Good MorningEquity markets began the week in the green and moved up in Monday trading. The S&P 500 gained about a half of a percent at the high of the day and will probably move higher in the near term. The move is driven by the weaker than expected CPI data last week but investors are warned not to put too much faith in the rally. The rally is still a bear market rally and one that will result in another sell-off in the not too distant future. The question that needs to be answered is if the next sell-off will result in a clear Buy Signal that is confirmed by economic data and the outlook for earnings, or if the market will move down to another new low.
The big news this week is going to be the Retail Sales figures on Wednesday. The Economists are expecting a gain of only 0.1% versus the prior month which is tepid at best and optimistic at worst. A weak figure may not send the market into a tailspin but it will help set up the next decline. A series of weak economic reports could put an end to the market's optimism and there are other reports due out this week. Other reports of interest include several reads out of the housing market and the Index of Leader Indicators. Featured: This Market Is Full Steam Ahead (Darwin) 
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Politics | | | Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable.
Under the bill President Joe Biden is scheduled to sign... Read the Full Story |
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Stocks | | | Cybersecurity stocks have been on the rise in recent weeks, as companies like CrowdStrike Holdings (NASDAQ: CRWD) rally from previous lows.
CrowdStrike specializes in cloud-based protection for enterprise customers. It offers intelligence about various cyber threats, and also provides security and ... Read the Full Story |
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Markets | | | Global shares mostly rose Tuesday, despite investor risk reflected in negative economic data out of China, and analysts warned that volatility may lie ahead.
European shares gained in early trading. The benchmark in Tokyo finished little changed, while indexes in South Korea and Austr... 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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Markets | | |
It wasn’t that bad after all.
With the second quarter earnings season almost in the books, worries about a rash of negative earnings surprises have proven to be unfounded. According to the latest insight from Factset, roughly three out of four S&P 500 companies have reported posit... Read the Full Story |
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Markets | | |
Back on June 16th, things were looking pretty grim for the Nasdaq-100. The tech-heavy index slipped to its lowest level of the year. Amid the mounting recession and geopolitical worries, 34% was slashed from the benchmark’s record peak.
Fast forward just two months and things look quite dif... Read the Full Story |
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From Our PartnersLegend who bought Amazon at $48 Apple at $0.35 sets his sights on the next big thing. This company's technology stands to disrupt many industries, and its just $4. | | Get the full story here. |
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Markets | | |
Skyworks Solutions (NASDAQ: SWKS) is an undercovered and underappreciated asset working in the semiconductor industry. The company does not make or market semiconductors but manufactures a wide range of semiconductor-based components for business and industry of all verticals. In this light, it is... Read the Full Story |
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Workhorse Group (NASDAQ: WKHS) has had a tough year but it looks like the toughest times are behind them. Not only is the company moving on from the C-series issues it had last year but the new CEO appears to have the company on track to begin production this quarter. While the calendar Q2 results... Read the Full Story |
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Politics | | | Indonesia’s president called on all citizens to remain united, vigilant and alert as they face crises fueled by the war in Ukraine and coronavirus pandemic in his State of the Nation address Tuesday.
After two years of remote meetings amid pandemic restrictions, more than half of Indo... Read the Full Story |
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Politics | | | Germany’s main industry lobby group has warned that factories may have to throttle production or halt it completely because plunging water levels on the Rhine are making it harder to transport cargo on the river Read the Full Story |
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Politics | | | President Joe Biden will sign Democrats’ landmark climate change and health care bill on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters less than three months before midterm elections.
Th... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection. It also provides human resources (HR) software solutions for employee self-service, compliance, HR edge, data analytics, and workflows and documents, as well as human resource management system; talent management system for recruiting, onboarding, performance, compensation, and learning; and benefits administration software. In addition, the company offers employee experience platform for community, employee voice, recognition and rewards, video, and modern workforce index; HR reporting software; and mobile HR solutions. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois. | | View Today's Stock Pick |
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