Good MorningEquity markets advanced on Tuesday on optimism that earnings from tech giants like Microsoft, Apple, and Facebook would impress. Expectations have been driving these stocks higher, so it will take solid results to continue the trend. If the news is less than what the market is looking for, it could spark a correction for the S&P 500. The S&P 500 advanced about 0.50% at the session's high and set a new 1-year high.
The FOMC poses another risk for equities this week. The FOMC is expected to hike interest rates another 25 basis points and could issue a hawkish statement as well. The market wants an indication that the rate hike cycle is over and is unlikely to get 1. The odds are high that inflation will remain hot through the summer, leading to another 25 basis point hike in the fall. Regardless, the economy and market must adjust to the "new normal" and conditions are only getting tighter. Featured: Elevate Your Investment Game with the Hottest AI Stocks of 2023 (Darwin) 
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Markets | | | Cleveland-Cliffs (NYSE: CLF) shares rose by as much as 4.0% during Monday's trading session, which could have been taken as an optimistic expectation of better things to come. Some improving developments were coming up in the works as the company reported its second quarter 2023 earnings result... Read the Full Story |
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Stocks | | | It’s no secret that small-cap stocks have been on fire lately. With the iShares Russell 2000 ETF (NYSE: IWM) up close to 10% on the quarter and the overall market trading near 52-week highs, it’s become a risk-on environment, and capital has quickly been flowing into traditionally higher... Read the Full Story |
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Markets | | | In May 2023, Kimberly-Clark Corporation (NYSE: KMB) stock climbed to a 52-week high of $147.87. However, the stock has failed to hold those gains and heading into the company’s earnings report, KMB stock turned negative for the year.
Without any negative news to explain the sell-off, an... 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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At first glance, it’s easy to mistake Toast, Inc. (NASDAQ: TOST) as a delivery application like Door Dash Inc. (NASDAQ: DASH) or an Uber Technologies Inc. (NASDAQ: UBER) Uber Eats service when placing a restaurant online order. However, it’s a complete restaurant ecosystem management p... Read the Full Story |
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Stocks | | | Asian shares were higher Thursday after the Federal Reserve raised interest rates to their highest level in more than two decades, just as Wall Street expected. Regional attention has focused on whether Japan’s central bank might alter its longstanding ultra-lax monetary policy at a policy meeting t... Read the Full Story |
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Markets | | | The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring Read the Full Story |
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Markets | | | NextEra Energy Inc. (NYSE: NEE) is 1 of the world’s leading renewable energy producers, and it can electrify an income portfolio. The company has demonstrated an ability to grow its capacity, revenue base, and earnings while supporting healthy dividend growth that it is committed to continue.
... Read the Full Story |
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Markets | | | Global growth will see a slight improvement compared to previous International Monetary Fund projections but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization's chief economist said Tuesday.IMF economist Pierre-Olivier Gourinchas gave his assessment as the... Read the Full Story |
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Markets | | | U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services. In addition, the company offers financing products; consumer finance and digital banking services; electronic check; global custody services; Fima funds; financial and stock market services to individuals, companies, and financial institutions; foreign trade services; and capital market and investment banking products that include debt securities, short-term securities, and financial trusts. Further, it provides robbery, personal accident, life collective, home, life, integral, pet, surety, and technical insurance products. Additionally, the company offers private banking services to high net worth individuals; and operates digital investment platform. Grupo Financiero Galicia S.A. was founded in 1905 and is based in Buenos Aires, Argentina. | | View Today's Stock Pick |
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