Good MorningEquity markets continued to hover near all-time highs on Thursday as market participants held their breath in anticipation of Friday's PCE price index. All hopes are hung on the PCE price index because it is the key to unlocking FOMC policy. The index needs to trend lower, closer to the 2% target, for the committee to cut interest rates and has been sluggish in its movement. The S&P can continue to climb higher so long as the PCE index falls, but there is a fatigue risk. The longer it takes for the Fed to cut rates, the greater the risk of a deep market correction and the deeper the correction could be.
The market will get some reprieve next week. The Fourth of July Holiday is on Wednesday, the market is closed, and there are few earnings reports and economic data on the calendar. The next hurdle for the market will come the following week when the Q2 earnings reporting season begins. The first critical report will be from JPMorgan Chase & Co., which is expected to show steady top-line growth but with a narrower margin. Featured: 5 Stocks Poised to Soar Under Trump's Presidency (Ad) 
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Some investors have shied away from looking at consumer discretionary stocks as the U.S. consumer struggles with inflation pressures and an uncertain timeline as to whether the Federal Reserve will actually sweep in to cut interest rates this year. In addition to this bearish view, U.S. consumer s... Read the Full Story |
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Micron (NASDAQ: MU) shares fell a significant 5% in after-market trading due to its Q3 results and guidance for Q4. However, nothing in the report gives cause to sell and every reason to buy. The results were better than expected; the company revealed market share gains in the critical data center... Read the Full Story |
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Despite what most market investors may believe, the new business model taking over the consumer discretionary sector and even the financial industry is here to stay much longer. Known as buy now, pay later (BNPL), this business model is precisely what today’s consumer needs as the U.S. econo... Read the Full Story |
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From Our Partners2025 is off to a turbulent start—markets are swinging wildly, inflation pressures remain high, and recession fears are creeping back into headlines.
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Stocks | | | Stocks on Wall Street gave up early gains and finished lower Friday, ending a three-week winning streak for the S&P 500.A flurry of selling late in the day left the benchmark index 0.4% lower and in the red for the week. The Nasdaq composite fell 0.7%, while the Dow Jones Industrial Average ende... Read the Full Story |
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Progress Software (NASDAQ: PRGS) is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date. The firm reported its second-quarter financial results on Jun. 25, 2024, and is back in the green, now up almost... Read the Full Story |
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From Our PartnersWhat If Washington Declared That:
YOUR Money ISN'T Actually Yours?
Sounds insane, but that's exactly what the Department of Justice just admitted in court—claiming cash isn't legally your property.
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Markets | | | The site of Tokyo’s famed Tsukiji fish market, left empty after it was razed six years ago, will be replaced by a scenic waterfront stadium and glistening skyscrapers according to plans for its redevelopment that are facing some staunch opposition. A computer graphic video of plans for the 900 billi... Read the Full Story |
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Markets | | | Walgreens is finalizing a plan to fix its U.S. business that could result in closing hundreds of additional stores over the next three years.CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the company's stores, which he said were underperforming. The dru... Read the Full Story |
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Markets | | | The Czech Republic’s central bank on Thursday cut its key interest rate for the fifth time in a row as inflation remains low and the economy is showing signs of recovery.The cut, which had been predicted by analysts, brought the interest rate down by a half-percentage point, to 4.75%. The bank start... Read the Full Story |
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Markets | | | The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said Thursday in a slight upgrade from its previous estimate. Consumer spending grew at just a 1.5% rate, down from an initial estimate of 2%, in a sign that... Read the Full Story |
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BlackBerry (NYSE: BB), one of the many companies that was once part of the “meme stocks” craze, is a technology firm that has transitioned its business from its handheld devices of the 2000s. The firm's operations now revolve around cybersecurity and Internet of Things (IoT) solu... Read the Full Story |
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Friday's Early Bird Stock Of The Day PBF Energy Inc., through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, Mexico, and internationally. It is also involved in the provision of various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. The company was founded in 2008 and is based in Parsippany, New Jersey. | | View Today's Stock Pick |
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