Good MorningEquity markets advanced on Tuesday, snapping more than a week of declines. The move confirms support at the critical 4300 level and should lead the market higher. The caveat is that summer trading conditions, looming interest rate hikes, and a weak report from Walgreens suggests the rally is built on unstable foundations. Walgreens had a mixed quarter and lowered guidance due to shifting consumer trends. If that sentiment turns into a trend among S&P 500 companies, the index will have nowhere to go but lower.
The week's news will come on Friday when the PCE price index is released. The index is expected to show consumer inflation is moderating but not quickly. At 4.6%, investors should expect the FOMC to continue hiking rates until there is an appreciable decline in inflation. The risk is that getting that decline could mean taking the economy into a full recession. Featured: Wall Street Insider: This is just the start... (TMI) 
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Since the back end of last year, video game stocks, as tracked by the VanEck Video Gaming and eSports ETF (NASDAQ: ESPO), have been undergoing something of a resurgence. Having hit an all-time high in February 2021 as the pandemic inspired more and more housebound people to pick up or buy a c... Read the Full Story |
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Shares of Lucid Group Inc. (NASDAQ: LCID) charged higher on June 27, 2023. Two news items were the catalysts for the bullish sentiment. First, in a Form 4 filing, Saudi Arabia’s Public Investment Fund (PIF) reported the acquisition of 259.69 shares of LCID stock. The transaction, valued at $... Read the Full Story |
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Meta Platforms Inc. (NASDAQ: META) is one of those stocks in either feast or famine mode, with no in-between.
Lately, investors have feasted, with Meta stock posting impressive returns in the following rolling time frames:
One month: 6.27%
Three months: 35.17%
Year-to-date: ... Read the Full Story |
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From Our PartnersAs you know, the stock market has been volatile lately, and there's a lot of uncertainty in the air. But we want to assure you that this is not the time to panic. In fact, it's the time to be buying stocks.
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DevOps platform provider JFrog Ltd. (NASDAQ: FROG) stock has seen a resurgence as it nears the upper weekly rectangle trendline resistance. The stock has been in the trading range for over a year. The "Liquid Software" company provides essential and mission-critical tools to enterprise technology ... Read the Full Story |
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Markets | | | Asian stock markets are mixed after leaders of major central banks said they need to keep interest rates high to fight persistent inflation despite fears that might tip the global economy into recession Read the Full Story |
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From Our PartnersThe Biden administration just made a surprise investment in a new tech that's on the verge of creating an $87 trillion tidal wave of cash. It even publicly revealed a "blueprint" on exactly what's going to happen. Luckily, legendary investor Whitney Tilson has been covering this situation for years. | | | | And he shows you exactly how to take advantage right here, starting today. |
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Markets | | | Despite more than a year of widespread warnings that a recession was near, America’s economy is, if anything, accelerating. Even as the Federal Reserve has sent borrowing costs sharply higher, the economy’s resilience has been on plain display: Consumers keep spending, and employers keep hiring. Inf... Read the Full Story |
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Markets | | | Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing. In early May electronics company Foxconn wavered on a $170 million investment in Lordstown. The Ohio company said in a regulat... Read the Full Story |
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Delta Airlines (NYSE: DAL) share price struggled to gain traction until just a few weeks ago, but it is gaining momentum now. The fear of economic headwinds offset the underlying strength in travel demand and left the market near the bottom of the post-COVID trading range. Today's takeaway is that... Read the Full Story |
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Markets | | | President Joe Biden is ready to take full political ownership of the U.S. economy -- a reflection of the White House belief that inflation is fading, job growth is solid and voters need to know about it Read the Full Story |
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Markets | | | European Central Bank President Christine Lagarde warned Tuesday that inflation is holding its grip on the economy and underlined that the bank intends to raise rates high enough to “break this persistence." Lagarde acknowledged that inflation has fallen from all-time highs last year as energy price... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Cricut, Inc. engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations. Its connected machines include Cricut Joy family for personalization, organization, and customization; Cricut Explore family for cutting, writing, and scoring; Cricut Maker family for cutting, writing, scoring, and adding decorative effects to various materials, such as paper, vinyl, iron-on vinyl, pens, and others; and Cricut Venture for cutting, writing, and scoring large-format projects at professional speeds. The company also provides Cricut Access and Cricut Access Premium subscription offerings, and in-app purchases; and a software that integrates its connected machines and design apps comprising Cricut Joy App, Design Space, and other design apps. In addition, it offers a range of accessories and materials, such as Cricut EasyPress, Cricut Mug Press, hand tools, machine replacement tools and blades, and project materials. The company offers its products through its third-party brick-and-mortar and online retail partners; and its website cricut.com, as well as through a network of distributors. It operates in the United States, Canada, the United Kingdom, Ireland, Australia, New Zealand, and Western Europe, as well as the Middle East, Latin America, South Africa, and Asia. The company was formerly known as Provo Craft & Novelty, Inc. and changed its name to Cricut, Inc. in March 2018. The company was incorporated in 1969 and is headquartered in South Jordan, Utah. | | View Today's Stock Pick |
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