Good MorningEquity markets started the week quietly. The S&P 500 traded within a tight range near record highs, making the 10th consecutive day within the range. The move is one of caution and indecision. The outlook for earnings is positive, but the FOMC and inflation offset it. The question on everyone's mind is whether economic momentum will be sustained through the summer and into the fall; Monday's data did little to assuage fears. ISM and flash PMI data were mixed, with one showing expansion and the other contraction while construction spending fell versus an expectation for gain. The takeaway is that the market is climbing a wall of worry, and the concerns mount. Eventually, the market will become too top-heavy to advance, and a correction will begin. This week's risk is an important economic reading delivered on a holiday-shortened week. The June NFP report will be released on Friday, after the July 4th holiday. The market conditions will likely include light volume, so a surprise report could cause a significant move. The risk is that a move in either direction could trigger algorithmic investing and accelerate the action. Featured: Biden Debate Disaster (Banyan Hill Publishing) |
Markets | | Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong - without too much inflation - to ensure banks are doing okay. What’s called the Fed’s “stress test” ended last week, and despite som... Read the Full Story >> |
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Markets | | Chewy Inc. (NYSE: CHWY) shares spiked as much as 29% in premarket trading Monday after Keith Gill—known online as "Roaring Kitty"—disclosed a 6.6% passive stake in the online pet food and product retailer. The US Securities and Exchange Commission filing reveals that Gill owns... Read the Full Story >> |
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Stocks | | Asian stocks were mixed Tuesday after stocks advanced on Wall Street and yields jumped in the U.S. bond market as election-related issues swayed markets worldwide.U.S. futures fell and oil prices rose. The Japanese yen fell to near a fresh 38-year low, reaching 161.67 yen to the dollar early Tuesday... Read the Full Story >> |
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Markets | | Lyft’s (NASDAQ: LYFT) efforts to improve efficiency while accelerating growth have caused a shift in sentiment that points to a double-digit upside for this stock. The latest results and guidance weren’t a blow-out but still stronger than expected, leading the analyst to upgrade the ... Read the Full Story >> |
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Stocks | | Shares of Chewy have fallen in volatile trading after a regulatory filing revealed that Roaring Kitty, an investor at the center of the meme stock craze, has taken a 6.6% stake in the online pet retailer Read the Full Story >> |
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Markets | | Global pharmaceutical giant Eli Lilly & Co. (NYSE: LLY) has made headlines with its leading GLP-1 weight loss drugs, Mounjaro and Zepbound. Mounjaro is prescribed for Type 2 diabetes but is often used off-label for weight loss. Zepbound is prescribed for obesity treatment. The active ingredi... Read the Full Story >> |
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Markets | | Applied Digital Co. (NASDAQ: APLD) designs, develops and operates next-generation data centers accommodating artificial intelligence (AI) service providers in the high-performance computing (HPC) industry. The AI boom has been driving the demand for more data centers, which is driving demand for... Read the Full Story >> |
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Markets | | Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate.The figure released Tuesday was down from 2.6% in May, welcome ... Read the Full Story >> |
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Markets | | Surveys of Chinese factory managers showed a mixed outlook for the world's second-largest economy in June, with growth steady but not picking up much steam. The China Federation of Logistics and Purchasing's official purchasing managers index, or PMI, remained at 49.5, the same as in May, on a scale... Read the Full Story >> |
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Markets | | Japan has revised earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank showed conditions remain sluggish Read the Full Story >> |
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Tuesday's Early Bird Stock Of The Day Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands Real... | View Today's Stock Pick |
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