Good MorningEquity markets tread water on Monday while traders prepared for this week's main event; the CPI report. The CPI is set to be released on Wednesday. The data is expected to be mixed, with monthly gains accelerating and YOY comparisons decelerating from the previous month's data. However, the takeaway will likely be hawkish, with core CPI still hot at 5.0% YOY or hotter. Regardless, the Fed will unlikely sway from its intention to hike rates later this month and put additional pressure on the economy.
The summer stock market melt-up looks set to continue despite Monday's tepid trading and the risk of hot CPI data. The S&P 500 continues consolidating above the 4,300 level in preparation for another higher move. The next significant resistance target is 4,600, which may be reached soon. A move above that will depend on the earnings season, and it does not look like a good 1 now. AI will power results for some companies, but it is not enough to offset the weakness expected across the broad market. Featured: Win the Retirement Game With These Three Options Strategies (Base Camp Trading) 
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As is often the case with equity markets, stocks that perform well one year lag the market the following year. That’s been the case with energy stocks, and in particular oil stocks, which are underperforming in many sectors in 2023.
There are a confluence of factors driving down oil ... Read the Full Story |
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From Our PartnersWe have identified a recession-proof company that has tremendous potential for growth in the coming years. Our research team has given them our highest score as a solid addition to any portfolio.
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One simple signal that investors can use to decide if a stock is likely to move higher is to look at analyst sentiment. An analyst is a market professional employed by either funds that buy securities (I.e. buy-side) or for brokers and banks that sell them (sell-side).
The role of analysts... Read the Full Story |
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Stocks | | | Wall Street drifted to a mixed finish Friday after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher.The S&P 500 lost 12.64 points, or 0.3%, to 4,398.95, though slightly more stocks within the index rose ... Read the Full Story |
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From Our PartnersIt's time to face the harsh reality: the stability of the dollar is no longer guaranteed. The national debt is spiraling out of control, inflation is on the rise, and the government seems powerless to rein it in. These warning signs strongly suggest an impending collapse of the dollar, with catastrophic consequences looming over us.
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Markets | | | Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes.Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices rose.Wall Street's benchmark S&P 500 index... Read the Full Story |
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Accolade Inc. (NASDAQ: ACCD) is an artificial intelligence (AI) powered healthcare platform that provides personalized healthcare guidance for employers and workers. The platform helps people manage their health by finding the right care and providers.
AI and machin... Read the Full Story |
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From Our PartnersIt’s not NVDA, META, or AMZN. But it jumped 66% in three months during the AI craze. One 50-year Wall Street legend says that’s just the beginning. More here. | | | | More here. |
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Stocks | | | Asian shares were mostly higher on Wednesday after stocks advanced on Wall Street as investors awaited an update on U.S. inflation that will hopefully show a smaller increase in pain for everyone. Hong Kong's Hang Seng index jumped 1.3% to 18,907.36 and the S&P/ASX 200 in Australia added 0.3% to... Read the Full Story |
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Integrated healthcare and pharmacy retailer Walgreens Boots Alliance Inc. (NYSE: WBA) stock has fallen 21.75% year-to-date (YTD), hitting price levels not seen since 2010.
Walgreens shares have time traveled back 13 years, causing investors to wonder if it's a bargain at just 7x f... Read the Full Story |
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Tech | | | Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million) for violating regulations in its payments and financial services, an indicator that over two years of scrutiny and crackdown on the firm that led it to scrap its planned public listing may have come to an end.The People's Bank... Read the Full Story |
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Markets | | | Saudi Arabia has deposited $2 billion into Pakistan’s central bank, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country Read the Full Story |
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Meta (NASDAQ: META) took the tech world by storm again with its Threads announcement. Threads is a new app built by the Instagram team that allows functionality akin to Twitter. Users log in using the Instagram account and can send messages of up to 500 characters, links, photos, and short videos.... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Confluent, Inc. operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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