Good MorningEquity markets were mixed on Monday as traders brace for what is largely expected to be a very hot read on Consumer Prices. The Dow Jones Industrial Average posted a small gain while the S&P 500 closed near break-even and the NASDAQ Composite moved lower. The data in question is the August read on consumer prices in the form of the Consumer Price Index.
Consumer prices are expected to moderate from July’s 0.5% monthly gain to a still-warm 0.4% but there is upside risk in the consensus estimates. More importantly, the YOY gains are expected to remain hot and could accelerate sharply from the previous month.
Later in the week, the market will be focused on the retail sales figure and what it might mean for Q3 earnings. August retail sales are expected to fall -0.7% from last year but this is versus last year’s very robust figure.
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Markets | | Global stock markets were mixed Tuesday as investors waited for an update on U.S. inflation that has been stronger than expected.
London and Shanghai declined while Frankfurt and Tokyo advanced, with the benchmark Nikkei 225 hitting a 31-year high.
Wall Street futures w... Read the Full Story |
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Markets | | Asian stock markets were mostly higher Tuesday as investors waited for an update on U.S. inflation that has been stronger than expected.
Shanghai, Tokyo and Sydney advanced, while Hong Kong retreated.
Wall Street's benchmark S&P 500 index closed higher, snapping a f... Read the Full Story |
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Stocks | | All of this means it might make sense to explore some of the most interesting names that offer exposure to uranium at this time, which is why we’ve put together an outline of 3 powerful uranium stocks to buy on dips.
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Tech | | South Korea’s competition watchdog plans to fine Google at least 207.4 billion won ($177 million) for allegedly blocking smartphone makers like Samsung from using other operating systems, in what would be one of the country's biggest antitrust penalties ever.
Google said it plans to ... Read the Full Story |
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Politics | | Three companies linked to a Chinese businessman who is a prominent critic of his country’s ruling Communist Party have agreed to pay $539 million to settle U.S. charges they conducted an illegal securities offering Read the Full Story |
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Markets | | Australia is forecast to reap record farm revenues this year despite pandemic challenges, a mouse plague and a trade dispute with China.
Australian farmers are expected to sell 73 billion Australian dollars ($54 billion) in produce in the current fiscal year that started in July thank... Read the Full Story |
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Markets | | American Outdoor Brands (NASDAQ: AOUT) stock is moving lower following the release of its Q1 earnings report a week ago. The report is good, as is the guidance, but one thing was missing and that is weighing on the price action. Read the Full Story |
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Markets | | Shares of Papa John's Pizza International (NASDAQ: PZZA) are consolidating below an all-time high, and finding support near their 10-day moving average as investors add slices of the company to their portfolios. Meanwhile, Domino's is forming a flat base which also appears healthy. Read the Full Story |
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Markets | | Clothing and apparel designer Guess (NYSE: GES) stock has been chopping in a four to five-point range recently and investors may want to take a closer look at the operations. As a retail apparel maker, it was hit hard during the pandemic as an epicenter stock. COVID vaccinations have accelerated reo... Read the Full Story |
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Markets | |
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You want to have every advantage at your disposal, particularly in the face of what's going on in the housing m... Read the Full Story |
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The Early Bird Stock Of The Day Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products. It also offers investing, banking, and wealth management advisory; digital investing services; financial solutions for individuals, families, and businesses; provides investment management services to institutional, retail, and high net worth investors; and diversified insurance, and wealth and pension de-risking solutions. In addition, the company provides individual life, critical illness and annuity products, as well as segregated funds, and group creditor and travel insurance to customers; debt and equity capital-raising, loan origination and syndication, balance sheet management, treasury management, mergers and acquisitions advice, restructurings and recapitalizations, trade finance, and risk mitigation services, as well as a range of banking and other operating services. Further, the company offers research and access to financial markets for institutional, corporate and retail clients through an integrated suite of sales and trading solutions related to debt, foreign exchange, interest rates, credit, equities, securitization, and commodities; provides new product development and origination services, as well as risk management and advisory services for hedging strategies, including in interest rates, foreign exchange rates and commodities prices; and funding and liquidity management services. The company was founded in 1817 and is headquartered in Montreal, Canada. | View Today's Stock Pick |
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