Good MorningEquity markets pulled back on Tuesday due to a double dose of fear-inducing news. The first is fear of a renewed crisis in the banking sector. Fitch warned it might have to downgrade some banks, including top names like JPMorgan Chase if credit conditions deteriorate much further. The second is new out of China that include weak industrial production. The news raises the fear that economic momentum will quickly fade and impact GDP and S&P 500 earnings.
The S&P 500 fell more than 1% at the sessions low. If the index closes lower for the week, it will market the 3rd straight week of decline. The price pullback marks a top for the market; the question is how deep the pullback will be. The way it looks, the pullback is gaining momentum and could gain additional momentum this week when the FOMC minutes are released. Signs the Fed is still hawkish will weigh heavily on the outlook for economic activity and earnings. Featured: Trump wipes out trillions overnight… (Ad) 
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Many investors continue to look for growth wherever they can find it. That makes the healthcare sector very compelling. For several reasons, investors consider healthcare stocks, particularly health insurance stocks, the right prescription for an ailing portfolio.
First, there's a huge add... Read the Full Story |
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Despite assurances from CEO Mark Zuckerberg that Meta Platforms Inc. (NASDAQ: META) is keeping its metaverse dream alive, it's increasingly clear that the real focus is AI.
That pivot has driven the stock to lofty highs with triple-digit price gains, but there could be a chance to get in on... Read the Full Story |
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Salesforce.com (NASDAQ: CRM), Adobe (NASDAQ: ADBE), and Advanced Micro Devices (NASDAQ: AMD) have multiple tailwinds in common that could see their shares rocket higher in Q3. Among them is the shift to AI, a shift that is underpinning the results and outlook. Other factors include an outlook for ... Read the Full Story |
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Markets | | | The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports.It led Russia's central bank to announce an emergency meeting for Tuesday to review its key interest rate, raising ... Read the Full Story |
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Markets | | | Russia's ruble has fallen a long way in recent months, and the country’s central bank has stepped in to try to halt the slide. Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher prices for everyday people in Russia — ... Read the Full Story |
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Markets | | | Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine.The ruble has lost more than a third of its value since the beginning of the y... Read the Full Story |
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The way things look on Capitol Hill, it will be years before the Federal Government legalizes cannabis, but it may not matter. Recent comments from the US Secretary for the Department of Health and Human Services (HHS), Xavier Becerra, suggest that marijuana could be rescheduled or de-scheduled as... Read the Full Story |
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Markets | | | Congressional Democrats are teaming up with the Biden administration and a progressive advocacy group to turn policy efforts to curb “ junk fees ” into a political rallying cry, betting that a small but potentially potent kitchen table issue will resonate with voters. President Joe Biden promised in... Read the Full Story |
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Shares of On Holding (NYSE: ON) were down about 10% following the Q2 earnings release, but this was an opportunity to buy more shares, not cut losses. The company's results are a testament to execution that includes a lean into direct-to-consumer and digital and also suggest solid results from Lul... Read the Full Story |
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Markets | | | UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession Read the Full Story |
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Wednesday's Early Bird Stock Of The Day First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts. It also provides residential and commercial mortgage loans, home equity lines of credit and loans, automobile loans and leases, secured and unsecured lines of credit, installment loans, small business loans and leases, and construction lending, as well as commercial lease and auto dealer financing. In addition, the company offers wealth management, personal installment, individual investment and financial planning, insurance protection, trust and estate, private banking, investment management, retirement planning, and merchant processing services, as well as consumer and commercial credit cards. The company was formerly known as BancWest Corporation and changed its name to First Hawaiian, Inc. in April 2016. First Hawaiian, Inc. was founded in 1858 and is headquartered in Honolulu, Hawaii. | | View Today's Stock Pick |
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