Good MorningEquity markets started the 2nd quarter on shaky footing with the S&P 500 hovering near break-even on Friday. The move was driven by weaker than expected labor data amplified by the ever-rising threat of inflation. Job creation topped 400,000 for March but fell short of the consensus while wages rose at the fastest YOY pace since the first months of the pandemic. The data points to both tightening labor conditions and accelerating inflation that more than suggest Fed action is needed.
This week will be a quiet week for the market with little on either the economic or earnings calendar. The biggest news of the week, other than geopolitical, will be the FOMC minutes on Wednesday. The minutes will most likely reveal a more hawkish than previously expected FOMC and up the stakes in regards to interest rate hikes. At this point, the FOMC is expected to raise rates by 50 basis points at the next two meetings and that could extend to three meetings if there is no real deceleration in consumer-level price increases. Featured: Jeff Brown: My shocking meeting in Washington, D.C. (Ad) 
|
Markets | | |
BlackBerry will need more than its iconic name to impress investors
BlackBerry (NYSE:BB) stock took a plunge the day after reporting mixed earnings. The company beat on non-GAAP earnings and surprised with a positive 6 cents per share as opposed to the negative one cent per share that analy... Read the Full Story |
|
From Our Partners | | Bitcoin just smashed through $122,000 — exactly as crypto analyst Juan Villaverde predicted.
Now he says it’s headed for $150K… but believes one lesser-known coin could outperform Bitcoin entirely. He’s sharing the name and setup behind it — just as we enter what he calls the biggest crypto bull run in history. | | See the coin Juan says could beat Bitcoin in this bull market |
|
Politics | | | China has sent more than 10,000 health workers from around the country to Shanghai, including 2,000 from the military, as it struggles to stamp out a rapidly spreading outbreak in its largest city under its zero-COVID strategy.
Shanghai was conducting a mass testing of its 25 million ... Read the Full Story |
|
Politics | | | China has sent more than 10,000 health workers from across the country to Shanghai, including 2,000 military medical staff, as it struggles to stamp out a rapidly spreading COVID-19 outbreak in China's largest city.
The city was conducting a mass testing of its 25 million residents Mo... Read the Full Story |
|
From Our Partners | | A little-known Title 15 provision could let you collect instant payouts — $100 to $1,000 — directly from your smartphone.
You don’t need to trade stocks or own assets. Jeff Clark has used this strategy for years with elite clients, and now he’s revealing it in a short video for everyday Americans. | | Watch how to collect your first payout here |
|
Tech | | | BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts.
For more than a year, the global auto industry has struggled with a disastrous shortage of co... Read the Full Story |
|
Politics | | | KYIV, Ukraine — Ukraine’s prosecutor-general says the bodies of 410 civilians have been removed from Kyiv-area towns that were recently retaken from Russian troops.
Iryna Venediktova says on Facebook that the bodies were recovered Friday, Saturday and Sunday. She says 140 of them have... Read the Full Story |
|
From Our Partners | | A couple of years ago, we started playing with the massive amounts of data that MarketBeat takes in everyday trying to figure out if there was a way to identify short term trading wins. By analyzing earnings data, news sentiment, analyst recommendations, insider transactions and dozens of other data points, we think we’ve found an algorithm that finds interesting short-term stock ideas. We call that algorithm the IdeaEngine and its stock ideas are published on MarketBeat All Access every Monday morning. We make one IdeaEngine idea available free every Monday as an SMS alert. We’ll be releasing the next IdeaEngine alert on Monday morning, so make sure you are signed up before then.  | | Get MarketBeat IdeaEngine Alerts (Free) |
|
Politics | | | White House chief of staff Ron Klain says the U_S_ remains fully committed to providing a full range of economic and military support to Ukraine in its war against Russia, which describes as “far from over.” Read the Full Story |
|
Markets | | | Global digital marketplace Etsy (NASDAQ: ETSY) stock has sold off dramatically worse than the benchmark indices in 2022. The popular e-commerce platform was a pandemic winner as the lockdowns introduced millions of new customers to platform. Despite supply chain and logistics disruptions, the Compan... Read the Full Story |
|
Markets | | | Food and beverage maker Campbell Soup Company (NYSE: CPB) shares are attempting to stage a breakout after bouncing off the $40.00 support level. The grocery stockpiling phenomena of the pandemic may have dissipated, but the demand for groceries have continued to strengthen amid inflationary pressure... Read the Full Story |
|
Markets | | | Recreational vehicle (RV) manufacturer Winnebago Industries (NYSE: WGO) shares have been selling off with the benchmark indices and continues to sell-off despite the market rebound. The iconic maker of campers and RVs has enjoyed a resurgence of demand fueled by pandemic lockdowns that caused consum... Read the Full Story |
|
Stocks | | |
Enterprise identity solutions provider Okta (NASDAQ: OKTA) stock has been on a nasty downtrend since peaking out at $294 in February 2021. Cybersecurity is a constant in the headlines as organizations are placing a higher priority on securing their data. Identity management is at the forefront of ... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Diversey Holdings, Ltd., through its subsidiaries, provides hygiene, infection prevention, and cleaning solutions in Europe, North America, the Asia Pacific, the Middle East, Africa, and Latin America. It operates through two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management. This segment serves customers in the healthcare, education, food service, retail and grocery, hospitality, and building service contractors industries. The Food & Beverage segment provides a range of products, solutions, equipment, and machines, such as chemical products, engineering and equipment solutions, knowledge-based services, training through its Diversey Hygiene Academy, and water treatment. This segment serves customers in the brewing, beverage, dairy, processed foods, pharmaceutical, and agriculture industries. Diversey Holdings, Ltd. was founded in 1923 and is headquartered in Fort Mill, South Carolina. As of July 5, 2023, Diversey Holdings, Ltd. operates as a subsidiary of Solenis LLC. | | View Today's Stock Pick |
|
