Good MorningEquity markets pulled back more than 1%to start the week as traders and investors brace for the peak of earnings season. There are 73 S&P 500 companies reporting this week including 7 Dow components so the impact on the market could be tremendous. The general expectation is for earnings to beat the consensus but by the smallest margin in years and for the guidance to be weak, a trend that will weigh on the market moving forward. In regard to the outlook for earnings, the outlook for Q2 results ticked up a hair over the past week but consensus estimates for Q3, Q4, the full year 2022, and full year 2023 are all moving lower.
On the economic front, the next big hurdle for the market is the July FOMC meeting. The meeting isn't for two more weeks, however, but it comes before the next read on inflation. After the latest CPI and PPI data, the market should be ready for a 100 basis point rate hike or at least the indication a 100 bps hike is on the way. Between then and now, the most important data point on the calendar is the Index of Leading Indicators and we expect to see a third consecutive month of negative growth. Featured: Trump Knows Exactly What He's Doing (Ad) 
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Stocks | | | Like all investments, investors should due their due diligence before investing in a monthly dividend stock. A company’s dividend yield is important, but the yield is tied to a company’s stock price. Read the Full Story |
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Markets | | |
The bears may have control, but playing the long game on AMD stock is still a solid move
Advanced Micro Devices (NASDAQ:AMD) is illustrative of how quickly sentiment can turn. From the onset of the Covid-19 pandemic to the end of November 2021, AMD stock climbed 290%. The pandemic was ... Read the Full Story |
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Stocks | | | While Samsung’s results may not spark a major reversal in the chip industry they, and other signs within the market, suggest a bottom is in play and it’s one for dividend investors to take advantage of. The chip stocks are undervalued and pay safe, if not always large dividends. Read the Full Story |
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Markets | | | Stocks closed lower on Wall Street Monday after an early rally evaporated by midafternoon, marking a choppy start to a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading.
The S&P 500 fell 0.8% af... Read the Full Story |
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Markets | | | Wall Street is ticking higher Monday to kick off a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading.
The S&P 500 was 0.5% higher in afternoon trading, on pace for another gain after it broke a ... Read the Full Story |
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From Our PartnersWashington is running out of money…And guess where they'll look next?
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It's happened before, and it's happening again.
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Markets | | | Here we focus on oversold companies that not long ago were trading over $100 a share and are likely to recover in due time. It won’t be long before these three stocks return to the century mark—and then some. Read the Full Story |
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Markets | | |
Vaccine developer Novavax (NASDAQ: NVAX) stock has collapsed (-61%) in 2022. The Company’s protein-based COVID-19 vaccine Nuvaxovid has launched in Europe and awaits CDC approval for launch the U.S. The U.S. FDA approval was granted on July 13th making it the fourth COVID-19 vaccine approved... Read the Full Story |
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Markets | | | General Motors will keep its headquarters in its seven-building office tower complex in downtown Detroit, its CEO says.
Mary Barra, in an interview with The Associated Press, said the automaker's main office will remain in the Renaissance Center, the centerpiece of t... Read the Full Story |
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Tech | | | The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: She pledges that by the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader Read the Full Story |
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Politics | | | Germany says a turbine at the center of uncertainty about future gas deliveries through a major pipeline from Russia to Europe was only supposed to be installed in September, underlining its insistence there should be no technical obstacle to the gas flow Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington. | | View Today's Stock Pick |
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