Good MorningEquity markets pulled back a bit on Tuesday despite a cooler than expected read on consumer inflation. The CPI index gained only 0.3% in August versus an expected gain of 0.4% dropping 0.2% from the previous month. The data brings the YOY gain down to 5.3% and the lowest level in two months. Investors remained cautious because, despite the cooldown in inflation, the pace of inflation remains high and posed a threat to the economy.
Later in the week, traders will be eyeing the Empire State manufacturing survey, as well as the Philly Fed’s Manufacturing Business Outlook Survey, and the August read on Retail Sales. All three indices are expected to show a contraction of activity over the past month that could weigh on S&P 500 prices. The index remains near its all-time but is in danger of correction. A move lower would break support at the short-term moving average and may lead to a much deeper correction.
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Medical | | Whenever the stock market falters and goes through a period of weakness like we have seen thus far in September, there are two things that investors should do. First, they should reflect on the companies that they own and decide whether or not to reduce their exposure to underperformers that might r... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Finance | | Artificial intelligence is certainly one of the most fascinating technologies in the world today, as this cutting-edge innovation has so many different applications. Whether it's using machine learning to make companies more efficient, taking advantage of AI to improve consumer finance, or building ... Read the Full Story |
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Consumer Discretionary | |
On any given weekday there can be dozens of fresh opinions offered by Wall Street firms. For retail investors, it can be difficult to ascertain which actions to pursue in a sea of upgrades, downgrades, and target prices changes.
Sometimes there is power in numbers. This means that when multiple s... Read the Full Story |
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From Our Partners | | 17,556% on KDA. Here's what I'm buying now.
It's a coin under $1.00 that most investors have never heard of. But the world's largest bank is already building on it. It has a deflationary burn mechanism tied directly to institutional usage. | | Click to see my #1 pick. |
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Markets | |
When you read a lot about investing (Zzzz... Hang on, it gets better!) a few patterns start to emerge before your very eyes.
Those who reach millionaire status do so because they:
Understand delayed gratification.
Live a frugal lifestyle (that often seems to involve sitting around in holey ... Read the Full Story |
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Consumer Staples | |
Mission Produce Slumps On Weak Outlook
We weren't expecting great news from Mission Produce (NASDAQ: AVO) and we weren't disappointed. The company experienced headwinds related to harvest issues and timing in California and Mexico that were foreshadowed by avocado competitor Calavo Growers. The n... Read the Full Story |
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From Our Partners | | SpaceX - ticker SPCX - just completed the biggest IPO in American history, raising $75 billion at a $1.8 trillion valuation. Goldman Sachs projects $474 billion in revenue by 2030, while Morgan Stanley goes further - $3.4 trillion by 2040. But NYU's Aswath Damodaran, Wall Street's 'Dean of Valuation,' called those projections 'a hallucination.'
While every camera pointed at the rockets, Musk quietly placed a major bet on what he calls 'the world's biggest product' - something he believes could generate $30 trillion in revenue. Sixty of America's largest companies are making the same move, and the signal appeared in a quiet Friday SEC filing almost nobody noticed. | | Watch the full free presentation before you spend a dime on SPCX |
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Retail/Wholesale | |
When a stock breaks out of a tight trading range in heavy volume it can be a sign of further upside to come. This is not only because a technical trend line has been broken but because a flood of buyers that have entered the stock are likely to provide support potentially adding on any weakness.
... Read the Full Story |
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Markets | |
Bellwether Or Not, Oracle Shares Move Lower
We like to keep tabs on Oracle (NYSE: ORCL) for many reasons including the fact it reports earnings almost precisely between the peaks of earnings cycles. In our view, this makes Oracle one of the last to report calendar second-quarter earnings and one ... Read the Full Story |
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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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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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The Early Bird Stock Of The Day TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk. This segment serves various industry vertical markets, including financial services, technology, commerce and communications, insurance, media, services and collections, tenant and employment, and public sectors. The International segment offers credit reports, analytics, technology solutions, and other value-added risk management services; consumer services, which help consumers to manage their personal finances; consumer credit reporting, insurance and auto information solutions, and commercial credit information services. It serves customers in financial services, retail credit, insurance, automotive, collections, public sector, and communications industries through direct and indirect channels. The company was formerly known as TransUnion Holding Company, Inc. and changed its name to TransUnion in March 2015. TransUnion was founded in 1968 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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