Good MorningEquity markets pulled back on Wednesday, extending the stock decline for another day. The S&P 500 pulled back more than 0.5% at the session's low, setting a new 1-month low and new lows are on the way. The pullback appears to be gaining momentum and was not aided by Wednesday's data or earnings reports. On the earnings front, reports from retailers are mixed and point to weakness in discretionary names in the 2nd half. Winners include TJX Companies, which grew and raised guidance, while Target is losing share to its competitors.
Housing starts and permits data was mixed and tepid on the economic front, with starts coming in as expected and permits below consensus. Permits, the leading indicators, are down compared to last year and suggest the recent pick-up in the housing market is over. Next week, existing and new home sales data may do the same. If so, the market sell-off will continue. Featured: Watch This Robotics Demo Before July 23rd (Ad) 
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Stocks | | | Wall Street limped to the finish line of its third losing week in a row on Friday.The S&P 500 barely budged as it ended the week with a loss of more than 2%, like other U.S. indexes. It edged down by 0.65, or less than 0.1%, to 4,369.71.The Dow Jones Industrial Average added 25.83 points, or 0.1... Read the Full Story |
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Now looks like a good time to nibble on Brinker International (NYSE: EAT). Following a solid report and guidance, the stock price is down more than 3%, which suggests the move could fizzle out soon. The takeaway from the report is that an ongoing rebound and normalization within the restaurant ind... Read the Full Story |
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Beer and football go together like peanut butter and jelly. That's why savvy investors can use the kickoff of football season to add one or more beer stocks to your portfolio. Historically, these companies deliver their strongest revenue and earnings in the third and fourth quarters of the year. &... Read the Full Story |
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Oh, how the mighty have fallen. Back in the days when people talked of so-called “blue chip” stocks, those that seemingly could do no wrong, America’s telecom stock was AT&T Inc. (NYSE: T).
But is AT&T, which no longer dominates the S&P 500 as it once did, stil... Read the Full Story |
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The global economy is undergoing a significant pivot in each respective nation, where the aggregate effect of COVID-19 measures resulted in rampant inflation rates that spread across the globe, leading central banks everywhere to raise interest rates and decrease liquidity from markets.
The... Read the Full Story |
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Markets | | | A resilient stock market helped boost gains for savers with retirement accounts through the first half of this year. The average 401(k) plan balance stood at $112,400 at the end of the second quarter, an increase of 4% from the first quarter and up 8.3% from the second quarter of last year, accordin... Read the Full Story |
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Markets | | | Asian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, while rising slightly in Sydney Read the Full Story |
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Walmart’s (NYSE: WMT) Q2 results confirm trends Target (NYSE: TGT), Home Depot (NYSE: HD), and TJX Companies (NYSE: TJX) suggested. Consumers are shifting away from big-ticket items and large projects in favor of smaller, non-discretionary items. The shift is from discretionary categories in... Read the Full Story |
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Markets | | | Walmart racked up another strong quarterly sales gain as its low-prices continue to attract budget conscious consumers looking for deals in a tough economic environment. The nation's largest retailer boosted its annual outlook Thursday after reporting better-than expected second-quarter results send... Read the Full Story |
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Markets | | | Coinbase said it's received regulatory approval to bring federally regulated crypto futures trading to eligible customers in the U.S., sending shares sharply higher before the opening bell Wednesday. In June, the U.S. Securities and Exchange Commission filed lawsuits against Binance and Coinbase, sa... Read the Full Story |
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Friday's Early Bird Stock Of The Day Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington. | | View Today's Stock Pick |
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