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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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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Tech | | | Toyota's profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still wrapped up a year of record earnings.
Toyota Motor Corp. reported Wednesday a profit of 533.8 billion yen ($4.1 billion) in the last quarter, down from 777.1 billion yen t... Read the Full Story |
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Politics | | | WASHINGTON — The U.S. House emphatically approved a fresh $40 billion Ukraine aid package Tuesday as lawmakers beefed up President Joe Biden’s initial request, signaling a magnified, bipartisan commitment to thwart Russian President Vladimir Putin’s bloody three-month-old invasion.
T... Read the Full Story |
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Markets | | | Peloton's uphill ride to get more sales is getting rougher as more people return to gyms and other pre-pandemic exercise routines and embrace cheaper options.
The maker of high-end exercise bikes and treadmills, once highflying in the early days of the pandemic, on Tuesday reported mo... Read the Full Story |
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Politics | | | The U.N. General Assembly has voted overwhelmingly for the Czech Republic to replace Russia on the world organization’s leading human rights body following its suspension over allegations of horrific rights violations by Russian soldiers in Ukraine Read the Full Story |
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Markets | | | Just as Americans gear up for summer road trips, the price of oil remains stubbornly high, pushing prices at the gas pump to painful heights.
Drivers were paying $4.37 for a gallon of regular Tuesday, on average, according to AAA. That's 25 cents higher than a month ago, and $1.40 mor... 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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Wednesday's Early Bird Stock Of The Day FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers. The company also provides retail POS payment solutions, which focuses on LTO products and facilitating other retail financing payment options across the network of traditional and e-commerce merchant partners. It serves cash and credit-constrained consumers. The company was formerly known as FirstCash, Inc and changed its name to FirstCash Holdings, Inc. in December 2021. FirstCash Holdings, Inc was incorporated in 1988 and is headquartered in Fort Worth, Texas. | | View Today's Stock Pick |
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