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: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Transportation | |
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 Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Consumer Discretionary | | 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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Auto/Tires/Trucks | |
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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Retail/Wholesale | |
As a Costco Wholesale Corporation (NASDAQ: COST) member, you may also want to consider investing in the popular warehouse club for dividends.
But what exactly are dividend stocks? Dividend stocks refer to a payment that a company gives to its shareholders, typically issued in cash payment form, ... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Technology | |
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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Technology | | Database and cloud solutions provider Oracle (NASDAQ: ORCL) stock got smoked on its fiscal Q1 2023 earnings report. Shares were holding up relatively well until the Company revealed the extent of damage from FX related headwinds. Up until 2022, FX headwinds didn’t really impact stocks too much... Read the Full Story |
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Auto/Tires/Trucks | |
Lucid is in a better financial position than most upstart EV players
The near-term headwinds should matter little in the long haul
Lucid noted that its liquidity position will keep it running well into 2023
Like most electric vehicle plays, Lucid Group, Inc. (NASDAQ: LCID) has had its shar... Read the Full Story |
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Consumer Staples | |
Hormel Foods Corporation (NYSE: HRL) , of SPAM, Dinty Moore stews and other canned lunch meat fame, is a good-sized Dividend King titan. The proof: Its 56-year track record of dividend increases. Let's put Hormel Foods Corporation under the microscope and take a look at the pros and cons of invest... Read the Full Story |
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Retail/Wholesale | |
McDonald’s continues to be able to deliver growth
McDonald’s goes about its business ringing up sales to value-minded eaters
McDonald’s has a steady history of quarterly dividend distributions
Just like you know what you’re getting when you order the number 5 value m... 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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