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: Is the new 401(ai) innovation hype or hope? (Ad) 
|
Finance | |
Is the financial services corporation Citigroup Inc. (NYSE: C) a good next buy for your portfolio? If you're scouring headlines to look for an excellent bank stock that pays dividends, you might want to consider Citigroup's strengths (including the choppy, storied history).
Let's take a look at ... Read the Full Story |
|
From Our Partners | | Jeff Brown, founder and CEO of Brownstone Research, says a new market cycle he calls the million dollar cycle is set to begin by October 20.
Brown has built a new model portfolio featuring five AI plays tied to this pattern, which he says has repeated with a track record of success in the past.
He notes this cycle unfolds outside the traditional stock market, combined with the ongoing AI boom. | | Click here to see the full details now |
|
Technology | |
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 a super cy... Read the Full Story |
|
Communication Services | |
The slumbering bear market of 2022 has been rough on all sectors (except the energy sector) and most individual stocks.
The silver lining, however, is that the shares of a lot of fundamentally sound companies are on sale. Names that have fallen out of favor with the market yet still have solid ba... Read the Full Story |
|
From Our Partners | | A small, publicly traded supplier trading under $100 a share has reportedly worked alongside Elon Musk for more than a decade.
A federal filing may outline Musk's next major move: an AI network of up to a million satellites powered by the sun. James Altucher says this supplier holds the piece Musk doesn't own. | | Watch James Altucher's free Masterclass on this Musk-linked supplier stock |
|
Markets | |
Dividends Will Make The Difference In The Second Half
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 underval... Read the Full Story |
|
Healthcare | |
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 |
|
From Our Partners | | The U.S. now borrows money just to pay interest on money it already borrowed, a pattern economists call a debt death spiral. Interest payments alone now top a trillion dollars a year.
The Social Security trust fund is projected to run dry by 2032, which could trigger an automatic 22% cut to benefits. Between 2020 and 2022, the Fed expanded the money supply by 41%.
A free 27 page report breaks down these numbers in plain English, including what central banks have been doing with gold. | | Download the free Debt Death Spiral report now |
|
Markets | |
These companies provide peace of mind that comes from regular income
Many companies pay dividends on a quarterly or annual basis. However, a select group of companies pay out monthly dividends. For income investors, monthly dividend payments generate a predictable source of income. This provides ... Read the Full Story |
|
Markets | |
AMC Rides Wave Of Blockbuster Movie Openings
While the movie industry is still a bit shy of regaining its pre-pandemic business levels AMC Entertainment (NASDAQ: AMC) is on track for a blockbuster quarter. The last few months have seen no end of high-grossing movie openings, and the trend is set... Read the Full Story |
|
Markets | |
-EPS was down 8% y-o-y.
-Total revenue fell by 4%, to $3 billion, and down 1% ex adjustments. Fee revenues were down 6% due to lower equity and fixed income. FX trading partially offset the lower fees.
-Expenses were largely flat for the year at $2.1 billion.
-Pre-tax margin was 28% down 3% y-o... Read the Full Story |
|
Consumer Discretionary | |
Whirlpool (NYSE: WHR) is currently down -31.51% YTD. Part of the reason for this sell-off is that the company announced late last month that it would sell its operations in Russia to Turkish appliances maker Arçelik AS (OTCMKTS: ACKAY) and is expected to incur $300M to $400M loss in the pro... Read the Full Story |
|
Healthcare | |
Diversified global medical science products maker Abbott (NYSE: ABT) stock is down a modest (-11.5%) on the year. Abbott provides full lifecycle health and medical products from baby formula to nutrition supplement products, chronic disease treatments and medical devices to generic pharmaceuticals... Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
|
