Good MorningEquity markets advanced to set new highs on Wednesday, with the S&P 500 at an all-time high, despite a weaker-than-expected read on retail sales. Retail sales grew compared to the prior month and year but at a slower-than-expected pace. The bad news is that inflation is offsetting a decline in volume, but the takeaway is that sales are growing. Corporate earnings are expected to grow in this environment, leading the market higher.
Investors and traders will get a much-needed break today with the stock market closed for Juneteenth. Trading resumes tomorrow and could bring another new high for the market. There is a concentration risk, but the S&P 500 is in rally mode, with the Magnificent Seven stocks all indicating higher. Because analysts are raising their estimates and leading to the high-end range, the S&P 500 could advance another 15% to 30% by the end of the year. Featured: This tool shows when a stock is about to explode (or collapse) (Ad) 
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The artificial intelligence (AI) sector is experiencing explosive growth, captivating investors and sending ripples through the stock market. Super Micro Computer (NASDAQ: SMCI) is a leading high-performance computing and AI infrastructure provider. Super Micro’s financials show that it has ... Read the Full Story |
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From Our Partners | | CPA and CFA says you have WAY too many stocks - just buy these 3
After years working at the biggest accounting firms like Deloitte and KPMG, Joel Litman (who’s also a member of the Global CFA Institute) figured out a unique, less-risky way to grow rich in the stock market. Litman says you don’t need dozens of investments, overpriced advisers, or hedge funds. You just need these 3 stocks, which have helped Litman’s own mom earn 3,400%. | | Click here to view… |
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The typical advice in the financial market is to never blindly follow a whale investor like Warren Buffett. However, these investors' reverse-engineering investment decisions can often prove helpful. Today, Warren Buffett didn't buy more shares of Occidental Petroleum Co. (NYSE: OXY) because the e... Read the Full Story |
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Markets | | | Elections have consequences for financial markets. But what that means for investors is often hard to predict.Just look at France, where the threat of electoral losses for the president’s centrist party recently sent the French stock market to its worst week in more than two years. Or India, where q... Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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Plant-based meat producer Beyond Meat Inc. (NASDAQ: BYND) has a 39.81% short interest. Sentiment is negative for the stock as it continues to fall lower, trading down more than 25% year-to-date (YTD). The stock recently provided investors with a fleeting lifeline, briefly jumping to $10.31 on a sh... Read the Full Story |
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VinFast Auto Ltd. (NASDAQ: VFS) is a Vietnamese manufacturer of electric vehicles (EVs), e-buses, and e-scooters. The start-up company is pursuing an aggressive EV expansion strategy growing in the United States, Europe and Southeast Asia. VinFast officially signed agreements with 12 new dealers... Read the Full Story |
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From Our Partners | | The Tesla Shock Nobody Sees Coming
While headlines scream "Tesla is doomed"...
Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs.
One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd. | | Click here to see the Tesla shock that could blindside everyone. |
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Markets | | | Japan's exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen ($7.7 billion), down nearly 12% from 1.38 trillion yen a year earlier. Import... Read the Full Story |
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Markets | | | World stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession.The future for the Dow Jones Industrial Average was down 0.1% while that for the S&P 500 rose 0.1%. U.S. markets are cl... Read the Full Story |
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Markets | | | Toyota shareholders have voted in support of all of the company's proposals at their annual meeting, including keeping Akio Toyoda, the grandson of the Japanese automaker’s founder, as chairman of the board Read the Full Story |
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3M (NYSE: MMM) is turning a corner. The company wasn’t hurt by ailing business so much as lawsuits related to legacy businesses that are now primarily in the past. The settlements may still be appealed or amended, but the $18-odd billion in damages is close to the final payments expected. Th... Read the Full Story |
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Markets | | | Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms. Playtika Holding Corp. was founded in 2010 and is headquartered in Herzliya Pituach, Israel. Playtika Holding Corp. is a subsidiary of Playtika Holding UK II Limited. | | View Today's Stock Pick |
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