Good MorningEquities tumbled on Wednesday as rising fears of inflation and economic headwinds overcame the outlook for 2nd half gains. The fear was stoked last week by hotter than expected reads on CPI and PPI that have since been compounded by weak data from the housing sector. The combination of weaker than expected data and rising inflation puts the FOMC in a precarious position and could lead to higher interest rates much sooner than expected.
Wednesday trading took the S&P 500 down more than 1.0% at the low of the session. The market was able to claw back some of the losses before the close of the day. The biggest losses were in the industrial and transportation names, names that have been leading the market up until now. Thursday’s action may heat up again with key data from the labor market, the Philly Fed’s Business Outlook Survey, and the Index of Leading Indicators on tap.
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Markets | |
Families spent an average of $30,017 on college during the 2019-2020 academic year, according to the Sallie Mae report How America Pays for College.
More than one-third of families used a college savings account such as a 529, which is up from 21% in 2018-2019.
If you look closer at the report, ... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Staples | | All of the big-box retailers like Target (NYSE:TGT) have several similar qualities that set them apart from traditional stores. For example, they usually have large physical locations, are part of a chain of stores, and offer a huge variety of different products and services that are available for c... Read the Full Story |
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Consumer Staples | |
We Want To Buy More Target But At Lower Price
Target (NYSE: TGT) has had a fantastic 2020/2021 months and for good reason. The company’s strategy had it aligned to meet consumer needs so when the pandemic struck Target was ready for business. Since then the company has produced a sustained... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Consumer Discretionary | | Shares of Under Armour (NYSE: UA) gapped lower Wednesday after a judge in Baltimore, where the company is based, said shareholders could sue the company for concealing how revenue was reported in 2015 and 2016.
Although that’s not great news for the company, most of the stock’s movement... Read the Full Story |
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Healthcare | |
It's been another tough week for U.S. stocks. Despite reassurances that rising consumer prices are "transitory", the market continues to grapple with the notion that a spike in inflation could force the Federal Reserve's hand.
An accommodative Fed was the primary driver of the longest bull market... Read the Full Story |
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From Our Partners | | SpaceX just went public - and Whitney Tilson, Harvard MBA and 30-year Wall Street veteran, says buying in could be a costly mistake. He calls it among the most overhyped, overvalued large-cap offerings ever pushed onto everyday investors.
Tilson believes a rare economic event is approaching - one with serious consequences for your portfolio this summer. He has prepared a free analysis outlining what he sees and the specific steps he recommends taking now. | | Read Tilson's free analysis and find out what to do with your money |
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Consumer Discretionary | |
The Container Store Is Accelerating Into Fiscal 2022
The Container Store (NYSE: TCS) has what every growth stock needs and few have at this point in the market cycle: a very bright outlook. The company reported not only robust growth but growth above the consensus and accelerating growth both seq... Read the Full Story |
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Consumer Staples | |
A Great Quarter For Walmart But Headwinds Are Growing
Walmart (NYSE: WMT) had a great quarter. The problem we have with the stock right now is akin to what we’re seeing in Home Depot and other big-name retailers. The Q1 results were so good, even in the face of tepid employment gains, we s... Read the Full Story |
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Energy | | Offshore oil and gas drilling giant Transocean (NYSE: RIG) stock is starting to awaken after years of brutal selling from a high of $163 in 2015 to lows of $0.65 in 2020. The global decarbonization movement and migration towards clean energy solutions has not been a favorable environment for the oil... Read the Full Story |
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Finance | | If you aren’t familiar with quarterly 13F filings, they are a quarterly report that needs to be filed by all institutional investment managers with at least $100 million in assets under management. The goal here is to provide transparency and allow all market participants to see what big funds... Read the Full Story |
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Markets | |
I used to work for a higher educational institution, and 403(b)s were all the rage there. I happily invested in the college's 403(b) and stuck to it for 12 years.
Then, when I left my job, I transferred my money from a 403(b) into a traditional IRA. I took another job (a corporate job) and start... Read the Full Story |
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The Early Bird Stock Of The Day AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in the beef cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, such as self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Fendt, GSI, Massey Ferguson, Precision Planting, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia. | | View Today's Stock Pick |
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