Good MorningIt was fun while it lasted. The relief rally that lifted investors’ spirits in the shortened trade week ran into a wall of worry. Equities were down with the tech sector seeing the largest declines. But this was an equal opportunity sell-off. Oil, gold, and Bitcoin all were lower as was the yield on the 10-year Treasury note.
It’s likely that investors are expressing their opinion on what they expect from the June CPI and PPI readings. These reports come in the pre-market on Wednesday and Thursday respectively. The consensus is for the CPI to show an 8.8% year-over-year increase with core CPI coming in at 5.8%. Even though those numbers would show the worst may be over in terms of price hikes, tell that to consumers who still lack confidence in this market.
Investors are also anticipating the start of the earnings season.
Many of the major banks will report later this week. And many analysts are already adjusting their price targets to reflect what they expect to be lower guidance.
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Markets | | | The dreaded bear market implies an economic recession led by a falling stock market. During sharp bear market sell-offs, it appears nothing is spared as panic takes over and the proverbial baby gets thrown out with the bath water. The best gauge of a bear market is to use the benchmark indices like ... Read the Full Story |
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From Our PartnersMonths ago, Jeff Clark warned everyone: DO NOT buy Tesla, Apple, Bitcoin, or Amazon.
Since then, what’s happened? Apple is down -12%, Tesla is down -18%, Amazon is down -26% & Bitcoin is down -34%
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Politics | | | U.S. Treasury Secretary Janet Yellen and Japan's finance minister have agreed to cooperate in dealing with challenges from the war in Ukraine and promoting free trade, sustainable energy and food security Read the Full Story |
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Markets | | | Asian shares mostly fell Tuesday after a slump on Wall Street erased recent gains. U.S. futures and oil prices also declined.
Investors are on the lookout this week for updates on inflation and corporate profits, while renewed coronavirus outbreaks are adding to jitters. Shares fell ... Read the Full Story |
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From Our PartnersThis has nothing to do with politics or pandemics…In short, there’s a secret force ripping America apart at the seams.
Few Americans won’t even know that any of this is happening – let alone what to do – until it’s too late.
| | | | It's imperative that you watch this video |
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Markets | | | Sporting goods and outdoor recreational retailer Academy Sports and Outdoors (NYSE: ASO) stock has been resilient as it narrows its losses to (-14%) on the year. As the name implies, the Company sells outdoor recreational products from camping gear, patio furniture and fishing rods to team sports pr... Read the Full Story |
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Politics | | | European Union nations on Tuesday approved fresh aid for Ukraine as the country faces growing economic damage from Russia’s invasion.
Finance ministers from the 27-nation EU gave the go-ahead on Tuesday to 1 billion euros ($1 billion) in loans to the Ukrainian government.
... Read the Full Story |
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Politics | | | Germany's vice chancellor on Tuesday defended the government's commitment to ending the use of nuclear power at the end of this year, arguing that keeping its few remaining reactors running would be complex and do little to address the problems caused by a possible natural gas shortfall.
... Read the Full Story |
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Markets | | | Global shares mostly fell Tuesday after a slump on Wall Street erased recent gains. U.S. futures and oil prices also declined.
Investors are on the lookout this week for updates on inflation and corporate profits, while renewed coronavirus outbreaks are adding to jitters. Shares in E... Read the Full Story |
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This time last year, U.S. companies were wowing the market with some lofty earnings growth figures. When the dust settled, S&P 500 members recorded 88.5% bottom-line growth. The result reflected the stark comparison to the spring of 2020 when the pandemic brought the economy to a halt.
With s... Read the Full Story |
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Markets | | | Many analysts are warning of an “earnings recession” that will start in the quarter just ended. If that’s the case, then a company like PepsiCo will have a lot to say about the state of the American consumer Read the Full Story |
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In March 2022, shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) slipped below $40 for the first time since the pandemic plunge of two years prior. Since then, it has nearly doubled even though the economic outlook has become gloomier. What gives?
Simply put, Ollie’s is bu... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals. This segment offers its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing and biofuel companies for biofuel production applications. The Refined and Specialty Oils segment sells packaged and bulk oils and fats that comprise cooking oils, shortenings, margarines, mayonnaise, renewable diesel feedstocks, and other products for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. This segment also refines and fractionates palm oil, palm kernel oil, coconut oil, and shea butter, and olive oil; and produces specialty ingredients derived from vegetable oils, such as lecithin. The Milling segment provides wheat flours and bakery mixes; corn milling products that comprise dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; die-cut pellets; and non-GMO products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. Bunge Global SA was founded in 1818 and is headquartered in Chesterfield, Missouri. | | View Today's Stock Pick |
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