Good MorningEquities wobbled on Tuesday as investors prepare for what could be a game-changing CPI read for the FOMC. Today's read laps the onset of high inflation for the first time and is expected to rise another 8% YOY. At this pace, the FOMC almost has no choice but to raise interest rates aggressively and possibly by 75 basis point increments. The next FOMC isn't until June but there is a high expectation for another 50 basis point hike and a slim chance for a larger 75 basis point hike. The next hurdle for the market after the CPI will be the PPI data on Thursday and it, too, is expected to be hot.
The takeaway is that inflation is still on the rise and cutting into corporate profits. S&P 500 companies have been able to maintain their margins so far via price hikes but consumer push-back has begun. With earnings coming under increasing pressure and the FOMC in danger of stalling the economy, there is a real danger for corporate earnings growth to stagnate and the S&P 500 to enter a deeper correction.
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Markets | | |
TWNK stock has sound fundamentals and continues to grow market share
When I was first looking around for stocks to put on my watchlist, Hostess Brands (NYSE: TWNK) wasn’t one that came to mind. TWNK stock is up over 100% since the start of the pandemic. Most of that growth occurred in... Read the Full Story >> |
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From Our PartnersChina's stranglehold on battery-grade lithium may be the #1 security threat facing America today. In 2020 Pres. Trump declared the issue a 'National Emergency'. And Biden's recent signing of Executive Order 14017 has opened the floodgates to vastly higher investment in domestic lithium mining. | | See How Biden & Trump's Policies are Fuelling a Surge in US Lithium Mining |
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Politics | | | Shares rose in Europe on Wednesday after a mixed day in Asia ahead of the release of U.S. inflation data. U.S. futures and oil prices also were higher.
The Labor Department will report consumer inflation for April later Wednesday. Price trends help to shape Federal Reserve policy on ... Read the Full Story >> |
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Stocks | | | A study conducted by Global Market Insights (GMI) concluded that the global e-learning market will grow 20% annually over the next seven years and cross the $1 trillion mark by 2028. Gaining knowledge about which stocks to buy should involve studying these three companies. 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 | | | Ukraine stopped the flow of Russian natural gas on Wednesday through a hub that feeds European homes and stoves, while Kyiv’s military claimed it made some gains in grinding battles near a key northeastern city.
In 11 weeks, the war has played out on battlefields in Ukrainian towns an... Read the Full Story >> |
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Politics | | | A Russia-installed official in Ukraine’s Kherson region says the region’s administration will ask Russian President Vladimir Putin to annex the region.
The deputy head of the Russia-installed administration in Kherson, Kirill Stremousov, told reporters on Wednesday that there are no p... Read the Full Story >> |
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From Our PartnersI thought you'd be interested in this report from Behind the Markets.
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Politics | | | After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases Read the Full Story >> |
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Politics | | | Ukraine’s natural gas pipeline operator has stopped Russian shipments through a key hub in the east of the country.
Wednesday's move was the first time natural gas supply has been affected by the war that began in February. It may force Russia to shift flows of its gas through territo... Read the Full Story >> |
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Stocks | | |
Regional bank and financial services company Fifth Third Bancorp (NASDAQ: FITB) stock has been plunging with the benchmark indices. The bank was selected as one of Ethisphere’s “World’s Most Ethical Companies” for the third year. The Company has achieved the lowest CRE and ... Read the Full Story >> |
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Markets | | | XPO Logistics (NYSE: XPO) has been working hard on a transformation plan that is guaranteed to deliver results for investors. To put it simply, the company is divesting itself of non-core assets and using the money to improve the balance sheet and grow the core business. Read the Full Story >> |
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Markets | | | Shares of PetMeds (NASDAQ: PETS) are rocketing higher in the wake of what we can only call a mixed report. The news wasn’t bad and it wasn’t good and it certainly isn’t enough to have shares up by 9%, not unless you factor in the short interest. Read the Full Story >> |
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The Early Bird Stock Of The DayWednesday: Stock With Upcoming Ex-Dividend Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services. Its occupier services and products comprise tenant representation; real estate management technology systems; workplace and occupancy strategy; global corporate consulting; project management; account and transaction management; and lease administration and facilities management services. The company provides its services to commercial real estate tenants, investors, owners, occupiers, and developers, as well as lenders and multi-national corporations. As of December 31, 2021, it operated approximately 160 offices on four continents. The company was formerly known as Newmark Knight Frank and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. | | View Today's Stock Pick |
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