Good MorningEquity markets had another tough week and ended the period sourly. The S&P 500 traded in a tight range for the week, but the more telling indication is that resistance persists at the 4,150 level. This level has marked the top for stocks for over a year and is likely to continue to do so. Among other reasons, the yield on Federal debt is paying more than the S&P 500 with less risk and is attracting safe-haven and risk-averse investment dollars.
This week will be another hurdle with economic data and earnings on deck. The data includes retail sales and the Index of Leading Indicators, which are expected to be negative for the 16th consecutive month. On the earnings front, reports from major retailers like Walmart, Home Depot, and Target will tell the tale of the consumer. Featured: Copper Prices Expected To Soar - Are You Ready? (Vizsla Copper) 
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Stocks | | |
Prices and interest rates are higher. American households are strapped for cash. But is the economy really headed into a recession?
The Federal Reserve Bank of New York’s latest U.S. Recession Probabilities model has the odds of the country entering a negative growth period at 68%. This is ... Read the Full Story |
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Markets | | |
Shares of Oracle Corp. (NYSE: ORCL) are working on their third month in a row of upside trade, following a breakout from a cup-with-handle base on March 31.
The stock is currently in buy range as it’s up only slightly from a recent buy point above $96.74, prior to a pullback with support al... Read the Full Story |
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DraftKings (NASDAQ: DKNG) shares are set up for an upswing in prices driven by execution, results, and the analyst. The company has been working relentlessly to expand into newly legalized territories, enhance offerings in maturing states and control costs. The results of those efforts are nearing... Read the Full Story |
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Markets | | | The European Union's executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis but warning that stubbornly high inflation is likely to keep hurting the economy by sapping people's ability to spend. The outlook for the 20 cou... Read the Full Story |
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Markets | | | Asian shares were mostly higher on Tuesday even though the latest data showed China’s economy is weaker than expected, with domestic demand failing to bounce back as much as hoped for after the pandemic. Benchmarks advanced in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney.China’s indust... Read the Full Story |
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Markets | | | The Group of Seven’s top financial leaders united Saturday in their support for Ukraine and their determination to enforce sanctions against Russia for its aggression but stopped short of any overt mention of China. The finance ministers and central bank chiefs ended three days of talks in Niigata, ... Read the Full Story |
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Shares of PepsiCo (NASDAQ: PEP) are hovering near their all-time high prices of $195.50, as the company experienced bullish momentum in fundamentals and macro dynamics throughout 2022. Today, these prices represent one of the most elevated valuations for the stock, with a 41x price-to-ea... Read the Full Story |
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Markets | | | Building factories to boost job creation and make France more independent — that’s President Emmanuel Macron’s ambition for the French economy.It’s a big challenge, as France reels from protracted protests, rising food and energy prices and other fallout from the Ukraine war.While Macron woos invest... Read the Full Story |
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Markets | | | As Tamar Ana Jawa wove a red sarong in the fading sunlight, her neighbor switched on a light bulb dangling from the sloping tin roof. It was just one bulb powered by a small solar panel, but in this remote village that means a lot. In some of the world's most remote places, off-grid solar systems ar... Read the Full Story |
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Markets | | |
The only thing that can be said with certainty about Mullen Automotive (NASDAQ: MULN) is that it comes with high risk. Dilution and liquidity fears aside, the deal with Lawrence Hardge is a wickedly unknown factor, yet the story still has compelling aspects. A growing number of orders, its positio... Read the Full Story |
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Monday's Early Bird Stock Of The Day Pinterest, Inc. operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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