Good MorningEquity markets held steady at near-term highs for a second day despite signs of weakening in the economy. The little-watched JOLTs report, a measure of job availability within the economy, contracted in June by the second fasted pace on record and to the lowest level in nearly a year as businesses reel in their spending plans. The news is only the latest in a string of reports that suggests peaking within the economy and the onset of lingering stagnation, if not deepening, recession. Later this week, a report from the ISM and the Non-Farm Payrolls figure could move the market as well.
The market is expecting job gains to slow on a month-to-month basis, and the figure could come in weaker than expected, which might be good news in the long run. A slowdown in hiring could help ease inflationary pressures in wages and consumer spending and get the economy back on the right track. If not, the JOLTs report could be the first signal of a worsening economic crisis caused by rampant inflation. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Discretionary | |
Pioneering EV manufacturer Tesla (NASDAQ: TSLA) is leading the entire EV market higher and into a potential reversal that could take it and its peers into the new all-time high territory. Stocks from Rivian (NASDAQ: RIVN) and Workhorse Group (NASDAQ: WKHS) to Nikola (NASDAQ: NKLA), Nio (NYSE: NIO)... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
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Markets | |
Nike (NYSE: NIKE) has been put on the watchlist of many investors following its sell-off. The company is currently down -32.94% YTD and significantly trails behind the S&P 500 at a -14.16% decline. Investors are watching this stock closely due to its performance significantly beating the S&... Read the Full Story |
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Consumer Discretionary | |
Automobile retailer AutoNation (NYSE: AN) stock is trading up 4.1% for 2022 in the 2022 bear market. The auto retailer saw its quarterly profits hit all-time highs as it rose 34% for fiscal Q2 2022. The global chip shortage and supply chain constraints caused new vehicle sales to fall (-14%) but ... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
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Industrials | |
Caterpillar (NYSE: CAT) shares tanked following the Q2 earnings release, but the move may turn out to be an opportunity for investors. The stock is trading at the bottom of a range that has provided strong support in the past including sell-side support. Both the institutions and analysts are buyi... Read the Full Story |
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Technology | |
AMD (NASDAQ: AMD) reported second-quarter earnings on the 2nd of August 2022, with revenue surging by 70% y-o-y, but shares fell anyway in after-hours trading. The decline in the stock price can be attributed to management's forecasts for the third-quarter, where it expects revenue to come in slow... Read the Full Story |
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Industrials | |
FedEx (NYSE:FDX) could be a contender for a defensive stock pick as the economy cools down from continued interest rate hikes from the Federal Reserve. As a transportation and logistics company, FedEx supplies an essential service, delivering all manner of staples and required products people simp... Read the Full Story |
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Consumer Discretionary | |
The fast food behemoth McDonald's Corporation (NYSE: MCD) has seen excellent global comparable sales in Q2, an increase of nearly 10% and growth across all segments (the U.S. segment increased 3.7%, the International Operated Markets segment increased 13% and the International Developmental Licens... Read the Full Story |
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Healthcare | |
Through the end of July 2022, S&P 500 health care stocks have produced a 13.5% annualized return over the last three years. During the same period, the broader S&P 500 index is up 11.5%.
Translation: the so-called defensive sector can outperform during extended market uptrends.
What ab... Read the Full Story |
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Consumer Discretionary | |
With a full two months of the quarter still to go, e-commerce giant Amazon (NASDAQ: AMZN) has firmly put itself on the list already of contenders for the top spot. The winner will be crowned at the end of September, but for now, it has a lot going for it that should be of interest to investors.
... Read the Full Story |
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Energy | |
Energy infrastructure like The Williams Companies (NYSE: WMB) and competitors such as Kinder Morgan (NYSE: KMI) and Enbridge (NYSE: ENB) are coming into focus now that energy prices have peaked. While the price of natural gas is expected to remain high, the driving force for the energy market will... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ameriprise Financial, Inc., together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor networks, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. This segment products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota. | | View Today's Stock Pick |
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