Good MorningMonday's bull market came to a crashing halt on Tuesday. the major indexes tried to make further gains but failed in the face of weak weaker-than-expected economic data. On the consumer front, consumer confidence remains high at 117 but fell nearly a full point from the previous month versus than expected gain. On the housing front, not only were new home sales much weaker than expected the previous month's data was revised lower as well.
The reason is rapidly rising home prices that are fueled not only by high demand but by Rising lumber prices as well. The Case-Shiller housing price index gained more than 13% in April marking the fastest pace of home price growth in about 15 years. If the remainder of this week's data is also disappointing the market could continue to drift sideways within its near-term range.
Featured: "IMPERIUM": The #1 Investment of the 2020s (Banyan Hill) 
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Markets | | | Investors based in the United States tend to primarily focus on domestic equity exposure, and rightfully so, as they are more familiar with U.S. companies and their home country’s economy. With that said, there are some compelling things happening outside of U.S. markets that should not be ove... Read the Full Story |
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From Our PartnersThe man who became a millionaire on Wall Street by the age of 25 gives his #1 buy alert. | | Get it now. |
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Politics | | | Asian stock markets rose Wednesday as inflation fears eased and investors looked ahead to U.S. data that are expected to show economic growth accelerating.
Benchmarks in Shanghai, Tokyo and Hong Kong advanced. Seoul swung between gains and losses.
Overnight, Wall Street... Read the Full Story |
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Markets | | | Brick-and-mortar retail is beating long odds in the last 12 months and BURL stock is rewarding investors who went along for the ride. With a strong earnings report expected on May 27, there's still time to invest in Burlington Stores.
Read the Full Story |
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Politics | | | Low-cost carrier Norwegian Air Shuttle “has been saved,” its chief executive said Wednesday, adding it had “written history” as the ailing airline had struggled with fallout from the coronavirus pandemic and a debt restructuring plan.
CEO Jacob Schram said Norwegian had “successfully... Read the Full Story |
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Politics | | | The European Union took on vaccine producer AstraZeneca in a Brussels court on Wednesday and accused it of diverting promised doses to other nations when it had promised them for urgent delivery among the 27 member states Read the Full Story |
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Markets | | | Former Nissan chairman Carlos Ghosn has backed his former colleague American lawyer Greg Kelly’s insistence he is innocent of any wrongdoing.
Ghosn said in an interview with The Associated Press in Beirut, Lebanon, on Tuesday that Kelly, a former Nissan executive vice president, had ... Read the Full Story |
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Markets | | | A timeline of key events that began with Carlos Ghosn’s assignment to Japanese automaker Nissan Motor Co. by its French alliance partner, Renault SA:
June 1999 — Renault sends Ghosn to be chief operating officer of Nissan.
June 2001 — Ghosn becomes CEO of Nissan after b... Read the Full Story |
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Markets | | | Oil and gas refiner Valero Energy (NYSE: VLO) stock has had a strong 2021 performance with shares up over 30% as COVID-19 vaccinations accelerate the global re-opening. While the global decarbonization movement and adoption towards clean energy and renewables are strong tailwinds, the reality is tha... Read the Full Story |
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Markets | | | Wood products manufacturer Weyerhaeuser Company (NYSE: WY) stock has been on a tear rising and falling with spot lumber prices. The Company owns nearly 11 million acres of timberland and is one of the largest lumber providers in the worlds, Read the Full Story |
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Markets | | | My cousin has a plan to become a mega-millionaire using his health savings account (HSA). Unconventional? Maybe not. An HSA can offer a reliable investment strategy — as long as you use it to your advantage. Read the Full Story |
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The Early Bird Stock Of The Day Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating and structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners; and latches, bearings, fluid fittings, and installation tools. The Engineered Structures segment provides titanium ingots and mill products, aluminum and nickel forgings, and machined components and assemblies for aerospace and defense applications; and titanium forgings, extrusions, and forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. Howmet Aerospace Inc. was founded in 1888 and is based in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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