Good MorningEquity markets advanced the previous week, but the signs of economic cracking continue to grow. The S&P 500 moved higher for the session and set another new high despite the signs of cracking an expectation for the FOMC to hike rates by another 25 basis points. The move would put the base rate at the highest level in nearly 2 decades, and there is a chance this won't be the last cut. More information will come out on Wednesday with the Fed's policy statement and Friday when the PCE price index is released.
This week is also the busiest week of the Q2 earnings reporting season. Nearly 200 S&P 500 companies will report bringing the total for the season close to 50%. There is a high expectation that the season will end better than expected relative to its start but the outlook continues to decline. In this scenario, there is little reason for the market to sustain a rally and every reason to think a top in the market is near. Featured: Stock-picking System Predicts Top Stocks of 2023 (Chaikin Analytics) 
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Markets | | | AutoNation (NYSE: AN) has reported its second quarter 2023 earnings results to end a tumultuous week in the stock market, sending the stock plummeting upon the release. Investors may be scratching their heads when seeing that all the KPIs (Key Performance Indicators) in the business came out al... Read the Full Story |
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Ross Stores Inc. (NASDAQ: ROST) is trading higher for the week, following news that the company is opening new locations at a fast pace and is on track to add about 100 new stores during fiscal 2023.
The stock has been forming a cup-shaped pattern that’s corrected 19% so far over 28 w... Read the Full Story |
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Markets | | | Asian stock markets have followed Wall Street higher after China’s ruling Communist Party promised to shore up its sagging economy ahead of a Federal Reserve meeting that traders hope will announce this interest rate cycle’s final increase Read the Full Story |
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Analysts have been vocal lately about U.S. Bancorp’s (NYSE: USB) potential, emphasizing that shares have been undervalued as investors focused on requirements for capital holdings.
U.S. Bancorp shares climbed 6.46% in heavy volume on July 19, following the bank’s second-quarter ... Read the Full Story |
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Markets | | | Timing is everything. Intuitive Surgical, Inc. (NASDAQ: ISRG) delighted investors by beating revenue and earnings expectations when it reported second-quarter earnings after the market closed on July 20. However, the stock dropped nearly 5% after the report.
Revenue came in at $1.76 billion,... Read the Full Story |
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From Our PartnersWe found a company that's emerged as a key player in the block-chain space.
Its shares moved approx. 160% in a single session after opening at $.005 on 7/3/23 and reached $.013 intraday.
The global block-chain tech market is projected to reach $1.5Tn by 2030. | | Interested? Click here |
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Markets | | | Russia has repeatedly fired missiles and drones at Ukrainian ports key to sending grain to the world. Moscow has declared large swaths of the Black Sea dangerous for shipping. Even the U.S. said ships are at risk of being targeted.There is still interest from ship owners in carrying Ukrainian grain ... Read the Full Story |
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Shares of the credit card and services giant American Express (NYSE: AXP) are trading lower by as much as 5.5% during Friday's trading session, scaring some investors and exciting some as well; patient value investors need to decide which side of the emotional spectrum they will fall on today... Read the Full Story |
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Markets | | | When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive “soft landing” — the feat of curbing inflation without causing a deep recession Read the Full Story |
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Markets | | | Movie theater operator AMC has ditched plans to charge more seats for seats with better sightlines after rival chains did not follow along. AMC began the pilot program five months ago in three U.S. markets where it said it charged slightly more for better seats, and less for those in the front of th... Read the Full Story |
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Markets | | | American Express saw its profit and revenue climb in the second quarter, but the credit card issuer and global payments company’s stock slipped before the market open as it set aside more money for possible defaults on payments Read the Full Story |
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Monday's Early Bird Stock Of The Day Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, Overwatch League, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company was founded in 1979 and is headquartered in Santa Monica, California. | | View Today's Stock Pick |
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