Good MorningEquity markets advanced on Tuesday on growing hope for a soft landing despite increasing evidence to the contrary. The S&P 500 gained 1.50% at the height of the session, indicating the summer rally was intact. The risk for the market is that the PCE price index is due out later this week and is expected to show core consumer inflation accelerate from the previous month. Data such as this aligns with the idea the FOMC will hike rates at least once more this year; hot data with the idea of multiple hikes by the end of the year.
Evidence of mounting risk includes the latest news from the FDIC. The FDIC proposes raising debt requirements for regional banks to match that of their larger competitors. The move is intended to bolster balance sheets and protect depositors should an institution collapse. With interest rates set to rise, the FDIC is getting ready for the next banking crisis, and it could begin this fall. Featured: This is the #1 Stock to Buy for the AI Tidal Wave (Chaikin Analytics) 
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Markets | | | Order has been restored. With the tech-heavy Nasdaq snapping its three-week losing streak, the market’s sector leader is back — at least for now.
By far 2023’s best-performing group, information technology companies are benefiting from job cuts, other cost-saving measures, a semic... Read the Full Story |
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The dirty laundry keeps piling up for Foot Locker, Inc. (NYSE: FL). Last week, the athletic apparel and sporting goods retailer announced its sixth straight quarter of lower profits and the worst bottom line performance since Covid closures.
Although the result matched Wall Street expectations, a... Read the Full Story |
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AI is hot. It is expected to grow at a 50% CAGR or higher for the next several years, which certainly looks true for NVIDIA (NASDAQ: NVDA). While NVIDIA has captured the attention of investors, now there is another opportunity with longer legs than a data-center revolution: embedding AI into the d... Read the Full Story |
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Markets | | | The Russian ruble's wobble in value has exposed a crack in President Vladimir Putin's fortress economy, a vulnerability quickly plastered over by the Kremlin's economic team in a move that allowed the currency to regain its footing, at least for now.Yet the patch — an emergency interest rate increas... Read the Full Story |
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Markets | | | Asian stock markets were mostly lower Thursday after Japanese factory activity and Chinese service industry growth weakened.Shanghai, Hong Kong and Seoul declined. Tokyo gained. Oil prices edged lower.Wall Street's benchmark S&P 500 index rose 0.4% on Wednesday after the U.S. government cut its ... Read the Full Story |
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Organized theft is flipping more than product displays at DICK'S Sporting Goods, Inc. (NYSE: DKS).
The athletic apparel and equipment retailer's shares were turned upside down last week after it announced disappointing second-quarter financials. With Wall Street anticipating a slight year-o... Read the Full Story |
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3M (NYSE: MMM) is an interesting speculation on high-yield dividend growth and value, and now is an excellent time to take a bite. The company is navigating a difficult time with aplomb, and the market is putting in a bottom. The critical elements include the removal of uncertainty, a clearer fina... Read the Full Story |
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Markets | | | The cryptocurrency fund manager Grayscale won a major court battle Tuesday against the Securities and Exchange Commission, paving the way for the first bitcoin exchange-traded fund. Grayscale sued the SEC last year when the securities regulator denied its application to turn its bitcoin fund, known ... 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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Markets | | | Best Buy sales and profits slid in the second quarter as the nation’s largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products. The company also provides commercial and industrial loans including real and non-real estate loans; construction and land development loans; and residential mortgages, as well as consumer loans. In addition, it offers commercial finance products to middle market and corporate clients, including leases and related structures; facilitates investments in new market tax credit activities and holding certain foreclosed assets; provides customers access to fixed annuity and life insurance products; and underwriting transactions products, as well as debt and mortgage-related securities. The company was founded in 1899 and is headquartered in Gulfport, Mississippi. | | View Today's Stock Pick |
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