Good MorningEquity markets fell again on Tuesday as markets brace for what could be a game-changing inflation report. The CPI isn't expected to be so hot that it puts another rate hike on the table, but hot enough to keep the FOMC from cutting rates this summer. The risk is that inflation will persist at this level through the summer and fall, keeping the FOMC from easing policy until next year.
The realization the FOMC will not cut rates may cause the market to sell off. If so, the next buying opportunity will come soon after because of economic resilience. The US economy continues outperforming expectations, and labor markets are strong, keeping consumers flush enough to continue spending. When that changes, the sell-off that follows will be much deeper. Featured: Trump Just Gave the Green Light to Rewrite Social Security? (Ad) 
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Most people have not—and likely will not—realize one of the biggest side effects of the potential interest rate cuts being proposed by the Federal Reserve (the Fed). A cut in interest rates could help stimulate consumer activity, as U.S. consumer sentiment recently reached a 2021 high.... Read the Full Story |
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MarketBeat's numerous tools for investors include screens and analyses of fundamental and technical factors. The tool we're looking at today is a technical screen for golden crosses. A golden cross is when a shorter-term EMA, such as a 30-day or 50-day average, crosses above a longer-term EMA. Lon... Read the Full Story |
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Markets | | | Silver has surged impressively, defying expectations amidst a buoyant economic landscape and optimistic market sentiments. Its recent rally showcases an upward trajectory, with Silver Futures currently trading at $28.09 per ounce, marking an impressive 17% increase year-to-date from the starting poi... Read the Full Story |
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Markets | | | Shares were mixed in Asia on Wednesday after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports.Hong Kong's Hang Seng gained 1.9% to 17,144.54, while the Shanghai Composite index slipped 0.3% to 3,088.25. Tokyo's Nikkei 225 gave up 0.4% to 39,616.51 and the ... Read the Full Story |
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It is an exciting time for Greenbrier Companies (NYSE: GBX) investors, although it isn't exactly an exciting company. The business manufactures, markets, services and leases railroad cars. The takeaway from the FQ2 results is that business is solid, and the outlook is firming: an outlook for susta... Read the Full Story |
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The housing market is in a quandary due to a shortage of supply, which keeps prices elevated, and high interest rates, which soften demand. Many homeowners are simply opting to keep their homes as selling them would still expose them to high mortgage rates on their next home purchase. This has put... Read the Full Story |
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Markets | | | Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing off a jetliner in flight to a tire falling off ano... Read the Full Story |
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Markets | | | China’s Finance Ministry denounced a report by Fitch Ratings that kept its sovereign debt rated at A+ but downgraded its outlook to negative, saying Wednesday that China’s deficit is at a moderate and reasonable level and risks are under control.Risks to China's public finances are rising, Fitch sai... Read the Full Story |
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Markets | | | Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer-vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing off a jetliner midflight flight to a tire falling ... Read the Full Story |
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Markets | | | Thailand’s Prime Minister Srettha Thavisin has revealed details of his government’s plan to stimulate the economy by giving digital cash handouts of 10,000 baht ($275) to an estimated qualifying 50 million Thais for spending at their local businesses Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Qifu Technology, Inc., through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service. The company also offers e-commerce loans, enterprise loans, and invoice loans to SME owners. It serves financial institutions, consumers, and small- and micro-enterprises. The company was formerly known as 360 DigiTech, Inc. and changed its name to Qifu Technology, Inc. in March 2023. The company was founded in 2016 and is headquartered in Shanghai, the People's Republic of China. | | View Today's Stock Pick |
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