News / Uncategorized
[Platinum Insights] (7.10.23)
[Platinum Insights] (7.10.23)
August 22, 2023
Good morning.
Wall Street’s main indexes ended the week lower on Friday after a mixed jobs report showed the domestic economy added the fewest jobs in 2-1/2 years in June, although a decline in unemployment and a higher-than-anticipated wage growth pointed to a still strong labor market.
U.S. stock index futures edged lower this morning as investors stayed on the sidelines ahead of a key inflation report, while weak data out of China fanned worries of a looming economic slowdown.
Wednesday will see the release of the consumer prices report for June, with the month-over-month change of the headline consumer price index expected at 0.3%, faster than the 0.1% increase in May. Core consumer prices may have increased at a slightly slower pace of 0.3% compared to the 0.4% growth in May.
The BLS is due to release its producer price inflation report on Thursday. The headline PPI is expected to have increased by 0.2% month-over-month and 0.4% year-over-year in June. This compares to May’s 0.3% drop and 1.1% growth, respectively.
Chinese consumer price figures for June teetered on the edge of deflation for the first time in over two years, while producer prices fell at their fastest pace in over seven years, adding to concerns about the health of the world’s second-largest economy.
The second-quarter earnings reporting period kicks off this week and investors will assess the impact of tight monetary conditions and fears of an impending looming economic slowdown on businesses. Overall, earnings for the S&P 500 constituents are expected to fall 5.7% in the second quarter, Refintiv data showed.
WTI crude futures were slightly lower around $73.23 a barrel. Gold prices were little changed around $1920 an ounce while US 10 Year Note Bond Yield was 4.07 percent.
Have a great day!
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Insights] (7.10.23)
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Insights] (7.10.23)
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024