Good MorningEquities broke out of a downtrending channel to the downside last week in evidence of mounting fear about the economy. The FOMC was forced to hike rates by 75 basis points in what some would call a surprise move. Others, however, would say the FOMC is still behind the curve and that at least one more if not two more 75 basis point hikes were needed. Regardless of the pace, the takeaway for the market is that inflation is still out of control and aggressive rate hikes are making the cost of business more expensive. In this scenario, economic activity can be expected to contract and there is evidence of that already. The Index of Leading Indicators fell for the second month by -0.4% suggesting an economic recession is already in play.
This week will be a hurdle for the market because of how little new information is set to be released. On the economic front, there are only two data points due out and both are from the housing sector. On the earnings front, there are only a handful of confirmed reports and very few from companies other than home builders. Featured: 3 Under-$10 Stocks That Could Skyrocket (Ad) 
|
Markets | | | Global stocks rebounded Tuesday as Wall Street futures moved higher after a U.S. market holiday.
London and Frankfurt opened higher. Tokyo, Hong Kong and Sydney gained while Shanghai declined. Oil prices climbed above $110 per barrel.
The future for Wall Street's benchm... Read the Full Story |
|
From Our Partners | | Summer is almost Here! I would like to give you a special report that could help boost your portfolio this summer (and beyond).
It’s called 7 Best Stocks to Own in Summer 2025.
These are companies that not only thrive in the summer but are capable of generating juicy returns throughout the year.
To get it, just click the link below… but don’t dally, this is a limited-time offer. | | Get Your Copy of "7 Best Stocks to Own in Summer 2025" Here. |
|
Stocks | | | There is so much uncertainty in the air the only thing we can be certain of is the economic conditions will not be the same this fall as they were last fall. If supply chain improvements materialize if inflation gets under control if job growth continues the market will rebound and end the year at or above where it began in 2022. Read the Full Story |
|
Politics | | | The chief executive of Brazil's state-run oil giant Petrobras resigned on Monday amid political pressure from top lawmakers and President Jair Bolsonaro. José Mauro Coelho held the job for less than two months.
A filing of the oil giant to Brazil’s security authority said that Coelho... Read the Full Story |
|
From Our Partners | | 7 High Yield Dividend Stocks to Buy Now 💰
Love steady payouts? This free report reveals 7 high-yield dividend stocks you need to know about. From Company #3, a tobacco giant innovating with smokeless products, to Company #4, famously known as “The Monthly Dividend Company,” these picks deliver steady income you can count on. | | Perfect for income-focused investors. |
|
Politics | | | President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon.
“Yes, I’m considering it,” Biden told reporters after taking a walk along the beach near h... Read the Full Story |
|
Politics | | | President Joe Biden said Monday that he's considering a federal holiday on the gasoline tax, possibly saving U.S. consumers as much as 18.4 cents a gallon.
“Yes, I’m considering it,” Biden told reporters after taking a walk along the beach near his vacation home in Delaware. “I hope t... Read the Full Story |
|
From Our Partners | | For over four decades, I’ve been using my proprietary stock rating system to help me find the most explosive opportunities… BEFORE they take off for unbelievable gains.
I found Amazon in 2003, before it exploded almost 100 times higher… Cisco in 1992, before it jumped 123 times higher… Adobe in 1990, before it jumped 280 times higher...
Apple in 1988, before it jumped 617 times higher… Microsoft in 1988, before it skyrocketed more than 1,000X…
And Nvidia in 2019, before shares exploded as high as 3,423%. | | My system has rated these three stocks as an immediate buy for 2025. |
|
Politics | | | The German government said Monday that it remains committed to its goal of phasing out coal as a power source by 2030, despite deepening worries about a cut in Russia's gas supplies.
Russia's Gazprom announced last week that it was sharply reducing supplies through the Nord Stream 1 p... Read the Full Story |
|
Stocks | | | Lennar (NYSE: LEN) reported a fantastic 2nd quarter but there are signs with the report that makes us think we’ve reached a peak in the housing market. The company’s New Orders and Backlog suggest that not only are sales slowing under the weight of rising prices and higher interest rates but the company’s ability to meet the demand is also flagging. Read the Full Story |
|
Markets | | | Medical diagnostic lab company Quest Diagnostic (NYSE: DGX) stock has been performing relatively stronger than the benchmark indices down only (-20%) on the year. The Company was a benefactor of the pandemic processing COVID test results, but volumes are falling as COVID wanes amidst mass vaccinatio... Read the Full Story |
|
Stocks | | |
Energy demand continues to remain robust, and with the global economic backdrop, energy-related stocks that provide a dividend yield could help your portfolio mitigate some of the adverse effects of the current inflationary environment and market volatility.
Midstream companies primarily be... Read the Full Story |
|
Markets | | | The 27 analysts covering Adobe (NASDAQ: ADBE) still rate it a solid Buy but we don't think now is the time to start buying. While the Buy rating has held firm over the last year the Marketbeat.com consensus price target is slipping. Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in oil sands mining. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada; and marketing and risk management of crude oil and natural gas. The Refining and Marketing segment engages in the refining of crude oil products; and distribution, marketing, transportation, and risk management of refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment is also involved in the trading of crude oil, refined products, natural gas, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada. Suncor Energy Inc. | | View Today's Stock Pick |
|
