Good MorningEquity markets reversed Monday's decline and moved up to set a new multi-week high on Tuesday despite a round of lackluster earnings reports. While the bulk of S&P 500 companies that have reported are beating their estimates the margin of outperformance is the lowest it's been since well before the pandemic began and the guidance is weak. Names like Johnson & Johnson with heavy exposure to international markets are reporting dollar-related headwinds on top of ongoing supply-chain and inflationary issues. The takeaway is the outlook for earnings in Q3 and Q4 is in decline and will most likely bring the market down with it.
On the economic front, the Housing Starts and Permits data was mixed and points to a slowdown in activity. While the starts figure was better than expected Housing Starts declined from the previous month and permits were weak suggesting the impact of rising rates is already being felt. Featured: Why Today’s Market Is More “Perfect” Than You Think (Darwin) 
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Markets | | | Ford (NYSE: F) may be in “buy the dip” mode, judging by its year-to-date decline of 38.42%.
Since rebounding from its July 5 session low of $10.61, the stock is up 18.66%. Does that mean the stock has bottomed and it’s time to jump back into the driver’s seat?
Not so ... Read the Full Story |
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Markets | | |
A growing dividend and expanding pipeline are two reasons to invest in ABBV stock
AbbVie (NYSE: ABBV) is a conventional stock for unconventional times. And that’s exactly why it makes sense to add or hold in your bear market portfolio. The company offers a stable and growing dividend ... Read the Full Story |
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Markets | | | Digital payments platform PayPal, Inc. (NASDAQ: PYPL) shares have fallen (-62%) on the year and back below its 2020 pandemic lows. The Company enjoyed accelerated growth during the pandemic but now continues to see its stock deflate Read the Full Story |
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Markets | | | With so many businesses going all-in on cannabis and stock price performance fledgling, many investors have been left scratching their heads. Let’s look at two of the most prominent cannabis stocks to see if the sea of red will ever shift to green. Read the Full Story |
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Markets | | | Asian shares advanced Wednesday after Wall Street rallied to its best day in more than three weeks as companies reported strong profits for the past quarter.
Tokyo's Nikkei 225 jumped 2.7% to 27,680.26, while the Hang Seng in Hong Kong gained 1.5% to 20,966.48. In Seoul, the Kospi ad... Read the Full Story |
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Markets | | | Shares advanced in Europe and Asia on Wednesday after Wall Street rallied to its best day in more than three weeks as companies reported strong profits for the past quarter.
Germany's DAX edged 0.1% higher to 13,318.21 while the CAC 40 in Paris also gained 0.1% to 6,210.15. Britain's... Read the Full Story |
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Markets | | | Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis.
Consumer prices rose 9.4% this year through June, up from 9.1% the previous month, the Office for National Statistics said Wed... Read the Full Story |
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Politics | | | Sri Lankan lawmakers have chosen six-time Prime Minister Ranil Wickremesinghe as president to succeed the ousted leader who fled the country in a vote that risks reigniting political turmoil in the troubled South Asian island nation Read the Full Story |
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Politics | | | Sri Lankan lawmakers have chosen six-time Prime Minister Ranil Wickremesinghe as president to succeed the ousted leader who fled the country in a vote that risks reigniting political turmoil in the troubled South Asian island nation Read the Full Story |
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Markets | | | China's easing of COVID measures and promising economic stimulus policies are a bullish sign for Alibaba. As its macro backdrop improves, its positioned to unleash pent-up demand from consumers who have recently come out of lockdowns. Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Weis Markets, Inc. engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products. It operates stores in Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and West Virginia primarily under the Weis Markets name, as well as Weis, Weis 2 Go, Weis Great Meals Start Here, Weis Gas-n-Go, and Weis Nutri-Facts. Weis Markets, Inc. was founded in 1912 and is based in Sunbury, Pennsylvania. | | View Today's Stock Pick |
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