Good MorningEquities finished a volatile week on a down note last week with the S&P 500 down more than 1.5% at the low of the Friday session. The move was small but no less important because it confirms the presence of resistance at a key level between 4,100 and 4,200 on the S&P 500. If the market can not get back above that level this week it most likely won't until later in the summer.
This week, the market will be focusing on the CPI data due on Friday and it could be a hot number. Not only are commodity prices still firm but oil and wages are still on the rise. The best-case scenario is that consumer-level inflation moderated slightly on a month-to-month basis but at that level is still very high. The risk for the market is a hotter than expected figure and increased expectation for aggressive FOMC actions this year. Featured: The #1 Stock Market Book to Read – Free (Millionaire Pub) 
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Politics | | | Global stock markets and Wall Street futures advanced after the downturn in China’s service industries eased and news reports said the Biden administration might lift U.S. tariffs on some Chinese imports Read the Full Story |
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Tech | | | Major Asian stock markets are higher after Wall Street declined and a survey showed the downturn in Chinese service activity eased as anti-virus controls on Shanghai and other major cities were lifted Read the Full Story |
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Markets | | | International port operator DP World said on Monday it sold a stake in its home base, the Jebel Ali Port, and other flagship assets to one of Canada’s largest pension funds for $5 billion, expanding the Canadian group's reach into the crown jewel of the Dubai-based company's operation.
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Markets | | | Retail department store chain Macy’s (NYSE: M) stock has been weathering the bear market in retail stocks after posting stellar fiscal Q1 2022 earnings and raising guidance. The department store giant’s Polaris strategy has been successful as Macy’s saw 88% of its omnichannel marke... Read the Full Story |
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Markets | | | Solar energy solutions provider First Solar (NASDAQ: FSLR) stock has fallen (-15%) for the year outperforming the Nasdaq bear market. The photovoltaic (PV) solar module maker saw significant drops in revenues stemming from a drop in modules sold and average selling price, and lower Japan project rev... Read the Full Story |
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Markets | | | Authorities in Bangladesh were still struggling Monday to determine the cause of a devastating fire that killed at least 49 people, including nine firefighters, and injured more than 100 others, officials and local media reported, as experts have raised concern over the safety standard in the countr... Read the Full Story |
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Markets | | | Authorities in Bangladesh were still struggling Monday to determine the cause of a devastating fire that killed at least 49 people, including nine firefighters, and injured more than 100 others, officials and local media reported, as experts have raised concern over the safety standard in the countr... Read the Full Story |
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Markets | | |
Baidu, Inc. (NASDAQ: BIDU) has expanded its business model over the last several years. While the company continues to dominate the domestic Chinese search engine market with a 79.52% market share with its Baidu app, accelerated growth is set to come from its AI Cloud solution, which delivered a 4... Read the Full Story |
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Tech | | |
After a vicious selloff that saw shares of identity software company Okta (NASDAQ: OKTA) fall 70% from last November through last month, they’re finally looking like they’re ready to turn around. Investors have to go all the way back to January to find a run of two green weeks in a row... Read the Full Story |
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Stocks | | | RH (NYSE: RH) was one of the first companies to warn the market about inflationary and supply chain hiccups and, as such, we expect to see give some of the earliest insight into what to expect over the summer. As dubious as the company’s bellwether status may be, the message we are getting from the report is not good. Read the Full Story |
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Monday's Early Bird Stock Of The Day RingCentral, Inc., together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience. It provides RingCentral Video, a video meeting service that includes the company's RCV video and team messaging capabilities; offers video and audio conferencing, team messaging, file sharing, contact, task, and calendar management, as well as pre-meeting, in-meeting, and post-meeting capabilities. In addition, the company offers RingCentral Professional Services, which include consultation, UCaaS and CCaaS implementation, VoIP phone system adoption, configuring custom workflows, customer and user onboarding, ongoing support, advanced support, managed services, and more. It serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, state and local government, and others. It sells its products to enterprise customers, as well as small and medium-sized businesses through resellers and distributors, partners, and global service providers. RingCentral, Inc. was incorporated in 1999 and is headquartered in Belmont, California. | | View Today's Stock Pick |
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