Good MorningEquities extended their rally on Thursday with the S&P 500 moving up about 1.0% at the high of the day. While the near-term trend is up there is still risk in the market so investors should beware. On a technical basis, the S&P 500 is still within a downtrending channel that has dominated prices for the last several months. So long as the index is inside this channel any rebound in equity prices should be viewed as a selling opportunity.
Aside from earnings, the next big hurdle for the market will be the FOMC meeting next Wednesday. The meeting is the day before the June PCE data and will be a trying time for the Fed governors. As it is, it looks like the committee is on track for a 100 basis point interest hike at the July meeting but they may hesitate in favor of the data. The risk for the market is twofold, on the one hand, the FOMC could unleash a large interest rate hike on the economy while on the other, inflation may continue to run rampant. Featured: Our Top Stock for a Recession... (WIA) 
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Markets | | | It’s easy to say “value is where you find it” with an account worth 6 figures. A single purchase of Chipotle Mexican Grill (NASDAQ: CMG) won’t tilt the meter in regard to account diversification and risk Read the Full Story |
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From Our PartnersCheck out the 4 penny stocks that our analyst says could be a portfolio saver. These stocks are trading for $5 a share or less and could be a game-changer for investors looking for unique diversity in today's rocky market. | | Get the names & ticker symbols here. |
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Markets | | | Customer relationship management software giant Salesforce (NASDAQ: CRM) shares fallen (-31%) in 2022. Salesforce is the largest enterprise customer relationship software (CRM) company in the world through acquisitions including Slack, Mulesoft, and Tableau. Read the Full Story |
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Politics | | | Shares were mostly higher in Europe and Asia on Friday after another day of gains on Wall Street driven by strong corporate earnings.
Benchmarks rose in London, Paris, Tokyo and Hong Kong but fell in Seoul and Shanghai. U.S. futures edged lower and oil prices also declined.
... Read the Full Story |
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From Our PartnersA former advisor to the CIA and Pentagon believes this order could allow for legal government surveillance of all US citizens; total control over your bank accounts and purchases; and the ability to silence all dissenting voices for good. | | | | See what Biden signed in Executive Order 14067 |
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Markets | | | After several quarters of uncertainty, Knight-Swift Transportation (NYSE: KNX) delivered what the market was looking for. The company reported top and bottom outperformance and raised the guidance due to strong demand and margin improvements. Read the Full Story |
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Politics | | | Asian shares were mixed Friday after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits.
Tokyo, Shanghai and Hong Kong gained while Sydney and Seoul declined. U.S. futures edged lower while oil prices rose.
... Read the Full Story |
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From Our PartnersBloomberg is calling it a "frenzy"... CNBC says the situation is "white hot"... and right now, it's set to upend a massive $43 trillion industry right here in the U.S. Within the space of just 12 months, this disruptive trend has caused a special "breed" of stocks to jump 381%, 597% and even 1,742%. And today, regular folks can tap into this megatrend for just $100. | | Uncover everything for yourself in this just-released video presentation. |
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Politics | | | Asian shares were mostly higher on Friday after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits.
Tokyo, Hong Kong and Sydney advanced while Seoul and Shanghai declined. U.S. futures edged lower while oil prices rose.
... Read the Full Story |
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Politics | | | A Rajapaksa political ally was appointed Sri Lanka's prime minister Friday, hours after army troops and police forcefully cleared the main protest site occupied for months by demonstrators angry at the Rajapaksas over the country's economic collapse.
The overnight raid occurred even t... Read the Full Story |
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Politics | | | Sri Lankan security forces arrested several people by early Friday and cleared the main camp protesters have occupied for more than three months while demanding the nation's leaders resign over an unprecedented economic collapse.
Army and police personnel arrived in trucks and buses a... Read the Full Story |
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Markets | | | Tesla (NASDAQ: TSLA) reported a mixed quarter but the shares are moving higher anyway. The shares are moving higher because, although mixed, the margin came in well above the consensus estimate despite headwinds that cut into both the top line and margins. Read the Full Story |
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Markets | | |
-Kinder Morgan reported earnings of $635 million compared to $516 million in the second quarter of 2021.
-Distributable cash flow came in at $1,176 million, compared to $1025 million.
Kinder Morgan (NYSE: KMI), is one of the largest energy infrastructure companies that specializes in owning and ... Read the Full Story |
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Friday's Early Bird Stock Of The Day SilverBow Resources, Inc., an independent oil and gas company, exploration, develops, acquires, and operates oil and natural gas properties in the Eagle Ford shale and Austin Chalk located in South Texas. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc. in May 2017. SilverBow Resources, Inc. was founded in 1979 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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