Good MorningEquity markets peaked out last week following a round of mixed reports from the retail sector. The takeaway from the reports is that inventory is bloating across the sector and driving an intensifying need for discounting. The news is good for consumers looking for a bargain but bad for businesses hoping to maintain margin and profitability. The result is resulting in downward revisions to the earnings outlook and that is what capped gains in the stock market.
This week earnings will fall to the wayside in favor of economic data and the FOMC outlook. There are few economic reports on the calendar but the list includes the PCE price index. The index is expected to track lower alongside the CPI but is also expected to remain well above the Fed's 2.0% target rate and support the idea of aggressive Fed action at the next meeting. Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Markets | | | Retail department store chain Kohl’s Corporation (NYSE: KSS) stock took a one-two punch after losing its takeover bids then cutting estimates. It’s been a turbulent year for Kohl’s investors as shares plunged by over 50% at its lows in 2022. During the first quarter of 2022, shares... Read the Full Story |
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Stocks | | | With sales of electric vehicles expected to rise in the coming years, EV suppliers such as Luminar Technologies (NASDAQ:LAZR) and Wolfspeed (NYSE: WOLF) saw large post-earnings bounces recently.
A February study from S&P Global Platts Analytics found that “global light duty electric... Read the Full Story |
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Markets | | |
Applied Materials, Inc. (Nasdaq: AMAT) is an American semiconductor company that supplies equipment, services, and software for the manufacture of semiconductor chips for electronics, computers, smartphones, televisions, and solar-based productions. It is headquartered in San Diego Californi... Read the Full Story |
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Markets | | | Could global shippers, such as Star Bulk Carriers (NASDAQ: SBLK), be making a comeback?
In 2021, and then again as recently as six months ago, these stocks were market leaders, with names including Matson (NYSE: MATX), ZIM Integrated Shipping Services (NYSE: ZIM) and Danaos (NYSE: DAC).
Dry ... Read the Full Story |
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Politics | | | With more of a whisper than a resounding clang, Greece has shed another restriction dating to its painful financial bailout years.
Saturday's formal end of “enhanced surveillance” by European Union creditors means the country will no longer face quarterly scrutiny of its public financ... 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.
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Politics | | | Martin Kopf needs natural gas to run his family's company, Zinkpower GmbH, which rustproofs steel components in western Germany.
Zinkpower's facility outside Bonn uses gas to keep 600 tons of zinc worth 2.5 million euros ($2.5 million) in a molten state every day. The metal will harde... Read the Full Story |
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Politics | | | China says it will try to protect its grain harvest from record-setting drought by using chemicals to generate rain, while factories in the southwest waited Sunday to see whether they would be shut down for another week due to shortages of water to generate hydropower.
The hottest, dr... Read the Full Story |
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Politics | | | New filings in a civil suit allege that a former Miami congressman who signed a $50 million consulting contract with Venezuela’s socialist government not only did no apparent work, but also channeled a large chunk of the money to a yacht company on behalf of a fugitive billionaire Read the Full Story |
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Politics | | | New filings in a civil suit allege that a former Miami congressman who signed a $50 million consulting contract with Venezuela’s socialist government not only did no apparent work, but also channeled a large chunk of the money to a yacht company on behalf of a fugitive billionaire Read the Full Story |
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Markets | | |
Apple (NASDAQ: AAPL) should see a better than forecasted third quarter as some of the issues that were weighing down on earnings start to go away. The previous couple of quarters have been plagued by issues such as war and shutdowns which resulted in weaker than expected earnings.
The company is ... Read the Full Story |
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Monday's Early Bird Stock Of The Day Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising. The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, wireline voice, and wireless services, as well as solutions for medium-sized customers and larger enterprises; and small business connectivity services in the United Kingdom. The Media segment operates NBCUniversal's television and streaming business, including national and regional cable networks; the NBC and Telemundo broadcast networks and owned local broadcast television stations; and Peacock, a direct-to-consumer streaming services. It also operates international television networks comprising the Sky Sports networks, as well as other digital properties. The Studios segment operates NBCUniversal and Sky film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The company also offers a consolidated streaming platforms under the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania; and Xumo. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania. | | View Today's Stock Pick |
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