Good MorningEquity markets gave up their Monday gains and more on Tuesday following mixed news from the housing sector. The latest data on new home starts and permits showed a surprisingly large increase in starts coupled with a larger than expected decline in permits. The news suggests buyers with contracts are in a hurry to front-run interest rates while those earlier in the home-building process are leaving the market. The takeaway is that FOMC interest rate hikes are having an effect on the economy albeit with a lagging effect on inflation.
The FOMC is expected to hike rates by another historic 75 basis points on Wednesday and could spook the market with its statement. The latest inflation data was far from good and suggests consumer level inflation is still accelerating so a hawkish tone should be expected. Regardless, net activity is slowing on a global basis and bringing the world economy closer to recession. Featured: 4 Top Stocks for a Bear Market (PTR) 
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Politics | | | Stocks finished broadly lower Tuesday as Wall Street, increasingly anxious about the slowing economy, looks ahead to a widely expected interest rate hike by the Federal Reserve in its bid to squash the highest inflation in decades.
The S&P 500 index fell 1.1%, as more than 90% of ... Read the Full Story |
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Politics | | | Stocks finished broadly lower Tuesday as Wall Street, increasingly anxious about the slowing economy, looks ahead to a widely expected interest rate hike by the Federal Reserve in its bid to squash the highest inflation in decades.
The S&P 500 index fell 1.1%, as more than 90% of ... Read the Full Story |
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Markets | | |
AMD (NASDAQ: AMD) stock has declined for the past year, on fears that the semiconductor market is heading for a glut, mainly as fears of a global slowdown weigh on sentiment, after this years of shortages. In addition to the potential glut, that is expected to come in 2023, AMD is now witnessing t... Read the Full Story |
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From Our PartnersOne of the most talked-about stocks of 2022 is set to take off any day. You can grab shares for less than $5... But likely not for long. | | Full story HERE. |
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Markets | | | To say streaming platform and hardware provider Roku (NASDAQ: ROKU) stock is having a bad year down (69%) would be an understatement. The Company went from six consecutive quarters of triple-digit growth and record profits to mounting losses and slowing growth in dramatic fashion as its shares peake... Read the Full Story |
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Stocks | | |
Southwest’s revenues are getting better thanks to pent-up travel demand
American Airlines regional subsidiaries announced a 50% pay hike for pilots
Delta Air Lines, Inc. returned to profitability in the June quarter
Have you ever been stuck on the runway while a mechanical issue is r... Read the Full Story |
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From Our PartnersWhile Americans are worried about inflation, they are about to be blindsided by another crisis. This disaster is a direct result of the war in Ukraine and could have dire consequences for average Americans. According to a #1 ranked economist, this crisis could put millions on the brink of starvation... | | Click here now to see America's next crisis. |
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Markets | | |
Ford reiterated its full-year earnings guidance
Ford expects to have about 40,000 to 45,000 vehicles in inventory at the end of the third quarter
Ford's current rating is “hold,” with a price target of $18.28
Ford (NYSE: F) crashed big on Tuesday, dropping more than 12% in tripl... Read the Full Story |
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Markets | | |
The fine dining segment tends to hold up margins better than fast-casual restaurants
Ruth’s raised menu prices by 7%, which helped to improve margins
Shares are trading well below its average 17X forward earnings at 12X
Premium steak house operator Ruths Hospitality Group (NASDAQ: RUT... Read the Full Story |
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Politics | | | The separatist leaders of four Russian-controlled areas of Ukraine say they are planning to hold referendums this week for the territories to become part of Russia as Moscow loses ground in the war it launched Read the Full Story |
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Politics | | | Walmart and CVS Pharmacy have settled with the state of West Virginia for a combined total of $147 million in a lawsuit over the companies' roles in contributing to the oversupply of prescription drugs that fueled the opioid epidemic in the country's most impacted state, Attorney General Patrick Mor... Read the Full Story |
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Markets | | | A top executive at plant-based food company Beyond Meat has been charged with felony battery after a fight outside a college football game in which he was accused of biting a man’s nose.
Doug Ramsey was also charged with making a terroristic threat after the attack Saturday in a parki... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin. | | View Today's Stock Pick |
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