Good MorningThe selloff on Wall Street gained momentum on Tuesday following a surprise report the FOMC was going to hike rates by 75 basis points. The news, which should not have been unexpected, is only the latest indication the Fed's stance toward inflation is getting more hawkish. The risk for the market now is that a single 75 basis point hike will not be enough to clamp down on inflation and another large hike will come in July. If so, the FOMC target rate would hit 2.25% fully two years sooner than the market expected as recently as last summer. This marks a major change in fundamental conditions and will have an impact on economic activity. Looking at the housing market alone, at this pace, the rate on a 30-year mortgage could hit 10% by the end of the year.
After the Fed, earnings will be the next big hurdle for the market and it is only a few weeks until the next peak season. So far, the early reports have been better than expected but we've only seen a few disparate sectors and industries. If the season comes in better than expected the S&P 500 could hit a bottom this summer. If not, we think the S&P 500 could continue to fall into the end of the year. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Markets | |
Integrated circuits (IC) developer Analog Devices (NYSE: ADI) stock has only fallen (-11%) during the technology bear market. A slowing economy riddled with supply chain disruption and falling PC demand is a perfect storm for deeper selling in the sector. Demand still remains strong, especially in... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Energy | |
Energy exploration and drilling company Helmerich and Payne (NYSE: HP) stock has been on a strong rally up 112% for 2022. The largest offshore driller in the U.S. is in the boom cycle with a perfect storm breakout for crude oil prices. The supply-demand constraints are expected to continue and pro... Read the Full Story |
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Consumer Discretionary | |
Insiders Sell Tractor Supply Company But Everybody Else Is Buying
If you are worried about recent insider sales at Tractor Supply Company (NASDAQ: TSCO) don’t be. The insiders don’t hold enough of the shares to really matter and everybody else is buying. While insider sales are conce... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Materials | |
When we think of farming, the word ‘grains’ often comes to mind. Lately, ‘gains’ seems more appropriate—as in the gains that farming-related stocks are cultivating.
Over the past 12 months, the S&P GSCI Agriculture Index is up more than 26%. The benchmark represe... Read the Full Story |
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Materials | |
Inflation continues to run hot, and with the fed behind the curve, economists believe it will take some time before we hit peak inflation. Therefore, it's essential to have stocks in your portfolio that are a hedge against the current inflationary environment. One of the ways you can do that is th... Read the Full Story |
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From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Consumer Staples | |
Sometimes the best offense is a good defense.
With the U.S. stock market slipping into bear market territory, 2022 is looking more and more like the year of the defensive stock.
Sectors known to lag during periods of economic prosperity but hold up well during economic downturns have been shini... Read the Full Story |
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Energy | |
-Devon Energy continues to take advantage of higher oil prices.
-Delaware Basin production continued to drive production for the quarter.
-Operating cash flow rose by 14% to $1.8 billion, and free cash flow rose to $1.3 billion.
-Net income came in at $1 billion, with earnings-per-share coming ... Read the Full Story |
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Markets | |
Zedge Is Falling By The Wayside
Zedge (NASDAQ: ZDGE) was an interesting play on tech back in the days of cheap debt and economic stimulus but those days are over. Looking at this stock from our new perspective, debt is getting more and more expensive, and the business is ultra-exposed to consume... Read the Full Story |
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Technology | |
Braze Beats And Raises Guidance But Analysts Lower Their Targets
Braze, Inc's (NASDAQ: BRZE) Q1 results are another indication a bottom may be forming for cloud stocks. The caveat is that while a bottom may be forming, we are still not counting on a major rebound for the sector and are hesitant ... Read the Full Story |
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Consumer Discretionary | |
Right now, everything is red, including even the old gravity-defying electric vehicle (EV) stalwart Tesla (NASDAQ: TSLA). But despite the stock’s individual performance and the continuing presence of volatility across all equity markets, is there a case for the long side? There just might be... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania. | | View Today's Stock Pick |
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