Good MorningThe market tried to set a new high on Monday but struggled throughout the day to make any movement at all. The S&P 500 opened just shy of the all-time high then spent the day hovering below that level to close with a small loss at the end of the session. Technically speaking, the index looks like it is at the peak of a rally that has lasted since last November when the earnings outlook began to turn positive. Now, nearly a year later, the market looks like it is overextending and set up for a major correction.
While the peak of earnings season is over, this week still has quite a few hurdles for the market. There are dozens if not hundreds of small and mid-cap names on the earnings calendar with risk embedded in everyone. The key report for the week comes on Thursday in the form of Disney. If Disney is able to outperform the market expectations it's possible the S&P 500 could move up to set another new all-time high.
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Markets | | | Asian shares were mixed Tuesday as optimism about a gradual economic recovery from the coronavirus pandemic were tempered by worries over the variants spreading rapidly in some nations.
Japan's benchmark Nikkei 225 added 0.2% to finish at 27,888.15. Australia's S&P/ASX 200 rose 0.... Read the Full Story |
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Stocks | | | These companies offer an attractive way to gain exposure to cryptocurrencies through equities and could be poised for strong outperformance in the coming weeks.
That’s why we’ve put together a quick list of 3 crypto stocks for bitcoin bulls to buy now Read the Full Story |
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Markets | | | Global shares were mixed Tuesday as optimism about a gradual economic recovery from the coronavirus pandemic was tempered by worries over the variants spreading rapidly in some nations.
France's CAC 40 was little changed in early trading, inching up to 6,813.29, while Germany's DAX ga... Read the Full Story |
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His experiment could strike a bad chord with mobile phone companies. But you’ve got to see what this man discovered and what it means for phone users in the weeks ahead. | | | | Click here to see this video |
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Markets | | | Beverage maker Splash Beverage Group (NYSEAMERICAN: SBEV) stock is trading post-3-for-1 split as it uplisted a $15 million IPO on June 11, 2021. The IPO consisted of 3.75 million shares and warrants priced at $4 per share. The warrants are exercisable for one share of common stock at $4.60 per share... Read the Full Story |
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Tech | | | Japanese technology company SoftBank’s fiscal first quarter earnings dropped 39% because of the absence of the cash benefit from the merger of Sprint, which boosted its profits a year ago.
Tokyo-based SoftBank Group Corp. reported a 761.5 billion yen ($6.9 billion) profit for April-Ju... Read the Full Story |
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Politics | | | Earth is getting so hot that temperatures in about a decade will probably blow past a level of warming that world leaders have sought to prevent, according to a report released Monday that the United Nations called a “code red for humanity.”
“It’s just guaranteed that it’s going to ge... Read the Full Story |
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Politics | | | India’s government is repealing a controversial tax law under which it pursued billions of dollars from international companies for their past dealings and hopes that scrapping the retrospective levy boosts investor confidence.
The bill approved in Parliament’s upper house Monday pro... Read the Full Story |
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Markets | | |
Up almost 35% year-to-date, Foot Locker (NYSE: FL) is one of the top-performing retail stocks of 2021. The run may be just getting started.
A surging digital business and solid inventory practices have the New York-based company on course for sustainable growth as the global economic rebound unfo... Read the Full Story |
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Markets | | | Kandi Technologies (NASDAQ: KNDI) embarked upon a strategic shift last year in the wake of the COVID-19 pandemic. The company's prior focus on off-road vehicles and Ev parts manufacturing wasn't getting the job done so the company turned its attention to what it calls intelligent transportation. Read the Full Story |
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Markets | | |
News outlets have reported that Millennials will become the wealthiest generation in history.
True, the media also tout that Millennials suffer from student loan debt, crashed right into The Great Recession, suffer from wage stagnation and a rising cost of living.
True, those born in... Read the Full Story |
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The Early Bird Stock Of The Day Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc. The company's cloud platforms are designed interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers' efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, order-ahead and curbside pickup functionality, loyalty, and customer management solutions. The company also offers tailored financial solutions, such as Lightspeed Retail, Lightspeed eCommerce, Lightspeed Restaurant, and Lightspeed B2B solutions. In addition, it sells hardware, including tablets, customer facing displays, receipt printers, networking hardware, cash drawers, payment terminals, servers, stands, bar-code scanners, and an assortment of accessories, as well as provides installation and implementation services. The company was formerly known as Lightspeed POS Inc. and changed its name to Lightspeed Commerce Inc. in August 2021. Lightspeed Commerce Inc. was incorporated in 2005 and is headquartered in Montreal, Canada. | | View Today's Stock Pick |
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