Good MorningEquity markets rebounded last week following better-than-expected commentary from Fed Chief Jerome Powell. The FOMC hiked interest rates by only 75 basis points and indicated the pace of interest rate hikes could slow over the next two meetings. The bad news is the PCE index belied that sentiment by rising to the highest level in 30 years as the pace of consumer level inflation accelerates. The takeaway is that near-term headwinds are priced into the market but long-term headwinds are still present and getting stronger.
Next week will be another hurdle for the market in regard to both the economic data and the earnings. The economic data include several key reads but topping the list is the Non-Farm Payroll report. The NFP report is expected to show a slowdown in the pace of hiring and wages which is mixed news indeed. As for earnings, reports from another 20% to 30% of the S&P 500 are expected over the next 5 days. Featured: Keep These Stocks On Your Radar... (PTR) 
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Markets | | | A stock is a trading and investing instrument representative of an underlying business. This sounds simple enough, but surprisingly gets too often misunderstood in a bear market. In other words, a stock is not the company. A business is an organization that operates on a day to day basis to pursue g... Read the Full Story |
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Rivian (NASDAQ: RIVN) is an American electric and automotive maker, that is based out of Irvine, California. Rivian is a part of a growing number of electric car makers that have entered the competitive automotive market in the past decade, others include Tesla (NASDAQ: TSLA), Lucid Motors (NASDAQ... Read the Full Story |
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Markets | | | Shares are mostly higher in Asia after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in the region's biggest economies, China and Japan Read the Full Story |
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Markets | | | Shares were mostly higher in Asia on Monday after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in the region’s biggest economies.
Tokyo, Shanghai and Sydney advanced while Hong Kong and Seoul slipped. U.S. futures ... Read the Full Story |
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Markets | | | Aerospace giant Boeing (NYSE: BA) stock has rallied strong off its post-pandemic lows at $113.02 to cut its losses on the year to (-24%). While the pandemic crushed Boeing, it is reaping the benefits of rebound in the epicenter travel industry. The Company saw demand spike for commercial aircrafts a... Read the Full Story |
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Markets | | | World shares were mostly higher Monday after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in Asia's two biggest economies: China and Japan.
Germany's DAX gained 0.3% to 13,522,83 while the CAC 40 in Paris added 0.4... Read the Full Story |
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Politics | | | After 21 idle wells were found to be leaking methane — some of them explosive levels of it — in Bakersfield, California in May and June, the California Air Resources Board told the Associated Press that it’s not tallying leaks from idle wells Read the Full Story |
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Politics | | | Rising concern over the impact of a potential Russian gas cutoff is fueling the debate in Germany over whether the country should switch off its last three nuclear power plants as planned at the end of this year Read the Full Story |
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Weyerhaeuser Company (NYSE: WY) is an attractive play for the inflationary times for more reasons than one. Not only does this company pay nearly 2.0% in dividend yield, but its three-pronged focus on Timberlands, Real Estate, and Wood Products makes it a real asset with inflation-resistant qualit... Read the Full Story |
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Stocks | | | The Australian Dollar “could be the foreign exchange market's star” as it’s notably undervalued. However, it can only become the proverbial star of forex once the world “rids itself of its current list of ills.” That’s the opinion of Kit Juckes, head of FX researc... Read the Full Story |
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Monday's Early Bird Stock Of The Day Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen. The company also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, it explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. The company was founded in 1913 and is headquartered in Vancouver, Canada. | | View Today's Stock Pick |
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