Good MorningEquity markets pulled back on Wednesday as fear of rising interest rates came back to a boil. The latest Services and Manufacturing ISM reads suggest that economic momentum remains solid, and prices continue to rise. Prices in both indices showed significant upswings tied to the cost of oil. Oil prices rose to a new high last week and will continue to underpin inflation this year.
This means an increased chance for another 25 basis point rate hike his year. The odds of a hike in September remain low, but there is a 50% chance of 1 in November, which could rise over the next 2 weeks. The CPI data is due next week and will likely show inflation remains hot if not accelerating. An accelerating CPI will just about seal the deal on another rate hike and put a firm cap on the market. As it is, the S&P 500 shows resistance at a critical level and is set up for a fall. Featured: How A.I. Could Make Most 21st Century Diseases EXTINCT (Behind the Markets) 
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We're now into September, and that means many investors wonder if the September effect will be in place. This speaks to the historical trend of stocks underperforming in September compared to other months.
How you approach September may depend on whether you're an optimist or a pessimist. ... Read the Full Story |
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Stocks like V.F. Corporation (NYSE: VFC), Verizon (NYSE: VZ), and PENN Entertainment (NYSE: PENN) get beaten up for a reason, but often, the market will take things to the extreme. Stock prices and fundamentals often dislocate, resulting in significant opportunities for investors. While these comp... Read the Full Story |
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Like its motorized industrial lifts, shares of Oshkosh Corporation (NYSE:OSK) are climbing to new heights — and may not be done.
The mid cap strung together a five-day winning streak last week, capping a 13% August 2023 surge that defied a bad month for U.S stock indices. It is up nea... Read the Full Story |
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AI investing is hot and not contained in the tech world. While names like NVIDIA (NASDAQ: NVDA) garner much attention, numerous blue-chip names are already leaning into the AI action. These companies are helping to advance the technology but, more importantly, embedding it into our daily lives wit... Read the Full Story |
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Stocks | | | Shares fell in Asia on Thursday after a decline on Wall Street, where strong economic data revived worries that the Federal Reserve might keep interest rates high for longer than investors had been hoping. Hong Kong's Hang Seng, which has bounced this week on news about Chinese policy changes for th... Read the Full Story |
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Stocks | | | A choppy day of trading on Wall Street ended Friday with slight gains for stocks, as the market notched its second straight winning week.The market got a boost early on from a closely watched government report that showed U.S. job growth increased at a healthy, but more moderate pace last month. The... Read the Full Story |
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Dividend growth is critical for high-quality buy-and-hold stocks. Dividends attract buy-and-hold investors, but the distribution growth keeps them there. That’s important because it can help lower volatility and beta. Dividend Kings are among the highest-quality dividend-growth stocks with 5... Read the Full Story |
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Markets | | | Stocks were higher in Europe and Asia on Monday following a report that signaled the US jobs market, while still healthy, shows some signs of cooling, raising hopes for an easing of interest rate hikes. Germany's DAX advanced 0.7% to 15,949.69 and the CAC 40 in Paris picked up 0.8% to 7,354.96. In L... 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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Markets | | | The Federal Reserve has reached a delicate stage in its fight against inflation.Its policymakers have raised their key interest rate to about 5.4%, its highest level in 22 years, to try to slow borrowing and spending and cool inflation pressures. They now are considering whether to raise the rate ev... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Versus Systems Inc. develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices. It also offers business-to-business software platform that allows video game publishers, developers, and other interactive media content creators in-game prizing and rewards based on the completion of in-content challenges. In addition, the company provides XEO technology platform that offers online audience engagement. It primarily sells its access to platform and service offerings through its direct sales organization. Versus Systems Inc. is headquartered in Vancouver, Canada. | | View Today's Stock Pick |
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