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: Sell every Stock except ONE (Legacy Research) 
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Markets | | |
Coca-Cola (NYSE:KO) and PepsiCo (NASDAQ:PEP) are part of the consumer staples sector. This sector includes many of the leading defensive stocks. A feature of the best companies in this sector is that they offer products that consumers will buy no matter what is happening in the broader economy. &n... 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."
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Politics | | | Asian shares were mostly higher Wednesday as regional markets looked to strong economic signs out of the U.S. and China as drivers of growth.
Benchmarks rose in Japan, China and Australia, although shares dipped in South Korea. Analysts warned major risks remain, such as surging case... Read the Full Story |
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Markets | | | Activision Blizzard (NASDAQ: ATVI) stock hasn’t gotten much traction since its earnings report on August 1.
On the one hand, that lack of movement is not particularly surprising, given that Microsoft has offered to buy the game software and console maker for $68.7 billion, or $95 per sh... Read the Full Story |
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From Our PartnersIt’s easy - and fun! - to trade when the markets are reaching new highs. But those days are over (for now). With increasing chaos every week, traders are dealing with stomach-churning charts at the start of every trading day. What do you do? You need a plan.
(**By clicking link you are subscribing to The Stock Market Monster Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | | Click HERE for the perfect stock to load up on |
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Stocks | | |
Mr. President, investors were banking on you signing that enormous climate, health, and tax bill.
With the President signing off on the landmark $430 billion package that earmarks a sizable chunk to clean energy policies, electric vehicle (EV) stocks have been, well, electric as of late.
Since t... Read the Full Story |
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Politics | | | Global shares were mixed Wednesday as markets looked to strong economic signs out of the U.S. and China as drivers of growth.
European shares slid in early trading, while benchmarks finished higher in Japan, China and Australia. Shares fell in South Korea.
France's CA... Read the Full Story |
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From Our PartnersI've never been THIS concerned. Millions are now rushing towards life at "Ground Zero". A frightening new financial reality that has the potential to erase the wealth of millions. The worst part of it all? It's largely avoidable if you know what to look for. It all hinges on a single, simple $1 asset that skyrockets during strange times like these. | | Click here to discover how to stake your claim NOW... before this stock takes off. |
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Markets | | |
Shares of Apple (NASDAQ: AAPL) are approaching their 52-week high and many analysts believe AAPL stock could cross over $200 per share by the end of the year. If it does so, it won’t be exclusively due to iPhone sales (although those sales still are strong).
As many shareholders know... Read the Full Story |
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Politics | | | Britain’s inflation rate rose to a new 40-year high of 10.1% in July, a faster pace than in the U.S. and Europe as climbing food prices in the United Kingdom tightened a cost-of-living squeeze fueled by the soaring cost of energy.
The double-digit surge in consumer prices over a year ... Read the Full Story |
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Politics | | | Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices.
The Office for National Statistics said Wednesday that consumer prices inflation hit double digits, a jump from 9.4% in June ... Read the Full Story |
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Politics | | | Factories in China’s southwest have shut down and a city imposed rolling blackouts after reservoirs to generate hydropower ran low in a worsening drought, adding to economic strains at a time when President Xi Jinping is trying to extend his hold on power.
Companies in Sichuan provinc... Read the Full Story |
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Markets | | | Home Depot's (NYSE: HD) Q2 results and outlook echoed Walmart's (NYSE: WMT) and in a much clearer fashion that suggests not only a peak in consumer spending but the possibility of underperformance in the second half of the year. Home Depot, like Walmart, reported better than expected results and off... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3.3 million residential, commercial, public authority, and industrial customers; and owned 73,689 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage facilities in Texas; provides ancillary services customary to the pipeline industry, including parking arrangements, lending, and inventory sales; and owned 5,645 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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