Good MorningThe rebound in equities reversed course on Thursday following some hotter than expected inflation data. The CPI reading for January shows prices advanced 0.6% for the month on a headline and core basis, or 0.2% hotter than expected on both counts. The month-to-month gains were accompanied by acceleration on a YOY basis as well with core CPI up 6.0% from last year. This marks the 10th month of hot and rising inflation and puts increased pressure on the FOMC to act and act quickly. Fed President James Bullard came out with comments in the wake of data saying he favored 100 basis points of interest rate increases by June including a 50 basis point increase to start.
The SPX fell on the news, confirming resistance at the short-term moving average and the most recent peak in prices, putting the market in danger of a retest of the recent lows. If the market is not able to hold those lows a much deeper correction, perhaps as much as 10% more, could come within weeks. Featured: 25 candidates screened. 5 made it. (Ad) 
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Markets | |
Data storage solutions company Western Digital (NYSE: WDC) stock collapsed on lowered guidance and the sell-off in the benchmark indexes. The sequential lowered guidance is troubling for investors despite having beaten earnings estimates by $0.18 per share. Investors are questioning whether the Co... 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.
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Technology | |
Whether you’re looking to strengthen your portfolio through diversification or create new rivulets toward a raging waterfall of growth (see the symbolism?), international stocks can have a heavy hand in getting you there.
International economies have created a new global middle class, whic... Read the Full Story |
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Healthcare | |
These Dogs of the Dow Deserve Your Attention
It’s likely that there’s never been a more important time for investors to explore adding dividend stocks to their portfolios. With U.S. inflation climbing 7.5% in January according to CPI data, economists are becoming increasingly concerne... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
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Industrials | |
Supply Chain Hurdles Cut Deep Into iRobot Results
iRobot (NASDAQ: IRBT) performed exactly as we expected them to, the bad news is that we were expecting supply chain issues and microchip shortages to curtail the results and they did. The company estimates the issues cost them $35 million in unfu... Read the Full Story |
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Consumer Discretionary | |
Canada Goose Gets Its Wings Clipped
While insiders at Canada Goose (NYSE: GOOS) have not made any transactions since late November 2021 their activity at the time suggests they (some of them at least) were expecting the weakness just seen in the Q3 earnings release. It’s hard to track down... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
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Healthcare | |
Investors should remember that in times like this the best offense can be a good defense
The rate of U.S. inflation climbed again in January to 7.5% and stayed at a 40-year high. And the consumer price index (CPI) increased by 0.6% which was also above expectations.
This was a case of data ou... Read the Full Story |
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Consumer Discretionary | |
Kellogg Company Exceeds Consensus Despite Headwinds
Kellogg Company (NYSE: K) has been on our radar the last few years because of pandemic tailwinds but, more importantly, the yield-to-value that it offers to investors. The company is a high-yield and deep-value relative to other consumer staple... Read the Full Story |
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Consumer Staples | |
But PepsiCo Is Still The Better Choice Versus The Coca-Cola Company
We absolutely by no means want anyone to think that The Coca-Cola Company (NYSE: KO) is not a good company, PepsiCo (NASDAQ: PEP) competition or not. The Coca-Cola Company is a blue-chip operator that pays a very healthy and hig... Read the Full Story |
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Communication Services | | Meta (NASDAQ: FB), previously known as Facebook, has had a horrible start to February. Since reporting Q4 earnings on the second day of the month that surprised investors in a bad way, their shares have collapsed as much as 30% in just a few sessions. To be sure, this is a brutal fall from grace for... Read the Full Story |
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Technology | |
Electronics manufacturing services company Flex (NASDAQ: FLEX) stock has fended off much of the market correction in 2022. The third-largest global electronic services manufacturer has been resilient despite the supply chain and logistics disruptions. Throughout the COVID-19 headwinds, Flex has co... Read the Full Story |
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Friday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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