Good MorningEquities extended their selloff on Wednesday with the S&P 500 falling more than 1.50% to the lowest level in over a year. The move was driven by a hotter than expected CPI read and took the index firmly below the 4,000 level. The CPI came in at 8.3% YOY or up 0.2% from the previous month putting an end to the idea that inflation had peaked. The next big hurdle for the market will come today in the form of the PPI index. The PPI index is also expected to subside on a month-to-month basis but may come in much hotter than expected.
With inflation on the rise, the FOMC will come under even more pressure to act. Although the Fed has said it won't hike rates by 75 basis points we feel it is on the table now. The risk for the market is not pricing in a recession because it looks like one is on the way.
Featured: Man who called 2020 Crash: Huge Event in 2022 (Stansberry Research) 
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If the company continues to maintain its pricing power, BUD stock may be a shrewd buy
Equities continue to whipsaw back and forth which makes the near-term outlook for buying stocks a little dicey. And calling a bottom or top is always a fool’s errand. In fact, many investors can use ... Read the Full Story |
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There’s no reason to chase these stocks on the way down, but keep an eye on park attendance
Investors expecting any relief from inflation will have to wait a little longer. The Consumer Price Index (CPI) showed inflation slightly lower on a year-over-year basis. However, by any metric... Read the Full Story |
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Politics | | | BERLIN — Russia has imposed blocking sanctions on the entire Gazprom Germania Group taken under control by the German government.
According to a Russian government decision published Wednesday, there are 31 companies on the list, most of which belong to the Gazprom Germania Group.
... Read the Full Story |
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Markets | | | Wendy’s (NASDAQ: WEN) is still growing but the growth story propelling the stock has come to an end. The company’s Q1 earnings report reveals that not only is revenue growth slowing in the face of a growing store count but inflation continues to cut into the bottom line. Read the Full Story |
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Politics | | | MOSCOW — A top Russian official says that there is a growing threat of the fighting in Ukraine spilling into a direct conflict between Russia and NATO.
Dmitry Medvedev, the deputy head of Russia’s Security Council chaired by President Vladimir Putin, said Thursday that growing Western... Read the Full Story |
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Tech | | | The name “FIFA” can bring to mind images of the World Cup and soccer’s greatest players, like Pele, Zinedine Zidane or Lionel Messi. The acronym for the sport’s governing body may also remind some of shameless bribery and corruption.
For many, though, it’s the video game that is synon... Read the Full Story |
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Markets | | | Plant-based meat company Beyond Meat reported lower-than-expected revenue in the first quarter as it slashed prices and demand from restaurants fell.
The El Segundo, California, company said its revenue rose 1.2% to $109.5 million in the January-March period. Wall Street had forecast ... Read the Full Story |
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Markets | | | Joyous bedlam erupted at an employee appreciation and awards buffet at The Cosmopolitan of Las Vegas when the resort chief executive announced that all 5,400 people who work there will receive a $5,000 bonus Read the Full Story |
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Glass and optical technology products producer Corning (NYSE: GLW) stock has been very resilient as it is only down (-1%) versus down (-23%) for the Nasdaq 100 index. The maker of Gorilla Glass, COVID-19 vaccine vials, and glass substrates used for LED displays and optical fiber, is riding a numbe... Read the Full Story |
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Markets | | | The shoe business has been good for Wolverine Worldwide (NASDAQ: WWW) and it should continue to be good for the remainder of the year. The company’s business is supported by secular trends that should sustain growth in the high teens this year and into the next and there is margin improvement in the forecast as well. Read the Full Story |
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Thursday's Early Bird Stock Of The Day Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices. Its products are used in asset trackers; sensors; retail displays; and security devices; smart home; medical; industrial; and other sensors; electronic shelf labeling; logistics and asset tracking tags and sensors; computer mice and keyboards; remote controls; gaming consoles and controllers; hearing aids; rechargeable batteries; automotive accessories; smart textiles; wearables; and medical devices. The company was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014. Energous Corporation was incorporated in 2012 and is headquartered in San Jose; California. | | View Today's Stock Pick |
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