Good MorningEquity markets advanced the previous week, but the signs of economic cracking continue to grow. The S&P 500 moved higher for the session and set another new high despite the signs of cracking an expectation for the FOMC to hike rates by another 25 basis points. The move would put the base rate at the highest level in nearly 2 decades, and there is a chance this won't be the last cut. More information will come out on Wednesday with the Fed's policy statement and Friday when the PCE price index is released. This week is also the busiest week of the Q2 earnings reporting season. Nearly 200 S&P 500 companies will report bringing the total for the season close to 50%. There is a high expectation that the season will end better than expected relative to its start but the outlook continues to decline. In this scenario, there is little reason for the market to sustain a rally and every reason to think a top in the market is near. Featured: Stock-picking System Predicts Top Stocks of 2023 (Chaikin Analytics) |
Markets | | AutoNation (NYSE: AN) has reported its second quarter 2023 earnings results to end a tumultuous week in the stock market, sending the stock plummeting upon the release. Investors may be scratching their heads when seeing that all the KPIs (Key Performance Indicators) in the business came out al... Read the Full Story >> |
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Markets | | Ross Stores Inc. (NASDAQ: ROST) is trading higher for the week, following news that the company is opening new locations at a fast pace and is on track to add about 100 new stores during fiscal 2023. The stock has been forming a cup-shaped pattern that’s corrected 19% so far over 28 w... Read the Full Story >> |
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Markets | | Analysts have been vocal lately about U.S. Bancorp’s (NYSE: USB) potential, emphasizing that shares have been undervalued as investors focused on requirements for capital holdings. U.S. Bancorp shares climbed 6.46% in heavy volume on July 19, following the bank’s second-quarter ... Read the Full Story >> |
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Markets | | World shares were mixed on Monday as investors cautiously awaited another interest rate hike by the Federal Reserve. Benchmarks rose in London, Tokyo and Frankfurt but fell in Paris and Shanghai. U.S. futures edged higher while oil prices fell.U.S. futures edged lower and oil prices also fell. The F... Read the Full Story >> |
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Markets | | Could this be the last year that Alibaba Group Holding Limited (NYSE:BABA) trades below $100 per share? China’s e-commerce leader sits more than 70% below its October 2020 peak. Albeit during the bursting dot com bubble, it is reminiscent of when Amazon.com dipped as low as $5.60 in 2001. T... Read the Full Story >> |
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From Our PartnersWe found a company that's emerged as a key player in the block-chain space. Its shares moved approx. 160% in a single session after opening at $.005 on 7/3/23 and reached $.013 intraday. The global block-chain tech market is projected to reach $1.5Tn by 2030. | Interested? Click here |
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Markets | | Russia has repeatedly fired missiles and drones at Ukrainian ports key to sending grain to the world. Moscow has declared large swaths of the Black Sea dangerous for shipping. Even the U.S. said ships are at risk of being targeted.There is still interest from ship owners in carrying Ukrainian grain ... Read the Full Story >> |
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Markets | | Shares of the credit card and services giant American Express (NYSE: AXP) are trading lower by as much as 5.5% during Friday's trading session, scaring some investors and exciting some as well; patient value investors need to decide which side of the emotional spectrum they will fall on today... Read the Full Story >> |
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Markets | | When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive "soft landing" — the feat of curbing inflation without causing a deep recession Read the Full Story >> |
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Markets | | Barbie, the iconic doll brand, will debut its highly anticipated movie on July 21. This groundbreaking movie not only promises much-needed nostalgia but will also serve as a catalyst for Barbie to further acquire the multicultural consumer. Over the years, Barbie has recognized the importance of emb... Read the Full Story >> |
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Markets | | Trouble is brewing for Anheuser-Busch (ABI). Following the company's controversial Instagram collaboration with transgender actress/influencer Dylan Mulvaney, Bud Light sales plummeted 26% (compared to 2022), two marketing executives were placed on leave, and distributor sales dropped nearly 30%. In... Read the Full Story >> |
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The Early Bird Stock Of The DayMonday: Stock Being Downgraded Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or rela... | View Today's Stock Pick |
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