Good MorningThe equity markets got off to a shaky start this week with the S&P 500 falling more than one-half of a percent at the low of the day. The move was sparked by a growing concern the best of the post-pandemic recovery has already been priced into the market. With the second-quarter earnings season fast approaching the risk for the market is that results will not be as good as expected.
Data from The Institute of Supply Management helped to sour the sentiment on Tuesday. The ISM Services index fell to a reading of 60.1 compared to the expectation of 63.3 and gives evidence of slowing activity within the economy. While positive, the fact economic activity is slowing could have a serious impact on earnings in the second half of the year
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Stocks | | | You know it's been a good year for the market because it's been a great year for IPOs. With stock valuations as high as they are, there've been record numbers of companies coming to market to cash in. Read the Full Story |
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Markets | | | Global stock markets were mixed Wednesday after Wall Street declined on weaker U.S. services activity.
London, Frankfurt and Shanghai advanced while Tokyo, Hong Kong and Seoul declined. Wall Street futures were mixed.
Overnight, Wall Street’s benchmark S&P 500 index... Read the Full Story |
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Markets | | | Asian stock markets followed Wall Street lower Wednesday after U.S. services activity weakened.
Market benchmarks in Tokyo, Hong Kong and Seoul declined. Shanghai advanced.
Overnight, Wall Street's benchmark S&P 500 index broke a seven-day streak of record closes an... Read the Full Story |
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Stocks | | | The healthcare industry was on a strong growth trajectory prior to the pandemic, and that growth has been accelerated substantially over the last year given the circumstances. Some examples of how the sector is receiving a boost include booming demand for medical testing equipment, increasing adopti... Read the Full Story |
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Markets | | | Virtualization and data management company Sphere 3D (NASDAQ: ANY) stock spiked on the announcement of merging with bitcoin miner Gryphon Digital Mining in Q3 2021. The virtualization, HVE converged and hyper-converged infrastructure solutions provider is jumping on the bitcoin bandwagon with a twis... Read the Full Story |
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Markets | | | GENEVA — The World Health Organization says the number of coronavirus cases ticked up worldwide last week even as the weekly count of COVID-19 deaths dropped to the lowest level since October.
The U.N. health agency, in its latest weekly epidemiological report on the pandemic, also sa... Read the Full Story |
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Markets | | | Nissan Chief Executive Makoto Uchida told a Japanese court on Wednesday that the company’s former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long.
Uchida said Wednesday that those were factors that led to financial misconduct ch... Read the Full Story |
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Markets | | | COLOMBO, Sri Lanka — Sri Lanka is administering Pfizer shots to people who were left waiting after receiving their first AstraZeneca doses earlier this year.
Mixing two vaccines is still being studied for its effectiveness, but Sri Lanka health officials approved it... Read the Full Story |
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Markets | | |
An Upgrade May Not Be Enough To Lift American Express
The financial sector including American Express (NYSE: AXP) is expected to be one of the hottest sectors in the second-quarter earnings reporting season. The analyst consensus targets have been rising steadily since the start of the quarter an... Read the Full Story |
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Markets | | | Mattress and sleep products maker Casper Sleep (NASDAQ: CSPR) stock is slow grinding down as shares continue to sell-off despite raising its Q2 2021 top-line estimates. The maker of direct-to-consumer (DTC) sleep products is improving its supply chain issues as it looks to parlay its pandemic gains ... Read the Full Story |
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The Early Bird Stock Of The Day PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was founded in 1950 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
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