Good MorningIt took a day for reality to sink in but the market reacted to the minutes from the last Fed meeting. The key takeaway is that the Fed is talking about tapering, the only question is when they will begin. Based on the chatter it looks like the bias is sooner rather than later. The S&P 500 fell more than 1.5% at the low of the day on Thursday but managed to bounce back and regain half the losses by the close.
If the market can't regain its footing on Friday we could be in for more losses. The next target for key support Is still more than 1.5% below the current price action and the next major catalyst for the market will be earning season. That begins the next week with reports from the big banks. While the results will be important what the market wants to see are increased share buybacks and big dividend increases.
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Markets | | | Nelnet (NYSE: NNI), UBS Group (NYSE: UBS) and Aegon (NYSE: AEG) are value stocks currently trading at low multiples, relative to many faster-growing equities It may surprise you, but historically, value stocks outperformed growth. There’s actually something called the “value premium,” the risk-adjusted return of the asset class, as compared to growth. Read the Full Story |
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Stocks | | | Many of these stocks have been extremely strong performers this year and could be in for more upside going forward given a favorable market environment. Let’s take a deeper look at 3 private equity stocks to buy now.
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Stocks | | | If you think the semiconductor trade is starting to get crowded you are probably right. Money is flowing into the semiconductor stocks. The Semiconductor Index (NYSEARCA: SOXX) is up more than 160% since hitting its March 2020 bottom and looks like it's going to keep rising. Read the Full Story |
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Politics | | | World stocks were mixed Friday after Wall Street pulled back from recent record highs.
Benchmarks advanced in Paris, Frankfurt, London and Hong Kong but fell in Tokyo, Sydney and Shanghai. U.S. futures rose.
The yield on the 10-year Treasury note rose to 1.34%. On Thur... Read the Full Story |
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Politics | | | Shares were mostly lower in Asia on Friday after stocks pulled back from their recent record highs on Wall Street as bond yields fell and investors turned cautious.
Benchmarks fell in Tokyo, Seoul, Sydney and Shanghai but rose in Hong Kong.
U.S. futures were higher an... Read the Full Story |
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Stocks | | | The pandemic caused lumber prices to spike much faster than the rate of inflation. That was good news for investors who jumped aboard lumber stocks. Nearly 16 months later, lumber prices are starting to retreat. But demand remains strong, so the opportunity for investors will remain strong. With that in mind, here are three lumber stocks you should be looking at even as lumber prices begin to fall.
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Politics | | | Negotiators from 131 countries have agreed on a major overhaul of how the world’s biggest multinational companies are taxed. It's an effort to deter complex international avoidance schemes that have cost governments billions in revenue.
The sweeping proposals are meant to better cope ... Read the Full Story |
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Politics | | | The U.S. Postal Service's plan to raise mailing rates could present one more damaging blow to community newspapers already reeling from the coronavirus pandemic and advertising declines, a trade group says.
Rates on periodicals would increase by more than 8% as of Aug. 29, according ... Read the Full Story |
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Stocks | | | Upscale hotel real estate investment trust (REIT) Ashford Hospitality Trust (NYSE: AHT) stock has been performance well on the pandemic recovery, but took a severe sell-off upon the a 1-for-10 reverse stock split announcement. Read the Full Story |
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Markets | | | The British economy took another step toward its pre-pandemic level following the latest easing of lockdown restrictions, though the 0.8% growth recorded in May was around half that expected by economists as a microchip shortage hurt car production.
Figures from the Office for Nationa... Read the Full Story |
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The Early Bird Stock Of The Day Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil to home heating oil and propane retailers and wholesale distributors. This segment also transports the products by railcars, barges, trucks and/or pipelines. Its Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts. | | View Today's Stock Pick |
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