Good MorningEquities pulled back on Thursday on an abundance of caution ahead of two key economic events. Today’s news will bring the latest word on consumer-level inflation in the form of the PCE price index while later in the day remarks from Fed Chief Jerome Powell could influence market sentiment. Mr. Powell is set to deliver the keynote address at the annual Jackson Hole Economic Policy Symposium and could key the market into the Fed’s next move.
Friday action will be influenced by next week’s round of economic data as well. The monthly round of employment data to include the NFP report is due out and could lead the market to further caution. If the market continues to fall it could fall below the key 30-day moving average before finding firm support. In that scenario, a much deeper pullback is all too possible.
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Markets | | | Technology and communication companies led a broad sell-off on Wall Street Thursday following deadly suicide attacks at the Kabul airport in Afghanistan.
The S&P 500 fell 0.6% a day after capping a five-day winning streak with an all-time high. The Dow Jones Industrial Average fe... Read the Full Story |
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Markets | | | Stocks were broadly lower in afternoon trading Thursday following suicide attacks at the Kabul airport in Afghanistan that killed at least 12 U.S. service members and wounded several others.
The S&P 500 index was down 0.5% as of 3:31 p.m. Eastern. The benchmark index was coming of... Read the Full Story |
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Markets | | | Asian stock markets were mixed Friday as investors awaited more guidance on the U.S. Federal Reserve's easing plans.
The moves in Asia follow a pullback on Wall Street after the deadly attacks on Afghan civilians and U.S. troops at the Kabul airport on Thursday.
Tokyo'... Read the Full Story |
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Stocks | | | considering small-cap stocks have typically done better than large caps during periods of economic recovery, there may be some opportunity here. Small-cap investors inherently take more risk and should ultimately be rewarded for it, right? Read the Full Story |
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Markets | | | Unlike many of their peers in the tech and data industry, shares of Splunk (NASDAQ: SPLK) failed to hold onto most of the gains they earned in 2020. To be sure, they rallied out of the pandemic-fueled crash with the best of them starting in March of last year, posting a 140% jump through August 2020... Read the Full Story |
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Markets | | | We’ve put together a list of 3 retail stock superstars to buy now so that you can go shopping for the best names in the business ahead of what is usually the strongest period of the year for these companies, the holiday season. Read the Full Story |
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Markets | | | Peloton's shares skidded in aftermarket trading Thursday after the exercise bike and treadmill company posted a loss for its most-recent quarter, showed slower revenue growth, and cut the price of its most-popular product.
Peloton Interactive Inc. reported a net loss of $313.2 millio... Read the Full Story |
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Markets | | | A breed of gig apps tailored for short-term work slots — from Stint to Instawork to Gigpro — is gaining popularity in the United Kingdom as well as in the United States as one response to the peculiar ways in which economies have been rebounding from the pandemic recession Read the Full Story |
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Markets | | | Even investors and traders who focus on single stocks can benefit from a portfolio of exchange-traded funds to create a full allocation. Owning a wide range of low-cost investments is a way to smooth your returns, and help mitigate portfolio losses. Read the Full Story |
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Markets | | | After two and a half years as a public company, Lyft (NASDAQ: LYFT) has still yet to deliver any profits for early shareholders. Its stock is trading more than 40% below its IPO level—and this is good news for long-term growth investors. Read the Full Story |
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The Early Bird Stock Of The Day Beacon Roofing Supply, Inc., together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment. It also provides membranes and coatings, deck and floor coatings, plaza deck waterproofing products, damp proofing coatings, sealants, waterproofing systems, repair and protection products, firestops, and air and vapor barriers; and tools and equipment, including power and hand tools, ladders and scaffolding, air tools and compressors, nails, screws and fasteners, generators, work wear and safety gear, job site supplies, tool bags and belts, welding and soldering, cleaning supplies, drill bits, and saw blades. The company was founded in 1928 and is headquartered in Herndon, Virginia. | | View Today's Stock Pick |
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