Good MorningEquity markets tread water on Wednesday as traders and investors await today's critical inflation report. The July CPI report is expected to show inflation remains hot and will lead the FOMC to hike rates again later this year. With oil prices breaking out to new 1-year highs, cool data may not matter because inflation will rise again. The price of WTI is moving steadily higher under the force of supply/demand imbalances put in place by OPEC. The way the market is tilted, it is likely that WTI will soon be tickling the $100 region.
The next hurdles for the market will come next week when the major retailers begin reporting. Consumer spending has underpinned the economy for the last 2 years and is expected to sustain steady results, if not growth, in the retail industry. The question is which retailers will come out on top given the shifts in spending habits caused by inflation. Discretionary names may not fare well. Featured: Crypto Genius: Forget bitcoin – this will be so much bigger (Ad) 
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As the United States economy begins to face its next central inflection point or, put, a potential pivot into a lower gear, some industries begin to receive differentiated treatment from the market as a whole. Investors today can start to gauge where the new momentum and favoritism are focused and... Read the Full Story |
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The electric vehicles (EV) industry has been one of the hottest out there in recent years. And even though the rising interest rate cycle has made it more expensive for EV stocks, which are growth stocks by definition, to fund their expansion, it feels like it’s an unstoppable force at this ... Read the Full Story |
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On August 10th and August 11th, investors will get the next read on inflation. On August 10, the latest read on the Consumer Price Index (CPI) is released. That will be followed by the Producer Price Index (PPI) on Friday.
Many economists and market analysts are forecasting that core infla... Read the Full Story |
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Stocks | | | Asian benchmarks mostly fell Thursday after shares declined on Wall Street and investors braced for a highly anticipated report on U.S. inflation.The U.S. government later in the day will give the latest monthly update on inflation the nation's consumers are experiencing, and economists expect to se... Read the Full Story |
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Markets | | | President Joe Biden signed an executive order Wednesday to block and regulate high-tech U.S.-based investments going toward China — a move the administration said was targeted but it also reflected an intensifying competition between the world's two biggest powers.The order covers advanced computer ... Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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The price action in Wendy’s (NASDAQ: WEN) stock was mixed following the Q2 earnings release, but everything within the report, along with the dividend and stock valuation, suggests it’s about to rocket higher.
Wendy’s trades at only 22X its earnings which is high relative to the... Read the Full Story |
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Markets | | | Italian bank stocks plunged Tuesday after the Cabinet approved a proposal to apply a 40% tax on some bank profits this year to help consumers and businesses cope with higher borrowing costs.Transport Minister Matteo Salvini announced the tax at a Monday evening news conference, saying it was a measu... Read the Full Story |
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Markets | | | China's exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump.Imports tumbled 12.4%, customs data showed Tuesday, in a blow to global exporters that look to China as one of the biggest markets for industrial mater... Read the Full Story |
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Shares of oil-and-gas infrastructure specialist Kinder Morgan Inc. (NYSE: KMI) are consolidating below a potential buy point north of $20.20.
The stock got an initial boost after its second-quarter report on July 19, but is now essentially flat after declining for two weeks.
Earnings came ... Read the Full Story |
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Markets | | | Japanese technology company SoftBank Group Corp. continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn.But SoftBank’s April-June red ink, at 477.6 billion yen ($3.4 billion), was smaller than a year ago, when losses totaled 3.16 trillion yen... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Inspirato Incorporated, together with its subsidiaries, operates as a subscription-based luxury travel company. The company's portfolio includes luxury vacation homes, and accommodations at luxury hotels and resorts, as well as luxury safaris, cruises, custom-designed itineraries, and other experiences. It is involved in solving critical pain points for hospitality suppliers seeking to monetize their property with rental income. In addition, the company offers Inspirato Pass for member to book pass trips; Inspirato Club for members to book trips up to one year in advance Inspirato for Good, a platform designed to help nonprofit organizations accelerate funding results; Inspirato for Business, a business-to-business channel through which subscription and travel products are sold directly to businesses seeking to leverage luxury accommodations to recruit, retain, and reward their employees. The company was founded in 2010 and is headquartered in Denver, Colorado. | | View Today's Stock Pick |
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