Good MorningEquities fell hard to start the week with the S&P 500 down more than 1.5% at the low of the session. The move was driven by increasing angst over inflation, the FOMC, and earnings with both a key round of earnings and a key report on inflation due out this week. On the earnings front, there are reports from 175 S&P 500 companies and nearly half of the Dow components on tap. by the end of the week all questions about what to expect this reporting season should be laid to rest. On the inflation front, the April read of the PCE Price Index is due out and it is expected to be another hot one.
Core PCE prices are expected to moderate from up 5.4% in February to up 5.3% YOY in March but nowhere near enough to get the FOMc off the hook for interest rate hikes. At this pace, inflation is up nearly 10% versus 2020 with no signs of it slowing. An as expected or cooler than expected report may keep the market from selling off but, if the figures are hotter than consensus as we expect, the selloff could enter a new phase. Featured: The DOJ Just Paved the Way for Account Seizures (Ad) 
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With the major U.S. stock indices threatening to establish new 2022 lows, most individual stocks are off to a rough start this year. Others are performing remarkably well.
Not surprisingly, energy and materials stocks are among the biggest year-to-date winners. Yet there are plenty of companies h... Read the Full Story |
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Markets | | | The high-priced Dow members are highly responsible for day-to-day movements in an index value that adorns financial newspapers and websites globally. Nowadays the Dow’s value is largely dictated by UnitedHealth Group, Goldman Sachs, and Home Depot since they command the highest share prices. Read the Full Story |
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Politics | | | Shares advanced Tuesday in Europe after closing mostly higher in Asia, though Chinese shares skidded on renewed concerns over pandemic lockdowns.
Oil prices declined and U.S. futures were lower.
Germany's DAX rose 0.9% to 14,043.32 and the CAC 40 in Paris picked up 0.... Read the Full Story |
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Tech | | | Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers Read the Full Story |
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Tech | | | Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers Read the Full Story |
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Investors seem to be factoring in demand decline, but is that a safe bet?
Cleveland-Cliffs (NYSE: CLF) stock remains in sharp decline on the second trading day after posting a strong earnings report on April 22, 2022. It could be a case of profit-taking. Prior to the sell-off, CLF stock wa... Read the Full Story |
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Markets | | | Consumer financial services company Synchrony Financial (NYSE: SYF) stock has been on a tear after a strong Q1 fiscal 2022 earnings beat. The Company provides lending solutions to consumers ranging from credit cards and financing options across many segments including veterinary care, power sports, ... Read the Full Story |
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Markets | | | Network communications giant Cisco Systems (NASDAQ: CSCO) stock has finally been selling off despite strong top and bottom line growth. The world’s leading networking company is experiencing robust strength and double-digit annual growth despite the underperformance of its shares. The Company ... Read the Full Story |
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Politics | | | Sri Lanka’s government said Tuesday it is discussing obtaining another loan from Beijing to repay some of its debt to Chinese banks after China told the nearly bankrupt island nation it was not in favor of restructuring existing loans.
Sri Lanka has nearly $7 billion in foreign debt d... Read the Full Story |
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Politics | | | A Brazilian federal court has upheld the suspension of an environmental license for what would be the largest open-pit gold mine in the nation’s Amazon rainforest, dealing a blow to the Canada-based company behind the project Read the Full Story |
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Tuesday's Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
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