Good MorningEquity markets see-sawed on Monday, with hope winning out in the end. The S&P 500 gained more than 0.5% at the session's close to potentially end a multi-week losing streak. This week's market risk lies in earnings reports from retailers and the start of the Jackson Hole Summit. The news from the summit is expected to center around inflation and the Fed's long-term trajectory, which is not expected to change. The next reading of inflation data is not for 2 more weeks.
News from the housing market could cap gains this week. The average rate on the 30-year mortgage approached 7.5% again and is expected to dampen demand. At the pace the Fed is expected to hike rates this year, the rate on the 30-year could top 8% by December and effectively close the housing market to most home buyers. Featured: The World's First "$20 Trillion Drug (Behind the Markets) 
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Markets | | | From June to July, few U.S. stocks were as hot as Overstock.com, Inc. (NASDAQ: OSTK). This month, it's one of the coldest.
Since more than doubling from Memorial Day through National Ice Cream Sandwich Day (August 2nd), Overstock has plunged 30%. A name traders couldn’t get enough of ap... Read the Full Story |
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Stocks | | |
With the AI bounce waning, will China’s sluggish economy further put the kibosh on near-term growth for semiconductor stocks like Monolithic Power Systems Inc. (NASDAQ: MPRW), Qualcomm Inc. (NASDAQ: QCOM) and Texas Instruments Inc. (NASDAQ: TXN)?
When China’s economy finally reo... Read the Full Story |
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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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Stocks | | | Once again, Marketbeat.com’s list of Most Downgraded Stocks has some interesting names. While some are worthy of bearish sentiment, others are on the list because the analysts have reset their bullish expectations. The story is the same regarding Nike (NYSE: NKE), Chipotle Mexican Grill (NYSE:... Read the Full Story |
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Markets | | | Asian stocks followed Wall Street higher on Tuesday as traders waited for signs of interest rate plans from this week's Federal Reserve conference.Shanghai, Tokyo, Hong Kong and Seoul rose. Oil prices edged lower.Wall Street's benchmark S&P 500 index rose Monday for its first gain in five days a... Read the Full Story |
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Stocks | | |
Cryptocurrency-related stocks including Riot Platforms Inc. (NASDAQ: RIOT), Marathon Digital Holdings Inc. (NASDAQ: MARA) and Coinbase Global Inc. (NASDAQ: COIN) gapped down on August 18 on news that Elon Musk’s SpaceX had unloaded all its bitcoin.
All those stocks were already signif... Read the Full Story |
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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 | | |
Like its summer merchandise, shares of Nordstrom, Inc. (NYSE:JWN) are on sale.
After bouncing nicely off a two-and-a-half-year low, Nordstrom has fallen nearly 20% this month. And with the recovering department store operator reporting second-quarter results after the close on August 24th, this i... Read the Full Story |
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Markets | | | WeWork is moving forward with a 1-for-40 reverse stock split in a bid to maintain its listing on the New York Stock Exchange. The NYSE issued a notice to the workspace-sharing company in the spring after shares closed below an average of $1 over a 30-day trading span. The value of company shares hav... 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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Tuesday's Early Bird Stock Of The Day TFI International Inc., together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America. The LTL segment is involved in the pickup, consolidation, transportation, and delivery of smaller loads. The TL segment offers expedited transportation, flatbed, tank, container, and dedicated services. This segment also carries full loads directly from the customer to the destination using a closed van or specialized equipment. The Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, and transportation management, as well as small package parcel delivery. As of December 31, 2023, it operates 11,455 trucks, 34,599 trailers, and 7,504 independent contractors. The company was formerly known as TransForce Inc. and changed its name to TFI International Inc. in December 2016. TFI International Inc. was founded in 1957 and is headquartered in Saint-Laurent, Canada. | | View Today's Stock Pick |
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