Good MorningEquities sold off again on Monday as fears of a major recession grow. Not only was there hawkish Fed commentary to move the market but JPMorgan CEO Jamie Dimon is once again predicting a recession. He says the US will fall into recession within 6 to 9 months and that it could take the S&P 500 down another 20% or more. On the flip side, Fed president Lael Brainard thinks there are already signs of improvement within the economy and those comments helped the S&P 500 close off the lows of the session.
This week's hurdle for the market is still to come, however, with the PPI and CPI both due out later this week. The market is expecting to see core consumer inflation cool on a month-to-month and YOY basis and it may be disappointed. The last read on PCE prices showed a surprise increase and there are still indications of rising prices from within the S&P 500 itself. A hot number would be bad for the market and could lead it to set a new low by the end of the week. Featured: Forget Tesla: This ticker could double it (Ad) 
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One the worst performing and least-traded groups of 2022, the cannabis sector has suddenly caught fire.
The spark that has investors dabbling in weed stocks again was not a blockbuster earnings report or social media hype. Instead, it came from President Joe Biden.
On Thursday, Biden announced s... Read the Full Story |
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From Our Partners | | Bitcoin just smashed through $122,000 — exactly as crypto analyst Juan Villaverde predicted.
Now he says it’s headed for $150K… but believes one lesser-known coin could outperform Bitcoin entirely. He’s sharing the name and setup behind it — just as we enter what he calls the biggest crypto bull run in history. | | See the coin Juan says could beat Bitcoin in this bull market |
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Markets | | |
Tesla Inc. (NASDAQ: TSLA), the undisputed electric vehicle (EV) heavyweight, has taken its share of punches.
A series of negative headlines have dragged the stock to its lowest level since the 3-for-1 split and down more than 30% year-to-date. The elevated trading volume during the downturn... Read the Full Story |
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Markets | | | Stocks are closing lower on Wall Street ahead of the beginning of the corporate earnings reporting season, which will provide insight into how high inflation and rising interest rates have been affecting U.S. companies Read the Full Story |
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From Our Partners | | Your account is not currently signed up for MarketBeat's free Monday morning stock ideas. Our team is going to be releasing an important pick on Monday morning and we want to make sure that you are able to see it. | | Add your name to the distribution list here |
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Markets | | | Packaged food and beverage maker Campbell soup stock is one of the rare stocks that remains green for the year, up 6.5% versus the SPDR S&P 500 ETF (NYSEARCA: SPY), which is down -24% in 2022. The Campbell Soup Company (NYSE: CPB) has expanded its products beyond soup, enabling it to appeal... Read the Full Story |
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Tech | | | Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks.
Taiwan dropped 4.4% after reopening from a holiday in the first trading session since the U.S. imposed new limits on exports of semiconductors and chip-making equipment to C... Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Markets | | | Global media entertainment giant Paramount Global (NASDAQ: PARA) has undergone an image makeover and rebranding after its stock collapsed as ViacomCBS. Hoping to shed its controversial past with the Redstone family drama and the Archegos Capital Management $20 billion blowup, the company has emerged... Read the Full Story |
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Politics | | | The U.S.'s third largest railroad union rejected a deal with employers Monday, renewing the possibility of a strike that could cripple the economy. B oth sides will return to the bargaining table before that happens.
Over half of track maintenance workers represented by the Brotherhoo... Read the Full Story |
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Politics | | | The Austrian government said Monday it has filed a legal complaint with the European Union's top court over plans by the bloc's executive branch to label natural gas and nuclear power generation as sustainable energies.
Austria's environment minister, Leonore Gewessler, warned that th... Read the Full Story |
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Markets | | | Distraught families whose loved ones died in Air France’s worst-ever crash have shouted down the CEOs of the airline and of planemaker Airbus as the two companies go on trial on manslaughter charges in Paris over the 2009 crash Read the Full Story |
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Kate’s guest on The MarketBeat Podcast this week is Brian Mulberry, client portfolio manager at Zacks Investment Management. Brian brings three large-cap ideas today and discusses why one utility may have potential beyond the traditional role of a dividend payer. He also discusses why a very... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Lamb Weston Holdings, Inc. produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels. The company also provides its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers' own brands. In addition, it engages in the vegetable and dairy businesses. The company sells its products through a network of internal sales personnel and independent brokers, agents, and distributors to chain restaurants, wholesale, grocery, mass merchants, club and specialty retailers, businesses, educational institutions, independent restaurants, regional chain restaurants, and convenience stores. Lamb Weston Holdings, Inc. was incorporated in 1950 and is headquartered in Eagle, Idaho. | | View Today's Stock Pick |
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