S&P 500 Price Forecast – 4400 Level Gets Cleared

The S&P 500 has rallied a bit during the course of the trading session on Thursday as we continue to find plenty of reasons to go higher. The S&P 500 is moving based upon the idea of liquidity measures and of course the fact that Jerome Powell was so dovish certainly helps the situation as […]

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P&G Beats Estimates as Consumers Absorb Price Increases

(Bloomberg) — Procter & Gamble Co. rose in early trading after reporting sales for the latest quarter that exceeded expectations despite a difficult comparison with last year’s stockpiling. The maker of Gillette razors and Downy fabric softener, which announced a leadership transition on Thursday, said that organic sales, which strip out the impact of items […]

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AbbVie Boosts 2021 Guidance as Sales Rebound From Pandemic

(Bloomberg) — AbbVie Inc. beat expectations for second-quarter profit and revenue and raised its adjusted profit guidance for the year as sales rebounded from last year’s pandemic disruptions, helped by the purchase of Allergan. Adjusted earnings for the year will be $12.52 to $12.62 a share, AbbVie said, up from a previous range that topped […]

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S&P 500 Closes Near Record High as Bulls Bid Up Cyclical Stocks

By Yasin Ebrahim Investing.com – The S&P 500 closed near record highs Thursday, led by gains in cyclical stocks as investors looked through softer second-quarter U.S. growth amid signs of stronger consumer spending. The S&P 500 rose 0.43% to remain close to its closing record of 4,422.13. The Dow Jones Industrial Average gained 0.5%, or […]

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Caterpillar Says Margins to Shrink as Incentive Costs Rise

(Bloomberg) — Caterpillar Inc. reported second-quarter earnings that topped analysts’ estimates amid surging demand and higher prices for the company’s diggers, bulldozers and trucks, but the company’s finance chief said rising costs will put a dent in margins going into the third quarter. The world’s biggest maker of mining and construction equipment reported adjusted second-quarter […]

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Go Dutch with Bill Ackman

I’m recommending little-known Pershing Square Holdings Ltd. (PSHZF) of the Netherlands; this is Bill Ackman’s largest investment vehicle, structured as a closed-ended fund with about $10 billion of net assets, notes Carl Delfeld, a leading international investing specialist and editor of Cabot Explorer. Ackman, a well-known value investor, founded Pershing Square Capital Management in 2004 with $54 million, much […]

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How to Have a Retirement Worth Saving For

Most advice about retirement planning focuses on how to save enough money to replace your paycheck. But work provides us with a lot more than income. Many of us get a sense of meaning, accomplishment and even identity from what we do. Work also provides social connections and a structure for our days. Losing all […]

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Exxon and Chevron Ride Plastics Boom to Cash-Flow Bonanzas

(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. swung to their biggest profits since pre-pandemic days amid surging demand and prices for plastics and energy. Exxon reported $4.69 billion in profit, the best quarter since late 2019, as its chemical division turned in a record performance. Chevron’s $3.1 billion second-quarter net income was its strongest […]

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Bitcoin Drops After $1.6B Monthly Options Expiry

Bitcoin faced selling pressure on Friday after Deribit, the world’s largest crypto options exchange by volume and open interest, settled monthly options contracts worth $1.6 billion. The cryptocurrency slipped from $39,800 to $38,500 after 08:00 UTC, the designated settlement time on Deribit. A total of 41,000 contracts expired, of which 22,000 were calls options, and […]

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4 reasons why Amazon stock is getting nailed

Amazon's second quarter underscored its ongoing dominance in all things retail and cloud services, but some squishy aspects to the earnings release have investors in profit-taking mode.  Shares of the tech beast dropped more than 6% in pre-market trading on Friday after the company surprisingly missed on sales estimates. Several factors in the report are […]

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