Good MorningInvestors got a dose of good news with Thursday's CPI report. The data was cooler than expected on a month-to-month and year-over-year basis, aligning with the expectation that the FOMC would cut rates at least once this year. The data from the CME suggests two cuts are possible by December, which is now the hope.
The bad news is that the CPI data was a sell-the-news event. The S&P 500 surged initially but opened weakly and moved lower throughout the day, closing with a loss of nearly 1%. The silver lining is that the S&P 500 is extended and needs a periodic correction to alleviate overbought conditions. This means the pullback, should it deepen, is reasonable considering the long-term outlook and should result in a buying opportunity soon. Featured: Tim Sykes' Urgent Trade Alert: "Make this move now" (Timothy Sykes) 
|
Markets | | | Investors will find that most of the market’s attention has centered on today's technology sector, particularly stocks dealing with artificial intelligence and its growing adoption throughout the global economy. For better reference, investors can dig into the VanEck Semiconductor ... Read the Full Story >> |
|
From Our PartnersChris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017…
And has spotted 44 different coins that have returned over 100%...
Today, he is now making the biggest crypto call of his ENTIRE career… | | | | Click For My #1 FREE Crypto for 2024 |
|
Stocks | | | Asian stocks were mixed Friday with the yen moved between gains and losses after the latest update on inflation bolstered Wall Street's belief that relief on interest rates may come as soon as September.U.S. futures were mixed and oil prices rose.The USD/JPY currency dropped 2.1% overnight and trade... Read the Full Story >> |
|
Stocks | | | Global stocks are mixed, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall Street's belief that relief on interest rates may come as soon as September Read the Full Story >> |
|
From Our PartnersCould Elon's New Device be Bigger than the iPhone?
According to 30-year Silicon Valley and Wall Street veteran, Eric Fry…
This mind-blowing new technology could be bigger than the iPhone. | | | | Click here for the full story… |
|
Markets | | | PepsiCo (NASDAQ: PEP) shares have struggled with traction for the last two years as inflation, pricing pressure, consumer pushback, and economic headwinds impact results, but those days will soon end. The latest CPI report shows inflation cooling faster than expected and has the FOMC on track to... Read the Full Story >> |
|
Markets | | | WD-40 Company (NASDAQ: WDFC) is a healthy, value-building company whose stock price has struggled, providing ample opportunities for investors to buy in. Hurdles remain, including high interest and inflation, but the stock price is set to rise over the coming quarters and is on track to set a new ... Read the Full Story >> |
|
From Our PartnersA radical, potentially game-changing technology that threatens to destroy the trillion-dollar, "green energy" grift of the elites.
And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth. | | | | One company holds a near-total monopoly on it. |
|
Markets | | | Conagra Brands (NYSE: CAG) is a North American food industry leader and is considered part of the consumer staples sector. Conagra Brands’ earnings report for the fourth quarter of 2024 shows evidence of a company that continues to navigate a challenging and shifting consumer landscape. ... Read the Full Story >> |
|
Markets | | | Americans are traveling in record numbers this summer, but Delta Air Lines said Thursday that it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry.The airline is also predicting a lower profit than Wall Street expects for the third quarter... Read the Full Story >> |
|
Markets | | | PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks Read the Full Story >> |
|
Markets | | | The average rate on a 30-year mortgage fell slightly this week, providing modest relief for home shoppers facing record-high home prices.The rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.96%.The average rate has mostly hovered around 7% ... Read the Full Story >> |
|
Markets | | | Six Flags Entertainment (NYSE: SIX) announced last week the successful completion of its merger with Cedar Fair (NYSE: FUN). The merger of these two firms in the consumer discretionary sector creates one of the largest theme park operators in North America. It will compete with firms such as the W... Read the Full Story >> |
|
Friday's Early Bird Stock Of The Day ProKidney Corp., a clinical-stage biotechnology company, provides transformative proprietary cell therapy platform for treating various chronic kidney diseases in the United States. The company's lead product is Renal Autologous Cell Therapy (REACT), an autologous homologous cell admixture, which has completed Phase I clinical trial for REACT in patients with congenital anomalies of the Kidney and Urinary Tract (CAKUT), as well as in Phase III and Phase II clinical trials for the treatment ... | | View Today's Stock Pick |
|
没有评论:
发表评论