Liquidity is returning to the market after the weekend, EUR/USD has come off its earlier lows and USD/JPY continues powering ahead (as an aside, 101.50 the next resistance level in this pair).
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TPL boasts 31.3% revenue growth & 94.9% gross margin; APG shows 18.6% revenue growth. COO lags with muted growth & falling FCF.
The US Senate voted 50-47 to advance a war powers measure that would require Congressional approval before further strikes on Iran, with four Republican senators breaking ranks to support the motion. Doesn't matter.
LULU's 57.9% gross margin & 21.7% operating margin shine, while CABO & VNT show waning returns & falling sales.
ArcelorMittal cashes in on Vallourec stake, realizing 10% gain & returning $667M to shareholders via buybacks.
Mortgage rates jump 0.75% since war's start. Borrowing costs hit July highs, impacting housing market.
FIX, MCO, AJG show strong cash flow margins & growth. Valuations vary: FIX 46.5x P/E, MCO 25.3x, AJG 14.4x.
30-yr Treasury yields hit 5.19%, highest since 2007. Inflation fears spark bond selloff, dividing investors.
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