Good MorningEquity markets pulled back on Wednesday, extending the stock decline for another day. The S&P 500 pulled back more than 0.5% at the session's low, setting a new 1-month low and new lows are on the way. The pullback appears to be gaining momentum and was not aided by Wednesday's data or earnings reports. On the earnings front, reports from retailers are mixed and point to weakness in discretionary names in the 2nd half. Winners include TJX Companies, which grew and raised guidance, while Target is losing share to its competitors.
Housing starts and permits data was mixed and tepid on the economic front, with starts coming in as expected and permits below consensus. Permits, the leading indicators, are down compared to last year and suggest the recent pick-up in the housing market is over. Next week, existing and new home sales data may do the same. If so, the market sell-off will continue. Featured: Buy THIS stock before Taiwan is attacked (Behind the Markets) 
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Stocks | | | Wall Street limped to the finish line of its third losing week in a row on Friday.The S&P 500 barely budged as it ended the week with a loss of more than 2%, like other U.S. indexes. It edged down by 0.65, or less than 0.1%, to 4,369.71.The Dow Jones Industrial Average added 25.83 points, or 0.1... Read the Full Story |
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Now looks like a good time to nibble on Brinker International (NYSE: EAT). Following a solid report and guidance, the stock price is down more than 3%, which suggests the move could fizzle out soon. The takeaway from the report is that an ongoing rebound and normalization within the restaurant ind... Read the Full Story |
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Beer and football go together like peanut butter and jelly. That's why savvy investors can use the kickoff of football season to add one or more beer stocks to your portfolio. Historically, these companies deliver their strongest revenue and earnings in the third and fourth quarters of the year. &... Read the Full Story |
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From Our PartnersMost investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. | | More here. |
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Oh, how the mighty have fallen. Back in the days when people talked of so-called “blue chip” stocks, those that seemingly could do no wrong, America’s telecom stock was AT&T Inc. (NYSE: T).
But is AT&T, which no longer dominates the S&P 500 as it once did, stil... Read the Full Story |
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The global economy is undergoing a significant pivot in each respective nation, where the aggregate effect of COVID-19 measures resulted in rampant inflation rates that spread across the globe, leading central banks everywhere to raise interest rates and decrease liquidity from markets.
The... Read the Full Story |
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From Our PartnersTradeSmith, one of the world's most cutting-edge financial tech companies, just launched a breakthrough, new A.I. algorithm called An-E... and showed many of its past predictions and just how accurate they were (often precise to within a tenth of a percent). | | You can see the power of An-E by going here |
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Markets | | | A resilient stock market helped boost gains for savers with retirement accounts through the first half of this year. The average 401(k) plan balance stood at $112,400 at the end of the second quarter, an increase of 4% from the first quarter and up 8.3% from the second quarter of last year, accordin... Read the Full Story |
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Markets | | | Asian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, while rising slightly in Sydney Read the Full Story |
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Walmart’s (NYSE: WMT) Q2 results confirm trends Target (NYSE: TGT), Home Depot (NYSE: HD), and TJX Companies (NYSE: TJX) suggested. Consumers are shifting away from big-ticket items and large projects in favor of smaller, non-discretionary items. The shift is from discretionary categories in... Read the Full Story |
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Markets | | | China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy Read the Full Story |
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Markets | | | Walmart racked up another strong quarterly sales gain as its low-prices continue to attract budget conscious consumers looking for deals in a tough economic environment. The nation's largest retailer boosted its annual outlook Thursday after reporting better-than expected second-quarter results send... Read the Full Story |
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Friday's Early Bird Stock Of The Day Tempus AI Inc. is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. Tempus AI Inc. is based in CHICAGO. | | View Today's Stock Pick |
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