Good MorningEquity extended their rebounded on Tuesday after a better-than-expected PPI report. The headline PPI came in weaker than expected month-to-month and fell an unexpected 50 basis points compared to last year. However, as good as the headline figures are, the core data remains a problem. Core producer-level inflation accelerated to 3.3% YoY, which does not align with the need for a rate cut.
The S&P 500 gained more than 1.5% on the news, but investors are cautioned that this is likely a relief rally within a downtrend. The FOMC is on track to cut rates but is unlikely to cut as much or as frequently as the market expects. Pent-up demand within the economy will likely accelerate inflation once rates are lowered. Today's CPI data will shed more light on the subject. Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Markets | | |
For most investors, the best fit for their capital is a passive index fund or mutual fund, which outsources their financial future to the hands of the stock market, often the S&P 500. While this is the surefire way to build capital over the long term, another way could provide a faster path to... Read the Full Story |
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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
And a new twist to the AI boom that could make a lot of people rich. | | Click here to see the details on what could be the biggest tech story of this decade. |
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Stocks | | |
The recent market turbulence has left many investors and spectators on the sidelines, questioning whether now is the time to invest in some of the most prominent names in the stock market.
After a significant double-digit decline from its 52-week highs, the market (SPY) has shown signs of r... Read the Full Story |
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Markets | | |
Investors digested the sudden spike in volatility last week, bringing stock market indexes lower across the global financial markets. What arguably started with Japan’s interest rate hikes, which triggered an unwind in the so-called “Carry Trade,” has become top of mind for those... 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 | | | U.S. stocks ticked higher in a quiet Wednesday after the latest update on inflation came in almost exactly as economists expected.The S&P 500 rose 0.4% to follow up on one of its best days of the year and climb within 3.7% of its all-time high set last month. The Dow Jones Industrial Average ga... Read the Full Story |
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Markets | | |
Global coffeehouse chain and coffee supplier Starbucks Co. (NASDAQ: SBUX) made a bombshell announcement that it is replacing current CEO Laxman Narasimhan with the current CEO of Chipotle Mexican Grill Inc. (NYSE: CMG) Brian Niccol. The news caused Starbucks shares to surge by 22% in premarket t... 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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Markets | | |
On Holdings’ (NYSE: ONON) Q2 results were mixed regarding the analysts' expectations, but that is the only thing to hold against them. The strengthening of the Swiss franc impacts the details, which are still robust in every way and driving the stock price higher.
The critical detai... Read the Full Story |
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Markets | | | Donald Trump made little effort to stay on message Wednesday at a rally in North Carolina that his campaign billed as a big economic address, mixing pledges to slash energy prices and “unleash economic abundance” with familiar off-script tangents on Democratic nominee Kamala Harris’ laugh, the mecha... Read the Full Story |
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Stocks | | | Elliott Investment Management is launching a proxy fight with Southwest Airlines and plans to nominate 10 candidates for the 15-member board of an the airline where performance has lagged behind competitors. The hedge fund said late Tuesday that naming a slate of director candidates marks “a key ste... Read the Full Story |
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Markets | | | In 2018, when Chipotle was reeling from multiple food poisoning outbreaks that had sickened 1,100 people, the company called Taco Bell CEO Brian Niccol to turn things around.As Chipotle's chairman and CEO, Niccol beefed up marketing and product innovation, added a loyalty program and improved store ... Read the Full Story |
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Markets | | | Home Depot’s second quarter sales rose slightly as the nation’s biggest home improvement retailer booked gains from a recent acquisition, but customers reined in spending because of broadly higher costs and elevated interest rates Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Newmark Group, Inc. provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners. It also provides tenant representation leasing; and global corporate services consisting of workplace and occupancy strategy, energy and sustainability services, technology, project management, real estate and lease administration, and facilities management. The company offers its services to commercial real estate tenants, investors, owners, occupiers, and developers; lenders; small and medium size businesses; and multi-national corporations. The company was formerly known as Newmark Grubb Knight Frank Capital Group and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. Newmark Group, Inc.operates is a subsidiary of Cantor Fitzgerald, L.P. | | View Today's Stock Pick |
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