Good MorningThe rebound in equities extended to a fifth day on Wednesday and took the S&P 500 to a 1-month high. The move, while bullish, appears to be losing steam however under the deluge of earnings reports. The earnings reports have been coming better than expected but much of the guidance has been weak. There is a chance the index has bottomed but it looks to us like a retest of the recent lows is brewing.
The latest read on Existing Home sales is another negative for the economy. The pace of existing home sales contracted on a month-to-month basis as prices and interest rates leave prospective buyers out of luck. Today's read of the Index of Leading Indicators may paint a different picture but it looks like the economic contraction that began in the 1st quarter is gaining momentum. Featured: Keep These Stocks On Your Radar... (PTR) 
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Stocks | | | We like using stock screens to look for investing ideas, not so much to find new investments but to remind us (after all these years) of good investments and, more specifically, the right investments for the right times. Read the Full Story |
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From Our PartnersThis global leader in plant cell biology enters commercialization and has a pipeline of 6 major customers for its products. Q2 sales orders set a new high at 97% growth over Q2 2021. Leveraging their patented platform technology, this company is poised to bring the next generation of science-based therapeutics to the world. | | ADD THIS COMPANY TO YOUR WATCHLIST! |
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Markets | | | A good strategy for this unprecedented backdrop may be to bunker down with steady dividend paying companies that are likely to trend higher as market conditions improve. Compared to what was available at the market peak, there are certainly some big dividend yields out there. Read the Full Story |
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Markets | | | In recent sessions, Exxon Mobil has rallied along with the broader market, with the stock advancing 4.2% so far in July. Is Exxon Mobil representative of the broader energy sector, or an outlier? And did the sector’s mid-June peak mark the apex for the foreseeable future? Read the Full Story |
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From Our PartnersRampant chaos. Out-of-control inflation. Worldwide uncertainty. The last word you would think to describe our market is “perfect”. But it is - a perfect storm. These factors are working in tandem to create a huge opportunity for big profits.
(**By clicking link you are subscribing to The Bullish Traders Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | | Click HERE for two stocks that could triple |
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Markets | | |
Just like the animal they mimic, bear markets are known to have a wide reach. When the bears take a swipe at elevated stock prices, few names survive.
This year’s bear market attack has spared few industries. High flying technology companies have been especially hard hit by the impact... Read the Full Story |
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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 | | | 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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Politics | | | Europe faced an energy crisis even before drama emerged about the Nord Stream 1 pipeline reopening from Russia to Germany.
While natural gas started flowing again Thursday after the major pipeline shut down for 10 days of maintenance, Europe will still struggle to keep homes warm and ... Read the Full Story |
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Politics | | | A steel producer has announced plans to build and operate an aluminum mill in the southeastern U.S., after reaching a deal with the company that so far has failed to deliver on its promise to put the plant in Kentucky — even with financial backing from the state.
The announcement this... Read the Full Story |
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Politics | | | President Joe Biden will announce new actions on climate change that he can take on his own just days after an influential Democratic senator quashed hopes for a sweeping legislative package of new environmental programs this year.
Biden is to unveil the latest efforts during a visit... Read the Full Story |
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Markets | | | General Electric's recent downgrades by analysts were credited due to the deteriorating short-term outlook for the stock. However, the company does perform well on several important ratios and with a less expensive valuation, leading to a bull case for shares. Read the Full Story |
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Thursday's Early Bird Stock Of The Day NextPlay Technologies, Inc., a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company operates through three segments: Media, FinTech, and Travel. The Media segment provides HotPlay games studio, a game development studio that develops a range of casual games; HotPlay redemption mobile application, a digital wallet that is used to collect the HotPlay IGA rewards; HotPlay In game advertising and rewards platform, that enable advertisements and rewards to be inserted in game; goPlay platform, a gamification platform for users to compete against each other through tournaments and challenges, as well as a reward platform that rewards users for their continued loyalty and continuous game; and Zappware, a TV as a Service platform, which includes media source ingest, encoding and transcoding, packaging, protection, delivery, playback, and analytics that provide telco operators for their digital media processing, as well as a client side set top box and smart TV middleware platform, associated application framework and corresponding, and supporting content management system. The FinTech segment engages in the development of NextFinTech Platform, an integrated digital financial platform, which offers mobile banking, investments into alternative assets, and insurance to businesses and individuals. The Travel segment offers booking solutions for business and leisure; and travel technology solutions comprising alternative lodging rental properties under NextTrip ConNextions brand. The company was incorporated in 2005 and is based in Sunrise, Florida. | | View Today's Stock Pick |
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