Asian stocks follow Wall St up as Powell says rates to rise . Global stocks, Wall St up after Powell says rates to rise . Do You Have These Consumer Staples in Your Portfolio? Check Out These Must-Haves in 2022.
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The Early Bird Newsletter

Wednesday, January 12th

Good Morning

Equities 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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Politics

Asian stocks follow Wall St up as Powell says rates to rise

Asian stock markets followed Wall Street higher on Wednesday after Federal Reserve chairman Jerome Powell said monetary policy would return to normal and interest rates might be raised earlier than planned. Shanghai, Tokyo, Hong Kong and Sydney advanced. Wall Street's b...

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Politics

Global stocks, Wall St up after Powell says rates to rise

Global stocks and Wall Street futures advanced Wednesday after Federal Reserve chairman Jerome Powell said U.S. monetary policy would return to normal and interest rates might be raised earlier than planned. London and Frankfurt opened higher. Shanghai, Tokyo and Sydney advanced. ...

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Markets

Do You Have These Consumer Staples in Your Portfolio? Check Out These Must-Haves in 2022

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 shoul...

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From Our Partners

The #1 Metaverse Stocks You Probably Aren't Invested In

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Markets

Japan minister aims to control COVID while achieving growth

The Japanese minister responsible for containing COVID-19 while steering the world’s third largest economy toward growth says he is confident he can carry out that precarious “balancing act.” “We know infectious diseases aren’t going away ever,” Daishiro Yamagiwa said Wednesday at th...

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Stocks

3 Large Cap Tech Stocks to Buy on Weakness

Some of the most compelling tech names on sale are those that are not just down sharply this year but have been in a downtrend since December. Given their likelihood to turn things around, here are three of the best down but not out tech names.

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From Our Partners

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Politics

EPA moves to crack down on dangerous coal ash storage ponds

The Environmental Protection Agency is taking its first major action to address toxic wastewater from coal-burning power plants, ordering utilities to stop dumping waste into unlined storage ponds and speed up plans to close leaking or otherwise dangerous coal ash sites

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Politics

Universal health care bill advances in California Assembly

California Democrats on Tuesday took their first step toward abolishing the private health insurance market in the nation’s most populous state and replacing it with a government-run plan that they promised would never deny anyone the care they need. But the proposal that cleared a le...

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Markets

Ciena Stock is Running on All Cylinders

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...

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Markets

This Is A Turning Point For OrganiGram 

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 that’s what it’s going to take to get the market to reverse.

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Markets

Mixed Results Sends AZZ, Inc Lower 

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 business hindering the results as well.

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The Early Bird Stock Of The Day

Wednesday: Stock With Upcoming Ex-Dividend

Popular, Inc.

Popular, Inc.

Popular, Inc. operates as a holding company. The firm engages in the provision of banking and financial services. It operates through the following segments: Banco Popular de Puerto Rico and Popular U.S. The Banco Popular de Puerto Rico segment includes retail, mortgage and commercial banking services. The Popular U.S. segment represents operations of the retail branch network in the U.S. mainland under the name of Popular. The company was founded on October 5, 1893 and is headquartered in San Juan, Puerto Rico.

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