Good MorningEquity markets held steady at near-term highs for a second day despite signs of weakening in the economy. The little-watched JOLTs report, a measure of job availability within the economy, contracted in June by the second fasted pace on record and to the lowest level in nearly a year as businesses reel in their spending plans. The news is only the latest in a string of reports that suggests peaking within the economy and the onset of lingering stagnation, if not deepening, recession. Later this week, a report from the ISM and the Non-Farm Payrolls figure could move the market as well.
The market is expecting job gains to slow on a month-to-month basis, and the figure could come in weaker than expected, which might be good news in the long run. A slowdown in hiring could help ease inflationary pressures in wages and consumer spending and get the economy back on the right track. If not, the JOLTs report could be the first signal of a worsening economic crisis caused by rampant inflation. Featured: Top 5 Stocks with Strong Insider Buying (UpTrend Alerts) 
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Politics | | | Global stock markets were mixed Wednesday as traders watched for potential economic impact from the visit to Taiwan by Nancy Pelosi, speaker of the U.S. House of Representatives.
London and Shanghai fell. Frankfurt, Tokyo and Hong Kong gained. Oil prices declined.
Chin... Read the Full Story |
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Nike (NYSE: NIKE) has been put on the watchlist of many investors following its sell-off. The company is currently down -32.94% YTD and significantly trails behind the S&P 500 at a -14.16% decline. Investors are watching this stock closely due to its performance significantly beating the S&... Read the Full Story |
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Tech | | | China has blocked imports of citrus and fish from Taiwan in retaliation for a visit by U.S. House Speaker Nancy Pelosi but avoided disrupting one of the world’s most important technology and manufacturing relationships Read the Full Story |
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Pioneering EV manufacturer Tesla (NASDAQ: TSLA) is leading the entire EV market higher and into a potential reversal that could take it and its peers into the new all-time high territory. Stocks from Rivian (NASDAQ: RIVN) and Workhorse Group (NASDAQ: WKHS) to Nikola (NASDAQ: NKLA), Nio (NYSE: NIO)... Read the Full Story |
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Automobile retailer AutoNation (NYSE: AN) stock is trading up 4.1% for 2022 in the 2022 bear market. The auto retailer saw its quarterly profits hit all-time highs as it rose 34% for fiscal Q2 2022. The global chip shortage and supply chain constraints caused new vehicle sales to fall (-14%)... Read the Full Story |
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From Our PartnersA former advisor to the CIA and Pentagon now believes President Biden plans to retire the US dollar we know.
And replace it with what he calls 'Biden Bucks'. It is underway. | | | | See what Biden signed in Executive Order 14067 |
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Stocks | | |
FedEx (NYSE:FDX) could be a contender for a defensive stock pick as the economy cools down from continued interest rate hikes from the Federal Reserve. As a transportation and logistics company, FedEx supplies an essential service, delivering all manner of staples and required products people simp... Read the Full Story |
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Markets | | | The OPEC oil cartel and its allies are meeting Wednesday to decide how much crude to produce in September amid high oil prices and unstable energy supplies exacerbated by the war Russia has waged on Ukraine.
They also will be considering what effects staggering inflation and rising C... Read the Full Story |
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Politics | | | Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters.
Economists are divided over whether a recession is looming. What's clear is that economic uncertainty isn't... Read the Full Story |
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Politics | | | Annual inflation in Turkey soared to nearly 80% in July, official data showed Wednesday, with skyrocketing food, housing and energy prices hitting consumers hard.
The Turkish Statistical Institute said consumer prices rose by 79.6% from a year earlier, up about 1 percentage point from... Read the Full Story |
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Markets | | |
AMD (NASDAQ: AMD) reported second-quarter earnings on the 2nd of August 2022, with revenue surging by 70% y-o-y, but shares fell anyway in after-hours trading. The decline in the stock price can be attributed to management's forecasts for the third-quarter, where it expects revenue to come in slow... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ameriprise Financial, Inc., together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor networks, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. This segment products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota. | | View Today's Stock Pick |
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