Good MorningEquity markets continue to wrestle with what the "new normal" means for stocks long term. With the rate on the 10-year treasury above 3.0%, it's all too easy to get S&P 500-beating yield with little to no risk. This is a headwind for stocks that may cap gains indefinitely regardless of their performance. This situation is unlikely to change without changing the inflation outlook, which remains hot. The CPI index cooled slightly compared to the previous month but not substantially.
Next week brings another hurdle for the markets. Not only is there a raft of economic data to include retail sales, housing data, and the index of leading indicators but Q1 results are due from the big retailers. The retailers have been struggling with shifting consumer habits, bloating inventory and a tepid outlook for growth; that is not expected to change.
Featured: 5 Stocks to Add to Your Portfolio Now (IPM) 
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The April 2023 Consumer Price Index (CPI) reading of 4.9% marked the 10th consecutive decline in the inflation rate and the lowest it has been in two years. This is good news on several fronts.
Cooling prices on groceries, gasoline and more are providing much needed relief for American households... Read the Full Story |
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Krispy Kreme Inc. (NASDAQ: DNUT) shares have posted a stunning rebound since hitting historic lows at the end of last year. Organic growth and outperformance bolstered by a solid restaurant rebound are reasons why and they may lead the stock even higher. The price action sets up another rally, but... Read the Full Story |
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Markets | | | Financial leaders of the Group of Seven advanced economies are focusing on ways to fortify ever more complicated financial systems and supply chains during meetings in Japan ahead of a summit next week Read the Full Story |
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Markets | | | Another seemingly listless week on Wall Street came to a quiet close on Wall Street Friday, but big worries continue to roil under the surface. The S&P 500 dipped 6.54 points, or 0.2%, to 4,124.08 to cap a sixth straight week where it moved by less than 1%. The Dow Jones Industrial Average slipp... Read the Full Story |
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Markets | | | Japanese technology investor SoftBank Group reported Thursday a loss of 970 billion yen ($7 billion) for the fiscal year that just ended — the second year in a row of red ink.Tokyo-based SoftBank Group Corp. racked up a 1.7-trillion-yen ($13-billion) loss the previous fiscal year.The latest results ... Read the Full Story |
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From Our Partners🚨 [Strong Buy Alert] Is this laser stock in your portfolio? There are very few opportunities like this in today's bear market... But our analysts identified a tiny defense company landing billions of dollars in contracts every year. | | | | Get the name of the company here >>> |
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Markets | | | The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. The decision on Thursday by the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5% was widely anticipated in financial markets Read the Full Story |
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Shares of The Walt Disney Company (NYSE: DIS) shed more than 5% following the Q2 earnings release, but this may not be the time to sell. The stock is trading at historically low levels, suggesting the valuation is at rock bottom, just as signs of margin improvement appear in the streaming business... Read the Full Story |
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Wynn Resorts Ltd. (NASDAQ: WYNN) isn’t as flashy as other casino names, but don't write it off. It has been quietly working to improve its operations, invest in new properties and position for growth, and those efforts are paying off. The first quarter (Q1) results were mixed relative to the... Read the Full Story |
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Markets | | | The U.K. economy grew sluggishly during the first three months of the year as double-digit inflation curbed consumer spending and labor unrest curtailed output in industries ranging from transportation to healthcare and education Read the Full Story |
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As the Chinese economy faces a tipping point, the People's Bank Of China (PBOC) is faced with the choice of increasing credit and cheap liquidity via lowering rates or possibly facing deflationary environments. Throughout history, most, if not all, governments have chosen to print money, lower int... Read the Full Story |
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Friday's Early Bird Stock Of The Day Pulse Biosciences, Inc. operates as a novel bioelectric medicine company. The company offers CellFX System, a tunable, software-enabled, and console-based platform that delivers nano second duration pulses of electrical energy to non-thermally clear targeted cells while sparing adjacent non-cellular tissue to treat a various medical condition by using its Nano-Pulse Stimulation technology. The company was formerly known as Electroblate, Inc. and changed its name to Pulse Biosciences, Inc. in December 2015. Pulse Biosciences, Inc. was incorporated in 2014 and is headquartered in Hayward, California. | | View Today's Stock Pick |
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