Good MorningThe rebound in equity markets hit a roadblock on Friday as traders and investors brace for next week's round of earnings and economic reports. Not only is it the first of the two busiest weeks of the Q2 earnings reporting cycle but the FOMC is expected to hike interest rates by at least 75 basis points. On the earnings front, the reports are expected to be OK enough but the guidance will usher the S&P 500 into its next move. If the guidance continues to weaken the S&P 500 will have little choice other than to move lower.
Also on tap for this week? The first read of the Q2 GDP. Based on the last three months of Leading Indicators, we expect to see the figure not only come in negative but to accelerate the decline that began in the 1st quarter. The question of if we're in a recession has already been answered, yes we are. The question about how deep and how long the contraction will be is what needs to be answered next. Featured: Forget Nvidia, This “Ghost Town” Company Holds the Key to the AI Boom (Ad) 
|
Markets | | | A bear market can trigger panic to a point where investors literally throw the baby out with the bath water. Bear markets always recover. The question is from what point and when. A bear market incites fear and capitulation on the way down and regret and fear of missing out (FOMO) on the way up. Whi... Read the Full Story |
|
|
Markets | | |
Online travel company Trip Advisor (NASDAQ: TRIP) stock has fallen (-35%) this year. The travel sector was devastated by the pandemic as an epicenter industry. However, the reopening as unleashed much pent up demand with many airline carriers like American Airlines (NYSE: AAL) experiencing travel ... Read the Full Story |
|
Politics | | | Soki Wu's food stall, tucked in a food court in a shopping mall in Singapore, is a crowd favorite for its fresh, juicy “chicken rice," a national dish. But customers recently began complaining that his chicken didn't taste quite as good as it used to.
Wu was forced to switch to froze... Read the Full Story |
|
From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
|
Politics | | | Herbert Diess, the Volkswagen CEO whose image had been tarnished in the fallout from the German automaker’s emissions-cheating scandal, is stepping down.
In a surprise announcement Friday, the Wolfsburg, Germany-based company said Diess will depart Sept. 1 “by mutual consent” with the... Read the Full Story |
|
Markets | | | Data Cloud provider Snowflake (NASDAQ: SNOW) stock has tanked (-57%) on the year. The enterprise data warehouse systems provider enables analytics and reporting to generate business intelligence. The Company is thriving despite macroeconomic conditions. The CEO has stated that larger headwinds like ... Read the Full Story |
|
From Our Partners | Most traders guess. This system doesn’t.
Using his Momentum Indicator, one trader turned $15K into $150K in six months — stacking 20–30% daily gains. Now he’s sharing 3 stocks flashing BUY right now, plus a free report showing how to trade them. | | Claim your 3 stock picks + free momentum trading report |
|
Markets | | | Roughly 2,500 Boeing workers are expected to go on strike next month at three plants in the St. Louis area after they voted Sunday to reject a contract offer from the plane maker.
The strike is planned to begin Aug. 1 at Boeing manufacturing facilities in St. Charles County, St. Louis... Read the Full Story |
|
Tech | | | A bill to boost semiconductor production in the United States has managed to do nearly the unthinkable — unite the democratic socialist Sen. Bernie Sanders and the fiscally conservative right.
The bill making its way through the Senate is a top priority of the Biden... Read the Full Story |
|
Tech | | | T- Mobile has agreed to pay $350 million to customers affected by a class action lawsuit filed after the company disclosed last August that personal data like social security numbers had been stolen in a cyberattack.
In a Securities and Exchange Commission filing on Friday, the mobile... Read the Full Story |
|
Markets | | | If results from Baker Hughes (NYSE: BKR) and Haliburton (NYSE: HAL) weren’t enough to convince you of a rebound in the oil services sector Schlumberger (NYSE: SLB) has given us some more evidence. The company reported a solid quarter driven by strength in all regions and segments due to an increase in investment in the oil industry. Read the Full Story |
|
Markets | | | As good a company as Mattel (NASDAQ: MAT) is, Hasbro (NASDAQ: HAS) may be the better buy for today’s times. Both companies outperformed the consensus expectations and provided a positive outlook but one thing stands out between them. Read the Full Story |
|
Monday's Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
|
