Good MorningEquity markets continue to fall on Wednesday despite an early morning attempt to rebound. The S&P 500 fell more than 0.25% at the session low, a small decline but one that put it below the 30-day moving average. At this level, there is a risk that short-term traders will start selling the market and turn a small price pullback into a much larger one.
Among the causes for market softness was a weaker-than-expected JOLTs report. The JOLTs report tracks job openings and shows job availability decreasing, raising the risk of a labor-led recession. Job losses will compound in that scenario, causing a significant pullback in consumer spending and leading the S&P 500 into a tailspin as the earnings outlook is reassessed. The caution is that a single data point or month of data is not a trend and labor markets remain healthy on balance. Featured: “Fed Proof” Your Bank Account with THESE 4 Simple Steps (Weiss Ratings) 
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While investors today want to emulate what Warren Buffett and other mega investors in the stock market are trying to do, they often forget that they are in the tenth chapter of their journey, while most retail investors should be trying to figure out what these professionals did in their beginning... Read the Full Story |
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Stocks | | | Most U.S. stocks fell Thursday following a mixed round of data on the economy, keeping them on track for their worst week since April.The S&P 500 slipped 0.3% for a third straight drop, and the Dow Jones Industrial Average lost 219 points, or 0.5%. The Nasdaq composite held up better than the re... Read the Full Story |
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Markets | | | U.S. stock indexes lost more ground Wednesday, with declines in the technology, energy and other sectors adding to Wall Street's losses a day after the market’s worst skid in a month. The S&P 500 fell 0.2% following Tuesday's 2.1% drop. The Nasdaq composite shed 0.3%. The Dow Jones Industrial Av... Read the Full Story |
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Two emotions rule financial markets: fear and greed. Fear can arise when a stock position is losing money, and greed rears its head when a stock position is making money. The fear of missing out (FOMO) on a potential winner can trigger both emotions. People tend to react when fear or greed builds ... Read the Full Story |
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When a bear market occurs, it’s not impossible to find places to preserve or even grow wealth in the stock market. Some companies naturally have aspects of their business that allow them to perform well when it feels like all the market wants to do is fall. We’ll look at three stocks t... Read the Full Story |
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From Our PartnersFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs…
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Markets | | | Death and taxes, the saying goes, are the only certainties in life. If so, funeral companies like Houston's Service Corporation International might look like a sure bet to investors.The slow-growing but inevitable business is supported by the aging U.S. population: By 2030, the share of population o... Read the Full Story |
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Dick’s Sporting Goods (NYSE: DKS) can compete with the likes of Walmart (NYSE: WMT) and Target (NYSE: TGT) and continue to gain market share because of its quality. Not all of the sporting goods products in Walmart and Target are poor quality, but many are; sporting enthusiasts who know the ... Read the Full Story |
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Markets | | | America's employers posted fewer job openings in July than they had the previous month, a sign that hiring could further cool in the coming months.The Labor Department reported Wednesday that there were 7.7 million open jobs in July, down from 7.9 million in June and the fewest since January 2021. O... Read the Full Story |
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Markets | | | Dollar Tree is slashing its full-year earnings and sales forecasts as its customers continue to struggle with higher prices and spend less. Shares tumbled more than 20% Wednesday after hitting a 52-week low on the prior day. The biggest one-day sell-off for Dollar Tree shares in more than 20 years a... Read the Full Story |
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AbbVie (NYSE: ABBV) is a global biopharmaceutical company long synonymous with its blockbuster drug, Humira. While the drug's success has propelled AbbVie to great heights, its recent patent expiration has greatly influenced the company's future.
While the "Humira cliff" is undeniably significant... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Applied DNA Sciences, Inc., a biotechnology company, develops and commercializes technologies to produce and detect deoxyribonucleic acid (DNA) in the Americas, Europe, Asia, and internationally. It operates through three segments: Therapeutic DNA Production Services; MDx Testing Services; and DNA Tagging and Security Products and Services. The Therapeutic DNA Production Services segment develops and commercializes the LinearDNA platform, which enables a cell-free manufacture of high-fidelity synthetic DNA sequences for use in nucleic acid-based therapeutics. The MDx Testing Services segment provides clinical molecular diagnostics (MDx) testing and clinical laboratory testing services; COVID-19 testing services, including test scheduling, sample collection, and automated results reporting for higher education institutions, private clients, and businesses under the safeCircle trademark; polymerase chain reaction (PCR) for production and detection of DNA and RNA; and MDx test kits and related supplies, as well as Isotopic analysis testing services. The DNA Tagging and Security Products and Services segment offers SigNature Molecular Tags, which provides a methodology to authenticate goods within large and complex supply chains for materials, such as cotton, nutraceuticals, and other products; SigNify portable DNA readers and SigNify consumable reagent test kits; and fiberTyping, which uses PCR-based DNA detection to detect a product's naturally occurring DNA sequences for the purposes of product provenance authentication and supply chain security. The company was formerly known as Datalink Systems, Inc. and changed its name to Applied DNA Sciences, Inc. in 2002. Applied DNA Sciences, Inc. was founded in 1983 and is headquartered in Stony Brook, New York. | | View Today's Stock Pick |
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