Good MorningEquities slipped on Monday extending the prior week's decline and putting the S&P 500 on track to move lower later in the week. The index is now below key resistance levels where the bears are likely to increase their selling and add momentum to the move. All the market needs is a catalyst for lower prices and that could come in the form of economic data. There is a long list of economic reports due out this week including construction spending, the ISM Manufacturing Index, and the August read of the non-farm payrolls report. The report is expected to show a cool down in both hiring and wage gains which takes some pressure off of the Fed. Even so, labor conditions remain tight and wages are rising and underpinning broader inflation.
In stock news, the market is gearing up for Apple's next product event. The iconic company is expected to launch several new iPhone models among other products and drive another upgrade cycle for the business. The question the market will want to have answered is how expensive are the new phones and how many, exactly, does the company think it will sell? Featured: 4 Down Market Stocks (PTR) 
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Politics | | | Global stocks and Wall Street futures rebounded Tuesday as investors digested last week's Federal Reserve pledge to fight inflation by keeping interest rates elevated.
London, Frankfurt and Tokyo advanced, while Shanghai declined. The euro edged up to just over $1.
Wall... 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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Markets | | | Targa Resources (NYSE: TRGP), which specializes in midstream energy infrastructure, has been etching the right side of a consolidation since late July.
Targa has been correcting in a pretty orderly fashion, especially if you compare it to the many stocks that are down 50% or more this year.
... Read the Full Story |
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Markets | | | Unity Software (NYSE: U) has been on a wild ride in the past few weeks following an earnings report and some corporate drama surrounding acquisitions.
Unity runs a software platform for creators and sponsors of real-time three-dimensional content. Customers use Unity’s platform to devel... 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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Markets | | |
Sell-side research firms have long had a major influence on the stock market. They employ teams of analysts that scour through financial statements and other data to form in-depth opinions of publicly traded companies. Often their ratings and price targets single-handedly move the needle.
W... Read the Full Story |
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Markets | | |
Global toy manufacturer Mattel, Inc. (NYSE: MAT) stock is trading up 5% on the year. The maker of blue chip brands like Barbie, Hot Wheels, Fisher Price, and American Girls is still delivering double digit growth despite inflationary pressures and supply chain costs. In fact, Mattel has been profi... Read the Full Story |
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From Our PartnersOn September 13, the Government is going to make an announcement that could radically alter your retirement.
Certain stocks and cryptocurrencies could drop by 80%. | | Here's how to protect yourself > > > |
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Politics | | | The National Labor Relations Board has reversed a Trump-era decision by finding that Tesla can't stop factory employees from wearing clothing with union insignia while on the job.
The board, in a 3-2 decision released Monday, overruled a 2019 NLRB decision involving Walmart and union ... Read the Full Story |
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Markets | | | Retail department store chain Macy’s (NYSE: M) stock has had a rollercoaster ride in the past two years as shares trade down (-32%) for the year. The iconic department store chain that brought Santa Claus into the mainstream has emerged from the pandemic as a well-oiled machine. The Polaris tu... Read the Full Story |
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Politics | | | A surge in fighting on the southern front line and a Ukrainian claim of new attacks on Russian positions fed speculation Tuesday that a long-expected counteroffensive has started to try to turn the tide of the war.
But Ukrainian officials warned against excessive optimism in a war th... Read the Full Story |
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Markets | | | Almost the entire Dutch railway network was shut down Tuesday as workers affected by soaring inflation and staff shortages went on strike to demand better pay and working conditions.
Staff at the railway company NS stopped work for the day in the central Netherlands region that acts a... Read the Full Story |
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Politics | | | Sri Lanka’s new government plans Tuesday to present an amended budget for the year that slashes expenses and aims to provide relief to people hit hard by the country's economic meltdown.
President Ranil Wickremesinghe, who is also the finance minister, will present the budget in Parli... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization. In addition, it provides Internet for the future product consists of routed optical networking, 5G, silicon, and optics solutions; collaboration products, such as meetings, collaboration devices, calling, contact center, and communication platform as a service; end-to-end security product consists of network security, cloud security, security endpoints, unified threat management, and zero trust; and optimized application experiences products including full stack observability and network assurance. Further, the company offers a range of service and support options for its customers, including technical support and advanced services and advisory services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California. | | View Today's Stock Pick |
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