Good MorningThe selloff in equity markets took a pause on Wednesday but investors are still cautious ahead of the Q2 GDP revision and PCE price index which is due out on Friday. The revision to the GDP is expected to be an improvement but that could be overly optimistic given the decline in the Index of Leading Indicators. The Index of Leading Indicators declined for the 4th consecutive month suggesting economic contraction continued into the 3rd quarter as well.
The news of the week will be the PCE price index, however, when it is released on Friday. The economists are expecting the pace of consumer level inflation to abate but there is risk in the outlook. Even so, the annualized pace of inflation is expected to remain high, near record levels, and well above the FOMC's target rate of 2.0%. In this scenario, it will take a much-better-than-expected figure to take interest rate hikes off the table and that is unlikely to happen. Investors should be prepared for at least a 50 basis point rate hike at the next FOMC meeting. Featured: Why you're losing money on Bitcoin right now (Behind the Markets) 
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Markets | | | Unlike its cars, Tesla shares are about to get less expensive.
Tesla is splitting its stock 3 for 1, so after the close of trading Wednesday, investors will receive two additional Tesla shares for every one they owned as of Aug. 17. In theory, that should drop Tesla’s share price by ... Read the Full Story |
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From Our PartnersThere's still plenty of upside ahead for gold stocks.
Goldman Sachs says gold could run to $2,500 by the end of the year-especially with fears of a potential recession. And, according to Jeff Currie, Goldman Sachs global head of commodities research, as quoted by Bloomberg, "It's a perfect storm for gold right now."
So, where should we invest? Try these. | | Click Here to Download the FREE Report |
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Stocks | | | Cloud-based payroll and human resources management specialist Paylocity (NASDAQ: PCTY) has lost ground in recent sessions, although it’s still far from closing the gap from a price jump following its earnings report.
Paylocity offers a suite of products to simplify payroll, automate pro... Read the Full Story |
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Markets | | |
Zoom Video Communications (NASDAQ: ZM) share price zoomed into the stratosphere when the pandemic gripped the world but those days are long over. Now, after correcting about 85% from the post-pandemic peak, the stock is finally back down at a level that looks attractive. The Q2 report was a mixed ... Read the Full Story |
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From Our PartnersThere aren’t too many “safe” places to put your money in this market… but this one industry comes close. Demand is still high. Companies are still flush with cash. And the market is actually showing signs that it’s ready to rally already. Best of all, our favorite pick is a penny stock!
(**By clicking link you are subscribing to The Investing Council Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | | Go HERE to load up on these shares today |
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Markets | | | While larger medical device makers such as Medtronic (NYSE: MDT) and Intuitive Surgical (NASDAQ: ISRG) are struggling to gain traction, mid-cap Shockwave Medical (NASDAQ: SWAV) has bolted 40% higher since its second-quarter earnings report on August 8.
The company specializes in products to t... Read the Full Story |
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Stocks | | |
NVIDIA’s (NASDAQ: NVDA) 2nd quarter results reveal a growing bifurcation within the microchip industry (NASDAQ: SOXX). On the one hand, data center demand is supporting growth while on the other, weaknesses in PCs and gaming are sapping the company’s strength. In this light, NVIDIA&rsq... Read the Full Story |
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From Our PartnersOnly invest in defense contractors that have actual defense contracts.
This way, you know the technology is solid and they've been properly vetted to provide cutting-edge technology to the military.
This company has won government contracts and is our #1 pick. | | Click here |
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Markets | | | Domestic casino and gaming operator PENN Entertainment (NASDAQ: PENN) stock has changed its name to reflect the nature of its gaming businesses. The stock is trading down (-32%) for the year, but the Company has been profitable throughout the pandemic whiles it’s competitors like Las Vegas San... Read the Full Story |
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Tech | | | Peloton’s high-end exercise bikes and other gear will now be able to be bought on Amazon in the U.S. It's a partnership aimed at boosting the fitness company’s sales that have languished since the easing of pandemic lockdowns Read the Full Story |
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Politics | | | The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic Read the Full Story |
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Politics | | | A company seeking to mine in Georgia near the edge of the Okefenokee Swamp's vast wildlife refuge said Monday that its project is back on track after a federal agency reversed a June decision that had posed a big setback.
Twin Pines Minerals said the Army Corps of Engineers has agreed... Read the Full Story |
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Politics | | | Russia's invasion of Ukraine has already killed some 9,000 Ukrainian soldiers since it began nearly six months ago, a general said, and the fighting Monday showed no signs that the war is abating.
At a veteran's event, Ukraine’s military chief, Gen. Valerii Zaluzhnyi, said many of Ukr... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Mawson Infrastructure Group Inc. develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities. The company is based in Midland, Pennsylvania. | | View Today's Stock Pick |
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