Good MorningEquities rebounded on Wednesday despite signals the Fed will act more aggressively than the market is pricing in. The minutes indicate the FOMC is prepared to go beyond "tightening" to "restrictive" policy in order to tame inflation but is worried about risks to the system. The S&P 500 moved up to the highest level in over a week on the news and may move higher on Thursday but the index is not out of the woods. The market is still trading well below a key resistance target and there is a very important data point due out on Friday.
The PCE price index is due out tomorrow and could shock the market. The market is expecting signs of cooling and peaking but there is risk in that outlook. The bulk of CEOs reported rising inflation in their earnings reports this cycle and that does not suggest peaking or cooling for the consumer. A hot number will seal the deal on a "restrictive" policy change and heighten the risk of recession. Featured: 5 "Diamonds in the Rough" (WIA) 
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Tech | | | Stock indexes on Wall Street marched broadly higher Wednesday afternoon following the release of minutes from the Federal Reserve's most recent interest rate policy meeting.
The rally, which followed a stretch of mostly choppy trading, came as investors reviewed the minutes from the m... Read the Full Story |
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Politics | | | Major global stock markets were mostly lower Thursday after notes from the Federal Reserve’s latest meeting confirmed expectations of more interest rate hikes but held no surprises to rattle investors Read the Full Story |
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Politics | | | Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high Read the Full Story |
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Tech | | | Both Ukrainian and European Union officials have pointed out how Europe is sending massive amounts of funding to Ukraine amid Russia’s invasion, while still fueling Vladimir Putin’s war machine by buying Moscow’s oil and and natural gas Read the Full Story |
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Politics | | | The U.S. Environmental Protection Agency on Wednesday proposed restrictions that would block plans for a copper and gold mine in Alaska's Bristol Bay region, the latest in a long-running dispute over efforts by developers to advance the mine in a region known for its salmon runs.
Crit... Read the Full Story |
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Markets | | | We were pleasantly surprised to see shares of Big Lots (NYSE: BIG) up 12% but could not understand why until we saw the short interest. The stock has been in a downtrend for some time driven by dwindling analysts' sentiment, fear of slowing sales, and an ever-growing short interest that reached lofty levels above 25% in the weeks ahead of the Q2 report. Read the Full Story |
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Markets | | |
Agilent Technologies Raises Guidance, So What?
Agilent Technologies (NASDAQ: A) had a good quarter in FQ2, and calendar Q1, but there is one glaring problem with the report. The company’s results are good, and the outlook is good, but it’s all priced into the stock, and the stoc... Read the Full Story |
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Markets | | | Dick’s Sporting Goods (NYSE: DKS) is a great example of a phenomenon we are observing in the market today. The company once supported and inflated by stimulus tailwinds and stay-at-home spending is deflating in the absence of the said stimulus. Read the Full Story |
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Markets | | | There’s been something interesting happening with shares of conference call technology stock Zoom Video (NASDAQ: ZM) in recent weeks. Since the middle of May, their shares have popped more than 10%, while the tech-heavy Nasdaq index has barely managed to stay flat. Indeed, it was only last Fri... Read the Full Story |
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Healthcare | | |
Global dental products provider Dentsply (NASDAQ: XRAY) stock has been plunging worse than the benchmark indices down (-34%) on the year. The maker of SureSmile clear dental aligner systems has diversified its portfolio with the acquisition of Byte and Propel Orthodontics. The Company admittedly h... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Express, Inc. operates as a fashion retail company that offers apparel and accessories in the United States and Puerto Rico. The company sells its products under the UpWest and Express brands for men and women through its retail and factory outlet stores; express.com, an online store; and Express mobile app, as well as franchisees Express locations in Latin America. The company was formerly known as Express Parent LLC and changed its name to Express, Inc. in May 2010. Express, Inc. was founded in 1980 and is headquartered in Columbus, Ohio. | | View Today's Stock Pick |
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