Good MorningEquity markets closed with a gain on Tuesday, but the advance was slim, and the takeaways bearish. The S&P 500 closed with a gain of 0.09% after trading in a tight range that confirms the presence of resistance at the 4,150 level. 4,150 has been a line the bulls can not cross since the middle of 2022, and nothing in the outlook says that will change now.
Some better-than-expected earnings reports and guidance are helping to lift the market, but it may be too little too late. Data in the form of housing starts and building permits suggests the economic contraction everyone expects is getting worse. The data show starts and permits fell more than expected compared to last month and are down 17% and 24%, respectively. Because permits are a leading indicator of starts, the start figure should be expected to decline further. Featured: Early Access: Tomorrow’s Pick Awaits (Ad) 
|
Stocks | | | Utility companies perform essential services -- from powering homes to providing clean water -- that rarely garner investor attention unless something goes wrong. Although these stocks might seem unexciting due to their modest growth prospects, they offer notable benefits for risk-averse investors s... Read the Full Story |
|
From Our Partners | | Gold just broke through $3,300…
And while the headlines shout about price targets, something even more powerful is happening behind the scenes…
Some investors are using a little-known ETF to collect up to $1,152/month from gold's surge.
No trading gold futures. No mining stocks. No vaults.
Just a simple fund delivering monthly payouts — like clockwork. | | Click here to discover the income ETF behind it all. |
|
Markets | | |
Bank of America (NYSE: BAC) has blown past analysts' expectations on top-line and bottom-line earnings, leading to a 13% year-on-year net revenue growth and a respective 15% net income growth by the same measure; earnings per share were reported at 94 cents. The push in revenue came... Read the Full Story |
|
Markets | | | The fragmentation of the world economy into rival blocs led by the United States and China threatens to destabilize global commerce, increase inflation and weaken growth, Christine Lagarde, the president of the European Central Bank, warned Monday Read the Full Story |
|
From Our Partners | | A little-known Title 15 provision could let you collect instant payouts — $100 to $1,000 — directly from your smartphone.
You don’t need to trade stocks or own assets. Jeff Clark has used this strategy for years with elite clients, and now he’s revealing it in a short video for everyday Americans. | | Watch how to collect your first payout here |
|
Markets | | | Netflix began the year with another burst in subscriber growth that eclipsed analysts’ projections for the third consecutive quarter, providing further evidence the video streaming service has regained its momentum after a jarring downturn in customers prompted a shake up.The 1.75 million gain in Ne... Read the Full Story |
|
Markets | | |
Gamida Cell Ltd. (NASDAQ: GMDA) is an Israeli-based developmental biotechnology company specializing in discovering and advancing cell therapies to fight blood cancer and other illnesses. The stock traded as high as $15.40 in 2018 when it went public and sank to a low of $2.60 by March 2020. The s... Read the Full Story |
|
From Our Partners | | Elon’s Final Surprise for DC
While the media covers the feud between Elon Musk and President Trump, few know about the plans he set in motion before he left Washington. It’s something that could reshape how our government and economy operate for the next century. More importantly, it may unlock a rare opportunity to build serious wealth… for those who act fast. A major update to the story is expected by July 22nd at the latest so the time to move your money is running out. | | Click here for the full story. |
|
Markets | | |
Proposed changes to California’s net-metering rules have cut the share prices for companies like Sunrun (NASDAQ: SUN) and Enphase (NASDAQ: ENPH), but analysts still see a bright future. Net-metering, the ability to sell unused power back to the grid, is critical in selling solar to the masse... Read the Full Story |
|
Markets | | | Spain’s leftist coalition government on Tuesday approved a plan to make available around 50,000 houses for rent at affordable prices as part of measures aimed at curbing soaring rents and house prices. The apartments will come from the state-controlled SAREB “bad bank” that was set up in 2012 to man... Read the Full Story |
|
Markets | | | Bank of America said its profits grew 15% last quarter, the latest of the big banks to do exceptionally well this earnings season as investors and consumers flock to Wall Street for safety after the failure of Silicon Valley Bank and Signature Bank Read the Full Story |
|
Markets | | | The job of chief White House economist is typically a wonky, low-profile one, with its occupant mainly tasked with producing analyses and poring over charts and graphs. But President Joe Biden's next pick to lead the Council of Economic Advisers is bracing for a barrage of political attacks centered... Read the Full Story |
|
Markets | | |
J.B. Hunt (NASDAQ: JBHT) didn’t have a horrible quarter, but it did miss the consensus estimates on a combination of factors, which is terrible news for the broad economy. The combination of higher prices and rising interest rates produced a larger-than-expected decline in demand that impact... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools. The company's Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, tractors, mining trucks, wheel loaders, off-highway and articulated trucks, wheel tractor scrapers and dozers, fleet management products, landfill and soil compactors, machinery components, autonomous ready vehicles and solutions, work tools, and safety services and mining performance solutions, as well as related parts and services. Its Energy & Transportation segment offers reciprocating engine powered generator sets; reciprocating engines, drivetrain, and integrated systems and solutions; turbines, centrifugal gas compressors, and related services; and diesel-electric locomotives and components, and other rail-related products. The company's Financial Products segment provides operating and finance leases, installment sale contracts, revolving charge accounts, repair/rebuild financing services, working capital loans, and wholesale financing; and insurance and risk management products and services. Its All Other Operating segment offers filters and fluids, undercarriage, ground engaging tools, fluid transfer products, precision seals, and rubber sealing and connecting components; parts distribution; logistics solutions and distribution services; brand management and marketing strategy services; and digital investments services. Caterpillar Inc. was founded in 1925 and is headquartered in Irving, Texas. | | View Today's Stock Pick |
|
