Good MorningSelling on Wall Street gained new intensity last week after the PCE price index proved the FOMC was out of time. The market, hopeful that year-over-year comps in consumer inflation would tame, was disappointed with another acceleration of the same. The news sent the S&P 500 down to the lowest levels in weeks and leaves it in danger of breaking through key support this week.
This week there are several market-moving catalysts to be aware of including the non-farm payrolls report on Friday and the FOMC policy announcement on Wednesday. The FOMC announcement will be the biggest news of the week, however, and may shock the market despite months of foreshadowing by FOMC members. The market is pricing in a 100% chance for a 50 basis point rate increase and the committee could go as high as 75. Regardless, the FOMC is expected to raise rates incrementally at each of the meetings this year and some meetings will bring more than 25 basis points. Featured: A One-Year Subscription for How Much? (Legacy Research) 
|
Politics | | | Tens of thousands of people marched Sunday in cities around Europe for May Day protests to honor workers and shame governments into doing more for their citizens. In France, protesters shouted slogans against newly elected President Emmanuel Macron, a development that may set the tone for his second... Read the Full Story |
|
From Our PartnersAccording to former Goldman Sachs executive Nomi Prins, the copper penny could be the most important story in 2022 for your wealth. | | | | Click to see demo. |
|
Politics | | | COPENHAGEN, Denmark — A Finnish nuclear energy company said Monday it has decided to terminate with immediate effect a contract with Russian state nuclear energy corporation Rosatom for the delivery of a nuclear power plant, in part due to the war in Ukraine “which has worsened the risks for the pro... Read the Full Story |
|
Politics | | | Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer.
Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced the share of Russian energy im... Read the Full Story |
|
From Our PartnersCheck out the 4 penny stocks that our analyst says could be a portfolio saver. These stocks are trading for $5 a share or less and could be a game-changer for investors looking for unique diversity in today's rocky market. | | Get the names & ticker symbols here. |
|
Politics | | | KYIV, Ukraine — Ukrainian President Volodymyr Zelenskyy has confirmed that an evacuation is underway of civilians at a steel plant in the bombed-out city of Mariupol.
Zelenskyy said on social media Sunday that a group of 100 people are on their way from Azovstal steelworks to Ukrainia... Read the Full Story |
|
Politics | | | DUSSELDORF, Germany — German Chancellor Olaf Scholz has pledged to continue to support Ukraine with money, aid and also weapons, saying a pacifist approach to the war is “outdated.”
Speaking at a May Day rally in Dusseldorf, Scholz said: “I respect all pacifism, I respect all attitude... Read the Full Story |
|
From Our PartnersFor the past year, Fed Chair Jerome Powell has whispered sweet, comforting reassurances about the American economy... but the real numbers suggest we're headed for a disaster that could impact every one of us in this country. Today, in this just-released video report, Weiss Ratings' Sean Brodrick unmasks the bald-faced lies and lays out urgent steps to protect our life savings from destruction. | | Click here to discover the truth and learn exactly what to do now. |
|
Markets | | | Despite a double beat in the company’s first quarter earnings, CVX stock fell over 3% on concerns over inflation and rising interest rates. However, when the dust settles Chevron still looks like a buy Read the Full Story |
|
Tech | | | You could almost hear the collective sigh of relief after Apple (NASDAQ: AAPL) released its latest earnings report at the end of yesterday’s session. Investors have already found solace this week with solid results from Microsoft (NASDAQ: MSFT) and Facebook (NASDAQ: FB) helping to at least slo... Read the Full Story |
|
Markets | | | Canadian communications and media giant Rogers Communication (NYSE: RCI) stock made new all-time highs at $64.55 before pulling back down despite the relative weakness in benchmark indices. The broadband provider is seeking to complete and integrate its buyout of Shaw Communications, which it acquir... Read the Full Story |
|
Markets | | | Shares of O’Reilly Automotive (NASDAQ: ORLY) tanked after the company released its Q1 earnings but some are welcoming the news. Analysts Michael Lasser of UBS urged the company’s client to use the pullback as a buying opportunity due to the strength of industry trends. Read the Full Story |
|
Markets | | | Global satellite communications provider Iridium (NASDAQ: IRDM) stock recently took a nosedive from the selling in benchmark indices. The provider of satellite-based broadband caters to industries ranging from aviation, transport, logistics, emergency, maritime, energy, and government. Commercial se... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment offers manual and power clamp, rotary and linear mechanical indexer, conveyor, pick and place unit, glove port, and manipulator, as well as end-of-arm robotic gripper, slide, and end effector; winches, hoists, bearings, drives, and electric monitoring system; and radio frequency and microwave filters and switches, and signal intelligence solutions. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe storage and transport of fuel, cryogenic gases, and hazardous fluids, as well as operation of retail fueling and vehicle wash establishment. The company's Imaging & Identification segment provides precision marking and coding, product traceability equipment, brand protection, and digital textile printing equipment and solution, as well as related consumable, software, and service to packaged and consumer goods, pharmaceutical, manufacturing, fashion and apparel, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company's Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. The company was incorporated in 1947 and is headquartered in Downers Grove, Illinois. | | View Today's Stock Pick |
|
