Good MorningThe June reading of the CPI index came in hotter than expected and the market seems not to care. The index rose 0.7% at the core or 0.2% hotter than expected for a 5.0% year-over-year gain. Even worse, the pace of inflation is accelerating and may Force the Fed’s hand later this year. At 5.0%, inflation is running well above the FOMC's 2% target rate and more than warrants and interest rate hike.
Friday will be another important day for the market. Investors will be eager to see if the indexes can build on Thursday's gains. The S&P 500 jumped about 0.75% to set a new all-time high on Thursday but closed well off the high of the session. If the market fails to follow through on a new high it could signal a period of sideways or downward trading over the summer.
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Stocks | | | The Russell Microcap Index is an index of the smallest 1000 companies in the Russell 2000 Index plus the next thousand smallest companies eligible for inclusion. Today, we're going to take a look at 3 micro-cap stocks that are about to be included Read the Full Story |
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Markets | | | DocuSign is sitting on a gain of less than 10% in 2021. That means it’s underperforming the S&P 500 and many of the meme stocks. In this article, you'll see why DOCU stock is a much stronger bet in the tech sector. Read the Full Story |
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Markets | | | Shares were mostly higher in Europe and Asia on Friday after the S&P 500 index notched another record high despite a surge in U.S. consumer prices in May.
Benchmarks rose in Paris, Frankfurt and Hong Kong but fell in Tokyo and Shanghai.
On Thursday, Wall Street lo... 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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Markets | | | Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high despite a surge in U.S. consumer prices in May.
Shanghai fell, Tokyo was nearly unchanged, while shares rose in Hong Kong, Seoul and Sydney. U.S. futures were marginally lower.
... Read the Full Story |
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Markets | | | Since making its public debut in December, consumer lending platform Upstart Holdings (NASDAQ: UPST) is up 645% from its IPO price of $20. The stock has already cleared two consolidations in the past six months. That’s a great sign, as it’s advisable for investors to wait until a new IPO pulls back and rebounds before making a purchase. Read the Full Story |
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Politics | | | MOSCOW -- Confirmed coronavirus cases are continuing to rise in Russia, where authorities on Friday reported 12,505 new infections -- a 25% increase from the number registered on Monday.
Moscow accounted for nearly half of the newly confirmed cases with 5,853, almost twice the number ... Read the Full Story |
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Markets | | | The easing of lockdown restrictions in April helped the British economy grow at its fastest rate since July 2020 and recoup further ground lost during the coronavirus pandemic, official figures showed Friday.
The Office for National Statistics said the economy grew by 2.3% during Apri... Read the Full Story |
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Politics | | | A private company that took over power transmission and distribution in Puerto Rico this month has struggled with widespread outages and growing anger as it scrambled to control a fire that left hundreds of thousands of clients in the dark.
Officials say outages had affected more than... Read the Full Story |
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Markets | | | Few companies encapsulated 2020 and the market’s surprising reaction to the pandemic more than Zoom Video (NASDAQ: ZM). Having only IPO’d the previous spring, they came into this new decade close to all-time lows but quickly started realizing their potential once offices shut and employees started working from home Read the Full Story |
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Markets | | |
You may have already heard of ESG investing, which stands for environmental, social, and governance investing.
Have you ever considered that your portfolio could look even better because you invest in something you have a passion for? I know that I always work harder on things I love, ... Read the Full Story |
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The Early Bird Stock Of The Day LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC. | | View Today's Stock Pick |
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