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: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
Performance in a key niche may very well determine the course of SPWH stock
Sportsman’s Warehouse (NASDAQ:SPWH) continues to fall despite posting a double beat in its most recent earnings report. The outdoor sporting goods retailer posted earnings per share (EPS) of 49 cents outpacing analy... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Materials | |
If you're no stranger to stock news, you know the markets have experienced a rocky start in 2022. Dipping shares, rampant inflation, interest rate hikes and year-to-date shifts in the most prevalent stock market indexes.
However, certain stocks have been rocket-shipping into oblivion, such as agr... Read the Full Story |
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Consumer Staples | |
When you think of core items that every family needs: household goods, food, beverages, hygiene products and other items we can't live without no matter what's going on in the world and no matter how high inflation gets, grocery store stocks may come to mind.
Goldman Sachs (NYSE: GS) has projecte... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | | 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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Finance | | 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. They recovered quicker than most of their peers from the COVID pandemic and ha... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Markets | |
Deep-Value Walgreens Boots Alliance COVID Tailwind Weakens
Shares of Walgreens Boots Alliance (NASDAQ: WBA) imploded in the wake of what were otherwise stellar results and guidance because of COVID. The company didn’t catch COVID and there weren’t any major COVID-related shutdowns wh... Read the Full Story |
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Consumer Staples | |
MKC stock has a solid dividend, but that may not be enough
McCormick (NYSE:MKC) is holding on to a small gain 48 hours after posting first-quarter earnings. The company posted slight beats on the top and bottom lines. And, as expected, much of this growth is coming from the restaurant and food s... Read the Full Story |
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Consumer Discretionary | |
Five Below Bottoms, Outlook, And Analysts Support Higher Prices
Shares of Five Below (NASDAQ: FIVE) are moving higher following its Q4 earnings release and guidance update for 2022. The move is being driven not by the results or the guidance because both of those are iffy at best but by the anal... Read the Full Story |
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Consumer Discretionary | |
To some, ‘mid-cap value’ is an oxymoron.
After all, it is in the mid-cap space that we often find companies that grow faster than the overall economy, not to mention large caps. To toss in a word like ‘value’ that is typically reserved for stodgy, low growth businesses wou... Read the Full Story |
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Industrials | |
The Institutions, And Results, Have Paychex Cashing In
Paychex (NASDAQ: PAYX) results are starting to show the leverage we’ve been anticipating for the past few quarters. The company not only managed to keep a large percentage of its pre-COVID clients but it was also able to add on new one... 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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