Good MorningEquity markets cheered a weaker than expected CPI report and advanced the S&P 500 by more than 2.0% at the high of the day because of it. While good news, investors are cautioned not to become overly bullish in light of the trend in inflation. The CPI data was weaker than expected but still hot at nearly 6.0% YOY at the core level. At this rate, the FOMC can be expected to hike rates by at least 50 basis points at the next meeting and the peak of inflation is yet to be official. At best, inflation has been trending at the current levels for a few months now and points to ongoing pain at the register for consumers of all types.
Next week we'll get a fresh read on consumer spending in the form of retail sales. The takeaway from the news, however, is likely to support the idea that volume sales are in decline and the difference in growth is due to higher prices and inflation. The message to investors is that activity is slowing on a currency-neutral basis and the decline could accelerate given the expectation for FOMC interest rate hikes. Featured:
Watch These 4 Penny Stocks... (PTR) 
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Healthcare | | |
Since the rebound from the global financial crisis in 2009, the Dow Jones Industrial Average (DJIA) has finished down for the year on only two occasions. With the widely followed index down around 8% year-to-date, the potential for a third such occurrence is looming.
Yet not all Dow-30 members ha... Read the Full Story |
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From Our PartnersThere's still plenty of upside ahead for gold stocks.
Goldman Sachs says gold could run to $2,500 by the end of the year-especially with fears of a potential recession. And, according to Jeff Currie, Goldman Sachs global head of commodities research, as quoted by Bloomberg, "It's a perfect storm for gold right now."
So, where should we invest? Try these. | | Click Here to Download the FREE Report |
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Stocks | | |
Energy stocks Schlumberger (NYSE: SLB) and Transocean (NYSE: RIG) boast double-digit year-to-date price gains, part of the overall energy sector’s 2022 leadership trend.
These are quite different companies, in terms of size and profile. Together, they offer a glimpse of how various pa... Read the Full Story |
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Politics | | | World shares were mixed Thursday after Wall Street benchmarks closed at three-month highs as investors cheered a report showing inflation cooled more than expected in July.
U.S. futures edged higher and oil prices also advanced.
The U.S. government said Wednesday that... Read the Full Story |
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From Our PartnersNot sure what’s going to happen next in these markets? Look to history. In 2004-2006, we saw backbreaking inflation run rampant just like today. And what happened next? An historic bull market. The deck is stacking again for another bull market - and it could dwarf the last one.
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Stocks | | |
Draftkings (NASDAQ: DKNG) share prices have been in a sustained downtrend that has the look of a rounded bottom. This is noteworthy because truly rounded bottoms are very rare and, to be fair, this one is really a series of smaller bottoms that have led to a slow build-up of support. The bottoming... Read the Full Story |
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Markets | | |
While Rite-Aid is a drugstore, its main growth driver is the pharmacy benefits management (PBM) business
Rite Aid stock plunged below pandemic lows to $4.68 as it reported a tear-jerking (-$1.63) loss per share
Bullish investors believe the COVID business bought the Company enough time to buil... Read the Full Story |
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From Our PartnersHistorically, things like precious metals, consumer staples, commodities, utilities, health care, and transportation stocks have performed well in a bear market. Our experts say these 4 stocks are positioned well - even in a down market. | | Click here to get the names & ticker symbols of all 4 stocks. |
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Markets | | | New Zealand house prices have fallen year-on-year for the first time in more than a decade as rising interest rates finally halted a dizzying boom that had only gained momentum after the coronavirus pandemic first hit Read the Full Story |
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Politics | | | The European Union's full ban on Russian coal imports kicked in on Thursday at a time when British defense intelligence said that Western sanctions were increasingly having an impact, even on Russia's defense exports.
Britain said that Moscow was already strained by the need to produ... Read the Full Story |
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Tech | | | India’s phenomenal transformation from an impoverished nation in 1947 into an emerging global power whose $3 trillion economy is Asia’s third largest has made it a major exporter of things like software and vaccines Read the Full Story |
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Markets | | | Water levels on the Rhine River could reach a critically low point in the coming days, German officials said Wednesday, making it increasingly difficult to transport goods — including coal and gasoline — as drought and an energy crisis grip Europe.
Weeks of dry weath... Read the Full Story |
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Stocks | | |
As more data releases point to a slowdown in consumer and business spending activity, the road ahead for the U.S. economy could be rocky. So what are the implications for U.S. stock investors?
When economic uncertainty rises, it can be a good idea to seek out businesses that have demonstrated the... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Casa Systems, Inc., a communications technology company, provides solutions for next-generation physical, virtualized, and cloud native architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, as well as small cell solutions, axyom element management system, and fixed wireless access devices; and virtual, centralized, and distributed deployment, and bandwidth capacity expansion systems. The company provides optical access solutions, virtualized broadband network gateway router and multiservice router, fiber extension, and residential broadband gateways; and machine-to-machine and industrial internet of things routers. Casa Systems, Inc. was incorporated in 2003 and is headquartered in Andover, Massachusetts. | | View Today's Stock Pick |
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