Good MorningThe earnings-driven rebound in equities continued for a third day on Thursday with the S&P 500 gaining about 0.2% at the end of the day. While fears of systemic shortages and Rising inflation have been stoked, the over-reaching theme of the season is that results are better than expected and guidance is being raised. With the absolute peak of the earnings season set to begin next week, it looks like the indices will move up to set new all-time highs within days.
The market's mettle will be tested in more ways than one next week. Along with the deluge of earnings reports are a raft of economic releases including the monthly personal income and spending data. Within the personal income and spending, data is the PCE price index, the Fed's preferred tool for measuring inflation. The third month of hotter than expected inflation may not send the market reeling but it will raise the stakes for market bulls.
Featured: Overnight Trade Opportunity Next Week?! (The Oxford Club) 
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Markets | | | Asian markets were mixed on Friday after major indexes edged higher on Wall Street, preserving their gains for the week.
Hong Kong and Shanghai fell while Sydney and Seoul advanced. Tokyo was closed for a holiday.
Surges in coronavirus cases around the region are promp... Read the Full Story |
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Tech | | | It’s more common for long-term investors to rely on fundamental or quantitative analysis—or some combination thereof. But that doesn’t mean technical analysis can’t also be used to guide a buy-and-hold strategy. Read the Full Story |
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Markets | | | Since consolidating their 2020 gains in the first quarter of this year, shares of Facebook (NASDAQ: FB) have gone on to launch a fresh rally that’s still building up to full steam. The $1 trillion social media giant has seen its stock tack on a solid 40% since early March, and it’s only ... Read the Full Story |
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Markets | | | European markets opened higher on Friday after a mixed day of trading in Asia, amid persisting worries that the more contagious delta variant of COVID-19 will dent recoveries from the pandemic.
Benchmarks rose in Paris, London and Frankfurt but fell in Hong Kong and Shanghai fell. Tok... Read the Full Story |
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Politics | | | California Gov. Gavin Newsom's administration on Thursday announced a major change in how the state pays unemployment benefits, potentially unlocking payments for up to 100,000 people who have gone weeks or months without assistance.
Getting unemployment benefits is a two-step process... Read the Full Story |
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Tech | | | Twitter on Thursday posted stronger-than-expected earnings for the second quarter thanks to growing advertising demand across all geographic regions and types of ad products.
The San Francisco-based company earned $65.6 million, or 8 cents per share, in the April-June quarter. That's... Read the Full Story |
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Politics | | | A bitterly divided U.S. Senate panel deadlocked Thursday on President Joe Biden’s pick to oversee vast government-owned lands in the West, as Democrats united behind a nominee whose credibility was assailed by Republicans over her links to a 1989 environmental sabotage case.
The 10-10... Read the Full Story |
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Markets | | | Shares of Southwest Airlines (NYSE: LUV) finished lower Thursday after the Dallas-based company reported earnings of $0.57 per share on revenue of $4 billion. Revenue beat analysts’ views as leisure travels returned to the skies. Read the Full Story |
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Markets | | | Luxury consumer apparel and accessories producer Tapestry (NYSE: TPR) shares have been in a sharp sell-off along with the rest of the retail apparel makers despite the strong retail sales report. The maker of high-end Coach brand products is suffering from a sector-wide sell-off despite indices hitt... Read the Full Story |
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Did you become one of the participants during the Great Resignation, a mass exodus of workers leaving their current jobs? The career website Monster found that a whopping 95% of workers will consider changing jobs. On the other hand, Microsoft research found that 41% of the global workforce has co... Read the Full Story |
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The Early Bird Stock Of The Day Crown Holdings, Inc., together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures. It also provides manual, semi-automatic, and automatic equipment and tools to apply and remove consumables, such as straps and films; protective solutions, including airbags, edge protectors, and honeycomb products; and steel and plastic consumables include steel strap, plastic strap, industrial film, and other related products. The company serves food industries, including pet food, personal care, household, and industrial products. Crown Holdings, Inc. was founded in 1892 and is headquartered in Yardley, Pennsylvania. | | View Today's Stock Pick |
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