Good MorningThe bear market rally extended itself to a new high last week and it may continue higher in the near term. the rally is driven by news that is not-as-bad-as-expected but the fact inflation is still very high and cutting into economic activity remains. Last week's CPI is the latest culprit coming in cooler than expected but still a hot 5.9% YOY at the core level. At this pace, the market should be expecting the FOMC to continue hiking at an aggressive pace until inflation is at more manageable levels.
This week the market will be faced with another full slate of economic data and reports from a large portion of the retail sector. On the economic front, retail sales top the list but there are several reads coming out of the housing sector and the Index of Leading Indicators as well. The Leading Indicators have been negative for the last three months and could come in negative again. Featured: Is Elon's empire crumbling? (Ad) 
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Markets | | | The world’s largest movie theater chain AMC Entertainment (NYSE: AMC) stock has recovered in recent weeks to being down just (-17%) for the year. The pandemic put the movie theater industry on the edge as the epicenter industry faced many bankruptcies with smaller theaters, independent theater... Read the Full Story |
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Markets | | |
Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten a shot in the arm with the passing of the Inflation Reduction Act of 2022. The bill has brought life to renewable energy and electric vehicle (EV) stocks. The provider of hydrogen fuel cell (HFC) turnkey systems miss... Read the Full Story |
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Markets | | | Digital advertising technology (AdTech) company The Trade Desk (NYSE: TTD) stock took a nosedive when digital advertising networks signaled the slowdown in digital advertising. It’s been a rough two-years for the adtech industry. Apple’s (NASDAQ: AAPL) privacy clampdown and Google&... Read the Full Story |
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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 |
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Stocks | | |
Diversification is the edge for any portfolio. Rising inflation is impacting discretionary consumer spending. These stocks tend to be good recession hedges by either thriving in a recessionary period or are essential products needed regardless of the economic landscape. The following four companie... Read the Full Story |
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Stocks | | |
Coca Cola versus Pepsi. Ford versus General Motors. Boeing versus Airbus.
The corporate world is filled with heated rivalries spread across many industries. Like classic sports team rivalries, they capture our imaginations because we can’t resist seeing two well-matched giants battle it out... Read the Full Story |
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From Our Partners | | Washington is running out of money…And guess where they'll look next?
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Politics | | | Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a boon for the kingdom and the crown prince's spending power as people around the world pay higher gas pr... Read the Full Story |
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Politics | | | Democratic Sen. Kyrsten Sinema of Arizona has received nearly $1 million in campaign contributions over the past year from private equity professionals, hedge fund managers and venture capitalists whose interests she has staunchly defended in Congress Read the Full Story |
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Tech | | | A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community with a coal plant that's closing Read the Full Story |
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Tech | | | The children and teens who remain in eastern Ukraine are retreating into social media, video games and other digital technology to cope with the isolation and stress of Russia's war that rages on the nearby front line Read the Full Story |
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Markets | | | Japan’s economy grew at an annual rate of 2.2% for the April-June quarter from the previous quarter, the government said Monday, as consumer spending rebounded with COVID-19 restrictions getting gradually lifted.
Japan’s gross domestic product, or GDP, the sum of the value of a natio... Read the Full Story |
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Monday's Early Bird Stock Of The Day Revolve Group, Inc. operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. The company offers apparel, footwear, accessories, beauty, and home products from emerging, established, and owned brands, as well as luxury brands through its websites and mobile apps. The company was formerly known as Advance Holdings, LLC and changed its name to Revolve Group, Inc. in October 2018. Revolve Group, Inc. was founded in 2003 and is headquartered in Cerritos, California. | | View Today's Stock Pick |
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