Good MorningEquity markets rebounded strongly last week as fears of recession faded away. The melt-up in sentiment was driven by better-than-expected data, including the CPI and retail sales figures. CPI cooled in alignment with the outlook for FOMC interest rate cuts while retail sales grew more than 2% over the last year, outpacing the consensus estimate. However, the good news is shaded by the fact that economic resilience and cooling inflation mean the FOMC doesn't need to cut rates as aggressively as the market has begun to price, bringing the risk of higher-for-longer back into play.
This week's hurdles will include minutes from the last Fed meeting, earnings reports from retailers, and the start of the Jackson Hole Symposium. Retail earnings are expected to be mixed after last week's reports from Walmart and Home Depot. The takeaway is that retail spending is up due to inflation and discretionary items continue to be cut from consumer budgets. Featured: J.P. Morgan's HISTORIC Silver Hoard (Colonial Metals) 
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Stocks | | | Wall Street coasted to the close of its best week since November, as U.S. stocks drifted a bit higher Friday. The S&P 500 rose 0.2% for a seventh straight gain and pulled back within 2% of its all-time high set last month. The Dow Jones Industrial Average gained 96 points, or 0.2%, and the Nasd... Read the Full Story >> |
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Markets | | | Most investors are unwilling to put their capital to work in overseas markets, as it is a more intangible idea, and they will likely not have the chance to see the companies they invest in at work or in person. More than that, geopolitical tensions and cultural differences make investing in China&... Read the Full Story >> |
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Markets | | | Earnings season is always good for a few surprises. One name that's surprising to the upside is YETI Holdings Inc. (NYSE: YETI). The company, which makes iconic coolers and focuses on those who love the outdoors, beat expectations with earnings per share (EPS) of 70 cents on revenue... Read the Full Story >> |
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Markets | | | Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week's Democratic National Convention.At his New Jersey golf club, the Republican nominee blended falsehoods about the economy with misleading... Read the Full Story >> |
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Stocks | | | Global stocks were mixed Monday as investors pondered the upcoming meeting of the Federal Reserve, following Wall Street's best week since November that ended with a slight uptick in U.S. stocks Friday. Germany's DAX was little changed at 18,319.80 in early trading and the CAC 40 in Paris was up 0.1... Read the Full Story >> |
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Markets | | | A federal judge has struck down Missouri investment regulations that Republican Secretary of State Jay Ashcroft had touted as way to expose financial institutions that "put woke politics ahead of investment returns."The Missouri regulations, issued by Ashcroft's office, infringed on the free speech ... Read the Full Story >> |
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Markets | | | AlTi Global (NASDAQ: ALTI) is an independent registered investment advisor (RIA) that manages or advises on $72 billion in assets worldwide. Since going public via a special purpose acquisition company (SPAC), the company’s shares have fallen by 58%. However, one analyst sees a +100%... Read the Full Story >> |
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Markets | | | A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month.The University of Michigan's consumer sentiment index edged up to 67.8 after coming in at 66.4 in July. Americans' expectations for the future rose, while their asse... Read the Full Story >> |
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Markets | | | Cisco Systems (NASDAQ: CSCO) is a U.S. technology firm and is the world’s largest company in the communications equipment industry. Shares have seen significant underperformance compared to its sector, down 4%. The Communication Services Select Sector SPDR Fund (NYSEARCA: XLC) is up nearly 1... Read the Full Story >> |
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Markets | | | Bumble (NASDAQ: BMBL) is one of the most well-known online dating companies in the world. After the firm's most recent earnings release on Aug. 7, its shares lost nearly a third of their value. Year-to-date, shares are down 60%. It is now at the lowest forward price-to-earnings multiple in its ... Read the Full Story >> |
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Monday's Early Bird Stock Of The Day ZoomInfo Technologies Inc., together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage ... | | View Today's Stock Pick |
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