Good MorningThe markets recovered from another swoon last week to bounce from the short-term moving average and set new all-time highs. The swoon was caused by fear of rising inflation, fears that were confirmed by the PCE price index, but the market didn't care. The outlook for earnings continues to be bright and that alone is enough to keep the market moving higher.
This week the focus will be on the non-farm payrolls report slated to be released on Friday. Last month, the US economy added 1 million new jobs including revisions, and that pace is expected for August. The weekly claims data continue to trend lower suggesting lower rates of unemployment as well. Better-than-expected data, or even just data in line with the consensus, could be enough for the market to set another fresh all-time high.
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Politics | | | Wall Street rallied to records Friday after the head of the Federal Reserve said it’s still far from pulling interest rates off the record low that has helped the market soar, even if it does begin dialing back its support for the economy later this year Read the Full Story |
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Peloton (NASDAQ: PTON) stock is dropping the day after it reported lackluster earnings. The company also finds itself in legal trouble as the Department of Justice is subpoenaing the company regarding multiple accidents involving Peloton’s Tread+ treadmill.
A... Read the Full Story |
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Markets | | | Whenever a company boosts its dividend payout, the investment world takes notice. That’s because a dividend increase can signal to investors that the company is increasing its cash flows and is in sound financial shape. On the other hand, it might mean that a company is shifting its strategy a... Read the Full Story |
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Tech | | | Amazon is teaming with payments company Affirm to offer online shoppers a buy-now-pay-later option that does not involve credit cards.
San Francisco-based Affirm Holdings Inc. announced Friday that its flexible payment service will soon be available on Amazon.com.
The n... Read the Full Story |
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Markets | | | Clothing and apparel retailer The Gap (NYSE: GPS) stock has been selling off despite a blowout Q2 2021 earnings report and raised guidance for full-year 2022. Consumer apparel retailers were an epicenter casualty during the pandemic which led to digital transformation enabling them to adjust and rea... Read the Full Story |
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Politics | | | The U.S. government’s top infectious disease expert says the U.S. is sticking with its recommendation for Americans to get COVID-19 booster shots eight months after receiving the vaccine but will be open to changes based on evolving data Read the Full Story |
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Markets | | | Companies evacuated oil and gas platforms south of Louisiana ahead of Hurricane Ida but a far greater worry was potential damage to refineries and petrochemical plants in its projected path from flooding and storm surge Read the Full Story |
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Markets | | | Companies evacuated oil and gas platforms south of Louisiana ahead of Hurricane Ida but a far greater worry was potential damage to refineries and petrochemical plants in its projected path from flooding and storm surge Read the Full Story |
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Markets | | | Pet products and services retailer Petco Health and Wellness Company (NASDAQ: WOOF) stock is starting to bottom out amid stellar Q2 2021 earnings results. The Company is gaining traction especially as the pandemic created more pet owners. As a result, the demand for a one-stop shop for all things pe... Read the Full Story |
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What's an active wealth plan?
An active wealth plan means that you take a proactive approach to five different areas in your financial life: investing, borrowing, spending, managing taxes, and protecting wealth.
Think of it like this. You have a plan for getting out of your house in the ev... Read the Full Story |
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The Early Bird Stock Of The Day Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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