World stock markets mixed ahead of US jobs data. 3 Hotel Stocks to Consider Checking into After Earnings . BJ’s Wholesale Club Stock Has More Room to Grow .
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The Early Bird Newsletter
The Early Bird Newsletter

Friday, August 5th

Good Morning

The rally on Wall Street hit another roadblock on Thursday despite better-than-expected economic data. The data included ISM services and factory orders which both came in better than expected. The news sent the S&P 500 up in early trading but resistance capped the gains at the key 4,150 level. If the market can not get above this level soon another round of selling could follow and there is a catalyst due out on Friday.

The NFP report is expected to show a slowdown in hiring that is also foreshadowed by the jobless claims data. The number of initial and total claims for unemployment continues to rise and suggests a topping in the labor markets. Topping in the labor market is good news for inflation but bad news for the economy because it will undercut consumer spending growth and weigh on the outlook for economic activity and corporate earnings.

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Markets

World stock markets mixed ahead of US jobs data

Global stock markets and Wall Street futures are mixed ahead of an update on the health of the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation

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Stocks

3 Hotel Stocks to Consider Checking into After Earnings

Although not back to pre-pandemic levels, occupancy rates at many hotel chains are recovering. That’s the conclusion of Smith Travel Accommodations Research (STR). In the same survey, the research firm concluded that RevPAR (revenue per available room) and ADR (average daily rate) are also o...

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Markets

BJ’s Wholesale Club Stock Has More Room to Grow

Membership warehouse club operator BJ’s Wholesale Club Holdings (NYSE: BJ) stock is one of the rare stocks actually trading up 3% for 2022. Rising inflation and fuels prices have driven the consumers to warehouse clubs away from traditional retailers as households tighten their budgets. BJ&r...

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From Our Partners

US Dollar Replaced By "Biden Bucks"?

A former advisor to the CIA and Pentagon now believes President Biden plans to retire the US dollar we know.

And replace it with what he calls 'Biden Bucks'. It is underway.

See what Biden signed in Executive Order 14067

Markets

Is It Time to Take a Ride on Cedar Fair Stock?

It hasn’t been an incredibly fun year for investors in Cedar Fair (NYSE: FUN) stock. The company’s share price is down 19.5% for the year. And that loss is even worse for investors who entered a position when the stock was at its 52-week high in mid-February.   But after the amus...

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Markets

Can FuelCell Energy Surge Higher This Year?

FuelCell Energy (NASDAQ: FCEL) along with other stocks in the industrial sector was sold off recently following the news that the US senate would not sponsor a package that would introduce new spending to tackle climate change. Since then, the stock is currently up 2.34%, so some investors have wo...

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Politics

India raises interest rate to 5.4%, in 3rd hike since May

India’s central bank on Friday raised its key interest rate by 50 basis points to 5.4% in its third such hike since May as it focuses on containing inflation. Reserve Bank of India Governor Shaktikanta Das projected inflation at 6.7% in this financial year. June was the sixth consecut...

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Tech

News reports: Musk countersuit accuses Twitter of fraud

Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base

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Politics

EXPLAINER: Why is insulin so expensive and difficult to cap?

Reining in the soaring prices of insulin has thus far been elusive in Congress, although Democrats say they'll try again — as part of their economic package that focuses on health and climate. The price of the 100-year-old drug has more than tripled in the last two decades, forcing th...

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Politics

Pacific rim economies in doldrums, sapped by inflation, war

Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic. A report on Pacific Rim economies by the Asia Pacific Economic Cooperation forum said Fr...

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Stocks

How Does Freeport McMoran Inc Compare to Its Sector Competitors?

MarketBeat reported that Freeport McMoran Inc (NYSE: FCX) submitted its earnings card this week. The results were mixed, with the company's net income contracting $840M from $1083M last year. The company's EPS also shrank from 0.57 to 73 cents from the same quarter last year. On a positive note, c...

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The Early Bird Stock Of The Day

Friday: Stock With Insider Buying

Lexicon Pharmaceuticals, Inc.

Lexicon Pharmaceuticals, Inc.

Lexicon Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of pharmaceutical products. Its orally-delivered small molecule drug candidates under development comprise Sotagliflozin that completed Phase III clinical trials for the for the treatment of heart failure and type 1 diabetes; and LX9211, which is in Phase II clinical development for the treatment of neuropathic pain. The company has strategic collaboration and license agreements with Bristol-Myers Squibb Company, and Genentech, Inc. Lexicon Pharmaceuticals, Inc. was incorporated in 1995 and is headquartered in The Woodlands, Texas.

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