Good MorningEquity markets advanced last week as the bear market rally gains momentum. The rally was driven by a trio of good news that amounts to news that is not as bad as expected or news that points to additional rate hikes this year. The takeaway is that the economy and the market remain in transition and will likely top out soon. The question is when and how bad the next correction will be. As it is, the S&P 500 could reach new all-time highs by the start of the peak Q2 reporting season.
This week will be a holiday-shortened week, with the 4th of July on Tuesday. The market volume will be light, but action may be volatile, specifically on Friday when the NFP report is released. The labor data should confirm that labor markets remain tight, but other data, such as wage gains and layoffs, may darken the picture. Featured: Get Ready for the Impending Crisis: Are You Prepared? (Darwin) 
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Markets | | | Wall Street blazed to another rally Friday to close a winning week, month and first half of the year after reports suggested pressure on inflation may be easing.The S&P 500 climbed 1.2% to reach its highest level since April 2022. The Dow Jones Industrial Average rose 285 points, or 0.8%, and th... Read the Full Story |
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Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) disclosed in a filing late Wednesday that it purchased an additional 2,138,250 shares of Occidental Petroleum (NYSE: OXY). Buffett's Berkshire acquired the additional shares between June 26 and June 28 for about $122.1 million. Berksh... Read the Full Story |
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Markets | | | Sometimes the stock market can really make you scratch your head. As investors, we’re used to being always told to follow a trend, buy into a good thing, don’t catch the falling knife. This is why the recent run of downgrades to Tesla Inc’s (NASDAQ: TSLA) stock is so perplexin... Read the Full Story |
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Investors dream of getting into a promising stock early before it goes on a rocket ride. In hindsight, plenty of investors are kicking themselves for not seeing the potential of Apple Inc. (NASDAQ: AAPL) in 1984, or Amazon.com Inc. (NASDAQ: AMZN) in 1997.
The problem with that kind of... Read the Full Story |
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Income-oriented investors can keep an eye on big banks including Bank of America (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group Inc. (NYSE: GS), to see whether they opted to boost dividends, following sunny results of the Federal Reserve’s banking stress tests.
On... Read the Full Story |
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Markets | | | The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country's ailing economy. The nine-month agreement must be approved by the IMF’s Executive Board, which is expected to make a final decision in mid-July, a top IMF of... Read the Full Story |
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Markets | | | Sri Lanka’s Parliament as voted to support a proposal to restructure a staggering domestic debt in a special session as the Indian ocean island nation struggles to emerge from an unprecedented economic crisis Read the Full Story |
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Markets | | | An enormous medical bill can trigger a wave of panic, but try to resist.That startling invoice that arrived in the mail may not be what you wind up paying. Errors or slow insurance payments may have inflated the total. Even if it’s accurate, financial aid or other assistance might help pare it.Somet... Read the Full Story |
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Markets | | | Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop more interest rate hikes that will raise the cost of borrowing across the economy. The annual rate of 5.5% was down from 6.1% in May in the 20 countries that use the euro ... Read the Full Story |
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The S&P 500 (NYSE: SPY) extended its summer rally after softer-than-expected PCE price data. The data is the latest in a string of good news that will help lift the market into mid-summer. The caveat is that inflation remains high, the Fed is on track to hike rates again, and the earnings outl... Read the Full Story |
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Monday's Early Bird Stock Of The Day Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell's tomato juice; and snacking products in foodservice in Canada. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products, that includes Goldfish crackers, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, Pop Secret popcorn, and other snacking products. This segment is also involved in the retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was founded in 1869 and is headquartered in Camden, New Jersey. | | View Today's Stock Pick |
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