Good MorningEquity markets pulled back for the second day on Wednesday while a resolution to the debt ceiling debate remains elusive. The move was amplified by weakness in the semiconductor sector, correcting after the previous week's surge. The takeaway for tech is that much of the gains expected from AI have been priced in, and investors should look to the next wave of winners. Among those will be tech services companies and hardware manufacturers to support the new technology.
The labor data added to Wednesday's woes. The JOLTs report showed a surprise surge in job openings that suggests momentum in the economy. That increases the odds of another Fed interest rate hike, and the odds are already high for another 25 bps. Economic pressure will continue to build and more financial institutions will fail. Featured: This Could Be The Most Profitable 9 Minutes Of Your Life (Investing Daily) 
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Markets | | | The Artificial Intelligence driven ETF (Exchange Traded Fund) AMOM (NYSEARCA: AMOM) has released its latest holdings list, making a surprising pivot into some consumer names and equally unexpected rotations out of others. Of course, the largest holding within this fund was ... Read the Full Story >> |
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Markets | | | Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) disappointed investors with its outlook for Q2 2023. The popular disruptor and innovator of BnB travel bookings have had gravity-defying growth and earnings throughout the weakening economy. It was a prime example of consumers shifting their disc... Read the Full Story >> |
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Markets | | | The Goodyear Tire and Rubber Company (NYSE: GT) stock has been choppy between $9.66 and $12.50 until the last seven months when activist investor Elliott Management called out the board of directors. Elliott sent Goodyear a letter on May 11, 2023, stating that it must pursue critical steps detaile... Read the Full Story >> |
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From Our PartnersTechnology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do. | | | | See the Young Company Behind This Revolutionary Advancement |
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Markets | | | Global benchmarks were mostly higher Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis. France's CAC 40 gained 0.9% in early trading to 7,163.56, while Germany's DAX jumped 1.1% to 15,833.44. Britain's FTSE 100 edged ... Read the Full Story >> |
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Markets | | | Across the U.S. economy, a number of industries are facing the same formidable challenge: Replenishing a workforce that is being diminished by a surge of retirements that began during the pandemic and has continued since Read the Full Story >> |
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From Our PartnersOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite!
Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines. | | See why graphite could be the "new lithium" |
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Markets | | | The Central Bank of Sri Lanka reduced its interest rates Thursday for the first time since the island nation declared bankruptcy, after stern fiscal controls, improved foreign currency income and help from an International Monetary Fund program resulted in inflation slowing faster than expected. The... Read the Full Story >> |
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Markets | | | Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company founded in 1987 by famous American Investor Carl Icahn. The company operates in various industries through various subsidiaries and affiliates, including energy, automotive, real estate, gaming, and food packaging. Some of the c... Read the Full Story >> |
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Markets | | | HP (NYSE: HP) is not a growth stock; it’s not exciting to own, but it is a winner if you are an income investor. The business is down, and the outlook isn’t all that rosy, but the business is solid, FCF is robust, and the dividend is as reliable as they come. The dividend is worth abou... Read the Full Story >> |
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Markets | | | Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities.The annual figure in May eased from 7% in April for the 20 countries that use the euro currency, the... Read the Full Story >> |
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Markets | | | A passenger has gone missing after falling overboard on a Carnival cruise ship.The 35-year-old man, identified as Ronnie Lee Peale Jr., reportedly fell overboard less than 200 miles off the coast of Jacksonville, Florida on Monday while aboard the Carnival Magic. The cruise ship set sail from Norfol... Read the Full Story >> |
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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat Aptevo Therapeutics, Inc. is a clinical-stage biotechnology company, which focuses on developing novel immunotherapies for the treatment of cancer. Its pipeline APVO436, ALG.APV-527 and APVO603 were developed based on the ADAPTIR modular protein platform technology and APVO442 was developed based on the new ADAPTIR-FLE platform technology. The ADAPTIR and ADAPTIR-FLEX are capable of generating differentiated bispecific and multi-specific antibodies with potentially unique mechanisms of action fo... | | View Today's Stock Pick |
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