Good MorningEquity markets pulled back on Thursday despite better than expected economic data. Not only did the retail sales data for August come in well above consensus but the Philly Fed’s Manufacturing Business Outlook Survey echoed the Empire State manufacturing report from earlier this week by coming in nearly double the expectations. On the retail front, retail sales rose 0.7% for the month versus an expected decline and are up 15% from last year. On the manufacturing front, an increase in orders, deliveries, and a decline in customer inventories all point to solid activity in the second half of the year.
Next week, investors will turn their focus to the FOMC. There are a few economic reports on tap but the FOMC meeting will be the most important event of the week. The committee is not expected to alter its policy but it could shock the market with a more hawkish than expected stance.
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Politics | | | The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year Read the Full Story |
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Politics | | | The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year Read the Full Story |
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Tech | | | They say that semiconductors are the heartbeat of the tech sector, which is why it's nice to see that semi stocks have been holding up well during the recent market pullback. The ongoing chip shortage should benefit the majority of these companies for the foreseeable future, while demand is expected... Read the Full Story |
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Stocks | | | There’s no such thing as a “one-size-fits-all” strategy that works for all investors, which is why it's important to explore a few different options to pick and choose what works best for your individual personality. One stock picking strategy that stands out for investors who are ... Read the Full Story |
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These Are 2 Underappreciated eCommerce Stocks
The August retail sales figures were remarkably strong versus the expectations and prove the resiliency of the US economy. Within that, eCommerce sales didn't grow quite as strong as they could have but that's only versus the analyst expectation... Read the Full Story |
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Markets | | | Another day of choppy trading on Wall Street left stocks mostly lower, cutting into the major indexes' gains for the week.
The S&P 500 and the Dow Jones Industrial Average each lost about 0.2%, while the tech-heavy Nasdaq managed to eke out a gain of 0.1%. More stocks fell than r... Read the Full Story |
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Tech | | | Stocks fell broadly in afternoon trading on Wall Street Thursday and pared weekly gains for the major indexes.
The market had edged higher in the early going after a surprisingly good retail sales report for August, but then quickly turned lower.
The S&P 500 fell 0... Read the Full Story |
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The Analysts Are Getting Bullish On Natural Gas Stocks
With natural gas prices hitting another seven-year high, the analysts have begun to turn their attention to natural gas stocks. Based on the fundamentals, it looks like natural gas prices will remain high if not continue to rally in the... Read the Full Story |
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Politics | | | Congressional Democrats are calling top executives at ExxonMobil and other oil giants to testify about what lawmakers say is a long-running, industry-wide campaign to spread disinformation about the role of fossil fuels in causing global warming Read the Full Story |
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It's really easy to pepper your thoughts with detrimental excuses about not saving for retirement. Have you heard yourself say the following — even if you just say them in your head?
"I don't have time to figure out how to save for retirement." You tell yourself you'll do it later. ... Read the Full Story |
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The Early Bird Stock Of The Day Vedanta Ltd. is a natural resource company, which engages in the exploration, extraction, and processing of minerals, oil, and gas properties. It operates through the following segments: Copper, Aluminum, Iron Ore, Power, and Oil & Gas. The Copper segment focuses in custom smelting and also include a copper smelter, a refinery, a phosphoric acid plant, a sulphuric acid plant, a copper rod plant, and three captive power plants. The Aluminum segment comprises refinery and a captive power plant at Lanjigarh and a smelter, a thermal coal based captive power facility at Jharsuguda both situated in the State of Odisha in India. The Iron Ore segment explores, mines, and processes iron ore, pig iron, and metallurgical coke. The Power segment consists 600 MW thermal coal-based commercial power facility at Jharsuguda in the State of Odisha in Eastern India. The Oil and Gas segment involves in the exploration and development and production of oil and gas. The company was founded by Dwarka Prasad Agarwal on June 25, 1965 and is headquartered in Mumbai, India. | | View Today's Stock Pick |
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