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: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Materials | |
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 billion in... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Consumer Discretionary | |
Bargain Basement Prices For Stitch Fix, Inc
Price action in Stitch Fix (NASDAQ: SFIX) has been wild over the past two years, first taking the stock up to all-time highs on pandemically-inspired tailwinds then back down to rock bottom pricing as tough comps, inflation, and supply-chain headwinds ... Read the Full Story |
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Consumer Discretionary | |
Analysts Cut Their Ratings On Cricut
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. The problem with s... Read the Full Story |
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This free guide from Base Camp Trading takes a different approach, starting with the basics and showing you exactly how options work, why traders use them, and how they fit into a simple trading plan. | | Claim your free options guide and start building real trading knowledge |
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Consumer Discretionary | |
Weyco Group May Be Ready To Move Higher
Weyco Group (NASDAQ: WEYS) has been struggling with pandemic conditions and the fallout from them for some time but those days may be over. The company gave a blowout Q4 report that suggests not only is demand strong for the brands within this shoe empire ... Read the Full Story |
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Markets | |
It’s Time To Hoard Cash
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. As for depth, if you... Read the Full Story |
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Healthcare | |
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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Consumer Staples | |
High-Yield Deep-Value Campbell Soup Company Dips To Support
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... Read the Full Story |
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Consumer Discretionary | |
Buy-and-hold investing can be one of the best ways to grow your wealth over time if you possess patience and are ok with the idea of holding through some drawdowns over the years. This investment strategy is attractive for quite a few reasons, as it doesn’t require spending a lot of time act... Read the Full Story |
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Consumer Staples | |
In the world of stock investing sometimes boring is good.
With the Russia-Ukraine conflict in its second week, market volatility has found a second gear. This has left many investors making tactical adjustments to protect principal. A common tactic during times of turbulence is to dial back the r... Read the Full Story |
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Markets | | Steakhouse operator Ruths Hospitality Group (NASDAQ: RUTH) stock have illustrated relative strength amid the sell-off in benchmark indexes. The Company experienced over 60% top-line growth in Q4 2021 as it returns to sales growth despite the onset of the Omicron variant. Inflationary pressures were ... 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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