Good MorningEquity markets started a holiday-shortened week on a cautious note. The S&P 500 fell 0.40% at the close of the session following a stronger-than-expected ISM Services Figure. The ISM came in not only better than expected but it advanced from the previous month suggesting economic activity accelerated in the services sector. The takeaway from the report, however, is that economic activity is strongly and inflationary and thereby supports the idea of aggressive FOMC interest rate actions. In regard to the outlook for interest rate hikes; the CMEs FedWath Tool strengthened to show a 75% chance for a 75 basis point hike at the next meeting in two weeks.
The remainder of the week could be iffy for the market due to a lack of news on both the economic and earnings front. This is a bad situation for an edgy market and could lead to increased volatility if not an outright selloff. As it is, the S&P 500 is poised for another drop and could easily retest the 3,660 level by the end of the month. Featured: Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Legacy Research) 
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When the market suffers a downturn, it can be a good time to bunker down with low beta stocks. Why is that?
By definition, stocks that are less sensitive to big market swings fare better in bear markets. The reverse is true in bull markets when low beta names tend to lag market returns.&nbs... Read the Full Story |
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From Our PartnersWe all know the mainstream media will say anything for more viewers and clicks...
But folks who are distracted by this kind of propaganda are about to be left behind.
According to renowned economist Nomi Prins, we’re about to see a crisis… | | | | Click here to see Nomi’s newest prediction |
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Markets | | | Bed Bath & Beyond has named Chief Accounting Officer Laura Crossen as interim chief financial officer to replace Gustavo Arnal, whose death late last week adds to a cloud of financial uncertainty for the company and further complicates its plans for a turnaround Read the Full Story |
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Politics | | | Liz Truss became U.K. prime minister on Tuesday and immediately confronted the enormous task ahead of her amid increasing pressure to curb soaring prices, ease labor unrest and fix a health care system burdened by long waiting lists and staff shortages.
At the top of her inbox is the ... Read the Full Story |
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Stocks | | | Last September, the U.S. stock market was catching its breath from a seven-month winning streak to all-time highs. This time around, the market is just trying to catch a break.
Equities are still reeling from the Fed’s hawkish tone and renewed fears of a global economic slowdown. Yet there&rs... Read the Full Story |
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Markets | | |
Casual restaurant brand operator Brinker International (NYSE: BRK) stock is down (-31%) on the year. Brinker operates two popular casual restaurant brands Chili’s and Maggiano’s. Chili’s Bar & Grill is a casual diner with popular happy hour drink and appetizer specials. Maggi... Read the Full Story |
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Autozone (NYSE: AZO) is slated to report FQ4 earnings in mid-September and the price action is correcting ahead of the news. The stock is down more than 10% from the latest all-time high, which suggests that Autozone stock is setting up for a buying opportunity in light of the long-term uptrend in... Read the Full Story |
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Markets | | | With summer vacations winding down, airlines are counting on the return of more business travelers to keep their pandemic recovery going into the fall.
Air travel in the United States, bolstered by huge numbers of tourists, has nearly recovered to pre-pandemic levels — even topping 20... Read the Full Story |
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Markets | | | Bed Bath & Beyond has named its Chief Accounting Officer, Laura Crossen, as interim chief financial officer following the death of Gustavo Arnal.
The home goods retailer said in a regulatory filing that Crossen will continue as its principal accounting officer while serving in the... Read the Full Story |
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Markets | | | Online game creation and community ecosystem platform Roblox (NYSE: RBLX) stock has seen better days trading as high as $141.60 on the Metaverse hype before toppling to a low of $23.88 in June 2022. The concept of Roblox can be confusing to investors. Roblox is not a game, like Minecraft. It’s... Read the Full Story |
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Politics | | | CVS Health will pay about $8 billion to expand into home care, a practice that could cut costs and keep patients happy, provided they get the help they need.
The health care giant is buying Signify Health, a technology company that sends doctors or other care providers to patient home... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE Synergy; HPE Alletra, HPE GreenLake, Zerto, HPE InfoSight, and HPE CloudPhysics storage products; HPE Cray EX, HPE Cray XD, and converged edge systems; and HPE Superdome Flex, HPE Nonstop, and HPE Integrity products. It also provides HPE Aruba products that includes hardware products, such as Wi-Fi access points, switches, and gateways; HPE Aruba Networking software and services comprising cloud-based management, network management and access control, analytics and assurance, software-defined wide-area networking, network security, analytics and assurance, and location services software; and professional and support services, as well as as-a-service and consumption models. In addition, the company offers leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of various IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others; consultative-led services; HPE Ezmeral Container Platform; HPE Ezmeral Software Container Platform and HPE Ezmeral Software Data Fabric; OpsRamp; and Hewlett Packard Labs. It serves commercial and large enterprise groups, such as business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas. | | View Today's Stock Pick |
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