Good MorningEquity markets were able to advance on Friday after a week of consolidation. The S&P 500 moved up through the 4300 level to set a new 12-month high and it may keep going higher. However, the move is not driven by any fundamental factor that can be pinned down, so the bottom could fall out of the market at any time. This week's risk is multi-faceted and could be the difference between a summer rally and a quick reversal.
Topping the list of market-moving events is the FOMC meeting. The FOMC is not expected to hike rates but may surprise the market with its statement. The CPI is another market-moving event, and it comes out ahead of the FOMC announcement. whatever the market thinks will happen at the meeting could change, given the CPI news. After that, it's the retail sales figure which is due out on Thursday. Retail sales are expected to rise YOY but not enough to offset inflation; the takeaway is that demand is in decline only we're paying more for what we get. Featured: "Chilling War Games Show US Forces Crushed" – FOX NEWS (Behind the Markets) 
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We will unveil the mysteries behind mutual funds, a popular choice among seas... Read the Full Story |
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Tax software may not be the most glamorous business; as of today, no company in that industry has launched a virtual reality headset. However, if you’re scouting for a company with solid double-digit revenue growth that’s being snapped up by institutional investors, then Vertex Inc. (N... Read the Full Story |
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Stocks | | | Stocks inched higher Friday to close out a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1%, to 4,298.86 to cap its fourth straight winning week. The Dow Jones Industrial Average added 43.17, or 0.1%, to 3... Read the Full Story |
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Markets | | | North Korea has tolerated the widespread use of more stable foreign currencies like U.S. dollars and the Chinese yuan since a bungled revaluation of the won in 2009 triggered runway inflation and public unrest Read the Full Story |
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After surging more than 1000% and giving up every bit of the gains, the shares of FuelCell Energy (NASDAQ: FCEL) are back to a realistic valuation. The stock is trading even with the pre-boom price point of $2.30, which makes it an attractive buy, given its progress over the past 2 years. The comp... Read the Full Story |
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Markets | | | Nasdaq is buying Adenza, a company that makes software used on Wall Street, for $10.5 billion in cash and stock.The acquisition from owner Thoma Bravo, an investment company, includes $5.75 billion in cash and 85.6 million shares of Nasdaq common stock.Nasdaq CEO Adena Friedman has been pushing the ... Read the Full Story |
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Markets | | | Turkish President Recep Tayyip Erdogan won reelection last month despite a battered economy and a cost-of-living crisis that experts say are exacerbated by his unconventional economic policies. The longtime leader appointed an internationally respected former banker as finance and treasury minister ... Read the Full Story |
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This month, London-based Rio Tinto Group (NYSE: RIO) became the first mining company to operate an open pit mine solely with renewable diesel fuel. A shift from using fossil diesel to renewable diesel in heavy machinery at its California borax mine marked a significant milestone in a quest t... Read the Full Story |
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Cactus (NYSE: WHD) expected the acquisition of Flexsteel to be accretive in the first year, and the execs were more than right. The Q1 results were good enough but came with solid guidance for Q2, which is now improved. The company issued a new investor presentation outlining the company’s p... Read the Full Story |
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Markets | | | Turkish President Recep Tayyip Erdogan appointed a former U.S.-based bank executive to head the central bank Friday, sending the strongest signal yet that the newly reelected leader might pivot from his unusual economic policies that many blame for worsening a cost-of-living crisis.Hafize Gaye Erkan... Read the Full Story |
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Monday's Early Bird Stock Of The Day EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services. It also provides operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. The company serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania. | | View Today's Stock Pick |
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