Good MorningEquity markets started the week off strong and look to finish out August on a high note. Fears of rising inflation were put aside in favor of a robust earnings outlook that keeps getting better. The analysts continue to up their targets for the 3rd and 4th quarter reporting cycles leaving the theS&P 500 on track to set new all-time high after a new all-time high in the 2nd half of the year.
The risk for the market this week is the monthly NFP data. The Non-farm Payrolls report is expected to show 720,000 net new jobs added in August, down from the 1 million jobs reported in July. A weaker than expected number would put the FOMC in a corner in regards to policy direction while hot data will seal the deal in regards to tapering. As it stands now, the market is expecting tapering to begin by October if not in September.
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Markets | | | Hormel stock is down 2% for the year and HRL stock is currently trading above the 12-month price target of analysts. However, the stock appears to be rallying ahead of earnings. And with the economy continuing to reopen, the company has several catalysts and a rock-solid dividend that make it a compelling buy as it prepares to report earnings. Read the Full Story |
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Markets | | |
These 3 Upgrades Are Moving Markets Now
With the second-quarter earnings cycle all but finished there's little to move the market other than analyst sentiment. The analysts are, for the most part, still pushing the S&P 500 outlook higher which means we should expect the index to continue movi... Read the Full Story |
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Markets | | | Asian shares were mixed in muted trading Tuesday on continuing concerns about surging COVID-19 infections in key regional markets like Japan.
Japan's benchmark Nikkei 225 edged up 1.2% in afternoon trading to 28,115.93. South Korea's Kospi jumped 1.3% to 3,184.46. Australia's S&P... Read the Full Story |
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From Our PartnersThrough Berkshire Hathaway…Warren Buffett recently dumped $800 million of Apple stock…
And bought this instead!
He’s now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to… | | | | See full story here… |
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Markets | | | Five Below stock is down nearly 10% in the last three sessions ending August 30. This may be a general reaction to recent retail earnings reports disappointed analysts. Still, if Five Below delivers a strong earnings report the technical indicators suggest that FIVE stock has room to move higher. Read the Full Story |
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Tech | | | Near Southern California’s dying Salton Sea, a canopy next to a geothermal power plant covers large vats of salty water left behind after super-hot liquid is drilled from deep underground to run steam turbines. The vats connect to tubes that spit out what looks like dishwater, but it’s lithium, a cr... Read the Full Story |
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When an earnings season winds down, it’s a good chance for investors to take inventory of what opportunities may be available.
Corporate financial results in the second quarter taught us two things. One, the economic recovery is alive and well. And two, there are many companies that are doi... Read the Full Story |
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Markets | | | Consumer prices spiked higher than expected in Europe in August, boosted in large part by more expensive fuel. Economists say the jump is temporary, but it could raise questions about how persistent higher inflation might turn out to be.
The 19 countries that use the euro currency sa... Read the Full Story |
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Markets | | | Global shares were mostly higher Tuesday, despite continuing concerns about rising COVID-19 cases in Asia and parts of the U.S. and Europe.
France's CAC 40 edged up nearly 0.1% in early trading to 6,693.02, while Germany's DAX was up 0.5% at 15,970.67. But Britain's FTSE 100 slipped ... Read the Full Story |
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Markets | | | China’s factory activity decelerated in August as export demand weakened, a survey showed Tuesday.
The monthly purchasing managers’ index of the Chinese statistics bureau and an official industry group declined to 50.1 from July’s 50.4 on a 100-point scale on which numbers above 50 sh... Read the Full Story |
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Markets | | | You haven't gotten long-term care insurance? Eeeeek. It's one of the tenets of basic personal finance, so learn more about how to get it so you don't destroy everything you've worked toward financially. Read the Full Story |
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