Good MorningEquities went on a bit of a wild ride on Tuesday first falling and then moving higher later in the day. The NASDAQ Composite led the day with a gain greater than 10% as tech bounces back. The caveat is that interest rates are still going to rise so the threat posed to the tech sector remains. In other news, FOMC Cheif Jerome Powell indicated to congress his commitment to raising interest rates in order to combat inflation.
The CPI data comes out today and will be the driving force of the market. The market already expects to see consumer inflation accelerate on a YOY basis, the only question is by how much. If the data comes in much hotter than expected it will accelerate the market’s timeline for rate hikes if not the FOMC’s.
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Markets | |
Adaptive network solutions provider Ciena Corporation (NYSE: CIEN) stock exploded higher on its fiscal Q4 2021 earnings release hitting multi-year highs. The optical fiber leader is benefitting from the 5G buildout and digital transformation among the 30 largest global carriers. The Company is exp... Read the Full Story |
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Medical | |
OrganiGram Gave The Market What It Wanted
We were only interested in one thing, really, when it came to OrganiGram’s (NASDAQ: OGI) FQ1 performance and that was profitability. We weren’t expecting the company to turn a profit but we wanted news on when it might be profitable because t... Read the Full Story |
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Consumer Staples | |
The S&P 500 consumer staples index has continued to soar. Since a peak in economic growth and the potential for higher market volatility puts downward pressure on cyclical sectors, consumer staples' earnings profile and defensive approach could give your portfolio a lift.
Why else should you... 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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Industrials | |
Demand For Performance Metals Products Drives AZZ, Inc
Demand for metals, metal products, and metal-related services is high throughout the supply chain so we are not surprised to see AZZ, Inc (NYSE: AZZ) performing well. We are surprised, dismayed rather, to see those same forces driving the bu... Read the Full Story |
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Business Services | |
Institutions Put A Bottom In Schnitzer Steel
Insiders, through no fault of their own, put a cap on share prices for Schnitzer Steel (NASDAQ: SCHN) last year. In four transactions, 2 CFO’s and 2 senior VP’s sold some 29,000+ shares worth about 1.0% of the shares outstanding. The amoun... 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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Transportation | |
The Greenbrier Companies, Inc Recovery Is Well Underway
The Greenbrier Companies, Inc (NYSE: GBX) has yet to recover its pre-pandemic revenue levels but the recovery is well underway. The company just reported the 4th consecutive quarter in which new orders outpaced deliveries and the backlog gr... Read the Full Story |
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Technology | |
After leading the market to record highs in 2021, the technology sector is the biggest underperformer to start the new year. As investors witnessed last year, when Treasury yields surge such as they have in recent weeks, high growth companies like tech are among the hardest hit.
At the same time,... Read the Full Story |
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Business Services | |
Acuity Brands Falls On Revenue, Margin Strength
Acuity Brands, Inc.’s (NYSE: AYI) post-earnings release fall in share prices can only be viewed as a buying opportunity because this company is giving the market what it wants when few are able to do so. Acuity Brands is not only growing the t... Read the Full Story |
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Energy | |
It’s been a tough start to 2022 for the U.S. stock market. Concerns about rising Omicron cases and sooner than expected interest rate hikes have put the S&P 500 in a 3.6% hole just one week into the new year.
Not all sectors have performed poorly though. Energy and financial stocks are ... Read the Full Story |
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Retail/Wholesale | |
Institutional Activity Puts Bottom In PriceSmart
PriceSmart (NASDAQ: PSMT) proved to be a real pandemic winner over the last two years but share prices got of control, at least in terms of the valuation. Now, after a prolonged 8-month sell-off, shares are more reasonably priced at 20X earnings an... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit. It also offers commercial and industrial, commercial multi-family, commercial real estate, and residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases. In addition, the company provides investment banking, auto and equipment leasing and financing, broker-dealer, and insurance services; debit cards; and online banking services. Popular, Inc. was founded in 1893 and is headquartered in Hato Rey, Puerto Rico. | | View Today's Stock Pick |
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