Good MorningThe rebound in equities hit a roadblock in the form of resistance at the 4,150 level last week and may have a hard time moving higher. The move was capped with a lackluster day on Friday that was sparked by hotter-than-expected employment numbers. The NFP report shows employment and wage gains both accelerated on a month-to-month basis and put added pressure on the Fed to hike rates.
This week's big news will be the CPI report on Wednesday. The report may show inflation coming down from the previous month but there is risk in that outlook. Not only was the PCE price index hotter than expected but indications from the bulk of S&P 500 companies is for systemic inflation to continue into the 4th quarter. Featured: Five Dividend Stocks to Buy Now (FREE INSIDE) (The Oxford Club) |
Markets | |
History shows that a recession is a needed pullback to make the markets pliable for new highs
The last three recessions occurred in the new millennium
Historically, recessions last an average of 17 months
The big R word is upon us. A recession is defined as two consecutive quarters of decli... Read the Full Story >> |
|
From Our PartnersNot sure what’s going to happen next in these markets? Look to history. In 2004-2006, we saw backbreaking inflation run rampant just like today. And what happened next? An historic bull market. The deck is stacking again for another bull market - and it could dwarf the last one.
(**By clicking link you are subscribing to The American Wealth Investing Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | Go HERE to learn how to make out like a bandit in |
|
Markets | | Asian stocks were mixed Monday after strong U.S. jobs data cleared the way for more interest rate hikes and Chinese exports rose by double digits.
Shanghai and Tokyo advanced while Hong Kong and Seoul retreated. Oil prices edged higher.
Wall Street's benchmark S&P 5... Read the Full Story >> |
|
Markets | | Global stocks gained Monday after strong U.S. jobs data cleared the way for more interest rate hikes and Chinese exports rose by double digits.
London, Shanghai, Tokyo and Frankfurt advanced. Hong Kong retreated. Oil prices edged higher.
Wall Street's benchmark S&P ... Read the Full Story >> |
|
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 |
|
Markets | |
Global aluminum and materials products maker Alcoa stock has fallen (-19%) for 2022
Shares spiked last year on optimism for the infrastructure bill, which turned out to be a sell-the-news event.
EVs require more aluminum than regular cars and the EV market is expected to grow at a 23.5% ... Read the Full Story >> |
|
Markets | |
Digital lodging platform Airbnb stock has fallen (-30%) on the year
Airbnb raised its fiscal Q3 revenue guidance in anticipation of hitting all-time high quarterly revenues
Prudent investors can use the reset to look for opportunistic pullbacks
Digital lodging platform Airbnb (NASDAQ: ABNB)... Read the Full Story >> |
|
From Our PartnersI thought you'd be interested in this report from Behind the Markets.
Ukraine isn't the real problem - Taiwan is. | Learn More Here. |
|
Stocks | | A day after reporting better-than-expected second-quarter results, ConocoPhillips (NYSE: COP) rallied more than 3%, outpacing the S&P 500, which declined in the session. Other big integrated oil-and-gas companies, such as BP (NYSE: BP) also posted gains.
The Houston-based company, which i... Read the Full Story >> |
|
Markets | | Cronos Group (NASDAQ: CRON) had an eventful Q1. The company's revenues surged 25.05M, or up 98.5% YoY. Other fundamentals for the stock were also clearly in the green, with net income up 79.77% and diluted EPS up 79.55%. The company's strong prior performance could be an indication that it will keep... Read the Full Story >> |
|
Politics | | Hungary accused Ryanair of consumer protection violations and fined it more than three-quarters of a million euros after the budget carrier raised ticket prices to cope with a tax on what the government calls “extra profits" of industries ranging from airlines to banks.
Justice Minist... Read the Full Story >> |
|
Tech | | Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates.
SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profi... Read the Full Story >> |
|
Politics | | An aggressive push toward renewable energy has run headlong into anxiety over keeping the lights on in California, where the largest utility is considering whether to try to extend the lifespan of the state’s last operating nuclear power plant.
California is the birthplace of the mode... Read the Full Story >> |
|
Monday's Early Bird Stock Of The Day Match Group, Inc. engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide. The company was incorporated in 1986 and is based in Dallas, Texas. | View Today's Stock Pick |
|