Good MorningLast week, the market corrected and rebounded within the span of a few days and the volatility is not likely to be over. A new narrative has emerged in the earnings outlook and that is the impact of inflation and supply chain issues. Inflation and supply chain issues are cutting into the top and bottom-line results of the early reporting S&P 500 companies and that is not good news for the market.
If the consensus estimates for the S&P 500 begin to trend noticeably lower, the S&P 500 will likely move with it. This week's earnings calendar is very light so the focus will be on the economic data with the most important release coming on Friday. The PCE price index is the Fed's favorite tool for reading consumer inflation and so will have a deep impact on market sentiment.
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Markets | | | Tire and automobile service provider Goodyear Tire and Rubber Company (NYSE: GT) shares have been recovering along with the global automotive recovery after being hit hard during the pandemic as an epicenter industry. Read the Full Story |
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From Our PartnersThrough Berkshire Hathaway…Warren Buffett recently dumped $800 million of Apple stock…
And bought this instead!
He’s now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to… | | | | See full story here… |
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Politics | | | Global shoppers face possible shortages of smartphones and other goods ahead of Christmas after power cuts to meet government targets forced Chinese factories to shut down and left some households in the dark Read the Full Story |
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Politics | | | SYDNEY — Australia’s prime minister says he expects his country to open its international border well before the end of the year.
Australian governments have agreed to ease tight restrictions on overseas travel when 80% of the population aged 16 and older was fully vaccinated.
... Read the Full Story |
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From Our PartnersDalio warns investors with $250K in cash to “diversify now.” His solution? Alternatives, like art. Why? Contemporary Art has outperformed safe assets like gold and real estate by nearly 2x (95-20). 61% of the ultra-wealthy allocate heavily to art. Now you can too. We partnered with Masterworks.io, a platform that lets you invest in the type of art collected by Steve Cohen, Jeff Bezos and Bill Gates. | | Get priority access |
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Politics | | | SEATTLE — A Washington state trooper who helped develop the agency’s use of drones has died after a battle with COVID-19 contracted on duty.
The Washington State Patrol said Detective Eric Gunderson died Sunday surrounded by his family and friends. He was 38. Gunderson frequently trav... Read the Full Story |
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Politics | | | LOS ANGELES — Public health officials have identified more than 200 coronavirus outbreaks at police or fire agencies throughout Los Angeles County since the start of the pandemic, according to data obtained by the Los Angeles Times.
The 211 outbreaks, accounting for more than 2,500 ca... Read the Full Story |
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Politics | | | German voters were choosing a new parliament Sunday in an election that will determine who succeeds Chancellor Angela Merkel after her 16 years at the helm of Europe's biggest economy.
Polls point to a very close race Sunday between Merkel's center-right Union bloc, with state governo... Read the Full Story |
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Markets | | | Shares of cannabis REIT Innovative Industrial Properties (NYSE: IIPR) rebounded off their 50-day line earlier this month as the stock consolidates below its September 7 high of $253.61. This pullback and subsequent uptrend look healthy, and the stock may be poised for gains in the near term. Read the Full Story |
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Markets | | | Unless you’re shopping at the outlet mall, it can be hard to find authentic Nike (NYSE: NKE) products at bargain prices. The same goes for Nike’s stock which hasn’t often gone on sale over the course of its 37-year trading history.
Late last week after Nike reported mixed first-qu... Read the Full Story |
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Markets | | | Digital sports gaming platform DraftKings Inc. (NASDAQ: DKNG) stock recently peaked on a spike up to $64.49 before selling off on news of its $20 billion acquisition offer for U.K.-based iGaming company Entain. Read the Full Story |
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Markets | | |
Getting out of debt is like trying to climb out of a deep, muddy pit. As soon as you seem to grab a toehold, you slide down again.
American household debt among 340 million Americans hit a record $14.6 trillion in the spring of 2021.
Let's go over a few roadblocks people often face t... Read the Full Story |
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The Early Bird Stock Of The Day Tata Motors Ltd. is an automobile manufacturer with a portfolio that includes a range of cars, utility vehicles, trucks, buses, and defense vehicles. It operates through the Automotive and Others segments. The Automotive segment includes all activities relating to the development, design, manufacture, assembly and sale of vehicles including vehicle financing, as well as sale of related parts and accessories. It also consists of sub-segments, such as, Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. The Others segment includes information technology and insurance broking services. The company was founded on September 1, 1945 and is headquartered in Mumbai, India. | | View Today's Stock Pick |
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