Good MorningThe selloff in equity markets took a pause on Wednesday but investors are still cautious ahead of the Q2 GDP revision and PCE price index which is due out on Friday. The revision to the GDP is expected to be an improvement but that could be overly optimistic given the decline in the Index of Leading Indicators. The Index of Leading Indicators declined for the 4th consecutive month suggesting economic contraction continued into the 3rd quarter as well.
The news of the week will be the PCE price index, however, when it is released on Friday. The economists are expecting the pace of consumer level inflation to abate but there is risk in the outlook. Even so, the annualized pace of inflation is expected to remain high, near record levels, and well above the FOMC's target rate of 2.0%. In this scenario, it will take a much-better-than-expected figure to take interest rate hikes off the table and that is unlikely to happen. Investors should be prepared for at least a 50 basis point rate hike at the next FOMC meeting. Featured: Why you're losing money on Bitcoin right now (Behind the Markets) 
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Politics | | | Asian shares gained Thursday as Wall Street and global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week.
Benchmarks rose in Japan, Australia, South Korea and China. Trading was temporarily delayed in Hong Kong... 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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Politics | | | Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week.
Benchmarks rose in Japan, Australia and South Korea. Trading was delayed in Hong Kong for a ... Read the Full Story |
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Stocks | | | Cloud-based payroll and human resources management specialist Paylocity (NASDAQ: PCTY) has lost ground in recent sessions, although it’s still far from closing the gap from a price jump following its earnings report.
Paylocity offers a suite of products to simplify payroll, automate pro... Read the Full Story |
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From Our PartnersThere aren’t too many “safe” places to put your money in this market… but this one industry comes close. Demand is still high. Companies are still flush with cash. And the market is actually showing signs that it’s ready to rally already. Best of all, our favorite pick is a penny stock!
(**By clicking link you are subscribing to The Investing Council Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | | Go HERE to load up on these shares today |
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Markets | | |
Zoom Video Communications (NASDAQ: ZM) share price zoomed into the stratosphere when the pandemic gripped the world but those days are long over. Now, after correcting about 85% from the post-pandemic peak, the stock is finally back down at a level that looks attractive. The Q2 report was a mixed ... Read the Full Story |
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Markets | | | While larger medical device makers such as Medtronic (NYSE: MDT) and Intuitive Surgical (NASDAQ: ISRG) are struggling to gain traction, mid-cap Shockwave Medical (NASDAQ: SWAV) has bolted 40% higher since its second-quarter earnings report on August 8.
The company specializes in products to t... Read the Full Story |
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From Our PartnersOnly invest in defense contractors that have actual defense contracts.
This way, you know the technology is solid and they've been properly vetted to provide cutting-edge technology to the military.
This company has won government contracts and is our #1 pick. | | Click here |
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Politics | | | Global shares gained Thursday as investors awaited a highly anticipated speech by the U.S. Federal Reserve chair about interest rates at the end of the week.
Benchmarks rose in Europe in early trading after finishing higher in Japan, Australia, South Korea and China. Trading was tempo... Read the Full Story |
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Stocks | | |
NVIDIA’s (NASDAQ: NVDA) 2nd quarter results reveal a growing bifurcation within the microchip industry (NASDAQ: SOXX). On the one hand, data center demand is supporting growth while on the other, weaknesses in PCs and gaming are sapping the company’s strength. In this light, NVIDIA&rsq... Read the Full Story |
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Politics | | | From Mustafa Moeen’s spot behind the counter, he sees the many faces of Dubai. They come — tired, hungry, stressed out — for a respite and a cup of karak.
Laborers stop on the way to work. Cab drivers linger after long shifts. Emiratis cruise by on midnight joyrides. A cup of milky s... Read the Full Story |
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Markets | | | Domestic casino and gaming operator PENN Entertainment (NASDAQ: PENN) stock has changed its name to reflect the nature of its gaming businesses. The stock is trading down (-32%) for the year, but the Company has been profitable throughout the pandemic whiles it’s competitors like Las Vegas San... Read the Full Story |
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Tech | | | South Korea has signed a 3 trillion won ($2.25 billion) deal with a Russian state-run nuclear energy company to provide components for Egypt’s first nuclear power plant.
South Korea’s government said Thursday the contract between the state-run Korea Hydro and Nuclear Power and ASE req... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Mawson Infrastructure Group Inc. develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities. The company is based in Midland, Pennsylvania. | | View Today's Stock Pick |
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