Good MorningEquities started the day in the green on Thursday but reversed course midday. Remarks from Fed chairman Jerome Powell put the fear of inflation back on the front burner. In his remarks, Mr. Powell said taming inflation was absolutely necessary and that a 50 basis point rate hike was on the table for May. The news caused a sell-off in the ten-year treasury that sent rates to the highest level since December 2018. At the current rate of gain, the rate on the ten-year treasury note will exceed 3.25% by the end of the year. At those levels, bonds become a more attractive investment than the average S&P 500 stock and may become a headwind for equities.
Next week, the market will be fully focused on earnings as well as inflation. Next week is the first really busy week of the reporting season and should bring more than 100 reports from S&P 500 companies. On the inflation front, the PCE price index is slated for release on Friday and should be another hot one despite lapping last year's 3.5% increase. Featured: Trump Just Gave the Green Light to Rewrite Social Security? (Ad) 
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A unique environment brings uncertainty to both companies
As earnings season begins in earnest, the market heard from two companies that benefited from the surge in used car demand in 2021. Carvana (NYSE:CVNA) and AutoNation (NYSE:AN) were hoping to deliver reports that would change the for... Read the Full Story |
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After two years of supply-demand imbalances, what numbers should investors be looking at?
Boston Beer Company (NYSE: SAM) stock is trading 73% lower than its 52-week high. And the company’s first-quarter 2022 revenue and earnings are projected to come in lower on a year-over-year (YOY... Read the Full Story |
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Tech | | | Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, putting pressure on the company's board to negotiate a deal.
Last week, Musk announced an offer to buy the social media platform for $54.20 per share, or about $43 billion. At the time, he did not say how he wo... Read the Full Story |
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Politics | | | Stocks shed early gains and ended broadly lower on Wall Street Thursday after the head of the Federal Reserve said the central bank needs to take more aggressive action to fight high inflation.
In a panel discussion held by the International Monetary Fund, Fed Chair Jerome Powell sai... Read the Full Story |
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Markets | | | Kinder Morgan (NYSE: KMI) caught our eye last year as a high-yielding value that we might want to own. The company was exiting a period of underperformance and reorganization and looking ahead to a favorable market environment. Read the Full Story |
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Politics | | | KYIV, Ukraine — No residents could be evacuated from the encircled city of Mariupol on Thursday due to continuing Russian shelling of agreed-to humanitarian corridors, Ukrainian deputy PM Iryna Vereshchuk said in a Telegram post on Thursday evening.
“No happy news out of Mariupol. Eve... Read the Full Story |
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The clean energy company is swimming against the stream for now
NextEra Energy (NYSE: NEE) is one of the leading clean energy companies in the United States. And that served the company very well for most of the last two years. From the onset of the pandemic through 2021, NEE stock climbed ... Read the Full Story |
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Markets | | | U.S. airlines say they have hit a turning point: After a lousy first quarter, they expect to be profitable as Americans return to travel in the biggest numbers since the start of the pandemic.
American Airlines is the latest carrier to give a rosy outlook for the res... Read the Full Story |
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Tech | | | CNN is shutting down its CNN+ streaming service less than a month after its launch, a spectacular flameout for a venture that had attracted stars like Chris Wallace and Alison Roman and was seen as a way to attract a new generation of news consumers.
It had started March 29, shortly b... Read the Full Story |
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Markets | | | Steel Dynamics (NASDAQ: STLD) share prices have been scaling new heights on demand and pricing expectations along with the company’s efforts to expand to meet that demand. The Q1 results not only confirm those expectations but indicate the business is even healthier than the analysts were predicting. Read the Full Story |
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Friday's Early Bird Stock Of The Day Groupon, Inc., together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was incorporated in 2008 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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