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US Dollar
-0.271 -0.35%

Stocks Edge Higher On Mixed Earnings

Hello MarketClub members everywhere. As we wrap up the week Stocks are heading slightly higher today and looking to close out the week on a high note. The rally has been led by the telecom sector. AT&T Inc. (NYSE:T) was up 1.5 percent after its earnings results. Verizon Communications Inc. (NYSE:VZ) rose 1 percent as news broke that Verizon is the front-runner for Yahoo's core business after outbidding others including AT&T. Conversely Yahoo! Inc (NASDAQ:YHOO) was up 1 percent as well.

MarketClub's Mid-day Market Report

Looking ahead to next week the question is, what will the Fed do? All signs point to The U.S. Federal Reserve keeping interest rates on hold Wednesday, but investors will be looking for hints about the Feds next move.

The next move is still seen as an increase in rates. But even as concerns over Brexit ease the U.S. election is drawing closer, likely pushing back action towards the end of the year and possibly limiting the Fed to a single hike in 2016, a far cry from its early-year estimate for four moves.

Key levels to watch this week: [Read more...]

Happy Independence Day, America!

INO.com wishes all of our fellow Americans a happy 4th of July.
Our offices are closed today, out of respect and celebration, but we
will be back on schedule Tuesday the 5th. In the meantime, feel free to
email us at support@ino.com.

Every success,
The INO.com Team

Brexit: The Pound Will Survive, The Euro Will Not

Lior Alkalay - INO.com Contributor - Forex

Friday, June 24th will be remembered as a Black Day for the British Pound. On that day, investors, shocked by the “leave” vote for Brexit, pushed the Pound off a cliff, toward its worst daily loss since 1985. And yet, despite the Pound being at the eye of the storm after the Brexit vote, it’s not the Pound’s future that investors should fear.

Brexit Impact On The Pound Sterling

The impact Brexit will have on the Pound should be divided into two ranges—short to mid-term and long-term.

In the short to mid-term, it’s undeniable that the Pound will face significant and broad pressures—monetarily, fiscally and economically. The Bank of England will likely need to deploy extra liquidity measures to assure stability in the financial system which, effectively, is monetary easing. From a political standpoint, uncertainty has increased dramatically. On Friday, the UK Prime Minister, David Cameron, resigned, and his “heir apparent” is still unclear. But even more, troubling is the future of Scotland within the United Kingdom. The Scots will be compelled to cast another vote, this time on their willingness to leave the United Kingdom and stay with the European Union. [Read more...]

Brexit Poll: Will They Stay or Will They Go

Today is finally the day. Britain's long-awaited referendum on whether or not the U.K. exits the E.U. will finally happen. After months of polls showing that a narrow majority of Britons favored staying with the E.U., recent surveys have shown the country's voters leaning toward leaving the 28-nation E.U. despite the potential for strong economic aftershocks in the U.K. and across the world. What is certain is that global markets are likely to see heavy trading on Friday, as investors adjust their holdings based on Britain's decision.

Which leads me to today's poll question:

Will Britain leave the European Union?

View Results

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As always, I would love to hear your thoughts on the subject. Please take a moment to vote and then leave a comment.

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

What's Up With Pfizer And Gold

Hello MarketClub members everywhere!

Having been born and raised in Great Britain, I occasionally look at the British newspapers for a different viewpoint on world events. I was recently surveying some of the British newspapers for news on Brexit when I came across an interesting article on research that is being done in Great Britain on Pfizer's famous blue pill.

MarketClub's Mid-day Market Report

Pfizer Inc. (NYSE:PFE): The drug Viagra could soon be used to treat hundreds of thousands of heart failure patients and even prevent fatal heart attacks, say scientists. [Read more...]

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