Good MorningEquity markets fell on Tuesday following a downgrade in the banking sector. Moody's downgraded several mid-sized banks causing the entire market to fall. Investors bought the dip so the rally may not be stalled; the caution is that CPI data due on Thursday could be hotter than expected. Regardless, the CPI is expected to come in relatively flat compared to the prior month, which is not a signal for the FOMC to lower interest rates.
The S&P 500 fell more than 1.0% at the session's low but rebounded to regain more than half the loss by the end of the day. The move shows support at the 30-day moving average, but support may be fleeting given the upcoming CPI report. Inflation is underpinned by oil prices, among other factors, and oil prices are on the rise. WTI had a volatile session on Tuesday but rebounded from its lows to close with a gain. The takeaway is that the FOMC is still a risk, and it will likely raise rates again. Featured: Buy in once — Collect payouts 8 times per year... (Legacy Research) 
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Earnings season is always an important time for investors. This is because earnings growth (i.e. higher profits) is the single best predictor of stock price growth. Over time, stocks of companies that are reporting earnings growth will go up.
This is true for every sector, including the te... Read the Full Story |
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From Our PartnersMan who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more. | | | | Click here to learn more. |
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Stocks | | | Asian benchmarks mostly fell Thursday after shares declined on Wall Street and investors braced for a highly anticipated report on U.S. inflation.The U.S. government later in the day will give the latest monthly update on inflation the nation's consumers are experiencing, and economists expect to se... Read the Full Story |
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The ‘Dogs of the Dow’ investment strategy became popular in the early 1990’s when author Michael O’Higgins wrote a book titled “Beating the Dow - A High Return, Low-Risk Method for Investing in the Dow Jones Industrial Stocks With as Little as $5,000.”
Th... Read the Full Story |
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From Our PartnersA Lithium legend has placed a multi-million dollar bet on a young company smack in the middle of multi-billion dollar lithium producers. This Lithium asset is so valuable, a major industrial company is effectively trying to steal it. | | | | See why this small company is getting so much attention |
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Markets | | | Italian bank stocks plunged Tuesday after the Cabinet approved a proposal to apply a 40% tax on some bank profits this year to help consumers and businesses cope with higher borrowing costs.Transport Minister Matteo Salvini announced the tax at a Monday evening news conference, saying it was a measu... Read the Full Story |
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Markets | | | China's exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump.Imports tumbled 12.4%, customs data showed Tuesday, in a blow to global exporters that look to China as one of the biggest markets for industrial mater... 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. Learn more here. | | | | Learn more here. |
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Markets | | | Japanese technology company SoftBank Group Corp. continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn.But SoftBank’s April-June red ink, at 477.6 billion yen ($3.4 billion), was smaller than a year ago, when losses totaled 3.16 trillion yen... Read the Full Story |
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The United Parcel Service, Inc (NYSE: UPS) story is unchanged; internal improvements are offset by economic headwinds and canceling each other. The takeaway is that range-bound UPS is still range-bound, and the next entry point for income investors looking to build on their positions is close. UPS... Read the Full Story |
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Markets | | | Eli Lilly’s diabetes treatment Mounjaro, which is widely used for weight loss, raked in nearly $1 billion in second-quarter sales, or more than $200 million above what Wall Street had expected.Shares of the drugmaker soared 17% to an all-time-high Tuesday after Lilly said Mounjaro sales swelled more... Read the Full Story |
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When GoodRx Holdings, Inc. (NASDAQ:GDRX) burst onto the scene in the middle of the pandemic, it brought promises of saving Americans money on their drug prescriptions. While consumers have indeed seen billions of dollars in savings, shareholders have seen nothing but losses. But the worst may fina... Read the Full Story |
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Shares of the world’s largest business freelance platform Upwork. Inc. (NASDAQ: UPWK) exploded higher by more than 50% higher on its Q2 2023 earnings report. Upwork was formed from a merger between the two largest freelancer marketplace platforms, Elance and oDesk, in 2013.
Through cost cut... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Bloomin' Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in March 1988 and is headquartered in Tampa, FL. | | View Today's Stock Pick |
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