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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Consumer Discretionary | | The retail industry is definitely one of the most competitive sectors in the market, which means it's imperative to only invest in either the key players or companies that offer something truly unique to shoppers. There’s also the fact that the global pandemic caused a massive shift in the way... Read the Full Story |
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Markets | |
U.S. small-cap stocks went toe to toe with large caps last year. Both the Russell 1000 and the Russell 2000 indices returned approximately 18% for investors that rode the ups and downs of the unusual year.
This year the story has been different. Small caps have lagged their bigger brethren with t... 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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Industrials | |
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.
With economic activity starting to pick up, the San F... 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.
Why is it important to allocate your portfolio? That’s because you may be overweighted in a particular asset class or sector, which can cause steep downd... Read the Full Story |
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Markets | |
When you're on a company's payroll, it's usually easy to figure out how much you'll make for the year and whether it comes below the Roth IRA income limit threshold.
Like it or not, the Internal Revenue Service (IRS) limits contributions to a Roth IRA to prevent highly paid workers from benefiti... Read the Full Story |
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Markets | | Industrial sand and metal 3D printer company ExOne (NASDAQ: XOME) stock has reversed its tumultuous downtrend after peaking at a high of $66.48 on Feb. 9, 2021 to collapse to a low of $15.31 on July 27, 2021. The Company released improved earnings and then agreed to be acquired by Desktop Metal (NYS... Read the Full Story |
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Technology | |
Another Blowout Quarter For Salesforce
Salesforce.com (NYSE: CRM) could not be better positioned for the current environment. The company is the leader, the Creator no less, of what we call customer relationship management today. In simple terms, Salesforce.com provides businesses with the tools ... Read the Full Story |
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Healthcare | |
Medtronic (NYSE: MDT) delivered a double beat on its quarterly earnings call, but after the stock charged ahead on the day of the report, it’s been trading in a range on a significantly lighter volume. With MDT stock approaching its 52-week high, this is usually a time when a stock makes a m... Read the Full Story |
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Healthcare | |
Shares of Dollar General (NYSE: DG) are down 7% in early trading after the company delivered its second-quarter earnings report. However, based on recent analyst sentiment as well as the general state of the economy, I perceive this to be an overreaction that investors can use as a buy-the-dip opp... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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