Good MorningEquities rebounded from Monday's low on Tuesday but investors shouldn't read too much into the news. The FOMC is slated to raise interest rates today and could be more aggressive than the market expects. Even if today's rate hike is only as expected at 50 basis points the outlook for the pace of future hikes is a risk for the market. As it is now, the market is pricing in as many as 6 interest rate hikes by July and that could be 1 or more too few. Based on history, the FOMC will have to quash economic growth to get inflation under control, the question is if they will provide a hard or a soft landing and we are leaning toward the hard landing scenario.
As if the FOMC isn't enough to keep the market occupied, the NFP is due out on Friday and could shock the market as well. There are already some signs that inflation is curbing activity, if signs of slowing show up in the labor data fears of a full-blown recession will increase and the market may move lower because of it. Featured: Elon Musk's Next AI Partnership Could Shake Up This Stock (Ad) 
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Consumer Discretionary | | Investors of coffee giant Starbucks (NASDAQ: SBUX) have had to watch their shares give up almost all of their pandemic fuelled gains since the start of the year. Considering it was only last August when they were hitting fresh all time highs, few would have forecasted the 40% that was awaiting them.... Read the Full Story |
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From Our Partners | | In 1974, a quiet deal between Henry Kissinger and the Saudis reshaped America's monetary order overnight, with no announcement and no vote in Congress.
Decades later, the dollar had lost more than 84% of its purchasing power even as millionaire ranks surged into the millions.
Financial reporter Kimi Weintraub sits down to explore a new, largely unnoticed shift in America's monetary system, one tied to executive orders and a reported 13-nation agreement. | | Watch the full interview before the December 14 Miami summit |
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Healthcare | |
Submitting trades based on an upcoming earnings report is a popular short-term strategy.
However, not all earnings plays are created equal.
Some corporate earnings releases pack more punch than others because they contain a pivotal news item or data. A market braced for a major catalyst often r... Read the Full Story |
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Materials | |
Scotts Miracle-Gro Retracts Guidance
Scotts Miracle-Gro (NYSE: SMG) is experiencing the “cannabis effect” and we should have seen it coming. They got into the cannabis business with the acquisition of Hawthorne way back when there was still some optimism the industry was going to boo... Read the Full Story |
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Communication Services | |
The sports-forward service must show investors that it’s plans to capture market share are working
One of the more intriguing of the meme stocks from 2021 was FuboTV (NYSE: FUBO). I say intriguing because unlike some of the companies that got caught up in the meme trade, Fubo was generatin... Read the Full Story |
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Industrials | |
3M is a value stock that is aligned with many of the market’s most disruptive sectors
3M (NYSE: MMM) delivered a double beat when it reported earnings on April 26. That wasn’t enough to satisfy investors who were in a selling mood. However, the stock is starting to rally. And MMM sto... Read the Full Story |
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From Our Partners | | Every afternoon at 2:00 PM Eastern, roughly $3.5 billion in institutional money flows into the market as pension funds and 401(k) contributions get deployed before the close.
Researchers at Duke, Stanford, Notre Dame, and the Nasdaq Economic Advisory Board have studied this pattern. During one volatile week in June, a $1,000 trade set at 2:00 PM settled by 4:00 PM five days in a row, and the full month produced $2,016 in net income on a single contract. | | Watch the full 2 PM income breakdown before access closes |
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Industrials | | Transportation management solutions provider Landstar Systems (NASDAQ LSTR) stock has been resilient throughout the selling in the benchmark indices. While fuel prices have risen, the transportation logistics and insurance provider has largely benefitted from the global supply chain disruption and r... Read the Full Story |
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Energy | |
After a brutal April selloff, the U.S. stock market finds itself at a new low for 2022. This is bad news for most investors…unless you’re a swing trader.
The last few market downturns have been excellent opportunities for short-term traders that feast on “buying the dip”.... Read the Full Story |
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Industrials | |
It’s Not Too Late To Get Out Of Rockwell International
The institutional activity data in Q1 and so far in Q2 suggests to us their support of Rockwell International (NYSE: ROK) is beginning to erode. The institutions own about 78% of the stock so this is or could become, rather, a very ser... Read the Full Story |
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Consumer Staples | |
Freshpet Posts Record Quarter
Freshpet’s (NASDAQ: FRPT) Q1 results were not enough to spark a rally in the stock but they are providing a buying opportunity. The company provided mixed results to be sure but the outlook for growth is intact. If anything, the outlook for growth and profitab... Read the Full Story |
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Consumer Discretionary | |
Rising Prices Cut Into Haverty Furniture Company Results
Haverty Furniture Company (NYSE: HVT) did not have a bad quarter by any means but there are signs within the report that point to darker times ahead. The company says demand is falling and noticeably in tune with inflation’s rise and... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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