Should Silver Stocks Be A Part Of Your Portfolio?. Asian shares dip despite Wall St rally; eyes on Fed chair. Global shares dip despite Wall St rally; eyes on Fed chair.
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The Early Bird Newsletter
The Early Bird Newsletter

Wednesday, June 22nd

Good Morning

Equities rebounded on Tuesday, the first trading day of the week, but we urge investors not to read too much into the move. the rally comes in the wake of new lows for the S&P 500 and is not likely to gain much momentum. The S&P 500 broke out of a downward slanting channel in the previous week which suggests the downtrend will gain momentum and not the other way around. This week, there will be few economic or earnings reports to move the market so inflationary concerns, fear of recession, and Fedspeak will likely take the fore.

The next big hurdle for the market will be the 2nd quarter earnings reporting season. The peak of the season begins in about three weeks with reports from JPMorgan Chase and other big banks and the news may not be good. Rising inflation and dwindling savings could put a cap on consumer spending which is the backbone of the American economy.

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Stocks

Should Silver Stocks Be A Part Of Your Portfolio?

Silver prices continue to remain elevated, trading at $21 an ounce. During times of inflation, silver stocks could be one of the ways to hedge your portfolio against macroeconomic headwinds. Silver prices remain on a firm footing, as demand continues to outpace supply, with total production at 997...

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From Our Partners

The American Antidote for Chinese Lithium?

Switching to renewable energy means lithium demand could skyrocket 1,000% by 2030. But China controls 80% of the world's lithium supply, and the U.S. warns that China's monopoly is a national security and economic threat. Nevada's famed lithium deposits could be the best antidote to fight back against Chinese lithium domination.

See Why Nevada Lithium Should be on Every Investor's Radar

Politics

Asian shares dip despite Wall St rally; eyes on Fed chair

Asian shares declined Wednesday as markets shrugged off a Wall Street rally and awaited congressional testimony by Federal Reserve Chair Jerome Powell. Japan’s benchmark Nikkei 225 shed 0.4% to finish at 26,149.55. Australia’s S&P/ASX 200 lost 0.2% to 6,508.50. South Korea’s Kosp...

Read the Full Story >>

Politics

Global shares dip despite Wall St rally; eyes on Fed chair

Global shares declined Wednesday as markets shrugged off a Wall Street rally and awaited congressional testimony by Federal Reserve Chair Jerome Powell. European benchmarks fell in early trading after shares in Asia finished lower, including in Japan, Australia, South Korea and China...

Read the Full Story >>

From Our Partners

5 "Diamonds in the Rough"

Finding that "diamond in the rough" - such as the next Amazon or Netflix - is what drives many microcap investors. And future Q2 earnings announcements will likely be the reason for a sudden spike in share prices for these 5 microcap stocks.

Click here to get the names & ticker symbols of all 5.

Politics

Sri Lanka's crisis cripples once burgeoning middle class

Miraj Madushanka never thought he'd need government rations to ensure his family could eat two meals a day, but Sri Lanka’s economic crisis, the worst in its history, has recast his life and those of many others in its burgeoning middle class. Families that never had to think twice a...

Read the Full Story >>

Tech

South Korea hits dozens with travel bans amid crypto probe

South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company’s cryptocurrency that devastated traders around the world

Read the Full Story >>

From Our Partners

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Markets

SeaWorld Entertainment Stock Can be Caught on the Downdraft

Theme park and entertainment company SeaWorld Entertainment (NYSE: SEAS) stock has sunk (-33%) for the year. The operator of SeaWorld and Busch Gardens theme parks has been in a recovery since the reopening after COVID lockdowns were pulled. Vaccinations have been the key to the rebound in attendanc...

Read the Full Story >>

Markets

Buy the Dip in These 3 Mid-Caps

Last year, “buy the dip” was a highly effective trading strategy. Each time the stock market dipped lower, it ultimately charged to new highs.  In the U.S. mid-cap space, this lasted until November 2021. Since then the S&P 400 index has had plenty more dips. But like an unbal...

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Markets

To avoid US extradition, Megaupload pair plead guilty in NZ

As part of a deal they struck to avoid extradition to the United States, two men pleaded guilty Wednesday in New Zealand to their involvement in running the once wildly popular pirating website Megaupload. The pleas by Mathias Ortmann and Bram van der Kolk at the Auckland High Court e...

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Markets

Lululemon Stock Bestows a Buying Opportunity

Athleisure apparel and footwear maker Lululemon (NASDAQ: LULU) stock is down (-28%) in the 2022 bear market despite stellar earnings performance. The popular retail fitness apparel brand is still firing on all cylinders despite the return of formalwear as consumers return back to work. The Company r...

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Stocks

This Still Isn’t A Buyable Bottom For Stocks 

Equities began the week with a strong bounce and the S&P 500 (NYSEARCA: SPY) gained more than 2.6% by midday. As strong as the bounce looks, however, we still don’t think this is the buyable bottom. While there is some indication that a bottom may form during the Q2 reporting season that season is still a few weeks away and there is great risk in the outlook.

Read the Full Story >>

The Early Bird is a daily email newsletter powered by MarketBeat that covers the top stories that will impact the stock market each day. Read your copy every morning at 7:00 AM Eastern so that you can "catch the worm" when the market opens.

The Early Bird Newsletter
The Early Bird Newsletter

 
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