Good MorningEquity markets started the week on a sour note with most major indices posting losses for the day. The NASDAQ Composite is the most noteworthy standout posting a small gain for the day and a new all-time high for investors. The move is driven more by a lack of impetus than anything else, with the fall trading season only now getting started the market is in need of a catalyst to get it moving.
That catalyst may come later in the week. The Fed’s Beige Book is due out on Wednesday and the PPI data on Friday, either of which could get the market moving. In both cases, investors will be looking for signs of worsening inflation and clues to what the FOMC will do next. Hotter than expected inflation will accelerate the Fed’s plans for tapering and it could begin this month.
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Industrials | | Innovation is alive and well, if you use the U.S. IPO market as your gauge.
This year is proving to be the most active since 2000 for companies going public. With about 100 new IPOs expected before year’s end, the grand total for the year could top 375.
And yes, the comparison to 2000, whe... Read the Full Story |
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From Our Partners | | In just 122 days, Elon Musk bypassed the American power grid entirely, building the largest private power network in U.S. industrial history.
Hall of Fame Trader Jon Najarian says one $6 billion American company is critical to every move Elon makes next. | | See the full story behind Elon's energy play now. |
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Technology | | Sometimes a large-cap stock from a growth sector remains relatively unknown to retail investors.
That’s the case with EPAM Systems (NYSE: EPAM), a Pennsylvania-based company that provides outsourced infotech and lifecycle software development. In other words, the company manages the processe... Read the Full Story |
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Markets | | Direct-to-consumer (DTC) insurance platform SelectQuote (NYSE: SLQT) stock has collapsed from a high of $33.13 to a low of $7.72 In six months to provide a potential bargain opportunity. The insurance platform sells a number of insurance policies from various insurers acting as a middleman, not an i... Read the Full Story |
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From Our Partners | | China's US Treasury holdings have fallen from a peak of $1.32 trillion to roughly $659 billion, an 18-year low. Beijing's central bank has bought gold for 20 straight months, its longest streak in a decade.
Goldman Sachs estimates China's real gold buying is 4.8 times the official figure. The European Central Bank confirms gold has overtaken US Treasuries as the world's top reserve asset, at 27% versus 22%.
As foreign demand for US debt fades, rates and everyday costs may feel the pressure. | | See what's driving the global shift toward gold now |
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Technology | |
Slowing Growth Is A Killer For DocuSign
DocuSign (NASDAQ: DOCU) is a great company with years of high-level growth ahead of it but there is a major problem nagging the market. The company’s growth was boosted by the pandemic and it looks like the peak is passed. The Q2 results and guidance... Read the Full Story |
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Markets | | Chinese electric vehicle (EV) maker Li Auto Inc. (NASDAQ: LI) stock has rallied off its lows to the upper end of its trading channel. The maker of hybrid EVs is the fastest grower among the big three Chinese EV makers. EV stocks have had a boom, bust and recovery cycle all inside of one-year as the ... Read the Full Story |
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From Our Partners | | Would you rather spend $5,000 buying 100 shares of a $50 stock, or control those same 100 shares for a fraction of the cost? That's the core advantage options offer traders at every level.
The Beginner's Guide to Options breaks down leverage, income strategies, and real trade examples in plain English — including a little-known approach many traders use to reduce costs and improve profit potential.
Download your free copy before this offer expires. | | Claim your free copy of The Beginner's Guide to Options now |
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Technology | |
With the fall season approaching, summer picnics and days at the beach will soon be replaced with fall hayrides and Halloween festivities.
If you’re a stock investor, you’re likely planning out trades that will push your portfolio to new heights during the final months of the year. An... Read the Full Story |
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Technology | | It seems like technology plays a bigger role in the business world with every passing day. Just look at all of the changes that have occurred over the last decade for proof, which include the adoption of smart devices for mobile business environments, powerful cloud computing changing the way compan... Read the Full Story |
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Markets | |
With second quarter earnings season mostly in the rear-view mirror, investors will have to look in other directions to assess the attractiveness of public companies.
Key economic data points as well as commentary from the Federal Reserve about bond purchase tapering will be important developments... Read the Full Story |
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Technology | |
Broadcom Is Breaking Out To New Highs
Broadcom (NASDAQ: AVGO) is one of the highest quality semiconductor stocks on the market and it certainly shows in the price action. The stock has been in a near-continuous uptrend for over a decade and looks ready to extend the rally to new highs now. The co... Read the Full Story |
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Finance | | Subprime auto financing specialist Credit Acceptance Corp. (NASDAQ: CACC) raced 15.74% last week.
The upside action came on news that the company reached a $27.2 million settlement with Massachusetts to resolve claims that it misled its investors and made high-interest loans to borrowers who lacked... Read the Full Story |
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The Early Bird Stock Of The Day Itaú Unibanco Holding S.A. offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services. The company also provides property and casualty insurance products covering loss, damage, or liabilities for assets or persons, as well as life insurance products covering death and personal accident. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and small companies, as well as middle-market companies and high net worth clients. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. The company was incorporated in 1924 and is headquartered in São Paulo, Brazil. Itaú Unibanco Holding S.A. operates as a subsidiary of IUPAR - Itaú Unibanco Participações S.A. | | View Today's Stock Pick |
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