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: Elon’s big $266,000 per second purchase (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 | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist 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 | | 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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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 | | 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.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Technology | | 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 Staples | |
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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Medical | |
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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