Good MorningEquities tried to rebound from Monday's selloff on Tuesday after the CPI data came in only as expected but the threat of rising inflation outweighed any relief felt by the market. The takeaway from the CPI report is that inflation is still on the rise, rising at a record, and accelerating with no sign of letting up. In this paradigm, the FOMC is expected to aggressively hike interest rates and that is being seen in the Fed Funds Futures data. According to the CME data, the FOMC will raise rates by at least 100 basis points over the next two meetings and there is a chance for 125 basis points.
The risk for the market on Wednesday is the PPI data. The PPI is a leading indicator for CPI and it is expected to accelerate on a month over month and year over year basis. Later this week, earnings season will kick off with reports from JPMorgan Chase on Thursday and a handful of other big banks on Friday. Featured: Millionaire Trader Drops Bombshell… “The Only Trade You Will Ever Need” (Legacy Research) 
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Politics | | | Stocks ended slightly lower on Wall Street Tuesday after investors weighed new data showing some signs that inflation slowed slightly in March, though overall it remained at its highest level in 40 years.
The S&P 500 fell 0.3% after having been up 1.3% earlier in the day. The pull... Read the Full Story |
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Markets | | | Dividend growth stocks are among our favorite investment groups because you get so much bang for your buck. Not only do the companies pay dividends but business growth typically means capital appreciation as well. What this boils down to is called total returns, or the sum of your dividends and capital returns, and dividend growth stocks deliver the best total returns. Read the Full Story |
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Politics | | | Some grain elevators are so full that farmers trying to sell their crops are being turned away. But at the same time, flour and animal-feed mills are halting production because they can’t get the grain they need.
The issue? The lack of trains to move the grain.
Federal ... Read the Full Story |
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From Our PartnersLithium is the most precious commodity of the green revolution, and experts predict an exploding demand for the energy metal. Surrounded by multi-billion dollar assets, one little-known small-cap company in a renowned location in South America may become a strong link in the lithium supply chain due to a monster acquisition. | | Put this company on your radar now. |
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Stocks | | |
Shares of discount retailer Ross Stores (NASDAQ: ROST) were among the best performing US equities this week as shares popped as much as 7% from where they closed last Friday. The catalyst for the pop was a price target increase from the team at Credit Suisse, who upped it from $118 to $125. Even a... Read the Full Story |
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Politics | | | With inflation at a 40-year high, President Joe Biden journeyed to corn-rich Iowa on Tuesday to announce a modest step aimed at trimming gasoline prices by about a dime a gallon at a limited number of stations by waiving rules that restrict ethanol blending.
His action reflects the w... Read the Full Story |
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Markets | | | Railroad freight car and equipment manufacturer Greenbrier Companies (NYSE: GBX) stock took a sharp nose dive in March 2022 ahead of strong fiscal Q2 2022 earnings report. The Company is successfully navigating supply chain disruptions and inflationary pressures on commodities resulting in high raw ... Read the Full Story |
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Politics | | | Global shares were mostly higher Wednesday after new data showed inflation in the U.S., while still at a 40-year high, was not as bad as some analysts had expected.
Benchmarks finished higher in Japan, South Korea, Hong Kong and Australia. U.S. futures and oil prices also rose.
... Read the Full Story |
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Markets | | | Utility services holding company Exelon Corporation (NYSE: EXC) stock has been on a tear hitting decade long highs. The Company owns energy generation facilities utilizing nuclear, hydroelectric, biomass, solar, and wind to accommodate its 10.5 million customers. Rising oil prices have lifted other ... Read the Full Story |
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Tech | | | FIFA is getting into the streaming platform business with a soccer version of Netflix and Amazon Prime.
The service is free and largely featuring documentaries and some live games at the launch but it could eventually be a way for FIFA to broadcast World Cup matches itself at a cost.
... Read the Full Story |
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Markets | | | OrganiGram (NASDAQ: OGI) reached a turning point in Q1 in which profitability became truly in reach. The company updated its outlook for profitability from Q4 to Q3 of the current fiscal year and the outlook is accelerating again. Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ecopetrol S.A. operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services. As of December 31, 2022, the company had approximately 9,127 kilometers of crude oil and multi-purpose pipelines. It also produces and commercializes polypropylene resins and compounds, and masterbatches; and offers industrial service sales to customers and specialized management services. It has operations in Colombia, the United States, Asia, Central America and the Caribbean, Europe, and South America. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is headquartered in Bogotá, Colombia. | | View Today's Stock Pick |
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