Good MorningEquities tumbled last week on growing fear of overly aggressive interest rate hikes from the FOMC. The minutes from the last meeting reveal the committee is looking at a series of large interest rate hikes as well as the beginning of the balance sheet runoff. The CME's Fedwatch Tool is pricing in 3 consecutive 50 basis point hikes with a chance of 10 more 25 basis point bumps this year. At this pace, interest rates will be well above their pre-pandemic level and their effects will be felt throughout the economy.
The risk for the market this week is twofold. On the one hand, we'll be getting both the CPI and PPI data for March and we expect the data to be hot. On the other, the peak of the earnings season begins with reports from the big banks and they are expected to see earnings decline versus last year. Featured: Trump Just Gave the Green Light to Rewrite Social Security? (Ad) 
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Markets | | |
Check Out These Stocks That Are Set to Outperform in a Recession
If the market is truly a forward-looking mechanism, then investors should certainly take notice of the fact that recession-proof stocks have been showing serious strength in recent trading sessions. These are companies that operate ... Read the Full Story |
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Tech | | |
As soon as you saw that there was money to be made on COVID-19 vaccinations, did you jump on board and buy COVID-19 vaccine companies?
Why not expand your thinking beyond COVID-19? (However, it's important to remember that companies like Moderna have other promising vaccines in the pipelin... Read the Full Story |
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Stocks | | |
The 150% rally in GameStop (NYSE: GME) shares through the back end of March was one of the hottest topics on Wall Street coming into Q2. With meme stocks having dominated headlines at various points over the past 18 months, investors were wondering if we were at the start of a fresh eye-watering r... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
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Politics | | | WASHINGTON — Ukrainian President Volodymyr Zelenskyy said his country’s security service has intercepted communications of Russian troops that provide evidence of war crimes.
“There are soldiers talking with their parents about what they stole and who they abducted. There are recordin... Read the Full Story |
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Politics | | | WASHINGTON -- A senior U.S. defense official says the Pentagon has determined that some of the Russian combat units that retreated from the Kyiv area in recent days are so heavily damaged and depleted that their combat utility is in question.
The official described these units as “fo... Read the Full Story |
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Politics | | | Republican Bill McSwain pledges to be a pro-energy governor by “turning on the spigot of natural gas.” Another hopeful, Dave White, says he wants Pennsylvania “to be the energy capital of the world.” A third candidate, Lou Barletta, says having a glut of natural gas in the ground without a pipeline ... Read the Full Story |
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Politics | | | HELSINKI — Finland says that a shipment of art works from Russian museums has been returned to Russia after it was seized under European Union sanctions against Moscow.
Finland's customs service said late Saturday that the Foreign Ministry granted a special permit to return the consig... Read the Full Story |
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Politics | | | Britain’s Ministry of Defense says that Russia’s armed forces are seeking to respond to mounting losses by boosting troop numbers with personnel who had been discharged from military service since 2012 Read the Full Story |
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Markets | | | Digital payments platform PayPal, Inc. (NASDAQ: PYPL) shares have recently staged a rebound with the benchmark indexes but may be losing steam again. Both top and bottom-line growth is slowing as evidenced by its Q4 2021 earnings results. This combined with the market sell-off created a perfect stor... Read the Full Story |
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Markets | | |
Consumer packaged foods giant Conagra Brands, Inc. (NYSE: CAG) stock rebounded into its fiscal Q3 2022 earnings. However, the Company lowered its guidance mainly due to a surge in inflationary pressures. The Company faced higher-than-expected cost pressures which ate into margins. However, it has ... Read the Full Story |
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Monday's Early Bird Stock Of The Day Quotient Technology, Inc. engages in the operation of a digital marketing platform that connects brands and retailers with consumers through web, mobile, and social channels. It offers digital printable coupons, digital paperless coupons, coupon codes and other promotions. The company was founded by Steven R. Boal in May 1998 and is headquartered in Salt Lake City, UT. | | View Today's Stock Pick |
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