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.
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Markets | | |
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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Politics | | | World shares fell Thursday following the release of U.S. inflation data that was higher than expected.
U.S. futures and oil prices also fell. A pledge by Chinese leaders of more support for the slowing economy appeared to have little impact.
A report from the U.S. La... Read the Full Story >> |
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Markets | | |
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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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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Politics | | | Russia pounded areas in Ukraine’s east on Thursday, including the last pocket of resistance in besieged Mariupol, as the war pushed Finland closer to ending decades of neutrality and seeking NATO membership.
The conflict on the ground slogged on even as the globe-shaking repercussion... Read the Full Story >> |
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Politics | | | BERLIN — The U.N.'s human rights chief says her office has found that Russian forces and affiliated armed groups are responsible for most civilian deaths during the war in Ukraine.
High Commissioner for Human Rights Michelle Bachelet said the “vast majority” of civilian casualties hav... 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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Tech | | |
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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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat Endo International plc, a specialty pharmaceutical company, manufactures and sells generic and branded pharmaceuticals in the United States and internationally. Its Branded Pharmaceuticals segment provides branded prescription products, including XIAFLEX to treat adult patients with Dupuytren's contracture; SUPPRELIN LA to treat central precocious puberty in children; NASCOBAL nasal spray to treat vitamin B12 deficiency; AVEED to treat hypogonadism; QWO, an injectable treatment for moderate to severe cellulite in the buttocks of adult women; PERCOCET to treat moderate-to-moderately-severe pain; TESTOPEL an implantable pellet indicated for TRT in conditions associated with a deficiency or absence of endogenous testosterone; EDEX to treat erectile dysfunction; LIDODERM a topical patch product containing lidocaine for the relief of pain; and products for the pain management and urology. The company's Sterile Injectables segment manufactures VASOSTRICT, a vasopressin injection; ADRENALIN, a non-selective adrenergic agonist; and APLISOL, which is a sterile aqueous solution, as well as generic sterile injectable products, including ertapenem for injections and ephedrine sulfate injections. Its Generic Pharmaceuticals segment offers solid oral extended-release, solid oral immediate-release, liquids, semi-solids, patches, powders, ophthalmic products, and sprays. The company's International Pharmaceuticals segment offers specialty pharmaceutical products in various therapeutic areas comprising attention deficit hyperactivity disorder, pain, women's health, oncology, and transplantation. The company sells its branded pharmaceuticals and generics to specialty physicians, retailers, clinics, government agencies, doctors, retail and specialty pharmacies, and specialty distributors. Endo International plc was founded in 1920 and is headquartered in Dublin, Ireland. | | View Today's Stock Pick |
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