Good MorningEquity markets bounced back on Thursday following Wednesday’s slide. The onslaught of earnings reports continues to be better than expected and is lifting investor sentiment. While inflation is a big part of the story, margins are holding up and earnings remain strong. So long as this scenario remains intact the S&P 500 should continue to move higher but there is a risk. The PCE index is going to be released today and could put an end to investor euphoria.
Rising prices and inflation are already cutting into the volume of business done by retail companies, if the PCE indicates hotter than expected inflation the outlook for future sales and earnings will sour.
Next week, the deluge of earnings reports will continue with the addition of some key economic releases as well. The Nonfarm payrolls report is due out on Friday and there are a host of other important releases due out during the week.
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Wouldn’t it be great if a stock’s chart and fundamentals said the same thing? It doesn’t always happen, but when it does, it can sure strengthen a bullish investment thesis.
Classic chart patterns emerge daily across capitalizations and sectors. So do the opinions of sell-side r... Read the Full Story |
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Stocks | | | That’s why we often see growth companies get brutally punished for failing to exceed expectations or take off and rally on surprisingly good numbers. If you are trying to identify some quality growth stocks to buy after reporting impressive earnings, here are 3 names Read the Full Story |
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Politics | | | Asian shares were mixed Friday, amid recent signs of optimism about the global economy, including recent rallies on Wall Street.
Japan's benchmark Nikkei 225 recovered after falling in morning trading to finish up 0.3% at 28,892.69, as investors mostly took a wait-and-see attitude ah... Read the Full Story |
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Politics | | | The G-20, whose annual summit plays out in Rome this weekend, has morphed from its creation in the 1990s as an international group to grapple with financial crises into a forum facing such pressing problems as worldwide vaccine access and climate change Read the Full Story |
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Politics | | | Leaders of the Group of 20 countries gathering for their first in-person summit since the pandemic took hold will confront a global recovery hampered by a series of stumbling blocks: an energy crunch spurring higher fuel and utility prices, new COVID-19 outbreaks and logjams in the supply chains tha... Read the Full Story |
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Markets | | | The automotive industry is struggling with systemic issues but, by all accounts, still doing quite well. While the major OEMs are cutting back on production sales remain robust and the outlook for the industry is healthy. Read the Full Story |
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Politics | | | Global shares were mostly lower on Friday despite the latest rally on Wall Street.
France's CAC 40 lost 0.4% in early trading to 6,774.23, while Germany's DAX dipped 0.8% to 15,575.63. Britain's FTSE 100 shed 0.4% to 7,218.11. The future for the Dow industrials was 0.2% lower at 35,5... Read the Full Story |
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Politics | | | This year's U.N. climate summit renews an urgent question to the international community: Can the world come together to confront the common enemy of global warming before it's too late?
The talks that start Sunday in Scotland were always bound to be tense, but the coronavirus pandemi... Read the Full Story |
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Markets | | | When Saia (NASDAQ: SAIA) decided to open a new terminal in Virginia the move was met with some criticism. Although demand within the industry is high and warrants such a move, ultra-tight labor conditions suggest it may be a bigger bite than the company can chew. Read the Full Story |
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Stocks | | |
Digital financial services company Sofi Technologies (NASDAQ: SOFI) stock is gaining a new resurgence as it attempts to climb towards all-time highs. The fintech has expanded its financial services to become a one-stop shop for banking, investing, lending, budgeting, wealth planning, and credit ca... Read the Full Story |
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