Good MorningThe rebound in equities extended to a fifth day on Wednesday and took the S&P 500 to a 1-month high. The move, while bullish, appears to be losing steam however under the deluge of earnings reports. The earnings reports have been coming better than expected but much of the guidance has been weak. There is a chance the index has bottomed but it looks to us like a retest of the recent lows is brewing.
The latest read on Existing Home sales is another negative for the economy. The pace of existing home sales contracted on a month-to-month basis as prices and interest rates leave prospective buyers out of luck. Today's read of the Index of Leading Indicators may paint a different picture but it looks like the economic contraction that began in the 1st quarter is gaining momentum. Featured: Keep These Stocks On Your Radar... (PTR) 
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Markets | | | A good strategy for this unprecedented backdrop may be to bunker down with steady dividend paying companies that are likely to trend higher as market conditions improve. Compared to what was available at the market peak, there are certainly some big dividend yields out there. Read the Full Story |
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From Our PartnersThis global leader in plant cell biology enters commercialization and has a pipeline of 6 major customers for its products. Q2 sales orders set a new high at 97% growth over Q2 2021. Leveraging their patented platform technology, this company is poised to bring the next generation of science-based therapeutics to the world. | | ADD THIS COMPANY TO YOUR WATCHLIST! |
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Markets | | | Digital signature cloud company DocuSign (NASDAQ: DOCU) stock has fallen (-60%) and lost its CEO in this year’s bear market. The enterprise e-signature business took an unexpected jolt higher during the pandemic lockdowns Read the Full Story |
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Markets | | | In recent sessions, Exxon Mobil has rallied along with the broader market, with the stock advancing 4.2% so far in July. Is Exxon Mobil representative of the broader energy sector, or an outlier? And did the sector’s mid-June peak mark the apex for the foreseeable future? Read the Full Story |
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From Our PartnersRampant chaos. Out-of-control inflation. Worldwide uncertainty. The last word you would think to describe our market is “perfect”. But it is - a perfect storm. These factors are working in tandem to create a huge opportunity for big profits.
(**By clicking link you are subscribing to The Bullish Traders Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | | Click HERE for two stocks that could triple |
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Markets | | |
Just like the animal they mimic, bear markets are known to have a wide reach. When the bears take a swipe at elevated stock prices, few names survive.
This year’s bear market attack has spared few industries. High flying technology companies have been especially hard hit by the impact... Read the Full Story |
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Markets | | | Shares opened lower in Europe and oil prices sank Thursday, after Italian Premier Mario Draghi resigned following a boycott of a confidence vote by key coalition allies.
The change likely signals an early election and more uncertainty for Italy and for Europe as a whole at a time whe... Read the Full Story |
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Markets | | | Shares opened lower in Europe and oil prices sank Thursday, after Italian Premier Mario Draghi resigned following a boycott of a confidence vote by key coalition allies.
The change likely signals an early election and more uncertainty for Italy and for Europe as a whole at a time whe... Read the Full Story |
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Politics | | | The European Central Bank on Thursday will join the U.S. Federal Reserve and other major central banks in raising interest rates. The only question is by how much — and whether the rush to make credit more expensive will tip Europe and other major economies into recession at the price of fighting re... Read the Full Story |
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Politics | | | Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a 10-day shutdown for maintenance — but the gas flow remained well short of full capacity and the outlook was uncertain, which leaves Europe still facing the prospect of a hard winter.
The Nor... Read the Full Story |
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Politics | | | Italian Premier Mario Draghi resigned Thursday after key coalition allies boycotted a confidence vote, signaling the likelihood of an early election and a renewed period of uncertainty for Italy and Europe at a critical time.
Draghi tendered his resignation to President Sergio Mattare... Read the Full Story |
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Markets | | | General Electric's recent downgrades by analysts were credited due to the deteriorating short-term outlook for the stock. However, the company does perform well on several important ratios and with a less expensive valuation, leading to a bull case for shares. Read the Full Story |
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Thursday's Early Bird Stock Of The Day NextPlay Technologies, Inc., a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company operates through three segments: Media, FinTech, and Travel. The Media segment provides HotPlay games studio, a game development studio that develops a range of casual games; HotPlay redemption mobile application, a digital wallet that is used to collect the HotPlay IGA rewards; HotPlay In game advertising and rewards platform, that enable advertisements and rewards to be inserted in game; goPlay platform, a gamification platform for users to compete against each other through tournaments and challenges, as well as a reward platform that rewards users for their continued loyalty and continuous game; and Zappware, a TV as a Service platform, which includes media source ingest, encoding and transcoding, packaging, protection, delivery, playback, and analytics that provide telco operators for their digital media processing, as well as a client side set top box and smart TV middleware platform, associated application framework and corresponding, and supporting content management system. The FinTech segment engages in the development of NextFinTech Platform, an integrated digital financial platform, which offers mobile banking, investments into alternative assets, and insurance to businesses and individuals. The Travel segment offers booking solutions for business and leisure; and travel technology solutions comprising alternative lodging rental properties under NextTrip ConNextions brand. The company was incorporated in 2005 and is based in Sunrise, Florida. | | View Today's Stock Pick |
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