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: He started with $2,000. Now he's at $3 million. (Ad) 
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Consumer Discretionary | | 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 |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Discretionary | | 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 |
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Consumer Staples | | 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 |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Technology | |
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 |
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Technology | |
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 analysts e... Read the Full Story |
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From Our Partners | | SpaceX just went public - and Whitney Tilson, Harvard MBA and 30-year Wall Street veteran, says buying in could be a costly mistake. He calls it among the most overhyped, overvalued large-cap offerings ever pushed onto everyday investors.
Tilson believes a rare economic event is approaching - one with serious consequences for your portfolio this summer. He has prepared a free analysis outlining what he sees and the specific steps he recommends taking now. | | Read Tilson's free analysis and find out what to do with your money |
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Investing on a Budget? Check Out These Stocks
A lot of thought should go into deciding whether or not to invest in a company, as investors always want to be sure that a stock is worth risking their hard-earned capital on before pulling the trigger on a purchase. Qualities like strong growth pros... Read the Full Story |
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Markets | |
What's a break in the clouds due to the pandemic? Maybe the ease of meeting with your doctor. Currently, 76% of U.S. hospitals connect with patients and practitioners through the use of video and other technology.
Picking the right company may not seem incredibly easy, especially as telehealth r... Read the Full Story |
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Consumer Discretionary | |
Basset Furniture Industries Pays Special Dividend
If you need evidence that insider activity is an indicator of future stock performance, look no further than Basset Furniture Industries (NASDAQ: BSET). An insider in the company, William C. Warden, Jr., a director of the company, bought 5,000 sha... Read the Full Story |
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Materials | |
Keep an Eye on These 3 Standout Stocks This Month
With the S&P 500 and the NASDAQ indexes both posting their worst quarters since the pandemic crash of March 2020, investors are likely wondering what’s next for equities this year. Keep in mind that the market would be in a lot worse sha... Read the Full Story |
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Consumer Discretionary | |
Performance in a key niche may very well determine the course of SPWH stock
Sportsman’s Warehouse (NASDAQ:SPWH) continues to fall despite posting a double beat in its most recent earnings report. The outdoor sporting goods retailer posted earnings per share (EPS) of 49 cents outpacing analy... Read the Full Story |
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Monday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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