Good MorningEquity Traders shrugged off an unbelievable sixth month of hotter than expected inflation on Friday to confirm support at the short-term moving average and a key uptrend line. The Producer Price Index came in at up 0.7% for the month of August and 8.3% over last year marking the fastest pace of inflation gains in several decades. With the FOMC seemingly out of touch with reality, investors and consumers should brace for the prices of all goods to continue trending higher.
This week, the focus will be on the economic data as there are half a dozen or more key reports on the calendar. Topping the list is the August read of the Consumer Price Index, a report expected to show another acceleration in consumer prices as well. The good news for investors, at least for now, is that consumer prices are outpacing producer prices and that is helping too wide margins for the S&P 500.
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Markets | | | Denbury (NYSE: DEN), which went public for the second time a year ago, following a restructuring, has been etching a base since late June. It's now forming a handle below a potential buy point of $75.20. Read the Full Story |
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Markets | | | World shares and U.S. futures were mostly higher Monday, bouncing back from losses last week on Wall Street.
Stocks rose in London, Paris, Tokyo and Shanghai but fell in Hong Kong, where a Financial Times report that Chinese regulators want to break up the mammoth e-commerce payments ... Read the Full Story |
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Markets | | | Shares slipped Monday in most Asian markets after Wall Street benchmarks ended last week with a decline.
Stocks fell in Tokyo, Hong Kong, Shangha and Seoul but rose modestly in Sydney.
Japan reported its wholesale prices were near a 13-year high in August, adding to co... Read the Full Story |
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From Our PartnersLithium batteries are supplying our planet with clean reliable energy. EVs, laptops, cell phones...you name it. But how to invest? The Smart Money is going into the future suppliers of lithium like this company: Currently undiscovered by Wall Street at US$0.75 per share, it now controls two major lithium assets nearby to Tesla's Gigafactory in Nevada. 10X gains are on-tap. | | More details here...
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Markets | | | Kansas City Southern has decided that a $31 billion bid from Canadian Pacific is the best of two offers on the table to buy the railroad.
The Kansas City, Missouri, company said in a statement Sunday that it has notified rival bidder Canadian National that it intends to terminate a me... Read the Full Story |
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Tech | | | Epic Games filed notice that is appealing a federal judge's decision in a lawsuit alleging that Apple has been running an illegal monopoly that stifles competition.
The maker of the popular Fortnite video game said in a court filing Sunday that it will take the ruling to the Ninth Cir... Read the Full Story |
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Politics | | | A Democratic senator vital to the fate of President Joe Biden’s $3.5 trillion plan for social and environmental spending says he won’t support even half that amount or the ambitious timetable envisioned for passing it Read the Full Story |
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Markets | | | Zscaler (NASDAQ: ZS) was among the most perfectly positioned companies for the pandemic. The company’s zero-trust approach for today’s cloud-based and IoT-connected networks has proven to be highly successful and is sustaining a high level of demand. Read the Full Story |
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Markets | | |
Short-Sellers Fail To Set New Low In Zumiez, Inc
Price action in Zumiez (NASDAQ: ZUMZ) was volatile in the wake of the Q2 report but one thing is evident. There are bulls present at the $37.75 level and they are buying up the stock. While price action was volatile and closed at the low of t... Read the Full Story |
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Tech | | | Data storage solutions company Seagate Technology (NYSE: STX) stock has had a stellar 2021 peaking out at $106.22 in May but shares have fallen back to reality in the mid $80s. The makers of legacy hard drives (HDDs) and flash drives is seeing robust demand for storage thanks to the unrelenting need... Read the Full Story |
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Stocks | | | Solar energy systems and solutions provider SunPower (NYSE: SPWR) stock has been beaten up losing more than half its value since the start of 2021. The provider of solar energy solutions to residential, commercial, and enterprise segments is growing its business well, just not as well as analyst exp... Read the Full Story |
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The Early Bird Stock Of The Day Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services. It also provides deposit accounts, analyzed accounts, commercial card, SBA and business loans, packaged solutions, and merchant services; liquidity and investments, working capital, international trade and payment, and treasury and credit products; and commercial real estate, homebuilder and community, and mortgage finance. In addition, the company offers payables and receivables management; online and mobile banking; term loans and lines of credit, equipment finance and lease, acquisition finance, and asset-based lending; private wealth advisory solutions; and checking and savings accounts, debit and credit cards, and certificates of deposit, as well as ETF and funds management services. Further, it provides financial institution money market accounts and loan syndication products; commercial loans for financing for working capital, organic growth, and acquisitions; real estate term and construction loans; mortgage warehouse lending services; treasury management, trust, and advisory and escrow services; and letters of credit. The company operates in Austin, Dallas, Fort Worth, Houston, and San Antonio metropolitan areas of Texas. Texas Capital Bancshares, Inc. was incorporated in 1996 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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