Good MorningWall Street kicked off earnings season on a mixed note as JPMorgan Chase delivered a second-quarter profit of $15 billion, beating expectations on the strength of its markets division even as per-share earnings fell from last year’s levels. CEO Jamie Dimon cautioned investors that growing tariffs and geopolitical risks could cloud the outlook. At the same time, U.S. inflation unexpectedly accelerated to its highest rate since February, reinforcing expectations that the Federal Reserve may keep interest rates elevated for longer.
Equity strategists remain cautiously optimistic despite these headwinds. Goldman Sachs lifted its year-end S&P 500 target to 6,900, citing resilient corporate earnings and highlighting a blend of index stalwarts and off-the-radar growth names. Yet some fund managers are urging clients to rotate out of the Magnificent Seven, including Tesla and Apple, into more cyclically sensitive plays like Broadcom and Oracle. Notably, Tesla marked its long-awaited entry into India with a Mumbai showroom opening, underscoring the automaker’s pursuit of new markets amid rising competition. Featured: Unique strategy goes 18 for 18 (100% win-rate) (Ad) |
Markets | | | In a recent market update, Goldman Sachs raised its year-end forecast for the S&P 500 (SPX) to 6,900 by year-end, up from a previous ceiling of 6,500, and flagged three stocks investors should have on their radar, including two index stalwarts and one off-the-beaten-path growth opportunity. A... Read the Full Story |
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Markets | | | For better or for worse, there is now an uncommon indicator that investors can consider when searching for the next big potential move in the stock market: keeping track of what members of the United States Congress are buying or selling for their portfolios. While there is a lot of red tape aroun... Read the Full Story |
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Markets | | | Russian President Vladimir Putin has sacrificed an estimated 1 million of his soldiers, killed and wounded, in a three-year campaign to crush Ukraine. Now President Donald Trump is betting that his go-to economic weapon — tariffs — can succeed where Ukrainian drones and rockets haven't, and finally ... Read the Full Story |
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From Our Partners | | Washington’s first-ever “Crypto Week” could trigger a major Bitcoin surge — but one trader says don’t just buy and hold.
Larry Benedict’s “Bitcoin Skimming” strategy is built to extract 6x, 9x, or even 22x more profit from the same Bitcoin moves. He’s revealing exactly how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Markets | | | Fastenal Co. (NASDAQ: FAST) stock is up more than 4.5% in early trading after the company reported a double-beat in its second quarter earnings report. The company delivered a slight beat on both the top and bottom lines. However, the results were more bullish on a year-over-year (YOY) basis. F... Read the Full Story |
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Stocks | | | Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher... Read the Full Story |
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From Our Partners | | Apple’s Secret Weapon to Disrupt a $9 Trillion Industry
Apple just fired a shot at a $9 trillion sector — not with a new iPhone, but with its most disruptive project since the smartphone. One tiny supplier — still trading near $30 — sits quietly at the center of this bold move. | | Full details here. |
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Markets | | | Tesla Inc. (NASDAQ: TSLA) heads into next week's earnings report with a lot riding on the outcome. Shares have surged as much as 70% from their multi-year lows reached in April, and while they've given back some of the gains, they're still up close to an impressive 50%. With earnings sched... Read the Full Story |
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Markets | | | President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project Read the Full Story |
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Markets | | | A Cuban minister who sparked criticism after saying that there are no beggars in Cuba, only people disguised as such, resigned Tuesday.Cuba's Presidency said in a post on X that Minister of Labor and Social Security Marta Elena Feitó Cabrera “acknowledged her errors and submitted her resignation.”Fe... Read the Full Story |
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Markets | | | The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But in practice, the bureau has been mostly inoperable for nearly six months. CFPB employees say they essentially spend the workday sitting on their hands, forbidden fr... Read the Full Story |
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Markets | | | There are many takeaways from JPMorgan Chase & Company’s (NYSE: JPM) FQ2 report, but the most noteworthy is a seemingly positive turn in CEO Jamie Dimon’s comments. While still highlighting risks, his remarks have turned from concern about dark clouds on the horizon to those citi... Read the Full Story |
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Wednesday's Early Bird Stock Of The DayCleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio. | | View Today's Stock Pick |
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