Content
U.S. New Auto Sales Crashed In August As Inventory Collapsed
Article By:
Christophe Barraud
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Thursday, September 2, 2021 1:22 PM EDT
U.S. new auto sales surprised downward in August and decreased by 11.5% MoM to 13.06M SAAR (lowest since June 2020), down from 14.75M in July.
In this article: CARZ
No Cloudy Skies In This Market
Video By:
Interactive Brokers
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Thursday, September 2, 2021 1:10 PM EDT
Steve Sosnick, Interactive Brokers’ chief strategist, discusses why markets are in a “must buy everything” mode.
Cloud Stocks: RingCentral Cashing In On The Hybrid Work Environment
Article By:
Sramana Mitra
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Thursday, September 2, 2021 12:58 PM EDT
RingCentral is leveraging its active platform ecosystem to add several third-party capabilities to the service.
In this article: RNG
US Recovery Has Challenges To Overcome
Article By:
ING Economics
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Thursday, September 2, 2021 12:46 PM EDT
The US economy is having to deal with a number of challenges that will weigh on growth in the near term while keeping inflation elevated.
Amazon Is Undervalued
Article By:
Andres Cardenal
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Thursday, September 2, 2021 12:35 PM EDT
Amazon is a high-quality business with rock-solid competitive strength, plenty of growth opportunities, and trading at an attractive valuation. The bullish thesis for Amazon stock looks quite strong at these levels.
Hormel Foods (HRL) Gets Crushed After Earnings, Here’s The Trade
Article By:
Nick Santiago
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Thursday, September 2, 2021 12:11 PM EDT
The next major support level for Hormel Foods (HRL) stock will be around the $40.00 level. This major support area is where the stock broke out to the upside in March 2020.
In this article: HRL
Yes, The Correction Is Coming
Article By:
Victor Dergunov
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Thursday, September 2, 2021 11:48 AM EDT
It's been about a year since the S&P 500 saw a notable correction of approximately 10%. At the same time, the Fed taper and the growing coronavirus threat will likely put a dent into economic growth and corporate earnings.
Bank Index Teetering Near Financial Crisis Highs?
Article By:
Chris Kimble
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Thursday, September 2, 2021 11:37 AM EDT
Since bottoming with the coronavirus crash, the BKX Bank Index has more than doubled. But, this year has seen the Bank Index slow its roll.
AUD/USD Breaks Out Of Descending Channel To Trade Above 50-Day SMA
Article By:
David Song
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Thursday, September 2, 2021 11:26 AM EDT
The IG Client Sentiment Report shows 47.18% of traders are currently net-long AUD/USD, with the ratio of traders short to long standing at 1.12 to 1.
U.S. Economic Outlook: Gold Failing To Gain Ground
Article By:
Przemyslaw Radomski, CFA
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Thursday, September 2, 2021 11:15 AM EDT
With the Delta variant upending global economic activity, the latest coronavirus strain has ground the reopening momentum to a halt.
In this article: GLD
Inflation Is A Monetary Curse
Article By:
Alasdair MacLeod
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Thursday, September 2, 2021 11:03 AM EDT
Rising consumer prices caused by monetary expansion have driven real rates sharply negative and are leading to pressure for higher interest rates.
In this article: GLD
Jobless Claims Show Continuing Improvement, Now Well Within Normal Expansion Range
Article By:
New Deal Democrat
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Thursday, September 2, 2021 10:57 AM EDT
Way back at the beginning of spring, I set a goal of initial claims being 400,000 or less by Labor Day as a marker for a good COVID recovery - which I was reminded of because the aforesaid holiday is this weekend.
Use Options To Get More Out Of Your Banking Shares
Article By:
Jay Soloff
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Thursday, September 2, 2021 10:53 AM EDT
The banking sector can be challenging to trade when interest rates are near zero. On the one hand, banks tend to earn more profits when interest rates are higher.
In this article: BAC