Good MorningEquity markets continue to creep higher but the move appears to be without conviction. The S&P 500 advanced less than 0.2% to set a new all-time high and led by the tech sector. The NASDAQ Composite advanced less than 0.25% and also set a new high.
The risk for the market this week is in the labor data. The non-farm payrolls report is expected to show 700,000 new jobs created in June and will likely miss the consensus figure by a wide margin. The question is whether job creation will be better or worse than consensus? A better-than-expected NFP figure will take some pressure off the Fed and pave the way for future rate hikes while a weaker-than-expected number would back the Fed further into a corner. If the market doesn't like what it sees rest assured the major indices will fall.
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Stocks | | At the start of each month, we typically see a good share of new money being put to work by both institutional and retail investors. While it can be difficult to speculate on which sectors will receive the most inflows, particularly with so much rotation going on week to week in the market at this t... Read the Full Story |
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Markets | | The first few months of performance for Coinbase (NASDAQ:COIN) stock following its public debut is a reminder of just how difficult IPO investing can be. The cryptocurrency-focused financial technology company was one of the most anticipated IPOs of the year, yet the stock is down over 20% since it ... Read the Full Story |
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Politics | | Shares were mostly higher in Asia on Wednesday despite new data showing factory activity slowed this month as virus outbreaks disrupted shipping at some Chinese ports.
Markets advanced in Shanghai, Sydney and Seoul but slipped in Tokyo and Hong Kong.
Japan, South Kore... Read the Full Story |
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Politics | | Shares are mixed in Europe and Asia after the release of data showing Asian factory activity slowed this month as virus outbreaks disrupted shipping at some Chinese ports.
Markets advanced in Shanghai and Sydney but slipped in Paris, London and Tokyo. U.S. futures also were lower.
... Read the Full Story |
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Tech | | Chinese ride-hailing service Didi says it lost $5.5 billion over the past three years, but ahead of its U.S. stock market debut on Wednesday it is highlighting its global reach and investments in developing electric and self-driving cars Read the Full Story |
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Markets | | Growth in China’s manufacturing activity softened in June as export demand weakened and producers struggled with supply bottlenecks, a survey showed Wednesday.
The monthly purchasing managers’ index issued by the national statistics agency and an industry group declined to 50.9 from M... Read the Full Story |
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Politics | | President Joe Biden is trying to sell Americans on the economic benefits of the $973 billion infrastructure package under consideration in Congress, declaring there is an urgent need for a “generational investment." Read the Full Story |
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Stocks | | The news last week that all 23 major banks passed the Fed’s stress tests sent bids immediately flowing into their shares. They all either met or exceeded the minimum capital requirements and as such, the way is cleared for them to reinstate their dividends and share buyback program. Understand... Read the Full Story |
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Markets | | GreenPower Motor Company (NASDAQ: GP), as small as it is, has got something that most other EV startups don't have. The company has orders, production, deliveries, and more importantly, revenue and even positive earnings. Read the Full Story |
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Markets | |
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The Early Bird Stock Of The Day Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations. It also offers organizational strategy, assessment and succession, leadership and professional development, and total reward services. In addition, the company provides RPO, business project, professional search, and outsource recruiting solutions. Further, the company offers tech-enabled solutions that identify structures, roles, capabilities, and behaviors to drive businesses. It serves public and private companies, and middle market and emerging growth companies, as well as government and non-profit organizations. The company was formerly known as Korn/Ferry International and changed its name to Korn Ferry in January 2019. Korn Ferry was founded in 1969 and is based in Los Angeles, California. | View Today's Stock Pick |
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