Good MorningA weaker than expected jobs report lifted the market. The contrarian logic is that weakening employment numbers will give the Federal Reserve room to pause its campaign of raising interest rates.
However, after a strong rally to start the day, stocks closed the week slightly lower. Higher bond yields have been pushing buyers away from stocks.
This week was a net win for the bears. And it sets the stage for economic data coming in next week. Palantir will deliver its quarterly earnings on Monday which is expected to be a market moving report. Investors will also get more information about the direction of inflation when the consumer price index (CPI) and producer price index (PPI) are released.
These reports could point to a continued downward trend. But investors should be cautious, because it’s likely that rising oil prices are not yet priced in.
Featured: U.S. Loses to China in Shocking WAR GAMES (Behind the Markets) 
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Natural gas is one of the world's most reliable energy sources due to its low prices and lower environmental impact, especially when compared with other nonrenewable energy sources like oil and coal.
It has become a key pillar of modern economies worldwide because it also serves as a clea... Read the Full Story |
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Stocks | | | Profits rebounded at Warren Buffett's conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and many of Berkshire Hathaway's assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico... Read the Full Story |
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Amgen Inc. (NASDAQ: AMGN) delivered a solid earnings report after the market closed on August 3. Shareholders hope the results will be enough to reverse the fortunes of AMGN stock, down 12% in 2023.
But heading into earnings, analyst sentiment suggests that all the growth may already b... Read the Full Story |
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We don’t know how much relief most Americans are feeling from the effects of inflation, particularly at the grocery store. But we live in a data-driven world, and the data says that inflation is retreating on a year-over-year basis.
Still, inflation is growing above the Federal R... Read the Full Story |
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Stocks | | | Stocks fell Friday to close out a rare losing week for Wall Street following mixed reports on the U.S. job market and two of the market's most influential stocks.The S&P 500 sank 23.86, or 0.5%, to 4,478.03. It was the fourth straight drop for Wall Street's main measure of health after it set a ... Read the Full Story |
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Shares of XPO (NYSE: XPO) have been on a stratospheric rise since the first quarter of 2023, blowing past all expectations and delivering a massive 165% advance in less than six months.
Some market participants speculate that this rally has run out of steam, but you can't fight th... Read the Full Story |
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Markets | | | Asian stocks were mixed in early trading Tuesday after Wall Street rallied and Japanese wages rose ahead of a United States inflation update that might influence Federal Reserve plans for more possible interest rate hikes.Tokyo advanced while Shanghai and Hong Kong declined. Oil prices gained.Wall S... Read the Full Story |
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Starbucks Corporation (NASDAQ: SBUX) share prices are at a turning point, and a breakout is imminent. The market has been consolidating at the low end of a trading range following a minor correction, but that episode is over.
The likely scenario is that upward price pressure will conti... Read the Full Story |
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Markets | | | Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices.Total sales stood at just over $106 billion, down from $150 billion in the second quarter of 2022. In an earnin... Read the Full Story |
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Markets | | | Toshiba announced a 2 trillion yen ($14 billion) tender offer on Monday in a move that would take it private, as the scandal-tarnished Japanese electronics and energy giant seeks to turn itself around.The tender offer led by a buyout fund of major Japanese banks and companies called Japan Industrial... Read the Full Story |
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Monday's Early Bird Stock Of The Day Apellis Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic compounds through the inhibition of the complement system for autoimmune and inflammatory diseases. It offers EMPAVELI for the treatment of paroxysmal nocturnal hemoglobinuria, C3 glomerulopathy and immune complex membranoproliferative glomerulonephritis, and hematopoietic stem cell transplantation-associated thrombotic microangiopathy; and SYFOVRE for treating geographic atrophy secondary to age-related macular degeneration and geographic atrophy (GA). The company also develops APL-3007, a small interfering RNA, or siRNA, which is in a Phase 1 clinical trial, as well as an oral complement inhibitor that is in preclinical development. It has a collaboration and license agreement with Swedish Orphan Biovitrum AB (publ) for development and commercialization of pegcetacoplan; and a collaboration with Beam Therapeutics Inc. focused on the use of Beam's base editing technology to discover new treatments for complement-driven diseases. The company was incorporated in 2009 and is based in Waltham, Massachusetts. | | View Today's Stock Pick |
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