Good MorningU.S. equities trading turned sour on Wednesday despite better than expected earnings from the broad majority of S&P 500 companies. The new concern comes from Capital Hill in the form of possible tax increases on the wealthy. The latest proposal to hit the table isn’t new but it is controversial. Democrats want to tax unrealized gains on stocks and other assets effectively creating an annual must-sell environment for investors.
As dark as the tax cloud is, the real risk for the market is still tomorrow’s PCE price index. The market is still expecting PCE prices to moderate on a month-to-month basis even though the constant among earnings reports is higher prices. If the PCE price index comes in much hotter than expected it would reaffirm the need for higher interest rates and possibly put an end to the stock market rally.
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These 3 Stocks Could Be in for a Big November
As we head into the month of November, many investors are trying to digest some of the latest earnings releases from the biggest names in the market and want to determine if an end-of-year rally is on the cards. With markets trading around all-time hi... Read the Full Story |
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From Our PartnersPlant Veda is set to rocket in the accelerating multi-billion dollar plant-based movement! | | | | Continue Reading |
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Politics | | | Top executives at ExxonMobil and other oil giants are set to testify at a landmark House hearing Thursday as congressional Democrats investigate what they describe as a decades-long, industry-wide campaign to spread disinformation about the role of fossil fuels in causing global warming Read the Full Story |
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Politics | | | European gas prices dropped Thursday after Russian President Vladimir Putin instructed the country's major natural gas company to pump more gas into EU storages.
Europe's gas prices have soared in recent weeks amid strong demand in Asia driven by the economic recovery from the pandemi... Read the Full Story |
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From Our PartnersNearly a decade ago, two ambitious entrepreneurs in the Seattle area saw the potential behind Washington State's referendum to legalize recreational use of cannabis. They created a company that has seen sales grow 8X in just a few years. Now they're poised to double sales again, expand nationwide. | | Get All the Details in Brand-New Special Report! |
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Politics | | | European Central Bank officials are confronting the highest inflation in more than a decade and supply shortages that are holding back the pandemic recovery as they decide monetary policy Thursday for the 19 European Union countries that use the euro currency.
The meeting of the 25-m... Read the Full Story |
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Stocks | | |
Hydrogen fuel cell technology provider FuelCell Energy (NASDAQ: FCEL) stock put in a bottom after falling more than (-75%) off its yearly highs of $20.97 made in February 2021. The pandemic winner was lifted on the clean and renewable energy hype and momentum driven momentum from the global decarb... Read the Full Story |
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From Our PartnersLed by ex “Big Tobacco” execs, this company is disrupting the world with a new cigarette. | | | | Continue Reading |
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Stocks | | |
Lithium technology and development company Standard Lithium (NYSE: SLI) stock has been on a tear this year trading up over 500%. This little-known company is testing a carbon capture technology in addition to a patent-pending lithium extraction process (LiSTR) that can improve both the purity and ... Read the Full Story |
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Tech | | | Sony reported Thursday that its profit fell 54% in the last quarter, mainly due to a one-time tax-related gain that inflated last year’s number.
The Japanese electronics and entertainment company managed to maintain results despite the coronavirus pandemic, reporting a 13% rise in qu... Read the Full Story |
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Tech | | | Shares slipped Thursday in Europe and Asia after a retreat on Wall Street pulled the S&P 500 and the Dow Jones Industrial Average back from their latest record highs.
Shares fell in London, Frankfurt, Tokyo and Shanghai but rose in Paris.
A steady flow of corporat... Read the Full Story |
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Markets | | | Given the state of today’s labor market, it is truly surprising to see McDonald’s (NYSE: MCD) not only meet the consensus estimates for revenue but blow right through them. The company is a testament to the idea that bigger is better as it has been able to overcome widespread store closings, cut back hours, and the reduction or elimination of in-store dining. Read the Full Story |
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Markets | | |
To some people, the idea that giving money away attracts wealth seems like a lot of hokum, but others firmly believe that living a life of abundance can make you a millionaire.
When you give back, the argument is that this type of abundant act flows back toward you. Not only do you feel good, you... Read the Full Story |
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The Early Bird Stock Of The Day Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as air separation, hydrogen, synthesis, olefin, and natural gas plants. It serves a range of industries, including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. The company was founded in 1879 and is based in Woking, the United Kingdom. | | View Today's Stock Pick |
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