Good MorningEquity markets were steady on Monday as traders waited on key reports from the retail sector. The July reading of Retail is due today, along with reports from Home Depot and other major retailers. Walmart and Target are also expected to report this week and will indicate what to expect from the consumer in Q3 and Q4. The story so far is that shifting consumer habits are cutting into discretionary spending, but rising inflation continues to sustain solid spending.
The next major hurdle for the market comes on Wednesday when the FOMC releases the minutes from their last meeting. The committee is not expected to indicate a rate hike at the next meeting, but inflation trends suggest the rhetoric will be hawkish. The question is if the market will heed the warning, if any, that additional hikes are coming. As it is, the market is pricing in a low expectation for another hike in 2023. Featured: What a Bargain... 4 "Cheap Stocks" (Trading Cheat Sheet-MP) 
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There’s an investing phenomenon called “home country bias,” which refers to the tendency of investors to disproportionately favor assets from their own country, despite the potential benefits of diversifying with overseas stocks.
U.S. investors who only look inward are missing o... Read the Full Story |
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Despite landing a solid beat on analyst expectations for their Q2 earnings last week, shares of Trade Desk Inc (NASDAQ: TTD) have been on the defensive in the trading sessions since then. Having actually climbed to 52-week highs in the days before the report was released, the subsequent ... Read the Full Story |
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3 Sizzling Dividends That Are Going On Sale
Fast Food stocks have a trying time in 2023, and their shares are under pressure. The problem is not that the companies can’t grow because they are or that they can’t improve profitability because they are doing that too. The problem is ... Read the Full Story |
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Markets | | | The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports.It led Russia's central bank to announce an emergency meeting for Tuesday to review its key interest rate, raising ... Read the Full Story |
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Digital sportsbook and gaming platform DraftKings Inc. (NASDAQ: DKNG) stock is up 125% year-to-date (YTD) as new states continue to approve online sports betting and iGaming. The Company is still losing money, but revenues are ramping up. The Company had an 88% top-line growth spurt in Q2 2023.
T... Read the Full Story |
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From Our PartnersSilicon Valley Bank was the second-largest bank in American history to fail, and investors have started piling into the safety and security of gold. But if you're not taking advantage of a little-known way to invest for around $5 today, you're missing out. | | | | Click here for full details. |
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Markets | | | Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine.The ruble has lost more than a third of its value since the beginning of the y... Read the Full Story |
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Markets | | | China’s government skipped giving an update on a politically sensitive spike in unemployment among young people as official data Tuesday showed an economic slump deepened in July.Meanwhile, the central bank unexpectedly cut a key interest rate in a sign of growing official urgency about shoring up e... Read the Full Story |
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Markets | | | UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession Read the Full Story |
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Markets | | | Lebanon’s interim central bank governor Monday froze the accounts of the bank's embattled former chief and close relatives and associates days after the United States, United Kingdom and Canada slapped sanctions on them.Wassim Mansouri’s decision was made public following a meeting of the central ba... Read the Full Story |
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The market breathed a sigh of relief when the July CPI data was released, but there is nothing in the data for bulls to cheer. The relatively cool nature of the data is a positive signal but 1 in which the news is less bad than before and not actually good. The takeaway is that inflation cooled du... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Datadog, Inc. operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility. Datadog, Inc. was incorporated in 2010 and is headquartered in New York, New York. | | View Today's Stock Pick |
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