Good MorningEquity markets started September sourly, with the S&P 500 falling more than 2.35% at the session's low. The move confirms the presence of technical resistance at an all-time high and sets the market up for a deeper decline. If no catalyst emerges for higher prices, the market could fall another 7.5% to retest support at the recent lows. There is a risk for a lower low in that scenario because a double-top would form in the market.
There are catalysts for stocks this week, the primary one being the NFP report on Friday. It is expected to show steady job creation and falling inflation, data that will not lead the FOMC to cut rates. At 162,000 new jobs and 4.2% unemployment, the data would align with healthy labor market conditions and negate the need for aggressive interest cuts, if not interest rate cuts in general. Featured: CNBC’s ‘Prophet’ issues urgent Fed warning (Stansberry Research) 
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When investors face the current volatility and uncertainty in the stock market, it might be hard to keep a cool head and stay away from the sell button. However, this is precisely when they should scour the market for better opportunities and deals. Keeping the fundamentals front and center will a... Read the Full Story |
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Most stock market investors are often worried about one market and one market alone: the U.S. stock market and its recent developments. They often fail to recognize that today’s global economy is more connected than ever before, so what happens in one country affects other countries (and the... Read the Full Story |
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Stocks | | | U.S. stocks tumbled Tuesday to their worst day since an early August sell-off, as a week full of updates on the economy got off to a discouragingly weak start. The S&P 500 sank 2.1% to give back a chunk of the gains from a three-week winning streak that had carried it to the cusp of its all-time... Read the Full Story |
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Bears will always have a reason to bet against the market, even a roaring one like today’s S&P 500 making high after high. Not even the so-called carry trade sell-off triggered by the Japanese yen and U.S. dollar could keep the market down, as it swiftly recovered a couple of days later.... Read the Full Story |
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No-brainer stocks are easy to own because they require little analysis to uncover their strengths, which include growth, cash flow, fortress balance sheets, and capital returns. From the buy-and-hold perspective, they fit right into the Warren Buffett school of investing and can deliver value for ... Read the Full Story |
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As a leading provider of data storage solutions, Western Digital Co. (NASDAQ: WDC) stands at the forefront as a key benefactor of the artificial intelligence (AI) data cycle. AI requires processing power from GPUs, low latency networking from optical controllers, and massive stora... Read the Full Story |
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Markets | | | U.S. stock indexes lost more ground Wednesday, with declines in the technology, energy and other sectors adding to Wall Street's losses a day after the market’s worst skid in a month. The S&P 500 fell 0.2% following Tuesday's 2.1% drop. The Nasdaq composite shed 0.3%. The Dow Jones Industrial Av... Read the Full Story |
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Stocks | | | Elliott Investment Management, a hedge fund urging Southwest Airlines to dump its CEO and chairman, said Tuesday it has acquired enough of the company's stock to call a special meeting of shareholders.The move gives Elliott, the Paul Singer-led investment fund, more leverage in its proxy fight headi... Read the Full Story |
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Markets | | | Global shares are mixed in cautious trading ahead of the Labor Day holiday in the U.S. Investors also are looking ahead to the U.S. employment report set for release later this week for an indication of the strength of the American economy Read the Full Story |
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Markets | | | Lebanon's controversial former central bank governor was detained Tuesday after being questioned in several corruption cases, according to three judicial officials. Salameh served a 30-year term as central bank governor beginning in 1993.Though he was widely celebrated for his role in Lebanon's econ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana. | | View Today's Stock Pick |
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