Good MorningEquities extended their rebound last week but the move already appears to be losing momentum. The S&P 500 index topped out just above 4500 and with MACD and stochastic indicating overbought conditions. Without a new catalyst, and with much of last week's action-driven by short-covering, it doesn't look like the index can move much higher. The next target for resistance is at 4,600 and it may be reached this week.
This week the market will be bracing for another round of important economic data including the PCE price index and the NFP report on Friday. The PCE price index is expected to produce another hot figure if not an acceleration from the previous month. In either case, the data is expected to increase the odds of a 50 basis interest rate hike at the next FOMC meeting. The NFP report will be important as well, but more so for the wage data and how it impacts the overall inflation picture. Featured: Watch This Robotics Demo Before July 23rd (Ad) 
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Markets | | | Two weeks ago, it looked like it was game over for GameStop Corp. (NYSE: GME). On March 14th, the popular meme stock sunk to a new 52-week low of $77.58, dragged lower by broad market weakness and continued disdain for the former $400+ high-flier.
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From Our PartnersWashington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
It's happened before, and it's happening again.
The Department of Justice just admitted that cash isn't legally YOUR property. | | | Get your free guide now by clicking here >> |
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Markets | | | There are some stocks that fall into the category of fortress stocks. General Mills is one of them. With the stock likely to move higher, investors have an intriguing buying opportunity with GIS stock Read the Full Story |
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Markets | | | After climbing to nearly $80 in November 2021, Fortive Corp. (NYSE: FTV) dipped below $60 this month. Shares of the former Danaher division have begun to recover alongside the market rally but still have good upside. Read the Full Story |
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From Our PartnersWhat If Washington Declared That:
YOUR Money ISN'T Actually Yours?
Sounds insane, but that's exactly what the Department of Justice just admitted in court—claiming cash isn't legally your property.
What does that mean? It means Washington thinks they can seize, freeze, or drain your accounts—whenever they want. | | | Get your free guide now by clicking here >> |
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Politics | | | BERLIN — Russian authorities have blocked the website of German newspaper Bild, part of their efforts to control the message on Ukraine.
Communications and media regulator Roskomnadzor said Sunday it blocked Bild’s website at prosecutors' request.
Instagram and Facebook... Read the Full Story |
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Politics | | | KYIV, Ukraine — Ukraine’s military intelligence chief says that Russia could try to break Ukraine in two.
Kyrylo Budanov said in remarks released by the Defense Ministry on Sunday that Russian President Vladimir Putin has realized “he can’t swallow the entire country” and would likely... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
He gives a speech and the markets soar…
Now, a new Trump executive order is set to set off a wave worth a potential $194 trillion in the markets.
And Wall Street insider Larry Benedict says it could hand investors who missed out on Trump’s first term a second chance. | | | Click here to discover this exciting new trading pattern. |
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Politics | | | PARIS — French President Emmanuel Macron has distanced himself from U.S. President Joe Biden’s comment that Vladimir Putin “cannot remain in power.” He is urging efforts to de-escalate tensions.
Macron, who has spoken several times to the Russian president in so-far unsuccessful peace... Read the Full Story |
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Politics | | | A separatist leader in eastern Ukraine says that his region wants to hold a vote on joining Russia.
Leonid Pasechnik, the head of the self-proclaimed Luhansk People’s Republic, said Sunday that it could hold a referendum “in the nearest time” asking voters whether they support making ... Read the Full Story |
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Politics | | | LVIV, Ukraine — The governor of the Lviv region says a man was detained on suspicion of espionage at the site of one of the two rocket attacks that rattled the city on Saturday.
Maksym Kozytskyy said police found the man had recorded a rocket flying toward the target and striking it. ... Read the Full Story |
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Stocks | | |
High-profile cyberattacks keep showing up in the news. You may have been a victim yourself or know someone else who has gotten hacked, whether from your credit card or through a full battery of personal information.
About 47% of Americans experienced financial identity theft in 2020, according to... Read the Full Story |
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Markets | | | Enterprise cloud and data application software solutions provider Splunk (NASDAQ: SPLK) stock has been rebounding strong with the benchmark indexes in the past few weeks. The cloud-based data analysis and security platform had a very strong close for its fiscal year 2022 smoking consensus analyst es... Read the Full Story |
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Monday's Early Bird Stock Of The Day Bumble Inc. provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point. Bumble Inc. was founded in 2006 in and is headquartered in Austin, Texas. | | View Today's Stock Pick |
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