Good MorningAnd now we wait. The markets had a choppy day. But not even Pepsi’s bubbly guidance was enough to keep stocks in positive territory.
Oil was down as concerns over another Covid lockdown in China gain steam. And the yield on the 10-year continues to fall as many investors fly to the relative safety of government bonds. All of this could have to do with the strength of the U.S. dollar. The greenback is having itself a month which is good news if you’re planning a European vacation.
The only thing that seems clear is that investors are bracing for the June CPI data. That comes out on Wednesday before the market opens. The White House and many analysts seem to be conceding that the number will come in hotter than expected. And if it does, a 75 basis point hike by the Federal Reserve later this month will be the least of investor’s concerns.
But what if it the number is in-line with prior expectations? The stock market is already pricing in high inflation. Anything resembling “less bad” news may be just the tonic the market needs.
Featured: New report says this biotech could run over 337% (See Ticker) (*** Enveric Biosciences) 
|
Politics | | | China’s monthly trade surplus soared to a record $97.9 billion in June as export growth picked up after anti-virus controls that shut down Shanghai were lifted and shippers moved a backlog of cargo.
Exports rose 17.9% over a year ago to $331.2 billion, up from May’s 16.9% growth, cust... Read the Full Story |
|
From Our PartnersMarc Lichtenfeld - best-selling author of Get Rich with Dividends and world-renowned income expert - is giving away his Ultimate Dividend Package...
Completely free of charge.
Inside, you'll get his top dividend stocks and income strategies... including his top 5 dividend stocks right now. | | >>> Click Here to Claim Your Free Ultimate Dividend Package <<< |
|
Markets | | | Asian stock markets gained while Europe opened lower Wednesday ahead of U.S. inflation data that some investors worry might lead to more interest rate hikes.
Wall Street futures were lower. Oil prices rose $1 per barrel, rebounding from Tuesday's plunge.
Investors were ... Read the Full Story |
|
Stocks | | |
If smaller-company stocks were a music mash-up, they’d be ‘smid caps’.
This collaborative asset class combines small-capitalization and mid-capitalization stocks. It is a broad collection of companies that span economic sectors. It encompasses market valuations above $300 millio... Read the Full Story |
|
From Our PartnersFinding that "diamond in the rough" - such as the next Amazon or Netflix - is what drives many microcap investors. And future Q2 earnings announcements will likely be the reason for a sudden spike in share prices for these 5 microcap stocks. | | Click here to get the names & ticker symbols of all 5. |
|
Politics | | | Military officials from Russia and Ukraine were set to hold their governments' first face-to-face talks in months Wednesday during a session in Istanbul devoted to a United Nations plan to export blocked Ukrainian grain to world markets through the Black Sea.
Turkish military official... Read the Full Story |
|
Markets | | | Just when the COVID pandemic was starting to appear further and further back in the rear view mirror, airline operators have been hit hard again during the prime business months of summer. After struggling for weeks with huge passenger numbers and too little staff, London’s Heathrow airport, E... Read the Full Story |
|
|
Politics | | | Britain’s economy showed unexpectedly strong growth in May, with the three major components of production— manufacturing, construction and services — all posting gains.
The Office for National Statistics said Wednesday that gross domestic product expanded 0.5% in the month, compared w... Read the Full Story |
|
Politics | | | A cost-of-living crisis sparked in part by higher fuel and food prices is expected to hit women the hardest, the World Economic Forum reported Wednesday, pointing to a widening gender gap in the global labor force.
The Geneva-based think tank and event organizer, best known for hostin... Read the Full Story |
|
Stocks | | |
-Greenbrier’s net profit fell from $3.9 million to $15.9 million in the same quarter in 2021. EPS came in at $0.59.
-Revenue came in at $793 million vs. $450 million in the previous years.
-Cost of goods sold increased by 91% versus revenue, which was up 79%.
-Greenbrier’s stock is ... Read the Full Story |
|
Markets | | | ODFL has a surging dividend growth rate and is rapidly buying back its shares. It's a rare company that has very strong cash flows and a negative net debt, which allows it to return an increasing amount of value back to investors for three consecutive financial years. Read the Full Story |
|
Markets | | | Online styling and apparel retailer platform Stitch Fix (NASDAQ: SFIX) shares have been a disaster falling (-72%) on the year. The online personal styling service was hurt during the COVID-19 lockdowns despite the migration to e-commerce as consumers flocked to athleisure and comfort wear at home. T... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day GFL Environmental Inc. offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers. The company was incorporated in 2007 and is headquartered in Vaughan, Canada. | | View Today's Stock Pick |
|
