Good MorningEquity markets resumed their selling on Wednesday after comments from Fed chief Jerome Powell and weak earnings from the retail sector put the fear of recession back into the market. Jerome Powell says the FOMC will continue to raise rates until inflation subsides, a stance the committee has not held for many, many years. What this means for investors is that 50 basis point interest rate hikes should be expected through the end of the year and it should be no surprise if inflation lingers into 2023.
Next week, the market may get another shock with the monthly PCE Price Index. The index is the Fed's favored tool for measuring consumer inflation and it is expected to be hot. Regardless of the number, it would take a sustained period of declining and low inflation to get the Fed off the hook in regards to rate hikes. Featured: Is This the New Normal for Gold? (Ad) 
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Consumer Discretionary | |
The TJX Companies Beats And Raises On Strong Results
The TJX Companies (NYSE: TJX) proves that it is not all doom and gloom in the retail sector. While the front-line retailers like Target and Walmart are struggling with growth and margins the off-price retailers like The TJX Companies are comin... 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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Technology | |
Shares of Nvidia Corp (NASDAQ: NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and th... Read the Full Story |
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Consumer Staples | | Healthy consumer snacks and beverage company Simply Good Foods (NASDAQ: SMPL) stock has been performing relatively strong compared to the benchmark indices. The healthy lifestyle foods company includes well-known brands like Atkins and Quest Nutrition, commonly found in grocery and convenience store... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Discretionary | | Shoe Carnival Moves Lower Despite Upside Surprises
Shoe Carnival (NASDAQ: SCVL) had a tough quarter in Q1 and shares are moving lower because of it. The problem is that revenue, margin, and earnings all fell relative to last year but there is a mitigating factor we think readers should be aware of... Read the Full Story |
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Technology | | Dynatrace, (NYSE: DT) is a victim of its own success. The stock's revenues and share price were trending higher and higher quarter to quarter. Nothing looked to be able to stop it from reaching a new ATH and then some, which was until the market decided it was too expensive and has taken it for a ri... 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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Technology | |
Not All Tech Is The Same, Analog Devices Moves Higher
While the broader tech sector is collapsing under the weight of inflation and the expectation for higher interest rates Analog Devices (NASDAQ: ADI) is quietly setting new records. The company has proven that demand for integrated circuit tec... Read the Full Story |
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Communication Services | | If you managed to avoid the 50% sell-off seen in Disney (NYSE: DIS) stock over the past year, get excited. It might just be time to start backing up the truck. The entertainment giant released their Q2 earnings last week and gave investors a lot to chew on. At first glance, however, they didn’... Read the Full Story |
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Consumer Staples | |
Inflation Takes A Bite Out Of Target’s Bottom Line
Target (NYSE: TGT) reported earnings and the news mirrors what we heard from Walmart (NYSE: WMT). The company was able to sustain YOY growth but on the back of higher prices and yet inflation still took a big bite out of the bottom line. T... Read the Full Story |
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Communication Services | | 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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Markets | |
No Heat In Weber, Inc’s Outlook, Shares Fall
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 o... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Recruiter.com Group, Inc. operates an on-demand recruiting platform in the United States and internationally. It offers consulting and staffing services for the placement of professional recruiters; and consulting and staffing personnel services to employers. The company also provides referrals of qualified candidates to employers; and subscription to its web-based platforms that help employers recruit talent. In addition, it offers sponsorship of digital newsletters, online content promotion, social media distribution, banner advertising, and other branded electronic communications services for businesses; and resume distribution services, which involve promoting these job seekers' profiles and resumes to assist with their procuring employment, and upskilling and training for individuals to assist with career development and advancement. The company is based in Bristol, Connecticut. | | View Today's Stock Pick |
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