Good MorningEquity markets tried to advance on Monday, hoping a debt-ceiling deal was reached. However, those hopes were dashed by mounting opposition from Republicans and a few Democrats. The news brings the chance of default much closer, which could have far-reaching implications for the market. The caveat is that no-debt-ceiling standoff has yet resulted in a major economic crash or market downturn, and this one is unlikely to do so as well. Interest rates will bring the market down, and there is no indication the FOMC will be cutting rates any time soon.
The next FOMC meeting is in 2 weeks. The odds of another FOMC interest rate hike are 65% due to the hot read on inflation last week. This will put the base rate at 525 basis points and near the top of the cycle. The risk for the market is that inflation will not subside appreciably for several more quarters if then and that rates will remain high indefinitely. In this scenario, investors should expect outflows from equity markets to continue. Featured: Your NEW Free Gold Guide! (Gold Allied Trust) 
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Politics | | | Malaysia will stop exporting chickens from Wednesday in a protectionist move to bolster domestic food supply, sparking distress in neighboring Singapore where chicken rice is a national dish.
Prime Minister Ismail Sabri Yaakob announced last week that, beginning June 1, Malaysia will ... Read the Full Story |
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Markets | | | Price action in Broadcom (NASDAQ: AVGO) experienced significant downward pressure over the past two quarters but we think those days are behind the stock. The downward pressure is due in large part to institutional selling that we see ending now the Q2 results are in the bag. Read the Full Story |
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Markets | | |
It’s been 16 months since GameStop Corp. (NYSE: GME) blasted into the stratosphere fueled by extreme trading euphoria.
Since its abrupt return to Earth, there have been a few minor ignitions but nothing of the epic variety. Still, loyal meme stock enthusiasts have stayed at the ready awaiti... Read the Full Story |
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Markets | | | Workday (NASDAQ: WDAY) is yet another example of a solid yet high-flying company getting its target reeled in. the company did not produce a bad quarter but the Q1 results and outlook suggest the company’s growth and earnings are more than priced in Read the Full Story |
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Politics | | | Russian troops pushed deeper into a key eastern Ukrainian city Monday, fighting street by street with Kyiv's forces in a battle that has left Sievierodonetsk in ruins. In a bid to pressure Moscow to end the war, the European Union agreed to embargo most Russian oil imports by the end of the year.
... Read the Full Story |
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Politics | | | It now costs Ayan Hassan Abdirahman twice as much as it did just a few months ago to buy the wheat flour she uses to make breakfast each day for her 11 children in Somalia's capital.
Nearly all the wheat sold in Somalia comes from Ukraine and Russia, which have halted exports through... Read the Full Story |
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Politics | | | European Union leaders gathered Monday in a new show of solidarity with Ukraine, but divisions over whether to target Russian oil in a new series of sanctions exposed the limits of how far the bloc can go to help the war-torn country.
Ukrainian President Volodymyr Zelenskyy addressed ... Read the Full Story |
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Politics | | | In 2013, the first of more than 200 workers who labored to clean up the nation's worst coal ash spill filed a suit against the contractor, blaming Jacobs Engineering for illnesses they believe were caused by exposure to heavy metals and radioactive particles in the ash. Nearly a decade later, not a ... Read the Full Story |
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Markets | | | Ulta Beauty (NASDAQ: ULTA) highlights the dichotomy of mall-based retailers; either you have it or you don’t. When it comes to what the public wants, the FQ1 results prove that Ulta definitely has what the consumers want. The company’s results were so far above the consensus as to be game-changing and that is seen in the analyst's activity as well. Read the Full Story |
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Markets | | | Building materials supplier Builders FirstSource (NASDAQ: BLDR) stock has been basing for the last month in the bear market as shares are down (-20%) year-to-date. Rising interest rate headwinds are cooling consumer mortgage applications but there’s still a supply shortage of homes that will f... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day United Therapeutics Corporation, a biotechnology company, engages in the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening diseases in the United States and internationally. The company offers Tyvaso DPI, an inhaled dry powder via pre-filled and single-use cartridges; Tyvaso, an inhaled solution via ultrasonic nebulizer; Remodulin (treprostinil) injection to treat patients with pulmonary arterial hypertension (PAH) to diminish symptoms associated with exercise; Orenitram, a tablet dosage form of treprostinil, to delay disease progression and improve exercise capacity in PAH patients; and Adcirca, an oral PDE-5 inhibitor to enhance the exercise ability in PAH patients. It also markets and sells Unituxin (dinutuximab) injection, a monoclonal antibody for treating high-risk neuroblastoma; and Remunity Pump, which contains a pump and separate controller for Remodulin. In addition, the company engages in developing RemoPro and Ralinepag for the treatment of PAH; Aurora-GT, a gene therapy product to rebuild the blood vessels in the lungs; and Nebulized Tyvaso, for the treatment of idiopathic pulmonary fibrosis, as well as xenografts, which are development-stage organ products. It has licensing and collaboration agreements with DEKA Research & Development Corp. to develop a semi-disposable system for the subcutaneous delivery of treprostinil; MannKind Corporation to develop and license treprostinil inhalation powder and the Dreamboat device; and Arena Pharmaceuticals, Inc. to develop Ralinepag. The company was incorporated in 1996 and is headquartered in Silver Spring, Maryland. | | View Today's Stock Pick |
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