Good MorningEquity markets tread water on a holiday-shortened trading day at the start of a holiday-shortened week. The S&P 500 traded within a very tight range to close relatively unchanged from the prior week as traders prepare for the holiday and a highly-anticipated NFP read at the end of the week. The NFP is expected to show solid job gains and a decline in inflation that will allow the Fed to continue hiking rates. Additionally, wage gains are expected to continue to underpin inflation and lead to additional interest rate hikes.
The Fed's next move will come later this month. The FOMC is expected to hike rates by 25 basis points and put the core rate at the highest level in over 2 decades, ushering in economic conditions not seen since the 1980s. The consensus is that interest rates will still be higher through the end of the year and put a cap on demand. In this scenario, the recession the market has feared for the last 18 months gets closer to reality. Featured: Elevate Your Investment Game with the Hottest AI Stocks of 2023 (Darwin) 
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What do online home furnisher Overstock.com, Inc. (NASDAQ:OSTK) and clothing retailer Burlington Stores have in common? Both are turning to the bankrupt Bed Bath & Beyond to generate inexpensive growth.
In the case of Burlington, it’s 50 shuttered Bed Bath & Beyond locations t... Read the Full Story |
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From Our PartnersMan who predicted 2023 bank run warns a historic financial reset is coming. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more. | | | | Click here to learn more. |
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The renowned American automaker Ford Motor Company (NYSE: F)has been making significant progress in the market this year, with its stock up over 30% YTD. Shares of Ford recently broke out of a wedge pattern on a higher time frame and experienced impressive follow-through momentum. The stock has ri... Read the Full Story |
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Markets | | | Asian stock markets sank Wednesday after a measure of Chinese service industry activity fell to its lowest level this year.Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices were mixed.U.S. markets were closed Tuesday for a holiday.A service industry index by a leading Chinese business maga... Read the Full Story |
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From Our PartnersIt's time to face the harsh reality: the stability of the dollar is no longer guaranteed. The national debt is spiraling out of control, inflation is on the rise, and the government seems powerless to rein it in. These warning signs strongly suggest an impending collapse of the dollar, with catastrophic consequences looming over us.
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Markets | | | Asian stock markets sank Wednesday after a survey showed Chinese industrial activity weakening.Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices were mixed.U.S. markets were closed Tuesday for a holiday.An index of service industry activity by a leading Chinese business magazine, Caixin, w... Read the Full Story |
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Markets | | | Global stock markets were mostly higher Tuesday after Australia's central bank kept its key lending rate unchanged and Wall Street hit a 15-month high.London, Shanghai, Paris and Hong Kong advanced. Tokyo declined. Oil prices rose after Saudi Arabia and Russia said they are extending cuts to the amo... Read the Full Story |
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Acuity Brands (NYSE: AYI) helped light up an opportunity in the industrial sector when it reported earnings in late June. The industrial sector is 1 of only 5 sectors expected to report earnings growth in 2023 and is seeing robust upward revisions. Revisions are driven by results from Acuity Brand... Read the Full Story |
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Markets | | | Homeowners and renters in the U.K. faced further grim news Tuesday as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors.With the Bank of England raising interest rates to a 15-year high of 5% to battle high inflation, it's natural for ... Read the Full Story |
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Markets | | | Australia’s central bank left its benchmark interest rate at 4.1% at a policy meeting Tuesday after inflation fell to 5.6% in May from 6.5% a month earlier.The Reserve Bank has lifted the cash rate 12 times since May last year to reduce inflation to a target range of 2% to 3%.Higher interest rates r... Read the Full Story |
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Grounded for most of its public market history, Joby Aviation, Inc. (NYSE: JOBY) is taking off — again.
Shares of the electric passenger aircraft maker rose 62% last week after the company received permission to fly its all-electric, vertical take-off and landing (eVTOL) ‘air taxi.&rs... Read the Full Story |
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Tesla (NASDAQ: TSLA) was expected to increase production and set a record, but the Q2 results were shocking. The company produced 479,700 vehicles in the quarter and delivered 466,140 compared to the expected 445,000. That’s 4.7% more than expected, up 10% sequentially and 83% compared to la... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. The Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group non-medical insurance products consisting of short and long-term disability and statutory disability; paid family medical leave administration and absence management services; term life; dental and vision; and accident, critical illness, and hospital indemnity benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania. | | View Today's Stock Pick |
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