Good MorningEquity markets extended their slide on Tuesday falling not only to the lowest levels for 2022 but to the lowest levels in nearly two years as the market begins to accept the fact the FOMC is causing the US to fall into a deepening recession. The S&P 500 index fell more than 0.75% at the low of the day to break the key 3636 level and put the index on track to retest the lows set during the peak of the pandemic fear.
The next few days will be of utmost importance for the market. With the index set to make a technical retreat and the PCE price index due out on Friday the odds are high that the sell-off could begin to gain momentum. In this scenario, the S&P 500 could retreat as far as the 3,200 level before the peak of the Q3 earnings reporting season. If the report is better than expected, however, the market could stage another significant relief rally. Featured: Want To Trade Tech? This Is The Stock For You (Darwin) 
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Markets | | | With interest on a meteoric rise to levels not seen in 2 decades or more, tech investors may be better suited to focus on blue-chip stocks like Jabil, Inc (NYSE: JBL) rather than growth-centric names or flash-in-the-pan startups. Jabil, Inc serves every industry and vertical from cloud to 5G and EV ... Read the Full Story |
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Stocks | | | The sun is shining on solar stocks, such as SunPower (NASDAQ: SPWR) following the passage of the Inflation Reduction Act. During a market downturn, it’s critical to pay attention to companies showing fundamental and technical strength, as these could be among the next big winners in a bull ral... Read the Full Story |
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Clothing and apparel retailer The Gap (NYSE: GPS) has had a bad year with shares down (-54%) in 2022. The Company fired its last CEO in July after an abysmal Q1 earnings report and is currently seeking a new CEO. Almost every metric disappointed in the most recent Q2 earnings report with sales dow... Read the Full Story |
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From Our PartnersHistorically, things like precious metals, consumer staples, commodities, utilities, health care, and transportation stocks have performed well in a bear market. Our experts say these 4 stocks are positioned well - even in a down market. | | Click here to get the names & ticker symbols of all 4 stocks. |
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Politics | | | World shares tumbled Wednesday after a wobbly day on Wall Street as markets churned over the prospect of a possible recession.
U.S. futures and oil prices declined and China’s yuan weakened sharply.
Trading has been volatile since the Dow Jones Industrial Average foll... Read the Full Story |
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Politics | | | China’s yuan has fallen to a 14-year low against the dollar despite central bank efforts to stem the slide after U.S. interest rate hikes prompted traders to convert money into dollars in search of higher returns Read the Full Story |
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Politics | | | The International Monetary Fund has urged the U.K. government to “reevaluate” a package of unfunded tax cuts that it says may fuel inflation and are likely to increase economic inequality.
The value of the pound sagged Wednesday morning after the rare IMF warning to a Group of Seven e... Read the Full Story |
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Stocks | | | Market volatility is back in the headlines after the Federal Reserve continued to hike interest rates during its latest meeting. The Dow Jones fell below 30,000, joining the S&P 500 in bear market territory. Since inflation continues to run hot and employment figures continue to remain at low le... Read the Full Story |
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FedEx Corporation (NYSE: FDX) sent shockwaves through the stock market by posting a big earnings miss and removing guidance due to “worsened” economic conditions. On the heels of a weak August retail sales report, the warning signaled that the U.S. economy (and potentially stocks) coul... Read the Full Story |
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Politics | | | The European Union suspects that damage to two underwater natural gas pipelines was sabotage and is warning of retaliation for any attack on Europe’s energy networks, a senior official said Wednesday.
“All available information indicates those leaks are the result of a deliberate act,... Read the Full Story |
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Politics | | | The European Union suspects that damage to two underwater natural gas pipelines was sabotage and is warning of retaliation for any attack on Europe’s energy networks, a senior official said Wednesday.
“All available information indicates those leaks are the result of a deliberate act,... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism. This segment also provides marine and aviation insurance services for offshore energy, renewable offshore energy, cargo, liability, including kidnap and ransom, fine art, specie, and hull war, hull and liability, and specific war coverage for passenger airlines, cargo operations, general aviation operations, airports, aviation authorities, security firms, and product manufacturers; personal accident, travel insurance, specialty health products for employer and affinity groups, and pet insurance products; and liability, cyber, and credit and political risk insurance services. The Reinsurance segment offers agriculture, marine and aviation, catastrophe, accidental and health, credit and surety, motor, professional, travel, life, engineering, property, and liability reinsurance products. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda. | | View Today's Stock Pick |
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