Good MorningThe rebound in equities hit a roadblock in the form of resistance at the 4,150 level last week and may have a hard time moving higher. The move was capped with a lackluster day on Friday that was sparked by hotter-than-expected employment numbers. The NFP report shows employment and wage gains both accelerated on a month-to-month basis and put added pressure on the Fed to hike rates.
This week's big news will be the CPI report on Wednesday. The report may show inflation coming down from the previous month but there is risk in that outlook. Not only was the PCE price index hotter than expected but indications from the bulk of S&P 500 companies is for systemic inflation to continue into the 4th quarter. Featured: How This Market Leads To The Biggest Bull Market Ever (Darwin) 
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Teva Pharmaceutical Industries Limited gapped up 28% on July 27th
Chipotle Mexican Grill, Inc. jumped 15% on July 27th
On August 2nd, Pinterestmstock gapped up 12%
When the volume gets raised at a summer music festival, concertgoers’ ears perk up. The same goes for stock trading ... Read the Full Story |
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Markets | | |
The pandemic was the driver that blew up Etsy’s business and stock price. The question is whether it can continue to grow.
Etsy stock is down (-40%) for the year
While growth has slowed as the pandemic dissolves further in the rearview mirror, it’s still there
Global digital mar... Read the Full Story |
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Tech | | | European benchmarks were mixed Tuesday after gains in most Asian markets despite weakness in technology shares, including Japan’s SoftBank.
Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to wor... Read the Full Story |
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Tech | | | Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn.
Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. High... Read the Full Story |
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Tech | | | It's an old and new media marriage: Axios Media, the digital news site known for its to-the-point blurbs on politics, tech and business, is being acquired by Cox Enterprises, the media conglomerate that owns the Atlanta Journal-Constitution, the Kelley Blue Book and major broadband internet services... Read the Full Story |
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Markets | | | Big-box retailers Walmart (NYSE: WMT) and Target (NYSE: TGT) are still trading at multi-year lows after gapping down following their most recent earnings reports.
Walmart is trading at July 2020 levels, after advancing 1.88% in the past week.
Last week, the company said it would lay off about 200 ... Read the Full Story |
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Politics | | | Russia and Ukraine traded accusations Monday that each side is shelling Europe's biggest nuclear power plant in southern Ukraine. Russia claimed that Ukrainian shelling caused a power surge and fire and forced staff to lower output from two reactors, while Ukraine has blamed Russian troops for stori... Read the Full Story |
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Politics | | | Colombia’s first leftist president presented an ambitious tax plan on Monday that aims to raise up to $11 billion a year for anti-poverty programs.
Gustavo Petro was sworn into office on Sunday, and has promised to fight economic inequality while investing in rural areas that have lon... Read the Full Story |
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Markets | | |
Home Depot is slated to report its second quarter on August 16
Lowe’s reports its second quarter on August 17
Both stocks are trading above their 50-day moving averages
Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) have become ubiquitous sightings throughout American cities and towns, ... Read the Full Story |
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Markets | | |
Norwegian Cruise Lines Holdings (NYSE:NCLH) reports earnings on July 9. If the reports from Royal Caribbean Cruises (NYSE: RCL) and Carnival Cruise Lines (NYSE: CCL) are any indication, investors should expect to see revenue approaching pre-pandemic levels and an improving earnings picture.
... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding. It offers wired and wireless battery management systems; power electronics units; and telematics control units to enable secure connected car services, software updates, and data. In addition, the company provides SmartCore, an automotive-grade, integrated domain controller; SmartCore Runtime, a middleware enabling communication between domains and apps to be shown on any display; SmartCore Studio, a PC-based configuration tool to generate hypervisor configurations; and body domain modules, which integrate various functions, such as central gateway, body controls, comfort, and vehicle access solutions, into one device. Visteon Corporation was incorporated in 2000 and is headquartered in Van Buren, Michigan. | | View Today's Stock Pick |
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