Good MorningEquity markets started the week on solid footing, but the rebound may be short-lived. Another round of inflation data is due out this week, and it could halt the market in its tracks. The July read of the CPI is due on Thursday, and it is expected to show the deceleration of inflation has slowed. Core inflation is expected to hold relatively steady at 4.7% and well above the Fed's target rate. At this level, the market should assume the Fed will have to hike rates again later this year and maybe more than once. As it is, the market is only offering a 30% chance for another interest rate hike this year.
The earnings season is coming to a close, and the results are not good. More companies than average beat their consensus targets but by a smaller-than-average margin leaving the final growth rate deep in negative territory, and the outlook for the 2nd half deteriorated. The odds that the S&P 500 will post negative earnings growth in Q3 are high, and the odds for Q4 are rising. In this scenario, the market is nearing a tipping point and may soon teeter into another deep correction without a shift in the fundamental outlook for economic growth.
Featured: The single greatest medical breakthrough of all time? (Behind the Markets) 
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The Financial Select Sector SPDR FUND (NYSE: XLF) has staged an impressive rally over the past few months, climbing almost 10% from its June low. As the ETF pulls back into its uptrend support, an attractive risk: reward buying opportunity is forming. Although only up 2% year-to-date, if the ETF c... Read the Full Story |
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From Our PartnersThe Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>> | | | | Get the name of the stock here |
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MarketBeat has many tools to help investors find great investments, and 1 of them is the Trending Stocks List. The trending stocks list can be tuned to different periods but tracks the same data: the net number of new followers for stocks on Marketbeat. That may seem like a simple statistic but do... Read the Full Story |
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Stocks | | | A new class of meme stocks has sprung up during the stock market's surprise recent rally, raising concerns about investors' willingness to take on bigger risks amid a still uncertain economy.Meme stocks are typically weak companies on the verge of failing, but that still manage to garner attention f... Read the Full Story |
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From Our PartnersThe AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon. | | | | Find Out How Investors Can Benefit in the AI Technology Race |
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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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A seven-day slide has real estate investment trust (REIT) Crown Castle (NYSE: CCI) trading 50% below its January 2021 record peak. The stock’s forward dividend yield has doubled to 6%. Is it time to storm the castle?
Not so fast.
Like other capital-intensive businesses, the communications ... Read the Full Story |
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From Our PartnersThe Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price. | | | | Get all the details here >>> |
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eBay Inc. (NASDAQ: EBAY) beat Wall Street earnings estimates for the second time this year. But unlike the reaction to the first quarter earnings beat, the market isn’t buying it.
Shares of the e-commerce platform provider continued to slide last week following a 10.5% post-earnings drop on... 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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Markets | | | With the help of technology, scammers are tricking Americans out of more money than ever before. But there are steps you can take to keep your money and information safe. In 2022, reported consumer losses to fraud totaled $8.8 billion — a 30 percent increase from 2021, according to the most recent d... Read the Full Story |
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Markets | | | Plant-based meat substitute maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts.The El Segundo, California-based company lowered its full-year revenue forecast as a result. Beyond Meat now expe... Read the Full Story |
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Oil prices (NYSEARCA: USO) are on the rise and likely heading higher. The Saudis and Russia are working together with voluntary production cuts to keep the supply/demand balance tilted firmly in favor of higher prices. Because of this, demand is expected to outpace growth through 2024 and support ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Trex Company, Inc. manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps. The company also provides Trex Transcend Railing products that are used in Trex decking products and other decking materials; Trex Select Railing products for a simple clean finished look; Trex Enhance Railing system; Trex Signature aluminum railing for a contemporary look; and Trex Select T-Rail railing products. In addition, it offers Trex Seclusions, a fencing product that includes structural posts, bottom and top rails, pickets, and decorative post caps. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-alternative composite decking; Trex SpiralStairs and structural steel posts; and Trex Outdoor Kitchens, cabinetry, and Storage products. It sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia. | | View Today's Stock Pick |
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