Good MorningThe S&P 500 fell for another week shedding more than 1.5% at the low of the day on Friday alone making this the 3rd consecutive week of declines. The S&P 500 is down more than 10% from the recent high and heading lower if the recent signals are to be believed. The next target for support for the S&P 500 is near the 3,650 level and it may not be strong enough to keep the market from setting a new low. A move below the 3,650 level would open the door to 3,525 and the potential for a bigger move down to 2,800.
The hurdle for the market this week will be the Fed's Beige Book on Wednesday. The Beige Book is not expected to give any insight into the psyche of the Fed but it will give a broad view of economic conditions. The takeaway is likely to be tight labor markets, tight supply chains, and rising inflation which will all underpin the outlook for FOMC policy tightening. Featured: Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Legacy Research) 
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Snapchat (NYSE: SNAP), continues to face fundamental issues and has resorted to restructuring the company during the quarter by announcing the layoff of its Web3 team. Snapchat reducing its headcount resulted in the stock rallying by over 7% during market hours as investors look forward to the com... Read the Full Story |
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It’s been a tough year for payments platform fintech Block (NYSE: SQ) stock as it trades down (-58%) on the year. The old adage, “it’s better to have had and lost, than to never had it at all” is what optimistic investors must remind themselves every day. The pandemic was a... Read the Full Story |
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Politics | | | Bangladesh’s prime minister was welcomed to India with a ceremony in the capital, New Delhi, on Tuesday during a four-day visit aimed at boosting bilateral ties.
Sheikh Hasina shook hands with her Indian counterpart Narendra Modi at the Rashtrapati Bhavan Presidential Palace, and off... Read the Full Story |
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From Our PartnersInstead of trying to gamble on stocks that could go up, pick stocks that are already on their way. The trick is finding those stocks that have moved up… but still have room to grow. We think this small cap stock fits the bill, and it's just getting started.
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Politics | | | British Prime Minister Boris Johnson has arrived at Queen Elizabeth II's estate in Scotland to formally offer his resignation to pave the way for Liz Truss to succeed him amid an acute cost-of-living crisis facing the country.
Johnson will finally leave office following a carefully ch... Read the Full Story |
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Politics | | | Prime Minister Boris Johnson left his Downing Street office for the last time on Tuesday before heading to Scotland to formally offer his resignation so Liz Truss can succeed him.
The British leader, who announced his intention to step down two months ago, is expected to meet with Que... 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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Soon autumn leaves will do their best impression of this year’s U.S. stock market— a lot of falling.
Barring a miraculous late year run, the major indices will finish in the red for the first time since 2018. That means the ETFs that track them, will drag down many investment account ... Read the Full Story |
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Politics | | | Hundreds of workers and students in Indonesia rallied on Tuesday demanding the government cancel fuel price hikes, a politically sensitive issue that has triggered past unrest.
Members of trade unions, farmers, fishermen, temporary teachers and domestic workers protested in front of ... Read the Full Story |
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Hormel (NYSE: HRL) is not the cheapest pick in the consumer staples sector (NYSEARCA: XLP) but it is one of the better values. The stock trades at 25X its earnings compared to 15X at the low end of the range with Kraft-Heinz (NASDAQ: KHC) and upwards of 28X to 30X for names like Clorox (NYSE... Read the Full Story |
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Markets | | | The most powerful typhoon to hit South Korea in years battered its southern region Tuesday, dumping a meter (3 feet) of rain, destroying roads and felling power lines, leaving tens of thousands of homes without electricity before weakening at sea. Two people died, and some of the missing were stuck ... Read the Full Story |
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Markets | | | You’ve heard the term inverted yield curve (IYC) mentioned on many occasions in the media, even on the evening news. It has a negative stigma attached to it, but like many people, you may not know what it actually means or how it can affect you. A yield curve is created on a graph by plotting ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical. In addition, the company offers installation services through independent contractors in various product categories; and extended protection plans and repair services. It sells its national brand-name merchandise and private brand products to professional customers, homeowners, renters, businesses, and government. The company also sells its products through Lowes.com website; and through mobile applications. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina. | | View Today's Stock Pick |
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