Good MorningEquity markets started the week on solid footing, but the rally may not go much higher. The S&P 500 continues to trade below critical resistance, and there is a significant catalyst. The August CPI data is due on Wednesday and is expected to show a cool-down at the core level.
That said, investors should be wary of the news because an acceleration in the headline number will offset the decline in core inflation. The headline level is expected to accelerate 40 basis points compared to last month and last year due to the rise in oil prices. The takeaway is that oil and headline CPI are leading indicators for the core figure, and both are rising. If the data confirms what the market expects, it could lead to a more hawkish than expected FOMC when it reveals the policy statement next week.
Tech stocks led the day on Monday, with the NASDAQ up more than 1.0% at the session high. The move was underpinned by Tesla, which gained more than 10% in the same period. Tesla shares were boosted by an upgrade that put a $500 billion valuation on the company's newest project, the Dojo supercomputer. Featured: The 7 Best Stocks to Own in Summer 2025 (Ad) 
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The Q2 earnings season is all but finished, and the Q3 is fast approaching. This means it's time to focus on which sectors and companies are in the best position to deliver outperformance and higher share prices. The latest data from FactSet is telling and suggests another mixed season is upon us.... Read the Full Story |
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The price per barrel of oil has risen by an astonishing 13.5% during the past month, stemming from a push on both sides of the market equation. The push comes from increasing demand in the United States and China and a tightening output supply on the part of OPEC, who just announced further cuts r... Read the Full Story |
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The earnings action has quieted down, but the analysts' activity remains hot. The activity in the 1st week of September is driven by a handful of small tech names with 1 thing in common: exposure to the blossoming AI-powered client-service industry. This is worth noting because AI-powered services... Read the Full Story |
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Today's economic uncertainty, namely wild guesses from economists and talking heads as to where the United States economy will head next, sends aftershocks across different industries and makes some of them attractive places to look for upside today.
When it comes to real estate, there is a direc... Read the Full Story |
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Markets | | Think of movies about the financial system and your mind is almost sure to go to Gordon Gekko and “Wall Street” or Leonardo DiCaprio’s gyrating Jordan Belfort in “The Wolf of Wall Street.”When Hollywood takes on Wall Street, it usually heads straight to the C-suite.The protagonist of “Dumb Money,” t... Read the Full Story |
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Markets | | Stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three.The S&P 500 ticked up 6.35 points, or 0.1%, to 4,457.49 after falling for three straight days. It lost 1.3% for the week, which was shortened by the Labor Day holiday.The... Read the Full Story |
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Morgan Stanley (NYSE: MS) is going all-in on Tesla (NASDAQ: TSLA). The firm raised its rating on the stock to Overweight from Equal Weight and set a new price target. The new target is $400 and the new high-price target among analysts. It is a 60% increase from Morgan Stanley’s previous targ... Read the Full Story |
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Markets | | Pets provide joy and companionship, but costs can add up quickly, especially if you're a first-time owner and don't know what to expect.Many prospective dog or cat owners only focus on the positive aspects of bringing a furry friend into their lives. And there are countless reasons why pets are grea... Read the Full Story |
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Markets | | New Zealand’s economy is expected to remain sluggish for another two years, although the overall picture is rosier than many observers had feared, new figures released Tuesday indicate.The nation’s Treasury released the projections ahead of an election next month. They showed a slight deterioration ... Read the Full Story |
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Markets | | Poland's central bank lowered its interest rates by 75 basis points on Wednesday despite the country's double-digit inflation rate. The move prompted concerns that the central bank was wading into politics with a premature rate cut to help the populist governing party ahead of parliamentary election... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax. The Small Business & Self-Employed segment provides QuickBooks services, that includes financial and business management online services and desktop software, payroll solutions, time tracking, merchant payment processing solutions, and financing for small businesses; and Mailchimp services, such as e-commerce, marketing automation, and customer relationship management. This segment also offers QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; and QuickBooks Self-Employed solution; payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; and financial supplies and financing for small businesses, as well as electronic filing of federal and state income tax returns. The Consumer segment provides TurboTax income tax preparation products and services. The Credit Karma segment offers consumers with a personal finance platform that provides personalized recommendations of home, auto, and personal loans, as well as credit cards and insurance products. The ProTax segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services. It sells products and services through various sales and distribution channels, including multi-channel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels. The company was founded in 1983 and is headquartered in Mountain View, California. | View Today's Stock Pick |
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