Good MorningEquity markets retreated from a record high on Thursday as traders showed caution ahead of the NFP release today. The NFP is expected to confirm healthy labor markets but show softening that may lead the FOMC to act. The latest read from ADP shows jobs growing, but at a sluggish pace of 150,000, below what many deem strong or robust levels. The risk for investors expecting the FOMC to cut rates sooner rather than later is that 150,000 net new jobs, stable unemployment, and rising wages are enough to keep the FOMC from cutting, given the state of inflation. The pace of inflation is slowing but still sufficiently high to warrant tight policy. At the current pace of minus ten basis points in five months, the first cut may not come until next year.
Results from GameStop will be at the top of everyone's list Friday. The meme stock is set to report before the bell and may issue a better-than-expected report and spark another massive rally. The caveat is that better-than-expected would be relative to the low bar set by management, which is still terrible given the expectation for significant revenue and profitability declines. The brightest spot of the report will be the balance sheet, which will reflect the recent, highly dilutive share sale. Featured: The Pentagon just made a National Security move... (Ad) 
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Nvidia (NASDAQ: NVDA) has become synonymous with the artificial intelligence revolution. Nvidia’s stock price has surged over recent months, propelled by a multitude of factors. These factors include its dominant position in the AI chip market, the upcoming stock split, and a rapidly evolv... Read the Full Story |
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Markets | | | Have you been wondering how to invest in biotech stocks? You may have watched biotechs rally fast and post significant gains and felt you missed out. You may also have seen biotechs and biopharma stocks reward shareholders when acquired.
There are a few factors to consider when considering investin... Read the Full Story |
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Stocks | | | They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good Read the Full Story |
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Novavax (NASDAQ: NVAX) is a drug and vaccine manufacturer in the healthcare sector known for its efforts in the COVID-19 vaccine market. Novavax’s stock price has experienced a remarkable surge recently, attracting significant attention from investors and Novavax’s analyst community. W... Read the Full Story |
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If fundamental investors are investigating, then the price action behind shares of GameStop Corp. (NYSE: GME) other than a few tweets that would be considered borderline stock manipulation from Keith Gill, A.K.A. 'Roaring Kitty.' This is not the first time Kitty has come on the scene to make GameS... Read the Full Story |
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Market leadership aside, Microsoft (NASDAQ: MSFT) has plenty of room to run. From a market perspective, there is still an untapped total addressable market and market penetration to drive results and valuation over the next decade. The latest estimates show that Internet use is still less than 70%... Read the Full Story |
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Markets | | | Stocks slipped and Treasury yields rose sharply Friday after the government released a jobs report whose headline numbers came in hotter than expected.Overall, the report suggests markets may have to wait even longer for interest rate cuts from the Federal Reserve. The S&P 500 fell 5.97 points, ... Read the Full Story |
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Markets | | | America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates Read the Full Story |
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Markets | | | The average rate on a 30-year mortgage dipped to just below 7% this week, little relief for prospective homebuyers already facing the challenges of rising housing prices and a relatively limited inventory of homes on the market Read the Full Story |
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Markets | | | Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million in cash as the company looks to speed up its cryptocurrency expansion globally.Bitstamp, founded in 2011, has offices in Luxembourg, the UK, Slovenia, Singapore, and the US. It has more than 50 active licenses an... Read the Full Story |
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Friday's Early Bird Stock Of The Day Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland. | | View Today's Stock Pick |
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