Good MorningMarkets were mixed on Wednesday, moving first lower on fears of inflation and then higher after the FOMC minutes showed the committee ready to raise interest rates and begin shrinking its balance soon. What the minutes did not show was the possibility of two 25 basis point hikes at the March meeting as the most recent data has suggested. While the market reacted favorably to the news, traders and investors are warned not to read too much into the minutes or the market's reaction because the stock market correction is not yet over.
In other news, the Retail Sales figures for January were much better than expected and show sales up more than 3.0% over last year. The takeaway, however, is that consumer-level inflation is running at a near 10% pace YOY which means the gains in sales are nothing more than price increases. The good news is that inflation is expected to tame in the second half and that should take some of the pressure off of the consumer. Featured: America's Next Crisis: Buried On Page 314 Of Pelosi's Bill? (Legacy Research) 
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Politics | | | Stocks shook off an early slump and ended mixed on Wall Street Wednesday after minutes from the Federal Reserve’s latest meeting showed policymakers still leaning toward moving decisively to fight inflation Read the Full Story |
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Politics | | | China has rejected a U.S. accusation that Beijing is failing to live up to its market-opening commitments in a new round of complaints as companies wait for the two governments to restart talks on ending a tariff war Read the Full Story |
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Markets | | | Japan racked up a 2.2 trillion yen ($19 billion) trade deficit last month, an eight-year high, as the cost of energy imports soared, the government said Thursday.
The Finance Ministry said exports edged up 9.6% in January from the same month the previous year. Imports jumped 39.6%, r... Read the Full Story |
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From Our PartnersHelium is quickly becoming one of the most valuable resources on the planet. It has already skyrocketed 160% in the past few years… and investors say this is just the beginning. That's why investors are calling this company's recently discovered land: "The Saudi Arabia Of Helium.". | | Read The Full "Helium Saudi Arabia" Report NOW! |
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Stocks | | | Billions of dollars are already being committed to build the metaverse which makes Matterport a solid long-term speculative stock. But the future is not here yet, so investors should be realistic about the short-term growth of MTTR stock. Read the Full Story |
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Tech | | | Visa Inc. and Amazon.com Inc. announced an agreement Thursday that allows customers to use Visa cards on Amazon sites worldwide without additional fees.
The companies also agreed to collaborate on product and technology initiatives for “innovative payment experiences,” Visa said in an... Read the Full Story |
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Politics | | | The leader of the Federal Aviation Administration, whose agency has been criticized for its oversight of Boeing and handling of questions surrounding 5G interference with aircraft, said Wednesday he will step down March 31.
Stephen Dickson, a former pilot and executive with Delta Air ... Read the Full Story |
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Stocks | | | Roblox (NYSE: RBLX) came on to the scene with a fanfare of expectations that are still in the picture but more elusive than the market first priced in. Those expectations, and the subsequent dose of reality, sent shares first to the moon and then to the bargain basement where they are now. Read the Full Story |
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Markets | | | Shares of social media titan Twitter (NYSE: TWTR) are up more than 12% since the end of last month, and have had more green days in the three weeks since than their stock has had since last summer. That was shortly after shares hit an all time high and investors were expecting them to crack on with ... Read the Full Story |
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Experience management system provider Qualtrics International (NYSE: XM) stock has bounced after bottoming at the $21.72 level. The Company was spun-off from SAP (NYSE: SAP) several years ago and is coming into its own. While it is yet to turn profitable, it has provided forecast to reach breakeve... Read the Full Story |
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Stocks | | | Those who’ve been reading Marketbeat.com for a while will know that we are fond of the U.S. furniture industry including Haverty Furniture Company (NYSE: HVT). Suffice it to say that these are, generally speaking, healthy companies, and industry fundamentals had them ahead of the game in terms of the supply chain log-jam, and business is supported by secular tailwinds. Read the Full Story |
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Thursday's Early Bird Stock Of The Day BioVie Inc., a clinical stage biopharmaceutical company, engages in the discovery, development, and commercialization of drugs for the treatment of chronic debilitating conditions in the United States. Its products pipeline includes BIV201, which completed Phase IIa clinical trial for the treatment of ascites caused due to chronic liver cirrhosis; and NE3107, a potentially selective inhibitor of inflammatory extracellular single-regulated kinase, which is in Phase III clinical trial for the treatment of patients with mild to moderate Alzheimer's disease, as well as Phase 2 clinical trial for the treatment of Parkinson's disease. The company was formerly known as NanoAntibiotics, Inc. and changed its name to BioVie Inc. in July 2016. BioVie Inc. was incorporated in 2013 and is headquartered in Carson City, Nevada. | | View Today's Stock Pick |
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