Good MorningEquity markets rebounded strongly last week as fears of recession faded away. The melt-up in sentiment was driven by better-than-expected data, including the CPI and retail sales figures. CPI cooled in alignment with the outlook for FOMC interest rate cuts while retail sales grew more than 2% over the last year, outpacing the consensus estimate. However, the good news is shaded by the fact that economic resilience and cooling inflation mean the FOMC doesn't need to cut rates as aggressively as the market has begun to price, bringing the risk of higher-for-longer back into play.
This week's hurdles will include minutes from the last Fed meeting, earnings reports from retailers, and the start of the Jackson Hole Symposium. Retail earnings are expected to be mixed after last week's reports from Walmart and Home Depot. The takeaway is that retail spending is up due to inflation and discretionary items continue to be cut from consumer budgets. Featured: Elon’s BIGGEST warning yet? (Ad) 
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As the second quarter comes to a wrap-up for the stock market, so do the required 13-F filings for some of Wall Street’s biggest investors. This time around, Warren Buffett’s report card came in due to a shift in markets in one view and direction. Investors would greatly benefit from n... Read the Full Story |
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From Our Partners | | I made a mistake.
A mistake I feel very foolish about.
After speaking with Donald Trump and some of his advisors, I believed him.
I believed the promise that he would finally confront the single most dangerous threat to American life. That he would fix the ticking time bomb I’ve been warning about for 15 years.
But I was wrong. | | Let me show you exactly what we’re doing to prepare. |
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Stocks | | | U.S. stocks climbed Monday as Wall Street pulls closer to its record heights following its roller coaster of a summer. The S&P 500 rallied 1% for its eighth straight gain. That clinched its longest winning streak since November and followed up on the index’s best week of the year. It’s back to ... Read the Full Story |
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Stocks | | | Wall Street coasted to the close of its best week since November, as U.S. stocks drifted a bit higher Friday. The S&P 500 rose 0.2% for a seventh straight gain and pulled back within 2% of its all-time high set last month. The Dow Jones Industrial Average gained 96 points, or 0.2%, and the Nasd... Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Most investors are unwilling to put their capital to work in overseas markets, as it is a more intangible idea, and they will likely not have the chance to see the companies they invest in at work or in person. More than that, geopolitical tensions and cultural differences make investing in China&... Read the Full Story |
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Markets | | | Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week's Democratic National Convention.At his New Jersey golf club, the Republican nominee blended falsehoods about the economy with misleading... Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Markets | | | A federal judge has struck down Missouri investment regulations that Republican Secretary of State Jay Ashcroft had touted as way to expose financial institutions that “put woke politics ahead of investment returns.”The Missouri regulations, issued by Ashcroft's office, infringed on the free speech ... Read the Full Story |
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AlTi Global (NASDAQ: ALTI) is an independent registered investment advisor (RIA) that manages or advises on $72 billion in assets worldwide. Since going public via a special purpose acquisition company (SPAC), the company’s shares have fallen by 58%.
However, one analyst sees a +100%... Read the Full Story |
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Markets | | | A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month.The University of Michigan's consumer sentiment index edged up to 67.8 after coming in at 66.4 in July. Americans' expectations for the future rose, while their asse... Read the Full Story |
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Cisco Systems (NASDAQ: CSCO) is a U.S. technology firm and is the world’s largest company in the communications equipment industry. Shares have seen significant underperformance compared to its sector, down 4%. The Communication Services Select Sector SPDR Fund (NYSEARCA: XLC) is up nearly 1... Read the Full Story |
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Bumble (NASDAQ: BMBL) is one of the most well-known online dating companies in the world. After the firm's most recent earnings release on Aug. 7, its shares lost nearly a third of their value. Year-to-date, shares are down 60%.
It is now at the lowest forward price-to-earnings multiple in its ... Read the Full Story |
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Monday's Early Bird Stock Of The Day ZoomInfo Technologies Inc., together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle. It serves enterprises, mid-market companies, and down to small businesses that operate in various industry, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate. The company was founded in 2007 and is headquartered in Vancouver, Washington. | | View Today's Stock Pick |
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