Good MorningEquity markets gave up their Monday gains and more on Tuesday following mixed news from the housing sector. The latest data on new home starts and permits showed a surprisingly large increase in starts coupled with a larger than expected decline in permits. The news suggests buyers with contracts are in a hurry to front-run interest rates while those earlier in the home-building process are leaving the market. The takeaway is that FOMC interest rate hikes are having an effect on the economy albeit with a lagging effect on inflation.
The FOMC is expected to hike rates by another historic 75 basis points on Wednesday and could spook the market with its statement. The latest inflation data was far from good and suggests consumer level inflation is still accelerating so a hawkish tone should be expected. Regardless, net activity is slowing on a global basis and bringing the world economy closer to recession. Featured: 4 Top Stocks for a Bear Market (PTR) 
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AMD (NASDAQ: AMD) stock has declined for the past year, on fears that the semiconductor market is heading for a glut, mainly as fears of a global slowdown weigh on sentiment, after this years of shortages. In addition to the potential glut, that is expected to come in 2023, AMD is now witnessing t... Read the Full Story |
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From Our PartnersThere’s no way to sugarcoat it, the market has totally sucked this year if you’re investing on the long side. In fact, it’s been the worst first six months of the year since the 1970’s. And yet, even in this crazy market, there’s a powerful strategy you can use to make potentially big gains.
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Markets | | | To say streaming platform and hardware provider Roku (NASDAQ: ROKU) stock is having a bad year down (69%) would be an understatement. The Company went from six consecutive quarters of triple-digit growth and record profits to mounting losses and slowing growth in dramatic fashion as its shares peake... Read the Full Story |
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Stocks | | |
Southwest’s revenues are getting better thanks to pent-up travel demand
American Airlines regional subsidiaries announced a 50% pay hike for pilots
Delta Air Lines, Inc. returned to profitability in the June quarter
Have you ever been stuck on the runway while a mechanical issue is r... Read the Full Story |
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From Our PartnersOne of the most talked-about stocks of 2022 is set to take off any day. You can grab shares for less than $5... But likely not for long. | | Full story HERE. |
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Politics | | | Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed’s drive to curb inflation by aggressively raising interest rates, he said, would “bring some pain" for Americans.
When the Fed ends its lat... Read the Full Story |
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Markets | | |
Ford reiterated its full-year earnings guidance
Ford expects to have about 40,000 to 45,000 vehicles in inventory at the end of the third quarter
Ford's current rating is “hold,” with a price target of $18.28
Ford (NYSE: F) crashed big on Tuesday, dropping more than 12% in tripl... Read the Full Story |
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From Our PartnersWhile Americans are worried about inflation, they are about to be blindsided by another crisis. This disaster is a direct result of the war in Ukraine and could have dire consequences for average Americans. According to a #1 ranked economist, this crisis could put millions on the brink of starvation... | | Click here now to see America's next crisis. |
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Tech | | | Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though.
As the Federal Reserve has rapidly increased interest rates, many economists say they fear that a recession is inevitable in the coming ... Read the Full Story |
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Markets | | |
The fine dining segment tends to hold up margins better than fast-casual restaurants
Ruth’s raised menu prices by 7%, which helped to improve margins
Shares are trading well below its average 17X forward earnings at 12X
Premium steak house operator Ruths Hospitality Group (NASDAQ: RUT... Read the Full Story |
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Politics | | | Indigenous traditional owners on Wednesday won a court challenge that prevents an energy company from drilling for gas off Australia’s north coast.
The Federal Court decision against Australian oil and gas company Santos Ltd. was a major win for Indigenous rights in the nation.
... Read the Full Story |
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Politics | | | The German government said Wednesday that it has agreed to nationalize the country’s biggest gas importing company, Uniper, expanding state intervention in the industry to prevent an energy shortgage resulting from Russia’s war in Ukraine Read the Full Story |
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Politics | | | Russian President Vladimir Putin announced a partial mobilization in Russia as the war in Ukraine reaches nearly seven months and Moscow loses ground on the battlefield. Putin also warned the West that “it's not a bluff” that Russia would use all the means at its disposal to protect its territory.
... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin. | | View Today's Stock Pick |
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