Good MorningEquity markets began the week in the green and moved up in Monday trading. The S&P 500 gained about a half of a percent at the high of the day and will probably move higher in the near term. The move is driven by the weaker than expected CPI data last week but investors are warned not to put too much faith in the rally. The rally is still a bear market rally and one that will result in another sell-off in the not too distant future. The question that needs to be answered is if the next sell-off will result in a clear Buy Signal that is confirmed by economic data and the outlook for earnings, or if the market will move down to another new low.
The big news this week is going to be the Retail Sales figures on Wednesday. The Economists are expecting a gain of only 0.1% versus the prior month which is tepid at best and optimistic at worst. A weak figure may not send the market into a tailspin but it will help set up the next decline. A series of weak economic reports could put an end to the market's optimism and there are other reports due out this week. Other reports of interest include several reads out of the housing market and the Index of Leader Indicators. Featured: INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off (Ad) 
|
Politics | | | Democrats have pulled off a quiet first in their newly signed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable.
Under the bill President Joe Biden signed into law Tue... Read the Full Story |
|
From Our Partners | | I made a mistake.
A mistake I feel very foolish about.
After speaking with Donald Trump and some of his advisors, I believed him.
I believed the promise that he would finally confront the single most dangerous threat to American life. That he would fix the ticking time bomb I’ve been warning about for 15 years.
But I was wrong. | | Let me show you exactly what we’re doing to prepare. |
|
Markets | | |
Coca-Cola (NYSE:KO) and PepsiCo (NASDAQ:PEP) are part of the consumer staples sector. This sector includes many of the leading defensive stocks. A feature of the best companies in this sector is that they offer products that consumers will buy no matter what is happening in the broader economy. &n... Read the Full Story |
|
Markets | | | Activision Blizzard (NASDAQ: ATVI) stock hasn’t gotten much traction since its earnings report on August 1.
On the one hand, that lack of movement is not particularly surprising, given that Microsoft has offered to buy the game software and console maker for $68.7 billion, or $95 per sh... 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 |
|
Stocks | | |
Mr. President, investors were banking on you signing that enormous climate, health, and tax bill.
With the President signing off on the landmark $430 billion package that earmarks a sizable chunk to clean energy policies, electric vehicle (EV) stocks have been, well, electric as of late.
Since t... Read the Full Story |
|
Markets | | | Stock indexes turned mixed on Wall Street in choppy afternoon trading Tuesday as investors cautiously review mostly encouraging financial results from major retailers.
The S&P 500 slipped 0.1% as of 3:11 p.m. Eastern. The Dow Jones Industrial Average rose 184 points, or 0.5%, to 3... Read the Full Story |
|
From Our Partners | | The Tesla Shock Nobody Sees Coming
While headlines scream "Tesla is doomed"...
Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs.
One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd. | | Click here to see the Tesla shock that could blindside everyone. |
|
Markets | | |
Shares of Apple (NASDAQ: AAPL) are approaching their 52-week high and many analysts believe AAPL stock could cross over $200 per share by the end of the year. If it does so, it won’t be exclusively due to iPhone sales (although those sales still are strong).
As many shareholders know... Read the Full Story |
|
Politics | | | President Joe Biden arrived at the White House promising to “build back” America, and legislation he signed Tuesday delivers a slimmer, though not insignificant, version of that once sweeping idea.
Approved by the divided Congress, the bill brings the biggest investment ever in the U.... Read the Full Story |
|
Tech | | | American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit on the planes that are still on the drawing board and years away from flying.
Neither American nor the manufacturer Boom Supersonic would provide financial details Tuesday, including the... Read the Full Story |
|
Politics | | | President Joe Biden will sign Democrats’ landmark climate change and health care bill on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters less than three months before the midterm elections.
... Read the Full Story |
|
Markets | | | Home Depot's (NYSE: HD) Q2 results and outlook echoed Walmart's (NYSE: WMT) and in a much clearer fashion that suggests not only a peak in consumer spending but the possibility of underperformance in the second half of the year. Home Depot, like Walmart, reported better than expected results and off... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3.3 million residential, commercial, public authority, and industrial customers; and owned 73,689 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage facilities in Texas; provides ancillary services customary to the pipeline industry, including parking arrangements, lending, and inventory sales; and owned 5,645 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
|
