Good MorningEquity markets sold off after an as-expected CPI report but regained footing, rebounded, and moved higher before the close. The takeaway is that the FOMC remains on track to cut interest rates, the economy is on track for a soft landing, the market is amid a sector rotation, and volatility should be expected over the coming weeks. The next hurdle will come soon with the FOMC's September policy statement, which may disappoint because the market continues to price in a high chance for aggressive rate cuts. Based on the latest data, about 100 basis points worth of cuts by the year's end, which is unlikely given the economic data.
The Q3 earnings season is approaching and may be less than the market hoped. Banker JPMorgan Chase & Company's caution amounts to reduced guidance for NII and expenses, a key driver of revenue and earnings that could impact other banks. The risk is that earnings weakness will impact sectors aside from banking and undercut the outlook for the year. Featured: New trading system called MSFT, NVDA & MSFT (WealthPress) 
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When the market gets too long or too short in any given set of stocks or asset classes, investors must eventually watch out for the changing tides. Just like anything that is priced openly to the public, stocks that run out of buyers will need to see lower prices to attract new business, just like... Read the Full Story |
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Markets | | | The goal of many dividend investors is to create a stable portfolio of companies that provide consistent distributions for the foreseeable future. And when it comes to paying dividends consistently, dividend aristocrats and dividend kings represent the best of the best. These companies have long his... Read the Full Story |
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Stocks | | | U.S. stock indexes stormed back from big early drops on Wednesday to finish higher, led by a handful of influential Big Tech companies.The S&P 500 rallied 1.1% after erasing a morning wipeout of 1.6%, one where almost every stock within the index had been falling. A majority of the index’s stock... Read the Full Story |
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Stocks | | | U.S. stocks pulled closer to their records on Thursday following a couple reports on the economy that came in close to expectations.The S&P 500 rose 0.7% and climbed back within 1.3% of its record set in July following a shaky summer. It remains on track for a fourth winning week in the last fi... Read the Full Story |
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Alnylam Pharmaceuticals (NASDAQ: ALNY) stock price action has been volatile but is uptrending and has gained 100% in the last two years. The uptrend is driven by increasing expectations for market-disrupting heart treatment and could double the price again. The latest action has the market up more... Read the Full Story |
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Stocks | | | This week the Federal Reserve is likely to cut its main interest rate for the first time in more than four years. It's a momentous move, but savers have been feeling the squeeze for months.Financial markets and banks try to get ahead of such moves by the Fed, and yields have been dropping on everyth... Read the Full Story |
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Markets | | | A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy Read the Full Story |
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GameStop (NYSE: GME) posted another smoke-and-mirrors quarter, resulting in a normal market response: a fall. The results reveal a company trying hard to turn itself around but failing miserably and eating itself to death at shareholder expense—insufficient news to spark another meme-quality... Read the Full Story |
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Markets | | | With inflation subsiding, the European Central Bank cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers. The U.S. Federal Reserve likely won’t be far behind in joining the rate-cutting process. The bank’s rate-setting council lowered ... Read the Full Story |
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The reading of August CPI data led the market to sell off because it was as expected. As much hope as there was for aggressive interest rate cuts this year, the FOMC would unlikely follow through on them because underlying economic data remains solid, and deep in the market’s heart, it knows... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Canoo Inc., a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components. It offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups; battery modules; and engineering services. In addition, the company provides digital ecosystem, a suite of products and software tools comprising CanooHub, a web-based fleet management portal; driver mobile app for real-time vehicle status and access to remote commands; vehicle human machine interface that encompasses vehicle controls, customizable settings, range mode, cruise control, vehicle alerts, camera feeds for safety and connectivity, such as cellular, Wi-Fi and Bluetooth, as well as data and analytics infrastructure. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California. | | View Today's Stock Pick |
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