Good MorningEquities began the week on solid footing with the S&P 500 rising more than 1.85% at the high of the day. Investors are warned not to read too much into the move, however, because there are at least two major catalysts this week that could drive the market lower. The first is the release of the FOMC minutes on Wednesday, minutes that could reveal a very hawkish Federal Reserve, and the second is the PCE price index on Friday.
The PCE price index is not expected to subside substantially from the previous month and could even come in hotter than expected. A hot figure will seal the deal on a series of 50 basis point rate hikes and could even lead to a 75 basis point hike at the June meeting. The takeaway for investors is that there are many risks on the horizon and that selling in May and going away until the fall could be the best strategy for the summer. Featured: The Government’s Secret Plan to Control Your Spending (Ad) 
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Markets | | | Since the closely followed benchmarks live and die by their biggest constituents, mega cap names will likely need to mount a comeback for the market to have any chance of finishing higher by year end. Don’t wait too long to jump on these three mega pullbacks. Read the Full Story |
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Politics | | | Global shares declined Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports.
European shares fell in early trading, with France's CAC 40 down 1.3% at 6,275.73. Germany's DAX dipped nearl... Read the Full Story |
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Stocks | | | Price weakness, particularly post-earnings release price weakness in what is otherwise a good, healthy company is often a good time to buy stock. The problem is that all too often bottom-fishing turns into a loss that could have otherwise been avoided. Read the Full Story |
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Tech | | | Stocks closed higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.9%, the Dow Jones Industrial Average rose 2% and the Nasdaq rose 1.6%. Banks and technology stocks made some of the strongest gains. Concern... Read the Full Story |
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Markets | | | Stocks rallied in afternoon trading on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.
The S&P 500 rose 1.8% as of 3:12 p.m. Eastern. The Dow Jones Industrial Average rose 588 points, or 1.9%, to 31,850 and the Nasda... Read the Full Story |
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From Our Partners | | Most traders wait for price to move. But by then, it’s too late.
A former Wall Street insider reveals how to track real-time “money flow” into SPY—spotting reversals before they happen. His system just flagged a trade with a 76% return in 39 minutes. | | See how “money flow” traders stay one step ahead → |
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Politics | | | Ukrainian President Volodymyr Zelenskyy called for “maximum” sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Forum gathering in Davos.
He said sanctions need to go further to ... Read the Full Story |
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Tech | | | Automaker Stellantis has scheduled an announcement for Tuesday in Kokomo, Indiana, for what could be the company's second North American electric vehicle battery factory.
The company said it will give an update on the future of its Kokomo operations at an Indiana community college on ... Read the Full Story |
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Markets | | | Crowdstrike offers investors the chance to invest in a company with extremely consistent YoY growth and exceptional free cash flows. The business has more than quadrupled its TAM with all of it coming from organic growth in demand for cloud cybersecurity services. A true unicorn. Read the Full Story |
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Stocks | | |
Steakhouse operator Texas Roadhouse (NASDAQ: TXRH) stock has been cascading lower as sells off (-21%) on the year. The popular casual dining firm operates brands including Texas Roadhouse, Bubba’s 33, and Jaggers. Inflationary pressures have led to higher prices which helped to bolster sales... Read the Full Story |
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Digital marketplace Farfetch (NASDAQ: FTCH) stock has collapsed over (-75%) off its highs down to pandemic lows while revenue tripled since its IPO. The largest global luxury fashion e-commerce platform was a hot marketplace for sneakerheads and continues to drive double-digit top-line growth. The... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Kratos Defense & Security Solutions, Inc. engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions. The US segment refers to the unmanned aerial, unmanned ground, unmanned seaborne and related command, control and communications system businesses. The company was founded on December 19, 1994, and is headquartered in Round Rock, TX. | | View Today's Stock Pick |
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