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:
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Markets | | |
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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From Our PartnersThe soaring demand for this "red rock" may be the most important development in 2022. It's key in the transition to the new green energy economies. Bloomberg News warns… "Within a decade, the world may face a massive shortfall of what's arguably the most critical metal for global economies." Copper prices have nearly doubled in the past year. | | Find Out How This Is Good News for Commodity Investors. |
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Markets | | |
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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Politics | | | Officials in Shanghai have promised to ease anti-virus controls on truck drivers that are hampering food supplies and trade, while city streets are still largely empty after millions of people were allowed out of their homes Read the Full Story >> |
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From Our PartnersYou see, although the Russian oil supply crisis is creating havoc around the world… there are two stocks worth investment consideration. One is a blue chip, multinational energy company that recently crushed its revenue and earnings estimates. Hedge funds are pouring money into it. The other stock recently almost doubled in 26 days.
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Politics | | | BERLIN — The U.N. human rights chief says that international humanitarian law appears to have been “tossed aside” in Russia’s war in Ukraine.
The Geneva-based human rights office said in a statement Friday that “Russian armed forces have indiscriminately shelled and bombed populated a... Read the Full Story >> |
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Politics | | | Officials in Shanghai have promised to ease anti-virus controls on truck drivers that are hampering food supplies and trade, while city streets are still largely empty after millions of people were allowed out of their homes Read the Full Story >> |
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From Our PartnersPeter Theil, a co-founder of PayPal bought Facebook shares for pennies before they were listed in the Nasdaq and turned $500,000 into a staggering $1 billion. In the world of stocks, that's not possible for most people. But in the world of cryptocurrencies, something like this IS open to regular folks like us. | | To find out more, go here now |
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Politics | | | India and Britain have urged Russia to declare an immediate cease-fire in Ukraine as British Prime Minister Boris Johnson announced steps to help move New Delhi away from its dependence on Russia by expanding economic and defense ties Read the Full Story >> |
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Politics | | | Global shares retreated Friday, tracking losses on Wall Street after Federal Reserve Chair Jerome Powell indicated increases in interest rates must be faster to fight inflation.
Most major indexes declined, though Shanghai edged higher after authorities there promised to ease anti-vir... 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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Markets | | | This week, Kate welcomes back a repeat guest, MarketBeat contributor Chris Markoch. Chris tells us about three U.S. stocks that he believes will continue to show strength, regardless of what is going on in the economy. Read the Full Story >> |
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Markets | | | This week, Kate welcomes back a repeat guest, MarketBeat contributor Chris Markoch. Chris tells us about three U.S. stocks that he believes will continue to show strength, regardless of what is going on in the economy. Read the Full Story >> |
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The Early Bird Stock Of The DayFriday: Stock With Insider Buying 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; and first-party goods inventory. 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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