Good MorningEquity markets pulled back on Tuesday to start a holiday-shortened week on uncertain footing. The move comes at the start of a light week regarding data and earnings, which could be a sign that bulls are not as confident as they may appear. The market is moving higher but with little cause other than an expectation that the FOMC will soon be done hiking interest rates. The critical factor is that the FOMC is not finished with hiking rates, and it may cause more bank failures in the coming weeks and months.
The S&P 500 is trending higher and may set another new high. The next target for solid resistance is at the all-time high, which may be reached by the start of Q2 earnings reporting. The peak of the reporting season begins in 3 weeks and may provide fuel for the rally. The risk is that the outlook for Q3 and Q4 will deteriorate and sap upside potential from the market. Featured: Trump’s treachery (Ad) 
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When it comes to gaining an edge in the market, few tactics are as controversial and captivating as buying or selling securities based on privileged information. However, the Securities and Exchange Commission (SEC) has implemented stringent regulations to curb such practices and ensure fair and t... Read the Full Story |
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ESG investing is not dead, but ESG investing as an investment thesis might be. Fund outflows from ESG-related funds topped 75% in 2022 and have only worsened. The trend is not limited to the US; UK ESG fund outflows recently hit a new high and spelled doom for the industry.
There have already bee... Read the Full Story |
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The chart on cosmetics company e.l.f. Beauty, Inc. (NYSE: ELF) can be described in one word — gorgeous.
The surging mid-cap is riding an eight-month winning streak that, absent a -1% September 2022 blip, would be at 13 months. Although it has more than quadrupled along the way, the momentum... Read the Full Story |
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Innovative Eyewear Inc. (NASDAQ: LUCY) shares soared on announcing a Reebok line of "smart" eyewear products to launch in 2024. The company is careful with its wording to refrain from calling its eyewear "smart glasses." They are Bluetooth-connected audio glasses with four open-air speakers enabli... Read the Full Story |
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Family entertainment company Mattel, Inc. (NYSE: MAT) stock has languished in 2023, up 2% on the year, underperforming the S&P 500 index, up 15%. The upcoming Barbie movie scheduled to release in theaters on July 21, 2023, could give shares and investor sentiment a much-needed boost.
While th... Read the Full Story |
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Markets | | | With inflation in the United States still too high, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell said in prepared testimony to be delivered to a House committee Read the Full Story |
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Markets | | | Shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies Read the Full Story |
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Markets | | | Days after the bipartisan deal on the debt limit became law, House Republicans proposed a slew of tax cuts, leading to charges of hypocrisy by Democrats in a squabble that shows clashing visions for the U.S. economy Read the Full Story |
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Markets | | | From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one — the secretary-general of the United Nations — is pressing for major changes in the other two.Antonio Guterres says the International Monetary Fund ha... Read the Full Story |
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Markets | | | The head of the International Monetary Fund on Friday praised the European Central Bank's decision to raise interest rates for the eighth time in a row and its pledge to keep going as long as needed to bring down high inflation.Managing Director Kristalina Georgieva said the IMF welcomed both the EC... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express promoted feeds, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product services for better displaying and promotion of its account and content; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, the People's Republic of China. | | View Today's Stock Pick |
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