Good MorningEquities reversed course again on Thursday as geopolitical tensions came back to a simmer. The crisis in Ukraine is at the heart of events and it could boil over at any time. Conflicting reports have each side shooting at the other and nothing confirmed. The takeaway for the market is that this crisis is not going away and that it will likely impact market action over the next week if not longer.
In economic news, jobless claims rose more than expected and counter to seasonal expectations while on the housing front, permits and starts were a mixed bag showing the impact of high demand and tight supply. Friday's market action will likely be driven by the index of leading indicators which is expected to show cooling from the previous month. The S&P 500 is down about 8.3% from its all-time high and within striking distance of setting a new low. If the index falls below 4,300 it could easily shed another 500 points within days. Featured: Top Options Strategies For Volatile Markets (NetPicks) 
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Politics | | | The Philippines has followed New Zealand’s decision to reject the inclusion of Myanmar in the world’s largest free trade pact as international opposition to the military takeover that sparked violence and democratic setbacks in the Southeast Asian nation broadened into trade and diplomatic sanctions... Read the Full Story |
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Politics | | | Stocks and bond yields fell sharply Thursday on Wall Street as escalating worries over the possibility that Russia may invade Ukraine rattled global financial markets.
The S&P 500 fell 2.1%, its biggest drop in two weeks and first decline in three days. The Dow Jones Industrial A... Read the Full Story |
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Stocks | | |
In the world of stock investing, there is capital appreciation and then there is income. The former is a fancier term for the growth component of an equity investment. The latter refers to the dividend payments that some companies make to shareholders.
Wouldn’t it be great to have your cake... Read the Full Story |
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Markets | | |
The latest earnings report confirms that PLTR stock is a buy for only the most patient investors
Palantir (NYSE:PLTR) picked the wrong day to disappoint on earnings. PLTR stock is down over 11% after the big data company’s earnings per share came in lower than expected. This was more ... Read the Full Story |
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Markets | | | Price action in Walmart (NYSE: WMT) trended strongly higher in the wake of the pandemic but hit a top last year that resulted in reversal. This reversal, as so many are, altered the trend from up to sideways putting the stock in a firm trading range. Read the Full Story |
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Politics | | | Former President Donald Trump must answer questions under oath in New York state’s civil investigation into his business practices, a judge ruled Thursday.
Judge Arthur Engoron ordered Trump and his two eldest children, Ivanka and Donald Trump Jr., to comply with subpoenas issued in ... Read the Full Story |
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Tech | | | U.S. auto safety regulators have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason.
The government says it has 354 complaints from owners during the past nine months about “phantom braking" in Tesla Models 3 a... Read the Full Story |
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Markets | | | Walmart muscled through rising inflation, a snarled global supply chain and surging costs related to COVID-19 sick leave among its workers to deliver strong fourth quarter results Thursday.
The nation's largest retailer, based in Bentonville, Arkansas, also delivered on Thursday an u... Read the Full Story |
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Markets | | | NVIDIA (NASDAQ: NVDA) shares moved lower in the wake of the company’s very strong Q4 results because concern over margins emerged that we think is entirely overblown. The company expanded margin and produced record-setting results for Q4 and FY2021 and is guiding those margins to be flat on a YOY. Read the Full Story |
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Markets | | | Electronics manufacturer Celestica (NYSE: CLS) stock has shown exceptional relative strength trading up nearly 10% for 2022. Celestica is outperforming the benchmark indexes and is poised to breakout higher. The Company is thriving during the supply chain and logistics disruption as it provides sour... Read the Full Story |
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Friday's Early Bird Stock Of The Day PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. This segment sources residential conventional and government-insured or guaranteed mortgage loans through correspondent production, consumer direct lending, and broker direct lending. The Servicing segment performs loan servicing for both newly originated loans that are under holding for sale and loans services for others. The segment performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; responds to customer inquiries; provides accounting for principal and interest; holds custodial funds for the payment of property taxes and insurance premiums; counsels delinquent borrowers; and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. The company was founded in 2008 and is headquartered in Westlake Village, California. | | View Today's Stock Pick |
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