Good MorningThe S&P 500 rallied on Friday after news hit the street that a debt ceiling resolution had passed. The next move is for President Biden to sign it into law which is expected to come before the US defaults. The S&P 500 gained more than 1.5% at the high of the session and is on track to break a critical resistance level. That level is the 4,300 level which has capped the market for more than a year.
There isn't much news expected in the coming week. The economic calendar is nearly void of releases and the few earnings reports will not move the market. Because the FOMC meets next week, the market could enter a consolidation while it waits for the new update. The Fed isn't expected to hike rates but it is expected to remain hawkish and indicate the need for rates to remain high. Featured: How to know the best and worst days to trade your favorite ticker. (Ad) 
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Regarding steak marinades and financial debt, reductions are good — but not so much with stock dividends.
A board of director's decision to employ dividend cuts is usually motivated by a need to shore up a company's financials. Its near-term ability to generate cash flow becomes compro... Read the Full Story |
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Shares of Lululemon Athletica (NASDAQ: LULU) traded higher by as much as 13% on the after-market hours of Thursday evening as first quarter 2023 Lululemon earnings results came out. The advance in the stock price comes amid Lululemon's beating earnings expectations, as it reported $2.28 earni... Read the Full Story |
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Markets | | | Asian stock markets rose Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries slowing. Shanghai, Tokyo and Hong Kong rose. Sydney retreated. Oil prices declined.Wall Street's benchmark S&P 500 index lost 0.2% on M... Read the Full Story |
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Markets | | | Stocks rushed higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5% for the latest surge in a rally that's vaulted it nearly 20% since mid-October. That put Wall Street's main measure of health on t... Read the Full Story |
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Shares of Constellation Brands Inc. (NYSE: STZ) are gradually edging the right side of a base that began in December after the Constellation Brands stock price pulled back from a high of $261.32.
The stock is up 6.27% in the past three months and 9.01% in the past six months. Since the... Read the Full Story |
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Nvidia Co. (NASDAQ: NVDA) CEO Jensen Huang sparked market whispers this week, hinting at enlisting Intel Co. (NASDAQ: INTC) to produce chips. Huang told reporters that Nvidia is "open to manufacturing with Intel" and that the company "received test chip results of their next generation process, an... Read the Full Story |
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Shares of Li Auto (NASDAQ: LI) have been on an impressive run lately, clocking in a 44.31% return YTD. What’s even more impressive is that LI has done so while shares of its main competitors, in the People’s Republic of China, BYD (OTCMKTS: BYDDF), XPeng (NYSE: XPEV), and NIO (NYSE: NI... Read the Full Story |
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Markets | | | Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.The Saudi cut of 1 million barrels per day, to start in ... Read the Full Story |
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Markets | | | Seth Jacobs has about 100 bins packed with marijuana flower sitting in storage at his upstate New York farm. And that’s a problem. There aren’t enough places to sell it.The 700 pounds (318 kilograms) of pungent flower was harvested last year as part of New York's first crop of legally grown pot for ... Read the Full Story |
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Markets | | | The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool Read the Full Story |
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Monday's Early Bird Stock Of The Day Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives, and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts and Carquest names, as well as branches under the Worldpac name. The company has stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and independently owned Carquest branded stores in Mexico and various Caribbean Islands. Advance Auto Parts, Inc. was founded in 1929 and is based in Raleigh, North Carolina. | | View Today's Stock Pick |
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