Good MorningEquity markets tried to stage a rebound on Tuesday despite rising oil prices and fear Putin will escalate the Ukrainian invasion to another level. By the end of the day however, the move had turned into a dead cat bounce leaving the index down for the session and at the lowest closing level in over 6 months.
In oil news, the price of West Texas Intermediate rose more than 5% intraday to peak above $130 per barrel. The price is rising because Russian capacity is getting priced out of the market and there is no indication yet where the shortfalls will be made up. For consumers, this means a summer of record-high gas prices and another year of near-double-digit inflation. In regards to inflation, the CPI data is due out on Thursday and is not expected to soothe fears. The market has backtracked on its expectations for FOMC rate hikes and now sees the possibility for no hike at the next meeting, we think the CPI data will put those hopes to rest. Featured: Buying NFT Stocks... (Active Trader News) 
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Markets | | | European stocks and Wall Street futures rebounded Wednesday as investors watched diplomatic efforts to end Russia's attack on Ukraine, while Asian markets sank after Chinese inflation accelerated.
Already high oil prices added more than $1 per barrel and then gave up those gains follo... Read the Full Story |
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From Our PartnersWARNING: Russia-Ukraine war brings rising food and energy prices. But there’s more to the story... A 40-year financial market veteran warns that he’s never seen a crisis quite like this one before us today. And he reveals a few critical decisions you should make immediately, which could affect you, your family, and your money, for many years to come. | | | | Click here for the full details. |
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U.S. stocks are on track to close lower for the third straight month. It would be the first time this has happened since the pandemic plunge of early 2020.
With no end in sight to the Russian attack on Ukraine, equity markets in other parts of the world are also on edge. The energy sector a... Read the Full Story |
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Brilliant Biotech Plays to Consider Adding Now
While the idea of adding exposure to one of the most volatile sectors of the market during a correction might not sound great on paper, the truth is that investors should view the biotech sector as a sleeping giant that could be ready to wake up in t... Read the Full Story |
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From Our PartnersGeologists predict that Nevada could hold 25% of the world's lithium supply. And with lithium quickly becoming the most valuable (and important) metal on the planet, Nevada could quickly become one of the richest states in the USA... | | And This One Company Is Close To A Massive Lithium Discovery |
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Politics | | | Striking harder at Russia’s economy, President Joe Biden on Tuesday ordered a ban on Russian oil imports in retaliation for Vladimir Putin’s onslaught in Ukraine. The major trade action, responding to the pleas of Ukraine’s embattled leader, thrust the U.S. out front as Western nations seek to halt... Read the Full Story |
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Markets | | | Desktop Metal (NYSE: DM) is an interesting story in that it manufactures and markets a line of 3-D printing solutions for applications of differing sizes. The company has been positioning itself over the past year as a leading supplier of material as well as equipment but ultimately struggled with COVID-induced conditions. Read the Full Story |
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Markets | | | McDonald's, Starbucks, Coca-Cola, PepsiCo and General Electric __ ubiquitous global brands and symbols of U.S. corporate might __ all announced Tuesday they were temporarily suspending their business in Russia in response to the country's invasion of Ukraine.
“Our values mean we canno... Read the Full Story |
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Politics | | | The latest developments on the Russia-Ukraine war:
LVIV, Ukraine -- Ukrainian President Volodymyr Zelenskyy thanked the leaders of the U.S. and Britain for banning Russian oil imports.
“This is a powerful signal to the whole world,” he said in his daily address to the n... Read the Full Story |
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Markets | | | McDonald's, Starbucks, Coca-Cola and General Electric __ ubiquitous global brands and symbols of U.S. corporate might __ all announced Tuesday they were temporarily suspending their business in Russia in response to the country's invasion of Ukraine.
“Our values mean we cannot ignore ... Read the Full Story |
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Markets | | | Stagflation sounds like an ominous term, but the fact of the matter is that we're all experiencing it right now — inflation, plus slow or stagnant economic growth rate and a relatively high unemployment rate. Read the Full Story |
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Markets | | | Social media platform Twitter (NYSE: TWTR) stock has been getting pounded with the benchmark indexes. The Company was a pandemic winner during the lockdowns providing a popular communications platform. The post-pandemic reopening hasn’t stopped top line as illustrated by its 37% annual revenue... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York. | | View Today's Stock Pick |
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