Good MorningThe correction in equities appears to be over, at least for now. Equity markets fell in the pre-market action on the fallout from Wednesday's FOMC Revelations but Traders and investors were quick to scoop up the bargains. Thursday's action was bolstered by two pieces of better-than-expected economic data as well as a round of much better than expected earnings news from the retail sector.
On the economic front, the weekly jobless claims figure and the Index of Leading Indicators were both better than expected. With employment on the mend and economic activity on the rise, S&P 500 earnings could be far better than expected in the second half of the year. Next week is light on the earnings news but comes with a very key economic report, the monthly Personal Income and Spending data to include the Fed's favored measure of consumer inflation the PCE Price Index.
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Markets | | | World stock markets fell Friday as worries surrounding the spread of the delta variant again took center stage.
Germany’s DAX fell 0.3% to 15,720.16 and the CAC 40 in France gave up 0.2% to 6,594.34. The FTSE 100 in Britain was down 0.3% at 7,040.85 in early trading.
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Tech | | | Michael Williams’ wife pleaded with him to remember their fishing trips with the grandchildren, how he used to braid her hair, anything to jar him back to his world outside the concrete walls of Cook County Jail.
His three daily calls to her had become a lifeline, but when they dwindl... Read the Full Story |
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Markets | | | Precision ball bearings manufacturer RBC Bearings (NASDAQ: ROLL) stock has been on a tear in 2021 as the reopening gets underway. Bearing are used in all kinds of products ranging from aircraft, engines, renewable energy, turbines, aerospace and satellite systems and industrial products. Clients inc... Read the Full Story |
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Politics | | | Workers at a General Motors plant in Mexico have voted to end a collective bargaining contract negotiated by an old guard union accused of intimidation tactics in earlier votes. It was an early display of the effectiveness of labor mechanisms negotiated under the U.S.-Mexico-Canada Trade Agreement.
... Read the Full Story |
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Stocks | | | Does your portfolio resemble a garage crammed to the max or a junk drawer that's beyond impressive (you never know when you'll need those receipts from 1995!)? If so, read on about how to get more structurally savvy. Read the Full Story |
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Markets | | | There’s clearly a lot for investors to love about Lowe’s stock, and we’ve put together a brief overview of some of the reasons why it’s a buy below. Let’s take a deeper look at what makes this home improvement leader truly stand out.
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Tech | | | Federal regulators have sharpened their antitrust attack against Facebook, alleging in a revised complaint Thursday that the social network giant pursued a laser-focused strategy to “buy or bury" rivals to suppress competition.
It is the Federal Trade Commission's second antitrust run... Read the Full Story |
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Markets | | | A return, at least temporarily, to near normalcy is giving a boost two of America's largest department stores hit hard by the pandemic last year.
Macy's and Kohl's raised their projections for 2021 Thursday after easily beating expectations in the just-ended second quarter. Americans ... Read the Full Story |
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Stocks | | |
The Retail Sector Gives The Market What It Wants
The retail sector came into sharp focus this week with reports from the bulk of the group. The general trend is that results are better than expected and the companies are guiding the 3rd quarter and the second half of the year higher. Headliners l... Read the Full Story |
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Markets | | | BBWI stock is now soaring back towards its 52-week high after the company delivered a stellar earnings report. This removed uncertainty about the company's recent separation from Victoria's Secret. However, potential headwinds in the retail sector may provide a test in future quarters. Read the Full Story |
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The Early Bird Stock Of The Day A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides commercial water treatment and filtration product; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and electric wall-hung, gas tankless, combi-boiler, and heat pump and solar water heaters. The company offers its products under the A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter, and Water Tec brands. It distributes its products through independent wholesale plumbing distributors, as well as to retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce channels. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin. | | View Today's Stock Pick |
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