Good MorningEquity markets pulled back on Tuesday as investor confidence erodes. Persistent high inflation, high interest rates, and a lack of debt ceiling resolution have taken their toll, and markets are facing volatility until the issue is resolved. Additionally, there is growing concern discretionary spending will fall sharply this summer and lead to recession.
The next turning point for the market may be at hand. The S&P 500 is within a critical resistance zone with key inflation data due Friday. The PCE price index is expected to remain hot and keep the Fed on its current path.That is still the question to be answered and the market generally doesn't like uncertainty.
Featured: The single greatest medical breakthrough of all time? (Behind the Markets) 
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Are you hungry for a good investment? It might be time to learn how to invest in grocery stores. Most of us visit supermarkets and other grocery retailers weekly or even daily, so it's an industry we're all familiar with. These businesses can significantly grow your portfolio and take advantage of... Read the Full Story |
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From Our PartnersThis summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did. | | See Why AI Should Be On Every Smart Investor's Radar |
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Markets | | | Festus Nyoni picked out a few items in a supermarket in Zimbabwe’s capital, looked at the prices and knew she was in the wrong place.She abandoned her shopping cart and headed for a nearby street jammed with traders offering bargains in U.S. dollars. From the trunk of a car, she picked toiletries, r... Read the Full Story |
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Williams-Sonoma (NYSE: WSM) investors are celebrating a 2.3% rally in WSM stock today; the bullish reactions at the market open on Tuesday morning come after the company reported its first quarter 2023 earnings results. As the company outperforms competitors like RH (NYSE: RH) on bo... Read the Full Story |
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From Our PartnersThis summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did. | | | | See Why AI Should Be On Every Smart Investor's Radar |
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Markets | | | Asian stock markets slid Wednesday as the U.S. government crept closer to a potentially disruptive default on its debt.Tokyo's main market index lost more than 1%. Shanghai, Hong Kong and Seoul also declined. Wall Street's benchmark S&P 500 index fell 1.1% after Speaker Kevin McCarthy of the Hou... Read the Full Story |
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Markets | | | An image of black smoke billowing next to a bureaucratic-looking building spread across social media Monday morning, with the claim that it showed an explosion near the Pentagon. The posts sent a brief shiver through the stock market as they were quickly picked up by news outlets outside the U.S., b... Read the Full Story |
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From Our PartnersGet a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. | | Analyze Any Stock Free |
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It is no surprise if you are interested in Ladder Corporation (NYSE: LADR). The stock hit bottom earlier this year; it is in a new uptrend and pays a 9% yield. The question is, what is Ladder Corporation, and is it a good buy?
Ladder Corporation is a mortgage-focused REIT or real estate inv... Read the Full Story |
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PetMed Express (NASDAQ: PETS) has struggled for years but may have finally hit bottom. The company’s primary competitor, Chewy.com (NASDAQ: CHWY), dominates and takes market share. The good news is that pet trends remain positive and will help support the company as it completes its turnarou... Read the Full Story |
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Markets | | | Debt ceiling talks showed few signs of outward progress Tuesday as negotiators for President Joe Biden and House Speaker Kevin McCarthy traded more budget-cutting ideas but Republicans warned of a “lack of urgency” at the White House to resolve the standoff in time to avert a potentially chaotic fed... Read the Full Story |
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Microbot Medical Inc. (NASDAQ: MBOT) stock spiked more than 150% on a massive 194 million share volume on a successful pre-clinical animal study for its LIBERTY surgical robotic system. Shares hit a high of $4.37 intraday before closing at $3.19 on May 22, 2023. The company also announced a $1.4 m... Read the Full Story |
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Tech | | | As it marks its 25th anniversary Wednesday, the European Central Bank is readying a proposed design for a digital version of the euro, responding to pressure from developing technology that could change how money is used over the bank's next decades. ECB President Christine Lagarde says a digital eu... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans. In addition, it offers escrow and settlement services. The company provides its products and services through its main office in Cleveland, Ohio; and multiple full-service branches and loan production offices located throughout the states of Ohio and Florida. TFS Financial Corporation was founded in 1938 and is headquartered in Cleveland, Ohio. TFS Financial Corporation is a subsidiary of Third Federal Savings and Loan Association of Cleveland, MHC. | | View Today's Stock Pick |
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