Good MorningEquities resumed their downward trend on Tuesday reversing Monday's rebound on renewed fear of the FOMC. The tech-heavy NASDAQ Composite led the move with a loss close to 4% at the low of the session. The NASDAQ Composite is a growth-oriented index and those stocks, particularly those that rely on debt to fuel their growth, are sensitive to interest rates and the FOMC.
Later this week, the selling may pick up momentum after the PCE Price Index is released. The index is expected to show another strong gain in YOY inflation and will start the 2nd year of above-target consumer inflation gains. Regardless of the PCE data, the FOMC is on track to raise rates when it meets in April. Weaker than expected data may reduce the urgency and pace at which they raise rates but will not remove the need for higher rates. The takeaway, the cost of business is going to go up when the Fed raises interest rates and that may send the economy into a recession and the market into a tailspin. Featured: Watch This Robotics Demo Before July 23rd (Ad) 
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Markets | | | Global shares were mixed Wednesday, with European shares advancing after a retreat in Asia, though mainland Chinese stocks rebounded as Beijing redoubled confidence-boosting efforts with promises of more support for the slowing economy.
U.S. futures were higher and oil prices also ros... Read the Full Story |
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Tech | | | Google’s corporate parent has posted its slowest quarterly revenue growth since 2020, the latest sign that the huge gains enjoyed by technology companies during the pandemic are fading into the rear-view mirror Read the Full Story |
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Markets | | |
Having some exposure to NEM stock is solid insurance for whatever comes next
Newmont Corporation (NYSE: NEM) stock continues to fall after the mining company delivered its earnings report on April 22. In fairness, the company missed slightly on both the top and bottom lines. And earnings pe... Read the Full Story |
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Markets | | | Casino operator Las Vegas Sands (NYSE: LVS) stock has fallen toward its COVID-19 lows. The casino operator continues to see uncertainty grow in its Macao operations being affected by China’s zero-tolerance COVID policy. There is also fears of regulatory changes that further the crackdown on co... Read the Full Story |
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Politics | | | POKROVSK, Ukraine — As Russian forces intensify their shelling of eastern Ukraine, more people are leaving their homes in search of safety.
In Pokrovsk, a town in the Donetsk region, people lined up Tuesday to board a train headed to the far west of the country along the border with H... Read the Full Story |
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Markets | | | General Motors’ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, although higher prices helped boost revenue, especially in North America.
GM late Tuesday reported net income of $2.94 billion, or $1.35 per share, versus a profit of $3.02... Read the Full Story |
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Markets | | | Payment processing giant Visa's profits rose 21% in the first three months of the year fueled by a large jump in spending on the company's namesake credit and debit card network.
The San Francisco-based company reported Tuesday that it earned $3.65 billion, or $1.70 a share, in its f... Read the Full Story |
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Markets | | | It’s been a wild few months for shares of Activision Blizzard (NASDAQ: ATVI) as they’ve whipped from above $80 to below $60 and back again. Investors of the video game maker have been left guessing what will become of Microsoft’s (NASDAQ: MSFT) acquisition plans, while at the same ... Read the Full Story |
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Markets | | | Simpson Manufacturing Co. (NYSE: SSD) has been riding a wave of growth that can be attributed to two things; the pandemic and its CEO, Karen Colonias. The pandemic unleashed a wave of demand the company is working hard to cash in on, it was Ms. Colonias, however, that guided the company through the tough times and put it on the course it is today. Read the Full Story |
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Markets | | | Price action in Whirlpool (NYSE: WHR) corrected earlier this year but that is over. The correction was driven by fears of underperformance after outperformance was priced in and those fears were misplaced. The company is suffering from supply chain hurdles and inflationary pressures like every other company in business today but it was able to protect its margin. Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Hasbro, Inc., together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparel. Its toys and games include action figures, arts and crafts and creative play products, dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparel, publishing products, home goods and electronics, and toy products. The Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading cards, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. The Entertainment segment engages in the development, production, and sale of entertainment content, including film, television, children's programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as e-commerce retailers; and directly to customers through its e-commerce websites under the MAGIC: THE GATHERING, Hasbro Gaming, PLAY-DOH, NERF, TRANSFORMERS, DUNGEONS & DRAGONS, PEPPA PIG, and other brand names. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island. | | View Today's Stock Pick |
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