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: Elon’s big $266,000 per second purchase (Ad) 
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Auto/Tires/Trucks | |
Undervalued Stock Thor Industries Bolts Higher On Strong Results
Thor Industries (NYSE: THO) reported a blowout FQ2 and we are not surprised. Not only are there strong tailwinds blowing throughout the industry but the company has been working on capacity, building inventory, and acquiring growth... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Retail/Wholesale | |
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 aside,... Read the Full Story |
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Medical | |
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 Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Basic Materials | |
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. Think of high inflation from 40 years ago, from the 1970s and 1980s, when oil price... 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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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Markets | |
Desktop Metal Enters New Phase, Shares Move Higher
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 materi... Read the Full Story |
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Retail/Wholesale | |
Dick’s Sporting Goods Is At The Bottom
After correcting more than 30% over the past several quarters it looks like Dick’s Sporting Goods (NYSE: DKS) is at the bottom. The sell-off is more to do with expectations and systemwide hurdles than actual results and is aided by a high amount ... Read the Full Story |
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Retail/Wholesale | | Retail department store chain Macy’s (NYSE: M) stock is still running on all cylinders posting double digit revenue growth and exceeding the pre-pandemic levels of 2019. The Company has gone through a two-year digital transformation implementing its Polaris strategy to much success as its emer... Read the Full Story |
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Consumer Discretionary | |
Inflation has gone from an annoying “i-word” to a full-blown curse word since the Russian invasion of Ukraine. Prices of everything from oil and gasoline to wheat and corn have skyrocketed with sanctions and boycotts escalating an already volatile pricing environment.
This in turn has... Read the Full Story |
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Markets | |
It’s clear that Russia’s attack against Ukraine continues to cause turbulence in the markets. But it’s also presented opportunities.
In today’s episode, podcast host Kate Stalter sits down with Randy Farina and Pete Trontis, portfolio managers at Excencial Wealth. Randy an... 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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