Good MorningEquity markets began the week on a cautious footing. The S&P 500 is within striking distance of a new all-time high but traded within a tight range and closed near break-even for the session. The caution is due to the week's events, including key earnings reports and inflation data. On the earnings front, reports from major retailers like Home Depot and Walmart will set the tone for the rest of the reporting season, while inflation data may be hot. The CPI index is expected to accelerate at the headline level, remain hot in all other comparisons and may exceed expectations.
The risk for the market is the outlook for the FOMC. The market expects the FOMC to cut rates soon, possibly over the summer and needs the data to align with that forecast. If not, the market could resume the sell-off that began in March and, this time, take the S&P 500 index to a new low. In that scenario, the reality of higher-for-longer means rates are normalized at the highest levels in two decades and will remain high indefinitely, sapping the outlook for economic growth and corporate earnings. Featured: Gold's Price Surge: What It Means for You (Priority Gold) 
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Markets | | | When investors think about their potential winnings through the stock market, two methods typically get the lion’s share of attention. The most straightforward appreciation will happen through the classic buy low and sell high (with a little luck). Second, dividend income has become a common... Read the Full Story >> |
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Stocks | | | The utilities sector just broke out of its multi-year downtrend, confirming a significant change of character and shift in momentum. The sector, which has certainly taken a back seat to other sectors in recent years, like technology and in-play artificial intelligence stocks, is now firmly in the ... Read the Full Story >> |
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Stocks | | | No, it's not 2021. But waking up today, you might have been forgiven for thinking so. Keith Gill, also known as RoaringKitty, the man behind the retail frenzy and eventual squeeze on GameStop (NYSE: GME), has resurfaced on Twitter after a prolonged absence. As a result, shares of iconic meme stock... Read the Full Story >> |
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Stocks | | | The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher Monday. Keith Gill, better known as "Roaring Kitty," posted an image Sunday on the social platform X of a man sitting forward ... Read the Full Story >> |
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Markets | | | Over the past year, technology stocks have received the lion’s share of market attention and performance. Not all stocks in the space are equal, though; investors made it abundantly clear that they are only after those names are exposed to the new trends in artificial intelligence. But even ... Read the Full Story >> |
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From Our PartnersThere's no shortage of controversial CEOs in America today...
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Markets | | | GameStop Corp. (NYSE: GME) shareholders may have a feeling of deja vu. Trading of GME stock was paused due to a limit up limit down (LULD) pause on Monday, May 13. The 110% higher move fuels the idea that GameStop is ready to experience another short squeeze reminiscent of 2021. But the Gam... Read the Full Story >> |
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Stocks | | | A fraud trial began Monday for the founder of a hedge fund that cost leading global investment banks and brokerages billions of dollars when it collapsed.A prosecutor portrayed Bill Hwang, the founder of Archegos Capital Management, as a greedy man hoping to become a Wall Street legend while his law... Read the Full Story >> |
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Markets | | | Global shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. France's CAC 40 slipped less than 0.1% in early trading to 8,203.71, while Germany's DAX shed 0.2% to 18,697.53. Britain's FTSE 100 rose nearly 0.2% to 8,428.44. The... Read the Full Story >> |
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Markets | | | When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered an indispensable ally rather than a rival. By the time he left on Friday, he'd secured deals that provide fertile ground for China's plans of economi... Read the Full Story >> |
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Markets | | | The International Monetary Fund, Argentina's biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe they even surpass the terms of its $43 billion loan. The IMF deal follows the completion of its review of A... Read the Full Story >> |
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Tuesday's Early Bird Stock Of The Day Texas Roadhouse, Inc., together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc. was founded in 1993 and is based in Louisville, Kentucky. | | View Today's Stock Pick |
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