Good MorningEquities began to pull back again on Thursday ending what was otherwise a good March for stocks. The S&P 500 shed more than 1.5% at the low of the day and closed near the low of the session after the PCE price index came in at a new high. While the pace of acceleration cooled off on a month-to-month basis the YOY data shows both headline and core inflation have accelerated to new highs and the highest levels in four decades. With oil prices hovering above $100, it doesn't look like inflation is going to be tamed any time soon and the FOMC will need to be aggressive. The next FOMC meeting is only a month away and the market is pricing in a 50 basis point interest rate increase then and at the next meeting.
In other news, the non-farm payroll report is due out today and could drive market action. The report is expected to show a strong 490,000 new jobs in March and an uptick in wage growth. The risk for the market lay in the wage growth and a hot number could intensify fears of FOMC intervention. Featured: A Rare Selection of Stocks... (PTR) 
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Markets | | | Certain stocks have been rocket-shipping into oblivion, such as agriculture stocks and oil stocks. In this piece, we'll focus on mining stocks, another area that is firmly in the "boom" camp in a boom-and-bust cycle. (Check out PwC's great info Read the Full Story |
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Politics | | | A late burst of selling left stocks broadly lower on Wall Street Thursday, as the market closed out its worst quarter since the pandemic broke out two years ago.
Despite posting a 3.6% gain for March, a dismal January and February left U.S. indexes lower for the year to date. The S&am... Read the Full Story |
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Stocks | | | Grocery stocks offer a built-in natural bear market defense due to strong demand. Grocery stores' currently inflated grocery prices means you can also capitalize on costs passed on to consumers. Look for grocery store stocks with competitive advantages over competitors and growth-oriented trajectories. Read the Full Story |
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Markets | | | Stocks edged lower in afternoon trading on Wall Street Thursday and oil prices fell as President Joe Biden ordered the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve Read the Full Story |
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Politics | | | Mexican and American officials met Thursday amid disagreements about an electrical power reform that seeks to limit foreign-built renewable energy plants and grant a majority market share to Mexico’s state-owned power utility.
President Andrés Manuel López Obrador met with U.S. Climat... Read the Full Story |
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Politics | | | WASHINGTON — U.S. President Joe Biden on Thursday said there’s “no clear evidence” that Vladimir Putin is scaling back military operations around Kyiv and suggested that the Russian president may have ordered some of his advisers fired or placed under house arrest.
Biden told reporter... Read the Full Story |
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Politics | | | Australian Prime Minister Scott Morrison said Friday that his country will be sending armored Bushmaster vehicles to Ukraine to help in its war against Russia.
Ukrainian President Volodymyr Zelenskyy specifically asked for them during a video appeal to Australian lawmakers for more ai... Read the Full Story |
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Markets | | | We’ll know a lot more in about two week’s time when they report fresh earnings, but for now it’s safe to say that Bank of America (NYSE: BAC) is still one of the biggest and best of the financial stocks. Read the Full Story |
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Markets | | | Sportsman’s Warehouse made it clear that the reason for the company's YOY drop in revenue was due to lower firearms and ammunition sales. Considering that the company’s margins remain under pressure, buying SPWH stock is a shot in the dark Read the Full Story |
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Markets | | | Fashion brand PVH Corp (NYSE: PVH) stock is attempting to stage a comeback after the benchmark index sell-off. The maker of iconic brands including Calvin Klein and Tommy Hilfiger saw double-digit top-line growth and raised guidance despite supply chain headwinds. PVH also faced significant logistic... Read the Full Story |
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Friday's Early Bird Stock Of The Day Aspen Aerogels, Inc. designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; and Pyrogel HPS for applications within the power generation market. It also offers Pyrogel XTF to provide protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production; and Cryogel X201, which is used in designing cold systems, such as refrigerated appliances, cold storage equipment, and aerospace systems. The company was founded in 2001 and is headquartered in Northborough, Massachusetts. | | View Today's Stock Pick |
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