Good MorningEquity markets advanced on Friday, shrugging off comments from Jerome Powell. Mr. Powell, in his keynote address to the Jackson Hole conference, made it clear the fight against inflation wasn't finished and that there was a long way to go to get the job done. Among the risks is energy, which has been misleading investors. The decline in consumer-level inflation is pegged to the price of oil, which is rising again. WTI gained more than 1.5% following the news to confirm support at the long-term moving average.
The S&P 500 could be ready to rebound, but don't bet on a big move just yet. The index continues to show resistance below the short-term moving average that could push the market lower over the next week. Among the catalysts is the PCE price index, due on Thursday. The index is expected to confirm that inflation remains above target and that the Fed could raise rates at least 1 more time this year. Featured: I've Scored These 5 for You... (You Gotta See This) (ProTrading Research-MP) 
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It is often useless to fight against market trends, especially regarding market sentiment. There is a famous saying around Wall Street: "The market can stay irrational longer than you can stay solvent." In this case, investors do not have to follow any irrationality, only hop on the next wave of j... Read the Full Story |
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Timing is everything — and for Deere & Company (NYSE:DE), its second quarter financial release couldn’t have come at a worse time.
On August 18th, the agriculture and construction machinery maker crushed Wall Street’s Q2 earnings per share (EPS) estimate by nearly $2.0... Read the Full Story |
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One reason August can be volatile is that trading volume is down. Although news items may stir up activity, there's a difference between activity and productive action that really moves markets.
For that, you need volume. And that's why investors should start preparing their portfolios for... Read the Full Story |
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Hard to believe, but the 2023 holiday shopping season is quickly approaching. Rather than wait until the last minute to do your shopping, getting prepared early is prudent. This also applies to stocks that benefit from holiday shoppers. Stepping into these two stocks ahead of the crowd may be an e... Read the Full Story |
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Markets | | | Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy.The prevalence of such trends across the world could intensify global inflation pressures in the coming years and make it harder for the Federal Reserve and other central banks to meet t... Read the Full Story |
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Stocks | | | Stocks rose Friday to send Wall Street to its first winning week since July after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 climbed 29.40, or 0.7%, to 4,405.71 after flipping between small gains and losses a few tim... Read the Full Story |
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Markets | | | Asian shares mostly rose Tuesday as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.Regional markets also got a perk from signs China-U.S. relations may be improving, as the nations agreed to work together to smooth out economic relations, including busin... Read the Full Story |
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Shares of Marvell Technology Inc. (NASDAQ: MRVL) gapped down on August 25 after the chipmaker beat views and issued guidance in line with analysts’ views.
In addition, Wall Street still believes in the company’s AI-related sales and earnings potential.
You read all that correct... Read the Full Story |
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Markets | | | Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday. “While progress is being made," she said, “the fight against inflation is not yet won.”Lagarde’s remarks, at an ann... Read the Full Story |
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Markets | | | Lebanon’s interim central bank governor has called on the country’s ruling class to quickly implement economic and financial reforms that the central bank won’t offer loans to the state and does not plan on printing money to cover the huge budget deficit to avoid worsening inflation Read the Full Story |
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Monday's Early Bird Stock Of The Day Insulet Corporation develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes. The company's Omnipod platform includes the Omnipod 5 Automated Insulin Delivery System (Omnipod 5) which includes a proprietary AID algorithm embedded in the Pod that integrates with a third-party continuous glucose monitor to obtain glucose values through wireless bluetooth communication; Omnipod DASH that features a bluetooth enabled Pod that is controlled by a smartphone-like Personal Diabetes Manager with a color touch screen user interface; and Omnipod GO, a standalone, wearable, insulin delivery system that provides a fixed rate of continuous rapid-acting insulin for 72 hours. The company sells its products primarily through independent distributors and pharmacy channels, as well as directly in the United States, Canada, Europe, the Middle East, Australia, and internationally. Insulet Corporation was incorporated in 2000 and is headquartered in Acton, Massachusetts. | | View Today's Stock Pick |
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