Good MorningEquity markets moved higher on Monday to put the S&P 500 at its highest closing level in over a year. The move was driven by a lack of news more than anything else as the market takes a breath in wait for what's to come this week. On the earnings front, the market expects reports from nearly 200 S&P 500 companies, making this the busiest week of the reporting cycle. Reports from Microsoft to The Coca-Company are due out and will give more evidence of what to expect from the 2nd half of the year. On the economic front, the market is waiting for the Fed's next move and the most recent data on inflation. The Fed meets on Tuesday and Wednesday and is expected to hike rates by another 25 basis points. The question is what they do next, and the answer may come on Friday. The PCE price index is due out on Friday and is expected to moderate. If the index is cooler than expected, it could lead the market to new highs. If not, the threat of FOMC rate hikes will linger and weigh on the market. Featured: WARNING: These 110 Banks Are Planning to Replace the U.S. Dollar (Legacy Research) |
Stocks | | On July 26, the Federal Reserve is likely to raise interest rates by 25 basis points (0.25%). As much hype as analysts put on the Federal Reserve’s decision, the announcement itself tends to be a non-event. The Fed doesn’t like to surprise Wall Street and generally doesn’t. &n... Read the Full Story >> |
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Markets | | Payment processing specialist Shift4 Payments Inc. (NYSE: FOUR) formed a bullish base below resistance at $76.40. Its second-quarter earnings report on August 3 is a possible catalyst for a significant price move. Shift4 is part of the payment processors sub-industry, which includ... Read the Full Story >> |
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Markets | | Global stock markets and Wall Street futures are mixed after China's ruling Communist Party promised to shore up its sagging economy ahead of a Federal Reserve meeting traders hope will announce this interest rate cycle's final increase Read the Full Story >> |
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From Our PartnersPlease, pay close attention because if your bank is on this "blacklist" with 110 banks, your entire life savings could be at risk.
According to this famous banker, you must move your cash before July 26… | | PREPARE NOW. |
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Markets | | The recent rally in erstwhile tech leader Cloudflare Inc. (NYSE: NET) is a good reminder of why it’s important to stay up to speed on sector rotation, as it can have a big impact on your overall return. The stock recently rebounded from a decline after its most recent earnings report.... Read the Full Story >> |
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Markets | | AT&T Inc. (NYSE:T) is being haunted by a ghost of telecommunications past. Emerging concerns about the lead content of the industry’s legacy cables spooked environmentalists and investors alike last week. A Wall Street Journal investigation revealed that toxic telephone wiring may... Read the Full Story >> |
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Markets | | When Under Armour, Inc. (NYSE: UAA) reports quarterly results next week, Wall Street won’t be expecting much — and that’s a good thing. Analysts project that the athletic clothing manufacturer will report $1.3 billion in revenue. It would be its lowest top line figure in two years... Read the Full Story >> |
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Markets | | Swiss banking giant UBS will pay nearly $400 million in fines to U.S., Swiss and U.K. banking authorities for the management failures of Credit Suisse, which UBS bought in June, related to how Credit Suisse handled its relationship with collapsed hedge fund Archegos Capital Management. Archegos fail... Read the Full Story >> |
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Markets | | Swiss banking giant UBS will pay nearly $400 million in fines to U.S., Swiss and U.K. banking authorities for the management failures of Credit Suisse, which UBS bought in June, related to how Credit Suisse handled its relationship with collapsed hedge fund Archegos Capital Management. Archegos fail... Read the Full Story >> |
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Markets | | Venture capitalists are always on the lookout for the next big thing, and most of them review hundreds of decks monthly. Seasoned VCs need 30 seconds to decide whether the pitch deck is worthy and whether they should proceed and arrange a meeting with the founder.If you're an entrepreneur looking fo... Read the Full Story >> |
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Markets | | A popular TikTok influencer is facing jail time in Dubai after allegedly getting into an altercation with a car rental employee in the Middle Eastern country.Houston-based creator Tierra Young Allen has been detained in Dubai since May for allegedly "screaming in public" after getting into a fender ... Read the Full Story >> |
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The Early Bird Stock Of The DayTuesday: Stock Being Upgraded Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented comme... | View Today's Stock Pick |
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