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: 25 candidates screened. 5 made it. (Ad) 
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Communication Services | | 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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From Our Partners | | Barrick Mining has spent decades building one of the world's great gold districts in Nevada, anchored by Fourmile, Goldrush, and Cortez Hills, a region that could hold as much as 60 million ounces of gold.
Bordering Fourmile and less than a mile from Goldrush sits a little-known explorer now moving from historical data toward active exploration, setting targets and preparing for a maiden drilling program.
With gold trading near record highs, this could be a pivotal stage for an overlooked name in the district. | | See why this overlooked gold explorer could be entering its most important stage |
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Consumer Staples | |
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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Industrials | |
The Analysts Pile Into The Travel Recovery Story
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. The point is that blue-chip travel compa... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Markets | |
Putting together a portfolio of stocks that pay dividends is one strategy to receive a regular income stream from your investments. Companies that pay dividends make regular payments to shareholders, typically in the form of cash payments. However, they may also pay out in the form of stock divide... Read the Full Story |
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Consumer Discretionary | |
Carvana Raises Money Through Stock Offering
Carvana (NYSE: CVNA) insider CEO Ernest C. Garcia III and major shareholder Ernest C. Garcia II made very large purchases of company stock the week after Q1 earnings were released but don’t read too much into the news. While the purchases are a v... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Consumer Discretionary | |
Dutch Bros Goes On Sale, But Wait To Buy
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 vol... Read the Full Story |
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Markets | |
Inflation Accelerates Year-Over-Year And Prices Are Still Rising
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 ... Read the Full Story |
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Technology | |
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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Consumer Staples | |
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 a dri... Read the Full Story |
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Markets | |
Small-Cap Wolverine Worldwide Is A Deep-Value
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 ... Read the Full Story |
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Friday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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