Good MorningEquities traders shrugged off another hot inflation report in favor of the earnings outlook. The Consumer Price Index was released Wednesday morning and shows the pace of inflation advanced 0.5% over the past month, exactly as expected. The Dark Cloud hanging over the market is the fact year-over-year inflation remains high and steady at 5.4% and points to continued pressure on consumer spending. The S&P 500 was able to advance another 0.25% in a quiet day of training and set a new all-time high.
The market is not out of the woods, however. The Producer Price index is due out this week as well and will add another shade to the inflation picture. If producer prices continue to rise at a steady pace they will lead to higher consumer prices down the road. If the S&P 500 cannot keep up with the pace of inflation it will cut into the pace of earnings growth and weigh heavily on index prices later in the year.
Featured: Louis Navellier Details The Big Day Coming for Cash Holders (IPM) 
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Stocks | | | Analyst ratings reflect the sentiment of individuals who have significant knowledge of a company’s operations. For a company to be included on MarketBeat’s top-rated list they must have received at least five ratings within the last 12 months. Here are the 10 companies that have received the highest average rating by Wall Street analysts in August 2021. Read the Full Story |
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From Our PartnersWe are in the midst of an unprecedented, speculative bubble, which inevitably leads to an equally unprecedented collapse. Even though the Dow keeps climbing, real estate values are hitting all-time highs... and things "seem" normal... they're not. It's all outlined in this 28-page paper, and its impact on your money is unlike anything we've seen in our lifetimes. I tell you all about it in this presentation. | | Be sure to watch it in full. |
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Markets | | | New IPOs typically correct after an initial rally. We're now seeing that with ZIM Integrates Shipping Services (NYSE: ZIM), Cricut (NASDAQ: CRCT) and DLocal (NASDAQ: DLO). All three show promise, and all report earnings in the coming week. Read the Full Story |
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Markets | | | Global shares were mixed Thursday as caution set in among investors after banks and industrial companies helped lift stocks mostly higher on Wall Street.
France's CAC 40 inched up less than 0.1% to 6,860.88 in early trading, while Germany's DAX was virtually unchanged at 15,826.76. B... Read the Full Story |
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Politics | | | A day ahead of his release on parole, Samsung scion Lee Jae-yong appeared in a South Korean court Thursday for another trial over alleged financial crimes — a reminder of his looming legal risks even as he leaves prison.
The Justice Ministry earlier this week decided to free Lee and s... Read the Full Story |
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Politics | | | A new law requiring food delivery companies in Spain to hire delivery riders and drivers as employees rather than freelance contractors took effect Thursday with labor unions urging close monitoring and inspections to enforce it.
Spain's Trade Union Confederation said the so-called R... Read the Full Story |
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Politics | | | The British economy grew by 4.8% in the second quarter of 2021 as lockdown restrictions were lifted but remains 4.4% below the level it was just before the start of coronavirus pandemic, official figures showed Thursday.
The Office for National Statistics also said the British economy... Read the Full Story |
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Politics | | | Purdue Pharma's quest to settle thousands of lawsuits over the toll of OxyContin and its other prescription opioid painkillers is entering its final phase with the grudging support of most of those who have claims against the company.
Nearly two years after seeking bankruptcy protecti... Read the Full Story |
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Markets | | | Casual and workwear maker Duluth Holdings (NASDAQ: DLTH) stock has sold off despite strong earnings momentum is providing an opportunity for prudent investors. The denim and workwear company sells its products through retail and outlet locations as well as online and through catalogs. The Company wa... Read the Full Story |
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Markets | | | Canada Goose (NYSE: GOOS) is an interesting story because of its unique positioning within the retail market. A premium brand and one out of reach for many consumers, the company is heavily dependent on wholesales and brick-and-mortar but has been working diligently to expand its direct-to-consumer offerings including e-commerce Read the Full Story |
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Markets | | | Do you suspect that your employer is mistreating your 401(k)? Here's how to find out. You may not even know that issues exist within your 401(k), so that's why the Department of Labor (DOL) issues warning signs to help employees discover whether their 401(k) contributions have been misused. Take a look at the following warning signs from the DOL. Read the Full Story |
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The Early Bird Stock Of The Day MercadoLibre, Inc. operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the web; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. The company was incorporated in 1999 and is headquartered in Montevideo, Uruguay. | | View Today's Stock Pick |
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