Good MorningEquities tried to advance for a second day following the better-than-expected CPI data but the move was without momentum and left the index relatively flat at the end of the day. The move gives evidence the rally in stocks is nothing more than a bear market rally but leaves another question unanswered. Assuming the market is in a bear-market rally the question is how long it will last and what will put an end to it. The best answer is a few more weeks to a month or so.
The market still has faith in the "peak inflation" theory and will be tested during that time. Not only will there be another read on the CPI index but two more reads of the PCE Price Index and all three should confirm lingering high levels of inflation. The takeaway is the FOMC is going to hike rates by at an aggressive pace in September and it could be another hot 75 basis point increase. Next week, a read on Retail Sales will be the focus for traders. Featured: 4 Top Stocks for a Bear Market (PTR) 
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Honeywell became a diversified giant through its growth by acquisition strategy
Despite cyclical pressures and inflationary headwinds, the Company saw 12% growth in orders
The Company executed $3.2 billion in stock buybacks
Diversified technology and manufacturing company Honeywell (NYSE: ... Read the Full Story |
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From Our PartnersDo you want a list of stocks trading for $5 a share or less that are in an excellent position to deliver potential breakthroughs in the months ahead? Check out these top penny stocks poised to soar... | | Click here for the names & ticker symbols. |
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Stocks | | | There have been plenty of sunny days lately for solar giant Enphase Energy (NASDAQ: ENPH), which has posted outsized earnings growth recently. Below are its returns:
1 month: +34.36%
3 months: +93.22%
Year-to-date: +58.97%
1 year: +56.73%
California-based Enphase designs, manufactures and s... Read the Full Story |
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Markets | | | With an almost 80% rally since the middle of May, there’s a strong case to be made for considering a long position in electric vehicle (EV) maker NIO’s (NYSE: NIO) shares. While they were well able to capitalize on the euphoria that swept equity markets before and after the COVID crash, ... Read the Full Story |
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From Our PartnersThere are 4 stocks positioned well to help you weather the storm - and continue to grow your wealth - during a down market. Enter your email and we'll send you the names & ticker symbols of all four stocks straight to your email inbox... | | Click here for all 4 stocks. |
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Politics | | | Expectations were raised Friday that the first U.N. grain transport ship could soon be leaving Ukraine for Africa, while more Russian shelling struck the east of the country — shifting the war between hope and despair on Friday.
Closing in on the half-year mark, the war has sent food ... Read the Full Story |
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Politics | | | Samsung's de-facto leader secured a pardon Friday of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government, an act of leniency that underscored the tech company's huge influence in the nation.
Lee Jae-yong's pardon is par... Read the Full Story |
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From Our PartnersThe cycles that accurately warned of the Great Depression and every major investment event since … are now warning that the most severe geopolitical earthquake of this century has just begun.
This crisis is so urgent that Weiss Ratings cycles expert Sean Brodrick and I held an emergency summit to prepare investors for the fallout. | | | | Protect your portfolio, click this link |
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Politics | | | The United Kingdom's economy shrank in the three months to June, figures released Friday showed — a smaller-than-expected contraction that nevertheless added to jitters about the rocky months ahead.
The Office for National Statistics said Britain’s gross domestic product fell by 0.1% ... Read the Full Story |
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Markets | | |
Disney Parks division leading from the front
ESPN+ subscribers rose 53% from a year ago
The company added 14.4 million Disney+ subscribers
An 8% gap up to start Thursday’s session should tell you everything you need to know about how investors are feeling about Disney (NYSE: DIS) righ... Read the Full Story |
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Politics | | | Shares opened higher in Europe after a mixed day in Asia on Friday following another encouraging report about U.S. inflation.
The United Kingdom reported its economy contracted 0.1% in the last quarter as families cut back on spending to cope with price increases. The decline was bet... Read the Full Story |
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Tech | | | Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions.
Revenue fell 5.9% from a year earlier to 301.6 billion yuan ($44.8 billion) in the six m... 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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Friday's Early Bird Stock Of The Day WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cables, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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