Good MorningEquity markets ended the week on a down note after a host of earnings reports came in better than expected but left the outlook for the 2nd half in peril. The consensus estimates for 2nd half earnings growth continue to decline and have Q3 on the brink of turning negative. This is on top of a growing certainty that a recession is coming; the only question is when.
The takeaway from last week's economic calendar is that The Index Of Leading Indicators fell to -1.2, nearly double the expectation and an acceleration of recessionary factors. This is the 15th month of negative leading indicators, and the trend is strengthening. This week will bring another read of the PCE price index, and it may not be enough to get the market back into rally mode. Featured: 3 Dividend Stocks to Buy and Hold Forever (Investors Alley) 
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Markets | | | Asian stock markets were mixed Monday ahead of a U.S. economic update this week that is expected to show growth slowing.Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell.Wall Street's benchmark S&P 500 index gained 0.1% on Friday but ended with a small loss for the week.U.S. ... Read the Full Story |
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Stocks | | | Melinda Perez, a financial educator, still remembers the first time she felt financially confident. She had recently started investing money outside of her employer-sponsored retirement account because she was finally earning more than she spent. “It was exciting because for once, I had what felt li... Read the Full Story |
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Procter & Gamble’s (NYSE: PG) Q3 report echoes news from other Dividend Kings that have reported this week. The report is a shining example of why Dividend Kings, Dividend Aristocrats and dividend growth stocks like Procter & Gamble, Clorox (NYSE: CLX) and Genuine Parts Company (NYSE... Read the Full Story |
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From Our PartnersBiden is about to steal the 2024 election...
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The pandemic shook medtech companies, with procedures cut and elective surgeries pushed off until “later.” That later time is here and helping to drive results for several companies. Boston Scientific Corp. (NYSE: BSX), Dexcom Inc. (NASDAQ: DXCM) and Intuitive Surgical Inc. (NASDAQ: IS... Read the Full Story |
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Certain mining stocks are falling after the Chilean government announced its plan to change the nation's stance toward the mining industry, rightfully worrying most investors. Chile has delivered it's long-awaited - and speculated decision on giving the state majority ownership in all new mining c... Read the Full Story |
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From Our PartnersCopper is the third most-consumed industrial metal in the world and massive infrastructure spending is expected to drive the price of copper to new all-time highs. With solid market fundamentals and a proven track record, this company has identified new targets and is poised for growth. | | | | Click to read more and ADD THIS COMPANY TO YOUR WATCHLIST! |
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Industrial stocks have been struggling to gain traction in 2023, but news from PPG Industries (NYSE: PPG) and CSX (NYSE: CSX) has these stocks melting-up. The combination of underlying business strength and internal efficiencies resulted in better-than-expected earnings reports that point to compa... Read the Full Story |
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Markets | | | Ailing bank Credit Suisse on Monday reported over 61 billion Swiss francs (nearly $69 billion) in outflows in the first three months of the year, when Switzerland’s government arranged for its takeover by rival UBS, and said clients are still withdrawing assets.The Zurich-based bank cited the “signi... Read the Full Story |
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A vast population of market participants seems to be focused on the hype and growth potential that electric vehicles are bringing to light, however as the space is filled by companies that may or may not survive the "growth" stage or ever see profitability in their operations, investors may be bet... Read the Full Story |
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Markets | | | A key measure of German business optimism rose in April for the seventh month in a row amid lower natural gas prices and the reopening of the Chinese economy after COVID-19 restrictions.The Munich-based IFO institute’s confidence index went up to 93.6 from 93.2 in March. Analysts said Monday that th... Read the Full Story |
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Markets | | | Fox Corp.'s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting mach... Read the Full Story |
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Monday's Early Bird Stock Of The Day Tempus AI Inc. is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. Tempus AI Inc. is based in CHICAGO. | | View Today's Stock Pick |
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