Good MorningEquity markets tumbled last week but regained their footing by the end of the week. The S&P 500 fell 3.25% at the low of the week to break the 4,300 level but bounced back on Friday to confirm support. The market decline was driven by the rising fears of inflation and systemic challenges reported by the vast majority of company’s. The risk for the market now is that the earnings outlook will continue to deteriorate as we move into the peak of the Q3 earnings reporting season.
This week also brings the September read on job creation. The latest report of unemployment claims suggests the September NFP could be well over 1 million and possibly 2 million net new jobs created. Regardless, the NFP is expected to produce a solid gain in jobs which is some much-needed good news because labor shortages are a driving concern market-wide.
Featured: 69% a year return. One type of stock. Really? (Investing Daily) 
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When it comes to rooting for professional sports teams, hopping on the bandwagon generally has negative connotations. It can be associated with a lack of ingenuity and a simple-minded herd following.
In stock investing, hopping on the bandwagon can be an effective strategy. In fact, it has its ow... Read the Full Story |
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From Our PartnersWeiss Ratings, the only financial ratings agency in the world that provides ratings on cryptocurrencies, is now publishing a list of rare, undiscovered cryptos with the best potential to become the next Bitcoins. They won't replace Bitcoin. But collectively, they could create more wealth for early investors than Bitcoin ever has or probably ever will. | | To find out more, go here now. |
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Markets | | | Asian markets were mixed on Monday, with Hong Kong’s benchmark down more than 2% after troubled property developer China Evergrande’s shares were suspended from trading.
China Evergrande did not say why it halted trading of its shares, but a Chinese financial news ... Read the Full Story |
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Markets | | | Robotic medical equipment maker Intuitive Surgical (NASDAQ: ISRG) is correcting below its September 8 high of $1087.01. Analysts are eyeing double-digit earnings growth in 2021 and 2022, after a slowdown in 2020. Read the Full Story |
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Markets | | | Global stocks have fallen, with Hong Kong’s benchmark down more than 2% after troubled property developer China Evergrande’s shares were suspended from trading.
Shares opened lower in Paris, Frankfurt and Tokyo. U.S. futures also declined.
China Evergr... Read the Full Story |
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Politics | | | Shares in troubled real estate developer China Evergrande Group and its property management unit Evergrande Property Services were suspended from trading in Hong Kong on Monday as investors awaited the next steps in the saga of its debt crisis.
Cailian, a Chinese online news service ... Read the Full Story |
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Politics | | | Japan's parliament on Monday elected Fumio Kishida, a former moderate turned hawk, as prime minister. He'll face an economy battered by the pandemic, security threats from China and North Korea and leadership of a political party whose popularity is sagging ahead of a fast-approaching crucial nation... Read the Full Story |
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Politics | | | British military personnel have begun delivering fuel to gas stations after a shortage of truck drivers disrupted supplies for more than a week, leading to long lines at the pumps as anxious drivers scrambled to fill their tanks.
About 200 service personnel were deployed Monday to boo... Read the Full Story |
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Markets | | | Airline carrier American Airlines Group, Inc. (NYSE: AAL) stock has been recovering during the reopening trend in the post-pandemic era. Shares have seen a resurgence recently on the advent of the Merck (NYSE: MRK) Covid-19 treatment drug that holds the promise of cutting the death rate for hospital... Read the Full Story |
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Markets | | | Luxury consumer apparel and accessories producer Tapestry (NYSE: TPR) shares has been declining despite a solid fiscal Q4 2021 earnings report that saw 60% YoY growth in Mainland China and triple digit full-year global digital gains. Read the Full Story |
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Today, the Free Application for Federal Student Aid (FAFSA) opens. If you have a high school senior at home and plan to help him or her pay for college, you need to file the FAFSA. Even if you can fill an Olympic-sized swimming pool with all of your $100 bills, you should file the FAFSA. (Read: Ev... Read the Full Story |
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The Early Bird Stock Of The Day Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods. In addition, the company operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks; develops and sells a range of apparel and accessories; and operates franchised and owned Ferrari stores. The company also sells its products through a network of authorized dealers operating points of sale, as well as through its website. The company was founded in 1947 and is headquartered in Maranello, Italy. | | View Today's Stock Pick |
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