Good MorningEquities pulled back on Wednesday as geopolitical tension and rising oil prices sapped sentiment. The price of WTI rose more than 5.0% intraday to well over $115 and is well on its way to retesting the recent highs near $130. On the geopolitical front, NATO is stepping up its message to Putin including a show of troop strength that could trigger an armed response. Based on the geopolitical outlook and skew in the energy market, we are expecting to see the price of WTI move well above $130 before it peaks out for good.
In business news, headwinds are emerging for businesses that may cut into the outlook for 2022. With supply chain easing and economic acceleration expected in the 2nd half, this is not good news at all. The consensus estimate for S&P 500 earnings growth was already on the verge of decline, if these headwinds grow they could completely alter the outlook for the year and bring the S&P 500 crashing down. Featured: Could this be crypto's biggest Trump win? (Ad) 
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Politics | | | The Russian stock market resumed limited trading Thursday under heavy restrictions almost one month after prices plunged and the market was shut down following Moscow’s invasion of Ukraine.
Trading of a limited number of stocks including energy giants Gazprom and Rosneft took place un... Read the Full Story |
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Politics | | | Stocks fell broadly on Wall Street and crude oil prices rose sharply again Wednesday, as a wave of selling all but wiped out gains from a day before and left the S&P 500 and Dow Jones Industrial Average in the red for the week.
The S&P 500 fell 1.2%, with more than 80% of the... Read the Full Story |
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As a contrarian investor, you invest against the crowd. (It's the perfect gig if you're someone who did your own thing in high school — you know who you are.) Contrarian investing means you pick up, say, shares of the foreign firm that nobody's talking about. If you let it casually slip to y... Read the Full Story |
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Politics | | | The scandal at a top Japanese brokerage widened as the vice president of SMBC Nikko Securities was arrested Thursday and the company was charged with stock manipulation.
The arrest of Toshihiro Sato on charges of violating securities regulations followed arrests earlier this month of ... Read the Full Story |
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Stocks | | | When building a long-term portfolio, investors need to find companies that can withstand the test of time. Here we focus on the U.S. mid-cap space in sampling some of what S&P GMI considers to be high quality names built for the long-term. Read the Full Story |
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Politics | | | President Vladimir Putin announced Wednesday that Russia will demand that “unfriendly'' countries pay for Russian natural gas exports only in rubles from now on.
Putin told a meeting with government officials that “a number of Western countries made illegitimate decisions on the so-ca... Read the Full Story |
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Politics | | | Californians shouldering the nation's highest gas prices could soon get a tax break, free rides on public transit and up to $800 on debit cards to help pay for fuel under a proposal revealed Wednesday by Democratic Gov. Gavin Newsom
Gas prices have soared in recent weeks, the result ... Read the Full Story |
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Markets | | | Specialty apparel retailer Urban Outfitters (NASDAQ: URBN) stock has been selling off with the retail sector during the post-holiday hangover period. Its Free People brand suffered logistics constraints as air and ocean cargo rates hit unprecedented levels which ate into margins. However, management... Read the Full Story |
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Markets | | | Winnebago (NYSE: WGO) shares are moving lower in the wake of the FQ2 earnings report for one reason and one reason alone. The company’s and the industry's strength has been well forecast so many in the market, including ourselves, were expecting outperformance relative to the analyst's consensus. Read the Full Story |
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Markets | | | Enerpac Tool Group (NYSE: EPAC) is not the first company to report the impact of Russia’s war on Ukraine is affecting business. It is the first, however, that we’ve read, to quantify that impact as a headwind and to lump it together inflation and foreign exchange as a detriment to business in the second half of the year. Read the Full Story |
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Thursday's Early Bird Stock Of The Day Ontrak, Inc. operates as an artificial intelligence powered, telehealth-enabled, and virtualized healthcare company that provides in-person services to third-party payors in the United States. Its technology-enabled platform predicts people whose chronic disease will improve with behavior change, recommends effective care pathways that people are willing to follow, and engages and guides them to and through the care they need. The company's technology enabled OnTrak program provides healthcare solutions to members with behavioral conditions that cause or exacerbate chronic medical conditions, such as diabetes, hypertension, coronary artery disease, chronic obstructive pulmonary disease, and congestive heart failure. The OnTrak integrates evidence-based psychosocial and medical interventions delivered in-person or via telehealth along with care coaching and in-market community care coordinators, who address the social and environmental determinants of health. The company was formerly known as Catasys, Inc. and changed its name to Ontrak, Inc. in July 2020. Ontrak, Inc. was incorporated in 2003 and is headquartered in Miami, Florida. | | View Today's Stock Pick |
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