Good MorningU.S. equity markets are poised to move higher despite a rising tide of market risks. Fridays’ NFP report is a prime example because weaker than expected job creation helped drive the market higher. The data, while strong relative to pre covid levels, was far weaker than what job openings and unemployment data suggest is possible. What this means for the market is the FOMC will feel little pressure in regards to altering policy and that is good news for stock prices.
This week starts the summer market doldrums, a time in which investors can expect light trading volume and outsized moves driven earnings or economic data. That said, there is a major hurdle for the market to surpass this week in the form of the CPI. Hotter than expected CPI data in May sent the market into a tailspin and this situation could repeat itself in June. The consensus estimate is for core consumer inflation to rise 0.4% but this figure is likely too low by half.
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Stocks | | | A short trading week is ending on an upbeat note as the jobs report came in not too hot and not too cold. We’ll know more about what this report really means in another month or two. In the meantime, the MarketBeat team of writers will stay on top of the stocks and the stories that are moving the market. Here’s a look at some of the stocks they analyzed this week. Read the Full Story |
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Politics | | | China's exports and imports surged in May and its politically sensitive surplus with the U.S. grew as the pandemic was waning in important markets in the West.
Customs data released Monday showed China’s exports rose 28% from a year earlier and imports soared 51%, but growth was level... Read the Full Story |
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Markets | | | China has reported its exports and imports surged in May on growing demand as the pandemic was waning in the U.S. and other key markets, though the pace of growth is leveling off.
Customs data released Monday showed exports rose 28% from a year earlier and imports soared 51% — at the... Read the Full Story |
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From Our PartnersWith Democrats now controlling both houses of Congress and the executive branch, cannabis decriminalization on the federal level could be months away. This could result in established Washington State weed companies being able to market across state lines -- setting off a bidding war for quality stocks at reasonable prices. | | Get All the Details on #1 Stock for the Coming Interstate Cannabis Bonanza |
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Markets | | | The oil and gas industry has been dealing with monumental challenges since the onset of the pandemic. As global energy demand saw unprecedented declines and the clean energy narrative picked up steam, many investors headed for the exit doors in some of the historically best-performing oil stocks. Wi... Read the Full Story |
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Markets | | | Asian shares were mixed Monday, as initial euphoria about the gains that closed out last week on Wall Street faded quickly.
Japan's benchmark Nikkei 225 gained 0.3% to finish at 29,019.24. Australia's S&P/ASX 200 lost earlier gains, inching down 0.2% to 7,281.90. South Korea's Kos... Read the Full Story |
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Markets | | | ChargePoint Holdings stock looks to have found a floor. The company faces some short-term obstacles, but the long-term trend is positive. Risk-tolerant investors should look to make opportunistic buys in CHPT stock. Read the Full Story |
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Markets | | | Global shares were mixed Monday, as initial euphoria about the gains that closed out last week on Wall Street faded.
France's CAC 40 slipped 0.1% in early trading to 6,509.16. Germany's DAX dipped 0.1% to 15,671.17. But Britain's FTSE 100 edged up 0.2% to 7,085.23. U.S. shares were se... Read the Full Story |
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Tech | | | El Salvador President Nayib Bukele has announced in a recorded message played at a Bitcoin conference in Miami that next week he will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender in the Central American nation Read the Full Story |
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Markets | | | The May non-farm payrolls number appears to be a Goldilocks figure but we’re not convinced. It's hot enough for the market to believe economic activity is accelerating yet not so hot as to force the FOMC's hand. Read the Full Story |
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Markets | | |
That mortgage. It sure does hang over your head sometimes, doesn't it? However, with the right mindset and a commitment to pay it off, you can pay off the mortgage early.
It can save you thousands of dollars in the long run if you do decide to make that commitment. Take a look at this examp... Read the Full Story |
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The Early Bird Stock Of The Day AptarGroup, Inc. designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments. It also provides pumps for nasal allergy treatments; and metered dose inhaler valves for respiratory ailments, such as asthma and chronic obstructive pulmonary diseases; elastomer for injectable primary packaging components; and active material science solutions. In addition, the company offers dispensing pumps, closures, elastomeric components, and aerosol valves to the digital health solutions. It primarily sells its products and services in Asia, Europe, Latin America, and North America. AptarGroup, Inc. was incorporated in 1992 and is headquartered in Crystal Lake, Illinois. | | View Today's Stock Pick |
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