Good MorningEquity markets continue to move higher as earnings season gets into high gear. Reports from names like Lockheed Martin, Bank Of America, and Charles Schwab were better than expected and fueled the idea of a soft economic landing. The news is good enough that it may impact the outlook for the 2nd half earnings, which would be significant. An improvement in the 2nd half outlook would be a catalyst to lift the S&P 500 to a new all-time high.
The risk for the market is complacency. The earnings season and economic outlook are better than expected, but clouds continue to loom. The FOMC is expected to hike rates by at least 25 basis points, which will pressure the economy. More banks will fail in the coming months, credit conditions will tighten, and demand may begin to contract, putting a cap on the market. That could be at an all-time high within the next few weeks; it could be later this year when the S&P 500 begins to give guidance for calendar 2024. Featured: Computer Genius Takes on Wall Street with New Investing A.I. (Tradesmith) 
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As earnings season kicks off, a different set of stocks goes under the scrutinizing spotlight of financial markets' judgment. In today's market, there are clear signs of favoritism and preference as investors begin to identify what money "likes" in the economy.
The bank stocks always drive ... Read the Full Story |
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Climate change activists have been dreaming about the "hydrogen economy" for years. Such an economy would significantly lower the world's carbon footprint while supplying clean energy that can be used in a variety of applications. These applications can theoretically include specific modes of tran... Read the Full Story |
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Markets | | | Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that offered struggling homeowners hope that interest rates will not rise as much as feared over the coming months Read the Full Story |
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Charles Schwab Corporation(NYSE: SCHW) shares rebound after several months of weak performance. The fear which drove the market to multi-years was not unfounded, but it was extreme and put the market in deep-value territory. That fact is evidenced by the surge in insider buying immediately after t... Read the Full Story |
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Markets | | | The Biden administration on Wednesday proposed new guidelines for corporate mergers, took steps to disclose the junk fees charged by landlords and launched a crackdown on price-gouging in the food industry.The announcements were discussed as part of President Joe Biden's meeting with the White House... Read the Full Story |
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Markets | | | China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about $340 billion by the end of last year Read the Full Story |
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Markets | | | Bank of America said its profits grew 19% in its most recent quarter, the latest of the big banks to see its bottom line boosted by higher interest rates. The nation’s second-largest bank by assets said Tuesday that it posted a profit of $7.4 billion in the three months ended June 30, up from $6.2 b... Read the Full Story |
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Markets | | | For Sadie James, the cost-of-living crisis in Britain just never seems to ease. First, it was skyrocketing energy and food costs stemming from Russia's invasion of Ukraine. Now, the 61-year-old worries whether she can keep a roof over her head.James, who lives in south London, has struggled for year... Read the Full Story |
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After more than a decade of trading within a wide and volatile range, it looks like Novartis (NYSE: NVS) shares will move to a new high and sustain the move.
Despite its looming patent cliff, the company exceeds expectations, and its cash flows are solid. The cash flows allow for ... Read the Full Story |
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Global e-commerce and Software-as-a-Service (SaaS) provider Ebix Inc. (NASDAQ: EBIX) is a jack-of-all-trades fintech solutions provider to the insurance, travel, healthcare and e-learning industries. The company may be under the radar, but it's not new. It's been a listed public company for over 3... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments. It also engages in vehicle-related financing and leasing activities to and through automotive dealers. In addition, the company provides retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, such as leasing companies, government entities, daily rental companies, and fleet customers. Further, it offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and enhance dealership facilities, purchase dealership real estate, and other dealer vehicle programs. The company was incorporated in 1903 and is based in Dearborn, Michigan. | | View Today's Stock Pick |
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