Good MorningEquity markets could surge on Tuesday when the stock market reopens from the Memorial Day holiday. Powers in Washington, D.C., have struck a debt-ceiling deal and averted the risk of a US default. While good news, the real risk lies with inflation and interest rates, which are still rising. A rally in the stock market may be short-lived because of it, so investors should beware.
This weeks calendar brings another round of retail earnings and reports from AI-centric tech names like Ambarella. Ambarells is set to report earnings on Tuesday morning and could be the next AI stock to melt up. On the economic front, the monthly labor data is center stage and may move the markets on Friday. Job creation is important, but the bigger data may be the unemployment and wage inflation numbers. Featured: Presidential Bombshell: $150T Resource to Be Released as soon as this Summer? (Ad) 
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Some investors are blessed with the opportunity to participate in the growth and development of a business that genuinely carries the 'recession-proof' badge of honor. Unfortunately, recession concerns have recently increased the fear gauge in markets, with many beginning to withdraw from equities... Read the Full Story |
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Marvell Technology (NASDAQ: MRVL) started moving higher before the Q1 earnings were released because of results released by NVIDIA (NASDAQ: NVDA). NVIDIA’s results were down compared to last year but well above the consensus estimate and came with solid guidance. The guidance is mind-blowing... Read the Full Story |
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Markets | | | Britain's Treasury chief said he would be prepared to see the U.K. economy slip back into recession if further interest rate hikes are necessary to bring down inflation.With the Bank of England expected to keep raising rates following higher-than-anticipated inflation figures this week, Jeremy Hunt ... Read the Full Story |
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Markets | | | A Singapore court says Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money in a trust pilfered by a manager Read the Full Story |
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As Bed Bath & Beyond (NASDAQ: BBBY) goes through the painful and defeating process of declaring bankruptcy, investors who have a financial - and often emotional - vested interest in other similar companies are feeling the heat of what could happen when things go wrong. Big ... Read the Full Story |
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Stocks | | | Nevada lawmakers questioned whether a proposal to subsidize a new MLB stadium with tax credits and bonds would further jolt Las Vegas’ economy, or serve as a handout for a big business that could strain government resources Read the Full Story |
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Markets | | | Asian shares were mixed in directionless trading Tuesday following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy. Japan's benchmark Nikkei 225 lost 0.4% in morning trading to 31,119.27. Australia's S&P/ASX 200 was little changed, inchi... Read the Full Story |
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The PCE price index came hotter than expected and will profoundly impact the market. The index accelerated at the core and headline levels and on a month-to-month and YOY basis which can lead to only 1 thing: higher interest rates. The FOMC indicated a pause was possible at the last meeting but no... Read the Full Story |
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Markets | | | A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April. That was much higher than the 0.1% rise the prev... Read the Full Story |
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Elevation Oncology (NASDAQ: ELEV) is a biotech company that focuses on discovering and developing cancer therapies. The company aims to treat patients with various solid tumors with significant unmet medical needs. Elevation states on its website: "We have a passion for identifying true precision ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Zimmer Biomet Holdings, Inc., together with its subsidiaries, operates as a medical technology company worldwide. The company designs, manufactures, and markets orthopedic reconstructive products, such as knee and hip products; S.E.T. products, including sports medicine, biologics, foot and ankle, extremities, and trauma products; craniomaxillofacial and thoracic products comprising face and skull reconstruction products, as well as products that fixate and stabilize the bones of the chest to facilitate healing or reconstruction after open heart surgery, trauma, or for deformities of the chest. It also offers robotic, surgical, and bone cement products. The company's products and solutions are used to treat patients suffering from disorders of, or injuries to, bones, joints, or supporting soft tissues. It serves orthopedic surgeons, neurosurgeons, hospitals, stocking distributors, healthcare dealers, and other specialists, as well as agents, healthcare purchasing organizations, or buying groups. The company was formerly known as Zimmer Holdings, Inc. and changed its name to Zimmer Biomet Holdings, Inc. in June 2015. Zimmer Biomet Holdings, Inc. was founded in 1927 and is headquartered in Warsaw, Indiana. | | View Today's Stock Pick |
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