Good MorningEquities rebounded last week and closed near the high of the period after the NFP report came in better than expected. The NFP shows job gains were stronger than expected and dispelled some fear of recession but not all. The hourly wages also increased faster than expected and suggest inflation is yet to be tamed.
This week will be a challenging week for the market. On the economic front is the CPI, PPI, and Retail Sales data while on the earnings front reports from the Big Banks and key consumer staples like Pepsico and Conagra Brands. The takeaway from them all will be the outlook for the second half and how inflation will impact earnings growth. We're expecting the guidance to be weak, spark a round of downward revisions to earnings, and bring the S&P 500 down to a new low but we could be wrong. If the guidance for 2nd half earnings begins to brighten, the S&P 500 could begin to put in a real bottom. Featured: Could this be crypto's biggest Trump win? (Ad) 
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Markets | | |
During a bear market, stocks tend to rise sharply and lose steam, putter around and then collapse back down. A buy-the-dip strategy works in a bull market, but it can be detrimental in a bear market as the collapses progressively take the stock to lower lows. Ultimately, you can end up a bagholder... Read the Full Story |
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Tech | | | When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies, with the fund's chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned.
Harris, 62, has attended the funerals of 34 firefighters killed in the li... Read the Full Story |
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Markets | | | Discount retailer Five Below (NASDAQ: FIVE) stock has fallen (-41%) on the year. The popular specialty value retailer sells everything from clothing, home products, candy, toys and games to household products, cosmetics, and accessories for $5 or less. The Company caters to consumers seeking a repri... Read the Full Story |
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Markets | | |
Altria Group (NYSE: MO) presents a polarized bull or bear case for investors. Altria has a dividend yield far above the market average at 8.61% and has increased its dividend every year for the last 18 consecutive years, making it on track to becoming a dividend aristocrat stock once it reaches th... Read the Full Story |
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Politics | | | Joe Biden took office looking to reshape U.S. foreign policy in the Middle East, putting a premium on promoting democracy and human rights. In reality, he has struggled on several fronts to meaningfully separate his approach from former President Donald Trump's.
Bide... Read the Full Story |
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Politics | | | The Canadian government says it will allow the delivery to Germany of equipment from a key Russia-Europe natural gas pipeline that has undergone maintenance — equipment the absence of which Russia’s Gazprom cited last month as a reason for more than halving the flow of gas Read the Full Story |
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Markets | | | The longtime World Wrestling Entertainment impresario Vince McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, the Wall Street Journal reports.
The amount is significantly larger than what was previously know... Read the Full Story |
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Politics | | | Sri Lankan protesters have stormed President Gotabaya Rajapaksa’s residence and nearby office as tens of thousands of people took to the streets of the capital in the biggest demonstration yet amid the country's worst economic crisis Read the Full Story |
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Markets | | | Levi Strauss (NYSE: LEVI) proved the power of omnichannel business and the shift of direct-to-consumer sales once again. The company not only managed to outperform in Q2 but it reaffirmed its guidance which is about the best we can expect for this reporting season. Read the Full Story |
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Markets | | | AT&T has had a contentious couple of years with its recent partnerships and acquisitions. It is now in a position of being able to pay down its debt and improve its margins and free cash flow, which makes investors question if now is a good time to buy this stock. Read the Full Story |
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Monday's Early Bird Stock Of The Day FactSet Research Systems Inc., a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut. | | View Today's Stock Pick |
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