the highest level of inflation since the data was first recorded back in 2010 and gives little reason to believe consumer inflation will tame in the second half of the year.
Friday could be a challenge for the market. With the index trading at all-time highs and upward momentum quickly subsiding the market is ripe for a correction. A move down by the S&P 500 to retest support at the short-term moving average would not be out of the ordinary. A move below the short-term moving average, however, could spark the next round of serious selling for the market.
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Finance | | It’s a bit surprising that capital markets stocks don’t attract more attention from investors and traders, especially given that these companies offer exchange marketplaces where financial securities can be bought and sold. Along with providing a way for traders to buy and sell things li... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Finance | | Brookfield Asset Management (NYSE: BAM) rallied to a new high Wednesday before retreating in Thursday’s session following the company’s second-quarter earnings report.
The stock closed at $56.55 Thursday, down $0.83, or 1.45%. It skidded 4.22% in the first hour of trade, before rallyi... Read the Full Story |
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Technology | | Digital engagement company Bridgeline Digital (NASDAQ: BLIN) experienced a flood of buying followed by a cascade of selling as a meme stock momentum mover. The Company normally trades under 100,000 shares a day when it was trading in the $2s but experienced a powerful surge in both volume and price ... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | |
What happens when your employer doesn't offer you a 401(k)? You lose out on money, naturally. Intuitively, you know that. But have you ever stopped to calculate just how much you're losing out on if you don't have an employer plan?
Employer-sponsored 401(k) plans have turned into one of the most ... Read the Full Story |
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Communication Services | |
Shares of The Trade Desk (NASDAQ: TTD) have been on a roller coaster after a stellar earnings report. However, TTD stock continues to establish higher levels of support. And the stock is within range of its 52-week high set at the end of December.
If analyst sentiment is any indication, that sh... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Markets | | Electrical wiring manufacturer Emcore Wire Corporation (NASDAQ: WIRE) stock surged on its absolute blowout Q2 2021 earnings causing shares to violently reverse the downtrend and surge back up to all-time highs. The massive earnings blowout was largely due to rise in copper prices in addition to the ... Read the Full Story |
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Consumer Discretionary | |
Move To The Sidelines When It Comes To eBay
eBay (NASDAQ: EBAY) reported a decent second quarter but shares fell anyway. Shares of eBay fell because the company missed its consensus estimates and confirmed one of the market's growing fears. eBay not only missed its consensus target but it also gu... Read the Full Story |
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Technology | |
After years of underperformance, the value style of investing is back in favor. With the economic recovery progressing nicely, the industrials, financials, materials, and energy sectors have been popular places to find undervalued stocks.
Progress with the Biden administration’s infrastruct... Read the Full Story |
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Markets | |
Forget whether you and your spouse are on the same wavelength regarding retirement savings. What about your trading activities? As you and your spouse know all too well, trader earnings have their ups and downs.
If your spouse is a woman, know that women choose a more risk-averse path when inves... Read the Full Story |
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Consumer Discretionary | |
Airbnb (NASDAQ: ABNB) reported earnings after the market closed on August 12. The company posted negative earnings per share of 11 cents. This blew away the negative 36 cents per share forecast by some analysts. The company also beat on revenue. In fact, Airbnb posted its first billion-dollar quar... Read the Full Story |
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The Early Bird Stock Of The Day Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements. The Personal Care segment offers skin cleansing products comprising soap and shower; deodorants; and oral care products, such as toothpaste, toothbrush, and mouthwash products. The Home Care segment is involved in the sale of fabric care products, including washing powders and liquids, and rinse conditioners; and fabric enhancers, and home and hygiene products. The Nutrition segment provides dressings products, such as mayonnaise and ketchup; sells scratch cooking aids consist of soups, bouillons, and seasonings; plant-based meat; beverages; and functional nutrition products, including Horlicks and Boost, as well as tea products. The Ice Cream segment offers ice cream products including in-home and out-of-home ice creams. The company provides its products under the AXE, Ben & Jerry's, Cif, Clear, Closeup, Comfort, Cornetto, Dermalogica, Domestos, Dove, Dove Men+Care, Hellmann's, Horlicks, Knorr, LUX, Lifebuoy, Liquid I.V., Magnum, Nutrafol, OMO, Paula's Choice, Pepsodent, Pond's, Rexona, Rexona, Sunlight, Sunsilk, Surf, TRESemmé, Vaseline, Wall's, Breyers, and Yasso brand names. Unilever PLC was founded in 1860 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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