Good MorningEquities wobbled on Thursday after opening at a new low. The action was driven by a hot PPI report that shows producer level inflation is still on the rise and accelerating on a YOY basis. The takeaway for investors is that, with producer prices still on the rise, consumer prices are going to rise as well and that is bad news for the economy. Inflation has been above the Fed's 2.0% target for over a year now and accelerating which is a situation that will force them to act and possibly more aggressively than they've been indicating. Because there is still more than a month before the next meeting and a full round of economic data, we think the market is in for more volatility if nothing else.
Next week, the market will have little to move it other than economic data. The earnings season is all but over and what's left is mostly consumer and retail names. The risk for the market is that consumer spending may flag in the face of rising prices and send the market into an earnings recession. Featured: Alert: Are all your retirement savings in cash, stocks and bonds? (ad) 
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Markets | | | Asian shares bounced back Friday from losses earlier in the week, shrugging off data showing U.S. wholesale prices soared 11% in April from a year earlier.
The regional rally followed a mixed and muted close on Wall Street. Oil prices and U.S. futures also were higher.
... Read the Full Story >> |
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Markets | | | Shares of Dutch Bros (NYSE: BROS) are down 40% following the Q1 report and at levels we think too good to pass up. The caveat is that, while the growth story is still intact, the fall in share prices is driven by a combination of factors that promises volatility if not even better entry points. Read the Full Story >> |
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Markets | | | World shares bounced back Friday from losses earlier in the week, shrugging off data showing U.S. wholesale prices soared 11% in April from a year earlier.
Gains in Europe and Asia followed a mixed and muted close Thursday on Wall Street. Oil prices and U.S. futures also were higher.... Read the Full Story >> |
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Markets | | | Video game maker Electronic Arts (NASDAQ: EA) reported their fiscal Q4 earnings this week, and they more than justified the stubbornness seen in their shares in recent weeks. While equity markets have sold off relentlessly during what is turning out to be one of the worst starts to a year in living ... Read the Full Story >> |
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Stocks | | |
Plant-based meats producer Beyond Meat (NASDAQ: BYND) stock has been taking a beating since peaking at its $221 pandemic highs and tanking harder than the indices’ sell-off. Rising labor costs and inflation have cut into the thin margins as COVID surges continue to plaque its operations. The... Read the Full Story >> |
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Markets | | | One of the world’s biggest airlines and the Mideast’s top carrier, Emirates Air, said Friday it lost $1.1 billion over the past fiscal year, but that figure still marks an 80% improvement from the year before. The airline said revenue was up 91%, reaching $16.1 billion.
As Emirates Ai... Read the Full Story >> |
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Markets | | | Honda’s fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year as it endured supply shortages and rising raw materials costs.
Tokyo-based Honda Motor Co. reported Friday that its profit was 124.8 billion yen ($967 million) in the Ja... Read the Full Story >> |
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Politics | | | WEISSENHAUS, Germany — Britain’s top diplomat has called for further international efforts to help Ukraine defend itself against Russia.
Foreign Secretary Liz Truss told reporters at a meeting with her counterparts from the Group of Seven powerful economies on Friday that “it’s very i... Read the Full Story >> |
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Markets | | | As bad as the outlook for inflation and the economy is, the times are good for the travel industry. The travel industry has been shackled for the last 2+ years and is finally coming out of those dark times. Read the Full Story >> |
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Markets | | | If there is one key takeaway from the April CPI and PPI data it is that inflation has not peaked and prices are still rising. Our take on this is the FOMC has lost control of the economy and will be forced to act more aggressively than they’ve so far indicated. Read the Full Story >> |
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The Early Bird Stock Of The DayFriday: Stock With Insider Buying Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners. The Fintech segment offers customer deposit and loan accounts, as well as manages an institution's general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, item processing and source capture, and other products and services. The Payments segment offers card transactions, such as debit, credit, and prepaid card processing and services; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves business, banks, credit unions, other financial institutions, merchants, and corporate clients. The company was incorporated in 1984 and is headquartered in Brookfield, Wisconsin. | | View Today's Stock Pick |
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