Good MorningThe market correction took on a new tone last week after a much hotter than expected CPI report. The consumer price index rose by 0.6% from last month and 7.5% from last year to set the fastest pace of price increases in four decades. The news compounds other data that point to aggressive interest rate hikes from the FOMC. The odds of at least two 25 basis point hikes have risen to near 75% for the March meeting, up significantly from an expectation of no rate hikes in March just a month or two ago.
This week will bring a raft of economic data including retail sales and the PPI. Retail sales are expected to increase on a YOY basis but much if not all of the increase will be due to inflation. The risk is that consumer activity is on the decline due to rising prices and may come in short of expectations. If the PPI data is hot as well it will only increase the outlook for inflation, FOMC interest rate hikes, and worsen the outlook for corporation earnings power. Featured: Meet K.I.R.A. (The AI assistant leveling the playing field for retail) (Ad) 
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Finance | |
Popular market trading fintech Robinhood (NASDAQ: HOOD) stock collapsed to $9.94 after peaking at $85 after its much anticipated IPO debut. Robinhood was instrumental in ushering in the age of zero-commission trading. However, it also brought on scrutiny in the controversial practices of order flo... Read the Full Story |
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From Our Partners | | Elon Musk is backing a new AI startup that's quietly growing faster than Tesla, SpaceX, and reportedly 23 times faster than Nvidia, according to Jeff Brown of Brownstone Research.
The company recently filed paperwork for what could become the next major IPO on Wall Street. Investors can explore how to claim a pre-IPO stake for as little as $50 before shares go public. | | See the startup's name and pre-IPO details now |
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Markets | | Global coffee products retailer Starbucks (NYSE: SBUX) stock has been basing in a shallow range setting up for another breakout heading into earnings season. The popular restaurant chain saw worse than expect results in its fiscal Q1 2022 results. The Omicron variant severely impacted top and bottom... Read the Full Story |
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Consumer Discretionary | |
There’s beating earnings estimates…and then there’s crushing earnings estimates. Both are generally favorable events for longs. Yet it is the earnings crushers that make the biggest statements to the market.
Within the past week, 39 S&P 500 companies surpassed the consensus... Read the Full Story |
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From Our Partners | | A small income fund is turning AI stock holdings into weekly cash payouts. The last three Thursdays paid out 252, 264, and 259 dollars.
That works out to a 34 percent annualized distribution rate, drawn from AI stocks that pay no dividends of their own.
A free video presentation breaks down how the fund works and how to add it to a brokerage account. | | Watch the free video to see how the fund works |
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Finance | |
Can't remember the last time you went to the grocery store and paid a reasonable price for steak, chicken, eggs, mayonnaise and cereal? It can wipe out your entire grocery budget in about a second.
Defensive stocks to the rescue. They can help you during high-inflation periods and downed cycles, ... Read the Full Story |
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Consumer Discretionary | |
These Travel Stocks Could Be Ready to Take Off
Keeping things simple when it comes to investing is always a good idea, as it's fairly easy to overcomplicate things in financial markets. That’s why looking at travel stocks as the industry is poised for a rebound makes a lot of sense at this... Read the Full Story |
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From Our Partners | | The federal government is throwing its full support behind a new class of AI technology, in what's being called the biggest push since the Apollo moon landing.
This AI reportedly works 10,000 times faster than human PhDs and could eventually be worth 500 times more than ChatGPT. Elon Musk has called the underlying tech the most disruptive force in history. | | Discover the stock positioned to benefit as this AI initiative accelerates |
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Industrials | | Shares of ride hailing titan Uber (NYSE: UBER) have been under significant pressure since this time last year, having had their price cut almost in half. This time last year they were trading at all time highs, but it’s been death by a thousand cuts for investors since. For a few days last mon... Read the Full Story |
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Consumer Discretionary | |
The Bottom Is In For Newell Brands
After correcting more than 30% over the course of several quarters it looks like the bottom is in for Newell Brands (NASDAQ: NWL). Not only did the company exceed its quarterly estimates but it also has strong institutional support. The institutions have been p... Read the Full Story |
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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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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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Monday's Early Bird Stock Of The Day Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, collection ads, dynamic ads, story ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California. | | View Today's Stock Pick |
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