Good MorningEquities rebounded for a fourth day as investors scoop up newly found bargains. The move may gain momentum now that retail sales data and earnings from the major retailers is in, but investors should be cautious in the near term. While bullish, the action of late is driven in large part by short selling and short-covering so should not be viewed as true buying. The S&P 500 may continue to move upward in the near term but there is a chance for resistance at the 4,100 to 4,200 range. If resistance is present at that range the index could fall back to the newly set low and possibly lower.
The next big hurdle for the week will come next Friday in the form of the PCE price index. The PCE price index is the Fed's favored tool for measuring consumer-level inflation and it has been running very hot over the past year. Another month of record-level inflation with no sign of it relenting could seal the fate of the Fed's ability to provide a soft landing in regard to the economy. With inflation running rampant, the FOMC may have no choice but to intentionally induce a recession. Featured: I warned you about Nvidia… now look what’s happening (Ad) 
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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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Politics | | | The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the U.S.-backed opposition and the government of President Nicolás Maduro Read the Full Story |
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Tech | | | Stocks rose in afternoon trading on Wall Street Tuesday as investors review an encouraging report on retail sales and a mixed batch of earnings updates from several big retailers.
The S&P 500 rose 1.2% as of 2:33 p.m. Eastern. The Dow Jones Industrial Average rose 205 points, or 0... Read the Full Story |
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Politics | | | Germany’s three governing parties plan to strip former Chancellor Gerhard Schroeder of his office and staff after he maintained and defended his long-standing ties with Russia despite the war in Ukraine Read the Full Story |
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Politics | | | House Democrats unveiled a $28 million emergency spending bill Tuesday to address the shortage of infant formula in the United States.
Rep. Rosa DeLauro, the Democratic chair of the House Appropriations Committee, said the money would increase Food and Drug Administration staffing to ... Read the Full Story |
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Politics | | | Ukraine’s deputy defense minister expressed hope on Tuesday that the 264 Ukrainian fighters extracted from the Azovstal steel mill in Mariupol will be exchanged for Russian prisoners of war, despite remarks by a top Russian official who called them “criminals” who have to be “brought to justice.”
... Read the Full Story |
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Stocks | | | Walmart (NYSE: WMT) has been one of the few retailers who haven’t leaned into pricing to boost its results but that may be about to change. The company’s strategy helped it sustain YOY revenue growth but at a very tepid rate while bottom-line results were eroded by inflation. Read the Full Story |
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Markets | | | Video-game maker Take-Two Interactive (NASDAQ: TTWO) had been having a run of very poor form before their fiscal Q4 earnings were released this week. Since hitting an all-time high in January of 2021, they’ve only gone down since, a full 50% to be exact, with any hint of a rally in the meantim... Read the Full Story |
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Stocks | | | There were great hopes for Weber, Inc (NYSE: WEBR) and the grilling industry in general but those hopes have gone up in smoke. While business is still good, growth is slowing under the influence of inflation, supply chain headwinds, and a lack of stimulus and shares are suffering for it. Read the Full Story |
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Markets | | | Streaming platform and hardware provider Roku (NASDAQ: ROKU) stock has tumbled (-58%) for the year and over (-70%) since hitting its all-time high of $490.76 on July 19, 2021. The leading U.S. streaming player has continued to ride the cord-cutting tailwinds. TV streaming devices surpassed legacy se... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, the company provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair services. Further, it offers warranty and after-market repair services. It offers its products through a direct sales force, independent sales representatives, channel partners, and distributors. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado. | | View Today's Stock Pick |
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