Good MorningEquities pulled back on Monday on the combination of inflation fear and falling oil prices. The price of WTI fell more than 3.75% intraday to drive a similar decline in the energy sector. With the energy sector expected to post the largest increase in YOY earnings the move in oil prices and the XLE could alter the outlook for the entire reporting season. As for inflation, the March read of the Consumer Price Index is due on Tuesday and it is expected to be historic.
The pace of consumer inflation is expected to hold steady at 0.5% month to month and it could easily top those expectations. the risk for the market is in the YOY comparisons which are expected to accelerate as well. With consumer-level inflation expected to top 6.5% at the core level, the expectations for aggressive FOMC interest rate hikes are going to go through the roof. Featured: Benefit from NFTs without buying NFTs? (Active Trader News) 
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Tech | | | Technology companies led a broad slide for stocks on Wall Street and bond yields rose again Monday as investors look ahead to the upcoming company earnings reporting season and what it will reveal about the impact inflation is having on corporate profits.
The S&P 500 fell 1.7%, ad... Read the Full Story |
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Markets | | | we’ve decided to put together an overview of 3 tech stocks to buy for retirement below. Each one of these companies is a market leader and has the financial stability to help you sleep well at night, even during periods of market volatility. Read the Full Story |
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Inflation data and a flight to safety may conspire against DAL stock
The good news is that Delta Air Lines (NYSE:DAL) is up nearly 5% on a day when the broader market is slumping. The bad news is this may be the only good news for DAL stock shareholders in the short term. In our opinion, th... Read the Full Story |
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Markets | | | It’s been a volatile few weeks for shares of social media platform Twitter (NYSE: TWTR), with the stock logging some of its highest traded volume in years. They popped as much as 40% in the first week of April, but have already started to give back a hefty portion of those gains. The catalyst ... Read the Full Story |
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Tech | | | Billionaire Elon Musk, one of Twitter's biggest shareholders, is reversing course and will no longer join the company's board of directors, less than a week after being awarded a seat.
Twitter CEO Parag Agrawal announced the news, which followed a weekend of Musk tweets suggesting ch... Read the Full Story |
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Politics | | | Barry Biffle is juggling his day job as CEO of Frontier Airlines while also working to save a proposed merger with Spirit Airlines that would create the nation’s fifth-biggest carrier by some measures Read the Full Story |
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Politics | | | The effort to hold drug companies, pharmacies and distributors accountable for their role in the opioid crisis has led to a whirlwind of legal activity around the U.S. that can be difficult keep tabs on.
Three trials are underway now, in Florida, West Virginia and Washington state. Ne... Read the Full Story |
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Tech | | | Britain’s Treasury chief is fighting to save his reputation by requesting an investigation of his own conduct after a series of news reports on his family’s finances raised questions about his judgment Read the Full Story |
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Recession resistant and cost-conscious: Even though it's a mouthful, it's worth considering retail stocks that cater to cost-conscious shoppers. If you're anything like most people, during inflationary times, you're ironing out how to buy everything in bulk (à la Costco (NASDAQ: COST) or at... Read the Full Story |
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Markets | | | Schlumberger (NYSE: SLB) stock has been moving higher on warming analysts' sentiment and that sentiment is coming to a boil. There have been at least 5 upgrades or price target increases since March 31st and we don’t see this trend ending. Read the Full Story |
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Tuesday's Early Bird Stock Of The Day EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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