Good MorningEquities rebounded on Wednesday despite another round of bearish news that included the PPI data and earnings from JPMorgan Chase. The PPI data shows producer prices accelerating more than expected to the fastest pace on record. This data is sure to lead to another increase in the CPI data next month or later in the year which brings us to the JPMorgan Chase report. The company says it is bracing for increased economic risks and we think it is a wise decision.
The impacts of Russia's invasion of Ukraine are only beginning to show up in the data and results and those impacts are not good. Rising fuel costs and disruptions to trade are only the tip of the iceberg and threaten to throw the global economy into a recession. The next hurdle for the market will come today with an earnings report from at least half a dozen of the world's largest financial institutions. If they report more of what JPMorgan Chase reported the market sell-off could resume with increased vigor. Featured: [FREE IRA/401k Guide] Protect your wealth ASAP (Gold Gate Capital) 
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Instead of guessing if inflation has peaked, buy these stocks instead
The market got a double whammy in a shortened trading week. On April 12, the consumer price index (CPI) showed came in at 8.5%. The fact that the “core” CPI number went down gave some investors reason to belie... Read the Full Story |
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From Our PartnersIndividual investors are making an absolute killing on select gold stocks in '22. But what's the safest and smartest way to invest? Here's an under-the-radar Canadian gold company that's amassed over 30 million ounces of the yellow metal... worth Tens of $Billions... trading at an insanely low US$1.75 per share. | | It's time to position for your own profit-windfall in the new gold bull market. |
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Politics | | | Asian shares were mostly higher Thursday after an advance on Wall Street that ended a three-day losing streak.
Tokyo, Hong Kong and Shanghai advanced while Seoul edged lower. Oil prices fell back and U.S. futures climbed.
Investors appeared to brush aside fresh evidenc... Read the Full Story |
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Politics | | | Stocks closed broadly higher on Wall Street Wednesday, ending a three-day losing streak as an upbeat report from Delta Air Lines sparked a rally for companies in the travel industry.
Investors brushed off yet another report showing that inflation remains widespread in the U.S. economy... Read the Full Story |
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From Our PartnersTo build just one electric vehicle (EV) engine requires 183 pounds of copper. Compare that to just 18 pounds required in a gas-powered car. That's 10 TIMES more copper. EVs are expected to increase 1,400% by 2030. More sources of copper are desperately needed to keep up with demand. | | See Who Can Benefit from Huge Copper Demand. |
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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 | | | World shares were mostly higher Thursday after China indicated its central bank will ease reserve requirements for lenders to counter the blow to its economy from pandemic shutdowns in big cities like Shanghai.
London slipped while Paris, Frankfurt, Tokyo and Shanghai gained. U.S. fu... Read the Full Story |
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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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Tech | | | A top civil rights lawyer for California was fired while working on a discrimination case against video game giant Activision Blizzard and her colleague quit in protest Wednesday, a whistleblower attorney said.
Janette Wipper was fired on March 29 in “the midst of her success" in purs... 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 | | | A Japanese electric vehicle battery technology company will build a factory in Kentucky, creating 2,000 jobs in a $2 billion investment that reinforces the state's leadership in battery production, Gov. Andy Beshear said Wednesday.
The Envision AESC plant at Bowling Green in south-cen... 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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Thursday's Early Bird Stock Of The Day Unity Biotechnology, Inc., a biotechnology company, engages in the research and development of therapeutics to slow, halt, or reverse diseases of aging. The company's lead drug candidate includes UBX1325, which is Phase 2 clinical trial for the treatment of age-related diseases of the eye, including diabetic macular edema, age-related macular degeneration, and diabetic retinopathy. It also develops UBX1967 for the treatment of ophthalmologic diseases; UBX2048, a Tie2/VEGF bispecific; UBX2050, a human anti-Tie2 agonist monoclonal antibody for the treatment of eye diseases; and UBX2089, a a-Klotho hormone drug candidate for multiple neurology indications. The company was formerly known as Forge, Inc. and changed its name to Unity Biotechnology, Inc. in January 2015. Unity Biotechnology, Inc. was incorporated in 2009 and is headquartered in South San Francisco, California. | | View Today's Stock Pick |
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