Good MorningEquities tried to rebound in a volatile session on Thursday but the move was without much strength. The S&P 500 ended the day in the red if above the opening level and well off the lows of the day. The market is trying hard to build a base of support at the 4,200 level but it will likely be short-lived. The S&P 500 is about to experience a massive earnings-based re-evaluation that could take it down another 20% or more if conditions don't improve.
Among the driving factors for today's market is inflation. The CPI index came in well above expectation for February and points to not only mounting headwinds for the consumer but increasing pressure on corporate margins. The FOMC is expected to act to curb inflation at the March meeting but any move now carries as much risk for harming the economy as saving it. What this means for the market is still unclear but one thing is certain; the FOMC is going to hike interest rates in March and they may surprise the market with a bigger hike than is currently priced in. Featured: Special gold investment soars 2,300% ... 5,090% ... 9,850% (Ad) 
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Markets | | |
On the heels of OxyContin maker Purdue Pharma asking a federal judge to approve a $6 billion nationwide settlement due to the overdose and addiction crisis, a new company will form following the U.S. Bankruptcy Court chapter 11 plan of reorganization. The resulting company is known as Knoa Pharma ... Read the Full Story |
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Politics | | | President Joe Biden is expected to announce Friday that the U.S., along with the European Union and the Group of Seven countries, will move to revoke “most favored nation” trade status for Russia over its invasion of Ukraine Read the Full Story |
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Politics | | | The White House is warning Russia against seizing the assets of U.S. and international companies that have announced plans to suspend operations in Russia or to withdraw from the Russian market in response to the invasion of Ukraine Read the Full Story |
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From Our Partners | | People who don’t understand the gold market are about to lose a lot of money. Unfortunately, most so-called “gold analysts” have it all wrong…
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Politics | | | The latest developments on the Russia-Ukraine war:
LVIV, Ukraine — Ukrainian President Volodymyr Zelenskyy said 100,000 people have been evacuated during the past two days from seven cities under Russian blockade in the north and center of the country, including the Kyiv suburbs.
... Read the Full Story |
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Politics | | | The latest developments on the Russia-Ukraine war:
LVIV, Ukraine — Ukrainian President Volodymyr Zelenskyy denied Russia’s accusation that Ukraine is preparing to attack with chemical or biological weapons, and he said the accusation itself was a bad sign.
“That worries... Read the Full Story |
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From Our Partners | | Your account is not currently signed up for MarketBeat's free Monday morning stock ideas. Our team is going to be releasing an important pick on Monday morning (at 11am ET) and we want to make sure that you are able to see it. | | Add your name to the distribution list here |
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Politics | | | The latest developments on the Russia-Ukraine war:
UNITED NATIONS — The U.N. Security Council will meet on Friday to discuss what Russia claims are “the military biological activities of the U.S. on the territory of Ukraine.”
Council diplomats confirmed the meeting sche... Read the Full Story |
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Stocks | | |
Is it too late to consider lumber stocks?
Nosiree.
Lumber prices have boomed over the past two years for a number of reasons, but in large part due to homeowners trekking to home improvement stores for DIY projects over the pandemic. Home improvement spending ratcheted up 3% to $420 ... Read the Full Story |
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Markets | | | Cricut (NASDAQ: CRCT) is an exciting growth story with plenty of pandemic tailwinds behind it. The company makes a line of IoT-connected crafting machines that is complimented by a robust subscription service and materials business as well. Read the Full Story |
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Markets | | | The new chatter on Wall Street is that a stock market correction worse than the pandemic is brewing for the S&P 500 (NYSEARCA: SPY). Whether or not that actually happens, this is a growing fear and one that will have an impact on the market. Read the Full Story |
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Stocks | | | Campbells Soup Company (NYSE: CPB) is among the more attractive consumer discretionary stocks and its shares just went on sale. The stock is trading at only 15X its earnings while yielding over 3.5% with earnings improvement and dividend growth in the forecast. Read the Full Story |
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Friday's Early Bird Stock Of The Day EverQuote, Inc. operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc., and changed its name to EverQuote, Inc. in November 2014. EverQuote, Inc. was incorporated in 2008 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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