Good MorningEquity markets moved higher on Monday to put the S&P 500 at its highest closing level in over a year. The move was driven by a lack of news more than anything else as the market takes a breath in wait for what's to come this week. On the earnings front, the market expects reports from nearly 200 S&P 500 companies, making this the busiest week of the reporting cycle. Reports from Microsoft to The Coca-Company are due out and will give more evidence of what to expect from the 2nd half of the year.
On the economic front, the market is waiting for the Fed's next move and the most recent data on inflation. The Fed meets on Tuesday and Wednesday and is expected to hike rates by another 25 basis points. The question is what they do next, and the answer may come on Friday. The PCE price index is due out on Friday and is expected to moderate. If the index is cooler than expected, it could lead the market to new highs. If not, the threat of FOMC rate hikes will linger and weigh on the market. Featured: WARNING: These 110 Banks Are Planning to Replace the U.S. Dollar (Legacy Research) 
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Stocks | | | On July 26, the Federal Reserve is likely to raise interest rates by 25 basis points (0.25%). As much hype as analysts put on the Federal Reserve’s decision, the announcement itself tends to be a non-event. The Fed doesn’t like to surprise Wall Street and generally doesn’t. &n... Read the Full Story |
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Markets | | |
Payment processing specialist Shift4 Payments Inc. (NYSE: FOUR) formed a bullish base below resistance at $76.40. Its second-quarter earnings report on August 3 is a possible catalyst for a significant price move.
Shift4 is part of the payment processors sub-industry, which includ... 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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From Our PartnersPlease, pay close attention because if your bank is on this “blacklist” with 110 banks, your entire life savings could be at risk.
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Markets | | |
Could the recent action in AMC Entertainment Holdings Inc. (NYSE:AMC) stock be a preview of last summer's blockbuster short squeeze?
Nearly eight million moviegoers worldwide visited an AMC Theater over the highly anticipated "Barbenheimer" weekend. It marked the movie chain&n... Read the Full Story |
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Markets | | | Asian stock markets retreated Wednesday after Wall Street hit a 15-month high ahead of a Federal Reserve meeting that traders hope will end with the final increase in this interest rate cycle.Shanghai, Tokyo, Hong Kong and Seoul declined. Oil prices retreated.Wall Street's benchmark S&P 500 inde... Read the Full Story |
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Markets | | | When Under Armour, Inc. (NYSE: UAA) reports quarterly results next week, Wall Street won’t be expecting much — and that’s a good thing.
Analysts project that the athletic clothing manufacturer will report $1.3 billion in revenue. It would be its lowest top line figure in two years... Read the Full Story |
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Markets | | |
Since breaking out over critical resistance at $16, shares of Rivian Automotive (NASDAQ: RIVN) haven’t looked back. The stock is up almost 87% in the last month and 106% over the previous three months. Initially fueled by production and delivery figures that crushed estimates, the move has b... 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 | | | Swiss banking giant UBS will pay nearly $400 million in fines to U.S., Swiss and U.K. banking authorities for the management failures of Credit Suisse, which UBS bought in June, related to how Credit Suisse handled its relationship with collapsed hedge fund Archegos Capital Management. Archegos fail... Read the Full Story |
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Markets | | | Swiss banking giant UBS will pay nearly $400 million in fines to U.S., Swiss and U.K. banking authorities for the management failures of Credit Suisse, which UBS bought in June, related to how Credit Suisse handled its relationship with collapsed hedge fund Archegos Capital Management. Archegos fail... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas. | | View Today's Stock Pick |
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