Good MorningEquities wobbled at the start of the week as traders prepare for a round of important data and earnings reports. Data in the form of Retail Sales will dominate the news on Tuesday and is expected to show the impacts of inflation. The economists are expecting retail sales to accelerate on a sequential basis but at a tepid 1.1% rate. At this pace, the volume of sales is falling quickly on a YOY basis and price increases are only barely keeping up. Eventually, the balance will tip and retail activity will enter a recession.
On the earnings front, reports from a number of retailers like Walmart, Target, Home Depot, and Lowes are on deck and could alter the market outlook. These are the four horsemen of pandemic spending and have been market leaders up to now. If their results show weakness or a weakened outlook the broader market is likely to fall along with them. Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Markets | | | Warren Buffett's company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks.
But Buffett had already shared the biggest investments with Berkshire Hathaway shareholders at the company's recent annual meeting. That me... Read the Full Story |
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Markets | | | VMWare has great revenues and excellent prospects for continuing to increase its market share. The business is heavily reinvested into its future, but it is facing headwinds from unfavourable macroeconomic forces. Read the Full Story |
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From Our Partners | | Bitcoin is breaking out — and one state just created a Strategic Crypto Reserve.
James Altucher says this marks the beginning of “Trump’s Great Gain,” a new crypto bull phase driven by emerging federal policies. He believes certain altcoins could turn $900 into $108,000 — and reveals everything in a new presentation. | | See Altucher’s Great Gain gameplan here |
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Markets | | | Etsy, Inc. (NASDAQ: ETSY) is one pandemic has-been that could be getting a second wind.Six months ago, a major selloff was unfathomable for the marketplace of all things original. E-commerce was booming
Read the Full Story |
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Markets | | | JetBlue launched a hostile takeover bid for Spirit Airlines on Monday and asked shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines.
JetBlue hopes that its move will push Spirit's board to the negotiating table after the board rejected an earlier... Read the Full Story |
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Markets | | | McDonald's is closing its doors in Russia, ending an era of optimism and increasing the country's isolation over its war in Ukraine.
The Chicago burger giant confirmed Monday that it is selling its 850 restaurants in Russia. McDonald's said it will seek a buyer who will employ its 62,... Read the Full Story |
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Tech | | | It's often said that fans at live concerts give the band a jolt of electricity. Coldplay wants to literally harness that.
The pop superstars have added kinetic dance floors and energy-storing stationary bikes to their latest world tour, encouraging fans to help power the show as they ... Read the Full Story |
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Politics | | | Europe pushed to toughen its response Monday to Moscow's invasion of Ukraine, with Sweden joining Finland in deciding to seek NATO membership and European Union officials working to rescue proposed sanctions on Russian oil.
Ukrainian troops repulsed Russia's attempted advances and eve... Read the Full Story |
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Markets | | | Shares of FIGS, Inc (NASDAQ: FIGS) are moving lower in the wake of the Q1 earnings report and it is no wonder. The niche brand of workwear reports supply chain, inflation, and worse, a shift in consumer spending related to inflation, is cutting into results. Read the Full Story |
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Stocks | | | Shares of Home Depot (NYSE: HD) are up more than 4.0% in premarket trading following what was a better than expected Q1 report. As good as the report is, however, the gains are made on the back of rising prices that are cutting into total volume and the guidance is tepid. Read the Full Story |
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Tuesday's Early Bird Stock Of The Day The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. In addition, it offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. The company distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was formerly known as Cigna Corporation and changed its name to The Cigna Group in February 2023. The Cigna Group was founded in 1792 and is headquartered in Bloomfield, Connecticut. | | View Today's Stock Pick |
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