Good MorningEquity markets advanced on Monday in hopes that the CPI data will confirm the cooling of inflation. The risk for investors is that it will come in hotter than expected and prove the FOMC right to sound so hawkish. Even if the CPI comes in as-expected, it calls for a 5.4% increase in core consumer inflation versus last year, which is no reason to think the FOMC will back off its policy stance soon.
The most significant risk for the market, as always, is the earnings outlook. The S&P 500 earnings growth outlook continues to deteriorate and may soon turn negative for the year. In this scenario, US businesses are already in an earnings recession, which could linger until the end of the year. The good news is that this year's decline will set the market up for a return to growth in 2024, but that assumes the FOMC will start lowering rates by then. Featured: INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off (Ad) 
|
Markets | | |
At his State of the Union address, US President Joe Biden promoted the Junk Fees Prevention Act (JFPA) to eliminate "junk fees". The act introduced in October of 2022 was initially aimed at the airline industry. The scope has expanded to include various industries, including credit cards, banking,... Read the Full Story |
|
From Our Partners | | We’ve got seven great summertime plays for you. These stocks are in a prime position to reward your portfolio… especially if you take action before summer is in full swing!
They cover summer-centric industries such as solar, home improvement, entertainment, travel, and more.
To keep you motivated during these summer months, we’d like to give you a FREE report revealing these companies – 7 Best Stocks to Own in Summer 2025. | | Get Your Copy of "7 Best Stocks to Own in Summer 2025" Here. |
|
Stocks | | | Wall Street closed higher as traders made their final moves in anticipation of a report that could show whether inflation is cooling in the right way or setting the market up for worse pain. The S&P 500 rose 1.1% Monday. A report on Tuesday will show how bad inflation was at the consumer level i... Read the Full Story |
|
Stocks | | | The toughest week for Wall Street in nearly two months came to a quiet end on Friday, as stock indexes drifted to a mixed finish.
The S&P 500 rose 0.2%, but it still ended the week with a drop of 1.1%, which was its worst since December. The Dow Jones Industrial Average gained 16... Read the Full Story |
|
|
Stocks | | | Stocks drifted to a mostly higher close on Wall Street but still closed out their worst week since December. The S&P 500 rose 0.2% Friday. Weakness in tech stocks pulled the Nasdaq composite down 0.6% while the Dow closed 0.5% higher. Energy companies rose with the price of crude oil. Stocks hav... Read the Full Story |
|
Stocks | | |
With the U.S. economy teetering towards a recession, Wall Street’s estimates for corporate earnings have been trending lower. On the bright side, this could create more opportunities for traders to gain on positive earnings surprises.
For the mid-cap S&P 400 index, analysts are projecti... Read the Full Story |
|
From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
|
Markets | | |
As if a beat on its EPS and revenue estimates wasn’t enough in last week’s earnings report, Ralph Lauren Corp (NYSE: RL) got another feather in its cap. As the bell rang to start yesterday’s trading, the team at Bank of America upgraded their rating on Ralph Lauren stock, moving ... Read the Full Story |
|
Markets | | |
Chegg (NYSE: CHGG) has helped college students ace their courses for several years, often with little to no actual work. Chegg's massive homework and exam answers database has become indispensable for many students who have grown accustomed to doing little homework.
But the hype around ChatGPT an... Read the Full Story |
|
Markets | | | Global shares mostly rose Tuesday, boosted by a rally on Wall Street, as investors waited for U.S. consumer price data due out later in the day.
France's CAC 40 added nearly 0.1% in early trading to 7,214.85, while Germany's DAX also rose less than 0.1%, to 15,400.76. Britain's FTSE ... Read the Full Story |
|
Markets | | | An economist was nominated Tuesday to head Japan's central bank and take on the daunting task of guiding the world's third-largest economy to stronger, stable growth.
The government's choice of Kazuo Ueda, who earlier served on the central bank's policy board, to succeed Haruhiko Kur... Read the Full Story |
|
Markets | | |
Late last year, shares of Life Storage, Inc. (NYSE: LSI) slipped below $100, culminating a rough year for self-storage real estate investment trusts (REITs).
A nightmare scenario of soaring apartment rents and rising mortgage rates kept more Americans in their homes — and demand for s... Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2023, it owned and operated 10,791 tractors, 31,233 linehaul trailers, and 15,181 pickup and delivery trailers; 46 fleet maintenance centers; and 257 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina. | | View Today's Stock Pick |
|
