Good MorningEquities took a tumble on Tuesday on rising fears of inflation. Rising commodity costs, higher freight costs, and upward pressure on wages and retention costs are driving record numbers of S&P 500 companies to hike their prices. With higher inflation comes higher interest rates and that is what has the market under pressure. While the FOMC has repeatedly said it won’t raise rates for an extended period of time, the risk is that inflation is already out of control and will force the committee to act sooner than expected.
Wednesday’s CPI figures are expected to show a modest rise in Consumer Inflation but could come in hotter than expected. A figure like March’s up 0.6% could be the spark that sends this market into a tailspin. If so, the best targets for firm support are about 5.0% below Tuesday’s close and a deeper correction is possible.
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Consumer Discretionary | | Gaming stocks are a mixed bag these days, with recent S&P 500 addition Penn National Gaming (NASDAQ: PENN) in a correction, while another new S&P component Caesars Entertainment (NASDAQ: CZR), is trading at new highs.
Meanwhile, smaller companies from the gaming industry, such as Golden En... Read the Full Story |
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Markets | | With volatility on the rise and heavy rotation occurring in sectors all over the market, investors are probably trying to figure out where they can safely put some of their capital to work at this time. That’s why looking at conservative dividend-paying stocks makes a lot of sense. Since many ... Read the Full Story |
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Markets | | Hardware and information technologies solutions provider Dell Technologies (NASDAQ: DELL) stock has been a pandemic winner but is proving itself to follow through as a re-opening play as well. The Company continues to evolve with its APEX as-a-service (AaaS) accelerating the legacy hardware provider... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Consumer Discretionary | | Cruise ship operator Carnival Cruise Lines (NYSE: CCL) stock has been recovering off its pandemic lows as COVID vaccinations accelerate and re-openings spread. The cruise industry was a major epicenter during the pandemic, the rush back into value away from growth stocks is evidenced by growing opti... Read the Full Story |
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Markets | |
Two Gaming Stocks With Secular Tailwinds To Drive Them
With the legalization of online gaming slowly spreading across the U.S. gaming stocks like Draft Kings (NASDAQ: DKNG) have been getting all the attention. While Draft Kings is the hottest thing in U.S. digital sports betting it is not the on... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
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Construction | | Sometimes, trading and investing don’t need to be overly complicated. For example, lumber prices have doubled so far in 2021 and are up over 300% from last year. With lumber demand expected to remain steady in the coming months, companies that are involved in producing this commodity could see... Read the Full Story |
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Markets | |
When my husband's 401(k) mailings show up in the mail, I love it because the company that takes care of his 401(k) makes all of it very interesting to read. Boy, have companies come a long way from the prospectus-like summaries of your investments. They make saving for retirement sound like a giga... Read the Full Story |
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Consumer Discretionary | |
The Walt Disney Company (NYSE:DIS) reports earnings after the market closes on May 13. Many eyes will be watching the new subscriber numbers for Disney+, the company’s streaming service. And with good reason. The House of Mouse is now a legitimate competitor in the streaming wars. Favorable ... Read the Full Story |
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Consumer Discretionary | |
Roblox, A Diversified Play On Gaming
Roblox (NYSE: RBLX) made a splash earlier this year when it went public because it is a diversified play on gaming and gives some great exposure to the mobile market. The company operates in three segments that provide games and entertainment to clients, a pl... Read the Full Story |
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Retail/Wholesale | |
Wendy’s (NASDAQ:WEN) will report earnings on May 12 before the market opens. The whisper number suggests the company will narrowly beat on the bottom line with earnings per share (EPS) coming in at 15 cents per share which is a penny higher than the consensus estimate of 14 cents. The compan... Read the Full Story |
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The Early Bird Stock Of The Day Healthcare Realty Trust, Inc. provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R. Emery in 1992 and is headquartered in Nashville, TN. | | View Today's Stock Pick |
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