Good MorningEquity markets reversed Monday's decline and moved up to set a new multi-week high on Tuesday despite a round of lackluster earnings reports. While the bulk of S&P 500 companies that have reported are beating their estimates the margin of outperformance is the lowest it's been since well before the pandemic began and the guidance is weak. Names like Johnson & Johnson with heavy exposure to international markets are reporting dollar-related headwinds on top of ongoing supply-chain and inflationary issues. The takeaway is the outlook for earnings in Q3 and Q4 is in decline and will most likely bring the market down with it.
On the economic front, the Housing Starts and Permits data was mixed and points to a slowdown in activity. While the starts figure was better than expected Housing Starts declined from the previous month and permits were weak suggesting the impact of rising rates is already being felt. Featured: Tomorrow morning's stock alert (Ad) 
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Markets | | | Ford (NYSE: F) may be in “buy the dip” mode, judging by its year-to-date decline of 38.42%.
Since rebounding from its July 5 session low of $10.61, the stock is up 18.66%. Does that mean the stock has bottomed and it’s time to jump back into the driver’s seat?
Not so ... Read the Full Story |
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From Our Partners | | Porter Stansberry says a financial force bigger than 9/11 or COVID is already ripping through America — and most won’t see it coming until it’s too late.
In a new broadcast, he reveals what’s happening behind the scenes, why trillions are flowing into a narrow corner of the market, and what it means for your wealth. | | Watch Porter Stansberry’s “America’s National Emergency” broadcast here |
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Markets | | | The stock market had its best day in more than three weeks Tuesday as more companies reported how much profit they made during the spring.
The S&P 500 climbed 2.8% after a powerful tide carried 99% of the stocks in the index higher. The Dow Jones Industrial Average rose 2.4% and ... Read the Full Story |
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Markets | | |
A growing dividend and expanding pipeline are two reasons to invest in ABBV stock
AbbVie (NYSE: ABBV) is a conventional stock for unconventional times. And that’s exactly why it makes sense to add or hold in your bear market portfolio. The company offers a stable and growing dividend ... Read the Full Story |
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From Our Partners | | Former CIA advisor Jim Rickards believes President Trump has just unlocked what the Bible foretold — a $150 trillion “birthright” tied to America’s untouched wealth.
He says the Book of Genesis predicted this moment… and those who act now could be first in line to benefit. The full presentation is now live. | | See Jim Rickards' take on America’s $150 trillion birthright |
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Markets | | | The outlook for consumer spending is getting darker by the day but the bad news is not universal. While some companies are poorly positioned in regards to inflation, interest rate hikes, and the combined impact on consumer spending there are others that are not. Read the Full Story |
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Markets | | | With so many businesses going all-in on cannabis and stock price performance fledgling, many investors have been left scratching their heads. Let’s look at two of the most prominent cannabis stocks to see if the sea of red will ever shift to green. Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Markets | | | Asian shares advanced Wednesday after Wall Street rallied to its best day in more than three weeks as companies reported strong profits for the past quarter.
Tokyo's Nikkei 225 jumped 2.7% to 27,680.26, while the Hang Seng in Hong Kong gained 1.5% to 20,966.48. In Seoul, the Kospi ad... Read the Full Story |
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Markets | | | Stocks are making another run at rising on Wall Street Tuesday as more reports pour in on how much profit companies made during the spring.
The S&P 500 was 1.6% higher in morning trading, a day after an early 1% gain gave way to a loss. The Dow Jones Industrial Average rallied 43... Read the Full Story |
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Markets | | | Johnson & Johnson rode growing sales of the cancer treatment Darzalex and other key drugs to a better-than-expected second quarter, but foreign exchange rates again cut into the health care giant’s 2022 forecast Read the Full Story |
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Tech | | | Elon Musk's attempt to delay a lawsuit filed against him by Twitter after he tried to walk away from a $44 billion agreement to buy the company has failed. On Tuesday, a Delaware judge ordered an expedited trial citing the “cloud of uncertainty” over the social media platform.
Chancel... Read the Full Story |
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Markets | | | China's easing of COVID measures and promising economic stimulus policies are a bullish sign for Alibaba. As its macro backdrop improves, its positioned to unleash pent-up demand from consumers who have recently come out of lockdowns. Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Weis Markets, Inc. engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products. It operates stores in Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and West Virginia primarily under the Weis Markets name, as well as Weis, Weis 2 Go, Weis Great Meals Start Here, Weis Gas-n-Go, and Weis Nutri-Facts. Weis Markets, Inc. was founded in 1912 and is based in Sunbury, Pennsylvania. | | View Today's Stock Pick |
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