Good MorningEquities finished a volatile week on a down note last week with the S&P 500 down more than 1.5% at the low of the Friday session. The move was small but no less important because it confirms the presence of resistance at a key level between 4,100 and 4,200 on the S&P 500. If the market can not get back above that level this week it most likely won't until later in the summer.
This week, the market will be focusing on the CPI data due on Friday and it could be a hot number. Not only are commodity prices still firm but oil and wages are still on the rise. The best-case scenario is that consumer-level inflation moderated slightly on a month-to-month basis but at that level is still very high. The risk for the market is a hotter than expected figure and increased expectation for aggressive FOMC actions this year. Featured: The #1 Stock Market Book to Read – Free (Millionaire Pub) 
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Markets | | | Americans at the low end of the income rung are once again struggling to make ends meet.
A confluence of factors — the expiration of federal stimulus checks and surging inflation on staples like gas and food — are driving an even bigger wedge between the haves and have-nots.
... Read the Full Story |
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Markets | | | Americans at the low end of the income rung are once again struggling to make ends meet.
A confluence of factors — the expiration of federal stimulus checks and surging inflation on staples like gas and food — are driving an even bigger wedge between the haves and have-nots.
... Read the Full Story |
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Markets | | | Retail department store chain Macy’s (NYSE: M) stock has been weathering the bear market in retail stocks after posting stellar fiscal Q1 2022 earnings and raising guidance. The department store giant’s Polaris strategy has been successful as Macy’s saw 88% of its omnichannel marke... Read the Full Story |
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Markets | | | Solar energy solutions provider First Solar (NASDAQ: FSLR) stock has fallen (-15%) for the year outperforming the Nasdaq bear market. The photovoltaic (PV) solar module maker saw significant drops in revenues stemming from a drop in modules sold and average selling price, and lower Japan project rev... Read the Full Story |
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Politics | | | Russia took aim Sunday at Western military supplies for Ukraine, launching airstrikes on Kyiv that it claimed destroyed tanks donated from abroad, as Vladimir Putin warned that any Western deliveries of longer-range rocket systems would prompt Moscow to hit “objects that we haven't yet struck.”
... Read the Full Story |
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Politics | | | Russia took aim at Western military supplies for Ukraine with airstrikes in Kyiv on Sunday that it said destroyed tanks donated from abroad, as President Vladimir Putin warned that any Western deliveries of long-range rocket systems to Ukraine would prompt Moscow to hit “objects that we haven't yet ... Read the Full Story |
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Politics | | | Russia's defense ministry said a barrage of airstrikes on Ukraine's capital destroyed tanks donated by the West and other armor in an attack on Sunday that shattered five weeks of eerie calm in Kyiv, as President Vladimir Putin warned the West about supplying long-range rocket systems to Ukraine.
... Read the Full Story |
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Markets | | |
Baidu, Inc. (NASDAQ: BIDU) has expanded its business model over the last several years. While the company continues to dominate the domestic Chinese search engine market with a 79.52% market share with its Baidu app, accelerated growth is set to come from its AI Cloud solution, which delivered a 4... Read the Full Story |
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Tech | | | Xiaomi (OTCMKTS: XIACF) is facing headwinds from supply chain shortages and the coronavirus pandemic. Both of these factors have reduced the demand for smartphones in China and it could be set to continue for the rest of this year. Read the Full Story |
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Stocks | | | RH (NYSE: RH) was one of the first companies to warn the market about inflationary and supply chain hiccups and, as such, we expect to see give some of the earliest insight into what to expect over the summer. As dubious as the company’s bellwether status may be, the message we are getting from the report is not good. Read the Full Story |
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Monday's Early Bird Stock Of The Day RingCentral, Inc., together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience. It provides RingCentral Video, a video meeting service that includes the company's RCV video and team messaging capabilities; offers video and audio conferencing, team messaging, file sharing, contact, task, and calendar management, as well as pre-meeting, in-meeting, and post-meeting capabilities. In addition, the company offers RingCentral Professional Services, which include consultation, UCaaS and CCaaS implementation, VoIP phone system adoption, configuring custom workflows, customer and user onboarding, ongoing support, advanced support, managed services, and more. It serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, state and local government, and others. It sells its products to enterprise customers, as well as small and medium-sized businesses through resellers and distributors, partners, and global service providers. RingCentral, Inc. was incorporated in 1999 and is headquartered in Belmont, California. | | View Today's Stock Pick |
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