Dalio says Cash is Trash; Stocks trade mixed; United Natural Foods looks promising.
MarketBeat
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Last week, the market corrected and rebounded within the span of a few days and the volatility is not likely to be over. A new narrative has emerged in the earnings outlook and that is the impact of inflation and supply chain issues. Inflation and supply chain issues are cutting into the top and bottom-line results of the early reporting S&P 500 companies and that is not good news for the market.
If the consensus estimates for the S&P 500 begin to trend noticeably lower, the S&P 500 will likely move with it. This week's earnings calendar is very light so the focus will be on the economic data with the most important release coming on Friday. The PCE price index is the Fed's favorite tool for reading consumer inflation and so will have a deep impact on market sentiment.
MARKETS
United Natural Foods (NYSE: UNFI)?is?spiking higher in advance of the company’s fourth-quarter 2021 earnings scheduled for September 28 before the market opens. This would continue a trend that has seen the UNFI stock climb 6.2% in the last 30 days.??However, on balance...
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Dalio warns investors with $250K in cash to “diversify now.” His solution? Alternatives, like art. Why? Contemporary Art has outperformed safe assets like gold and real estate by nearly 2x (95-20). 61% of the ultra-wealthy allocate heavily to art. Now you can too. We partnered with Masterworks.io, a platform that lets you invest in the type of art collected by Steve Cohen, Jeff Bezos and Bill Gates.
TECH
Stocks were mixed on Wall Street Monday as technology stocks fell and offset gains for banks and energy companies. The S&P 500 index fell 0.1% as of 11:15 a.m. Eastern. The Dow Jones Industrial Average rose 156 points, or 0.5%, to 34,956 and the tech-heavy Nasdaq fell 0.5%. ...
MARKETS
Boston Federal Reserve President Eric Rosengren said Monday that he will retire this week and disclosed that he has qualified for a kidney transplant. Rosengren's announcement comes after investments by him and other Fed officials last year raised questions about the Fed's ethics ru...
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MARKETS
Tire and automobile service provider Goodyear Tire and Rubber Company (NYSE: GT) shares have been recovering along with the global automotive recovery after being hit hard during the pandemic as an epicenter industry.
MARKETS
As if a cup of coffee wasn’t expensive enough, a confluence of factors is driving up farmers' costs to grow the beans and it could begin filtering down to your local cafe before the end of the year. After hovering for years near $1 per pound, coffee futures — the price large-volume bu...
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MARKETS
Beyond Meat and Impossible Foods found success with realistic plant-based burgers. Now, they're hoping to replicate that in the fast-growing but crowded market for plant-based chicken nuggets. Beyond Meat said Monday that its new tenders, made from fava beans, will go on sale in U.S. ...
POLITICS
It's a consequential week for President Joe Biden's agenda, as Democratic leaders trim back his $3.5 trillion tax and spending package to win over remaining lawmakers and work to quickly pass legislation to avoid a federal shutdown. Biden’s domestic agenda is hanging in the balance, a...
MARKETS
Shares of cannabis REIT Innovative Industrial Properties (NYSE: IIPR) rebounded off their 50-day line earlier this month as the stock consolidates below its September 7 high of $253.61. This pullback and subsequent uptrend look healthy, and the stock may be poised for gains in the near term.
MARKETS
Unless you’re shopping at the outlet mall, it can be hard to find authentic Nike (NYSE: NKE) products at bargain prices. The same goes for Nike’s stock which hasn’t often gone on sale over the course of its 37-year trading history. Late last week after Nike reported mixed first-qu...
MARKETS
Getting out of debt is like trying to climb out of a deep, muddy pit. As soon as you seem to grab a toehold, you slide down again.?American household debt among 340 million Americans hit a record $14.6 trillion in the spring of 2021.?Let's go over a few roadblocks people often face t...
THE EARLY BIRD STOCK OF THE DAY
Tata Motors Ltd. is an automobile manufacturer with a portfolio that includes a range of cars, utility vehicles, trucks, buses, and defense vehicles. It operates through the Automotive and Others segments. The Automotive segment includes all activities relating to the development, design, manufacture, assembly and sale of vehicles including vehicle financing, as well as sale of related parts and accessories. It also consists of sub-segments, such as, Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. The Others segment includes information technology and insurance broking services. The company was founded on September 1, 1945 and is headquartered in Mumbai, India.
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