Good MorningEquity markets pulled back for the second day on Wednesday while a resolution to the debt ceiling debate remains elusive. The move was amplified by weakness in the semiconductor sector, correcting after the previous week's surge. The takeaway for tech is that much of the gains expected from AI have been priced in, and investors should look to the next wave of winners. Among those will be tech services companies and hardware manufacturers to support the new technology.
The labor data added to Wednesday's woes. The JOLTs report showed a surprise surge in job openings that suggests momentum in the economy. That increases the odds of another Fed interest rate hike, and the odds are already high for another 25 bps. Economic pressure will continue to build and more financial institutions will fail. Featured:
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The Artificial Intelligence driven ETF (Exchange Traded Fund) AMOM (NYSEARCA: AMOM) has released its latest holdings list, making a surprising pivot into some consumer names and equally unexpected rotations out of others. Of course, the largest holding within this fund was ... Read the Full Story |
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With the Q1 earnings reporting season all but wrapped up, it's time to start looking at the winners and losers from the period. The takeaway from the season is that results are spotty across sectors and industries, and the outlook for the 2nd half of the year continues to trend lower. The stronges... Read the Full Story |
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Markets | | | Asian stock markets followed Wall Street higher Friday ahead of an update on the U.S. jobs market after Federal Reserve officials reignited hopes another interest rate hike might be postponed and lawmakers gave final approval to a deal to avert a government debt default.Shanghai, Tokyo, Hong Kong an... Read the Full Story |
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From Our PartnersTechnology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do. | | | | See the Young Company Behind This Revolutionary Advancement |
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Markets | | | Across the U.S. economy, a number of industries are facing the same formidable challenge: Replenishing a workforce that is being diminished by a surge of retirements that began during the pandemic and has continued since Read the Full Story |
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Shares of Trinseo (NYSE: TSE) have suffered a bearish spell since their initial decline in March 2021, where the stock traded at nearly $76 per share. Today, after an 83.5% decline two and a quarter years later, the company faces a tipping point where management must step up and define i... Read the Full Story |
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From Our PartnersOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite!
Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines. | | See why graphite could be the "new lithium" |
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Markets | | | The Central Bank of Sri Lanka reduced its interest rates Thursday for the first time since the island nation declared bankruptcy, after stern fiscal controls, improved foreign currency income and help from an International Monetary Fund program resulted in inflation slowing faster than expected. The... Read the Full Story |
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HP (NYSE: HP) is not a growth stock; it’s not exciting to own, but it is a winner if you are an income investor. The business is down, and the outlook isn’t all that rosy, but the business is solid, FCF is robust, and the dividend is as reliable as they come. The dividend is worth abou... Read the Full Story |
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Markets | | | Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities.The annual figure in May eased from 7% in April for the 20 countries that use the euro currency, the... Read the Full Story |
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Markets | | | The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety.Companies are in the midst of an “earnings recession," meaning profits have contracted for two straight quarters, starting with a 4.6% drop at the end of 2022.Profits for S&P 50... Read the Full Story |
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If you are interested in Sportsman’s Warehouse (NASDAQ: SPWH), there are good reason’s to be. The company is well-positioned in the outdoor recreation market and on track for long-term growth. Today's trouble is related to the broader economy, not the company’s operational qualit... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Vacasa, Inc. operates vacation rental management platform in North America, Belize, and Costa Rica. The company enables guests to search, discover, and book its properties on Vacasa.com and its Guest App. Vacasa, Inc. was founded in 2009 and is headquartered in Portland, Oregon. | | View Today's Stock Pick |
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