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: This Social Security Shift Could Boost Benefits by 400% (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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From Our Partners | | The Tesla Shock Nobody Sees Coming
While headlines scream "Tesla is doomed"...
Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs.
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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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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War 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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Friday's Early Bird Stock Of The Day HashiCorp, Inc. engages in the provision of multi-cloud infrastructure automation solutions worldwide. The company offers infrastructure provisioning products, including Terraform, that enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; Packer, that provides a consistent way to define the process of transforming the raw source inputs into a production worthy artifact, across any environment or packaging format; and Vagrant, that allows teams to define how development environments are set up. It also provides security products, such as Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data; and Boundary, that applies an identity-based approach to privileged access management and unifies the controls to a single system. In addition, the company offers Consul, an application-centric networking automation product that enables practitioners to manage application traffic, security teams to secure and restrict access between applications, and operations teams to automate the underlying network infrastructure; Nomad, a scheduler and workload orchestrator, which provides practitioners with a self-service interface to manage the application lifecycle; and Waypoint, an application delivery product that provides a developer-focused workflow for the build, deploy, and release process. Further, it provides HashiCorp Cloud Platform, a fully-managed cloud platform for multiple products to accelerate enterprise cloud migration by addressing resource and skills gaps, improving operational efficiency, and speeding up deployment time for customers. The company was incorporated in 2012 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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