Good MorningEquity markets were mixed on Monday as traders brace for what is largely expected to be a very hot read on Consumer Prices. The Dow Jones Industrial Average posted a small gain while the S&P 500 closed near break-even and the NASDAQ Composite moved lower. The data in question is the August read on consumer prices in the form of the Consumer Price Index.
Consumer prices are expected to moderate from July’s 0.5% monthly gain to a still-warm 0.4% but there is upside risk in the consensus estimates. More importantly, the YOY gains are expected to remain hot and could accelerate sharply from the previous month.
Later in the week, the market will be focused on the retail sales figure and what it might mean for Q3 earnings. August retail sales are expected to fall -0.7% from last year but this is versus last year’s very robust figure.
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Markets | |
If you're thinking about getting a loan for something like a house, a car or another type of loan, you might wonder what your lender sees when they take a look at your creditworthiness.
You want to have every advantage at your disposal, particularly in the face of what's going on in the housing m... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
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Retail/Wholesale | | Shares of Papa John's Pizza International (NASDAQ: PZZA) are consolidating below an all-time high and finding support near their 10-day moving average as investors add slices of the company to their portfolios.
The stock ended Monday's session at $128.66, down $0.74, or 0.57%. The trading volume wa... Read the Full Story |
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Consumer Discretionary | | Clothing and apparel designer Guess (NYSE: GES) stock has been chopping in a four to five-point range recently and investors may want to take a closer look at the operations. As a retail apparel maker, it was hit hard during the pandemic as an epicenter stock. COVID vaccinations have accelerated reo... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Consumer Discretionary | |
American Outdoor Brands Reaffirms Guidance
American Outdoor Brands (NASDAQ: AOUT) stock is moving lower following the release of its Q1 earnings report a week ago. The report is good, as is the guidance, but one thing was missing and that is weighing on the price action. While good, the guidance ... Read the Full Story |
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Finance | |
Of the 12 federal holidays, only nine prompt the closure of the New York Stock Exchange (NYSE). With Labor Day one of them, that leaves only Thanksgiving and Christmas left for this year.
When one of the NYSE observed holidays rolls around, market activity tends to be rather muted. Institutional ... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Basic Materials | | It’s safe to say there are a lot of different moving parts impacting financial markets at this time. For example, investors are trying to process the impacts of inflation, the Federal Reserve’s position on tapering, and whether or not the economic recovery is progressing. Then you have s... Read the Full Story |
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Markets | | Premium retail department store chain Nordstrom (NYSE: JWN) stock was pummeled on its Q2 2021 earnings release presenting a possible opportunity for value investors. Supply chain worries and work-at-home stickiness fears were some of the drivers behind the harsh sell-off in shares of the iconic depa... Read the Full Story |
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Technology | |
Zscaler Is The Right Solution For A Growing Problem
Zscaler (NASDAQ: ZS) was among the most perfectly positioned companies for the pandemic. The company’s zero-trust approach for today’s cloud-based and IoT-connected networks has proven to be highly successful and is sustaining a high... Read the Full Story |
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Energy | | Solar energy systems and solutions provider SunPower (NYSE: SPWR) stock has been beaten up losing more than half its value since the start of 2021. The provider of solar energy solutions to residential, commercial, and enterprise segments is growing its business well, just not as well as analyst exp... Read the Full Story |
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Markets | | Data storage solutions company Seagate Technology (NYSE: STX) stock has had a stellar 2021 peaking out at $106.22 in May but shares have fallen back to reality in the mid $80s. The makers of legacy hard drives (HDDs) and flash drives is seeing robust demand for storage thanks to the unrelenting need... Read the Full Story |
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The Early Bird Stock Of The Day Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products. It also offers investing, banking, and wealth management advisory; digital investing services; financial solutions for individuals, families, and businesses; provides investment management services to institutional, retail, and high net worth investors; and diversified insurance, and wealth and pension de-risking solutions. In addition, the company provides individual life, critical illness and annuity products, as well as segregated funds, and group creditor and travel insurance to customers; debt and equity capital-raising, loan origination and syndication, balance sheet management, treasury management, mergers and acquisitions advice, restructurings and recapitalizations, trade finance, and risk mitigation services, as well as a range of banking and other operating services. Further, the company offers research and access to financial markets for institutional, corporate and retail clients through an integrated suite of sales and trading solutions related to debt, foreign exchange, interest rates, credit, equities, securitization, and commodities; provides new product development and origination services, as well as risk management and advisory services for hedging strategies, including in interest rates, foreign exchange rates and commodities prices; and funding and liquidity management services. The company was founded in 1817 and is headquartered in Montreal, Canada. | | View Today's Stock Pick |
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