Good MorningEquity markets rebounded on Thursday after an upward revision to the 2nd quarter GDP. While the revision is good news, the 2nd quarter GDP was still negative and ultimately worse than expected. The S&P 500 gained about 1.0% on the news at the high of the day and may move higher on Friday.
Friday's action will be driven by both the PCE price index and FOMC Chief Jerome Powell's speech at the Jackson Hole Symposium. The market is hoping Mr. Powell will give some indication the pace of interest rate hikes will ease but it may be disappointed. Even if the pace of inflation comes down, it is expected to remain high for a sustained period of time and is begging for the Fed to act. As it is, the CME's Fedwatch Tool is pricing in a 60% chance for another 75 basis point increase in September and there could be another in November if inflation still hasn't subsided. Featured: Top 5 Stocks with Strong Insider Buying (UpTrend Alerts) 
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Politics | | | Driven by moral outrage over Russia’s invasion of Ukraine earlier this year, U.S. governors and other top state officials made it clear: They wanted to cut their financial ties with Russia.
A few states quickly followed through. Idaho sold $300,000 of bonds in a Russian oil company in... Read the Full Story |
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Politics | | | Global stock markets were higher Friday ahead of a speech by the Federal Reserve chair that investors hoped would shed light on plans for more interest rate hikes.
London and Frankfurt opened higher. Tokyo and Hong Kong advanced while Shanghai declined. Oil prices rose.
... Read the Full Story |
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Williams-Sonoma (NYSE: WSM) is living proof that not all is lost within the retail world. Results within the retail sector are mixed to be sure but ultimately some have done poorly while others fared better. When it comes to Williams-Sonoma, calculus is simple. A respected brand combined with a we... 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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Snowflake (NYSE: SNOW) reported earnings after-hours on 24th August. Shares soared over 18% after-hours as better-than-expected results played strongly into investor sentiment. Revenue surged by 83% to $497 million. The revenue retention rate came in at 171% meanwhile custo... Read the Full Story |
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Markets | | | Amsterdam’s Schiphol airport has reported a net profit of 65 million euros ($64.8 million) for the first six months of the year as passenger numbers soared despite post-pandemic staff shortages that led to huge lines and piles of luggage Read the Full Story |
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From Our PartnersThe Electric Vehicle boom is here. We could see over 300 million EVs on the road by the end of the next decade. And individual investors – just like you – are cashing-in. The Smart Money is going straight to the source by investing in under-the-radar lithium mining stocks like this one: Developing one of the only lithium projects on US soil and currently trading below US$0.30 per share. | | More details here...
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Tech | | | They’re your run-of-the-mill “salarymen,” as company workers in Japan are called — hard-working, friendly and, well, rather regular.
But the chief executive and general manager at a tiny Japanese security company are among the nation’s biggest TikTok stars, drawing 2.7 million followe... Read the Full Story |
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Politics | | | Jennifer Jones keeps feeding money into her energy meter, but it never seems to be enough. And when she can’t pay, she feels the impact immediately.
The power in her London home has gone off suddenly three times recently, once when her partner was cooking an egg.
Like ... Read the Full Story |
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Markets | | | Shares of PayPal Holdings (NASDAQ: PYPL) are up 6% since the company reported better-than-expected second-quarter results earlier this month.
Earnings fell 19% from the year-ago quarter to $0.93 per share, while revenue grew 9% to $6.8 billion. The company topped analysts’ expectations,... Read the Full Story |
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Salesforce (NYSE: CRM) stock was down 3.3% as earnings came in weaker than analysts had expected. Analysts had predicted earnings per share to come in at $1.29, instead, the earnings per share came in slightly lower at $1.20. Despite the weaker-than-expected earnings, Salesforces' revenue came in ... Read the Full Story |
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You want to sink your money into a no-brainer stock. You want the type of stock that would have been the equivalent of investing your money in Michael Jordan in the nineties, if it would have been possible.
AbbVie Inc. (NYSE: ABBV) is a research-based biopharmaceutical company that developed as a... Read the Full Story |
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Friday's Early Bird Stock Of The Day Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries. Its Global Institutional & Specialty segment provides specialized cleaning and sanitizing products to the foodservice, hospitality, lodging, government and education, and retail industries. The Global Healthcare & Life Sciences segment offers specialized cleaning and sanitizing products to the healthcare, personal care, and pharmaceutical industries, such as infection prevention and surgical solutions, and end-to-end cleaning and contamination control solutions under the Ecolab, Microtek, and Anios brand names. In addition, the company provides pest elimination services to detect, eliminate, and prevent pests, such as rodents and insects in restaurants, food and beverage processors, hotels, grocery operations, and other commercial segments including education, life sciences, and healthcare customers. Further, it offers colloidal silica for binding and polishing applications in semiconductor, catalyst, and aerospace component manufacturing, as well as chemical industries; and products and services that manage wash process through custom designed programs, premium products, dispensing equipment, water and energy management, and reduction, as well as real time data management. It sells its products through field sales and corporate account personnel, distributors, and dealers. Ecolab Inc. was founded in 1923 and is headquartered in Saint Paul, Minnesota. | | View Today's Stock Pick |
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