Good MorningThe rally in equities began to fizzle out on Thursday following another day of commentary from the Fed. Fed Chair Jerome Powell completed the second day of testimony on Capitol Hill, raising the fear of recession once again. In his comments, he says a recession is possible although the evidence suggests a recession is already underway. The textbook definition of a recession is two consecutive quarters of tepid or negative GDP growth and we've already logged one negative quarter this year. Based on the latest reading of the Leading Indicators, the 2nd quarter GDP will most likely be negative as well.
The next big hurdle for the market will come next week with the PCE price index. The index should moderate on a month-to-month and YOY basis but there is no guarantee it will. The most likely scenario is that month-to-month inflation moderated slightly but YOY gains are still robust and will cement the need for aggressive 75 basis point rate hikes from the FOMC. Featured: Trump declares WAR on China (Ad) 
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Markets | | Adaptive network solutions provider Ciena Corporation (NYSE: CIEN) stock has lost (-43%) in the 2022 bear market falling for 11 straight weeks. The optical fiber maker is instrumental in the deployment of 5G infrastructure and growth in wireless and accelerated cloud adoption at the edge of the netw... Read the Full Story |
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From Our Partners | | Porter Stansberry says a dollar reset is underway - one that has happened only once before in America's 250-year history, back in 1974 with a secret Saudi deal that reshaped an entire generation's wealth.
Today, a landmark treaty called Pax Silica - signed by 13 nations in December 2025 and barely covered in the press - is at the center of what Fortune calls 'the biggest change to the world's relationship with the dollar' in a generation. The stocks to buy, the assets to avoid, and the moves to consider are outlined in Stansberry's new briefing. | | Read the full briefing and see how to position yourself now |
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Materials | |
Copper prices are down around 20% from their recent high.
Despite the correction, copper stocks should continue to benefit as prices remain elevated
Demand continues to be for renewables and electric vehicles
Copper outlook
Recession continues to play on the minds of investors globally. A... Read the Full Story |
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Healthcare | | Commercial stage global biotech company Zai Lab (NASDAQ: ZLAB) stock has cratered (-82%) from a 52-week high of $178.91. The biotech generates revenues from licensing established medications to market in China in addition to its own cancer treatment pipeline of medications. The model of licensing dr... Read the Full Story |
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From Our Partners | | Most 401k and IRA plans stick to one menu: stocks, bonds, and index funds, all sourced from the same kitchen, the stock market.
For retirees who need savings to last decades, that limited menu can mean unwanted volatility right when preserving assets matters most.
A free guide breaks down how to look beyond the standard options in your retirement plan. | | Download the free guide to explore your retirement account options today |
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Industrials | |
Steelcase Moves Higher On Pricing Power
Steelcase (NYSE: SCS), a maker of office and industrial purpose furniture, has been struggling over the past few years but those times are changing. Postponed demand and a return to in-person operations at many businesses have reinvigorated the company and... Read the Full Story |
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Industrials | | -Reported net sales of $1.5 billion for the first quarter during the fourth quarter.-Net earnings came in at $80.3 million, or $1.61 per diluted share.-Despite inventory holding losses, Worthington continues to produce strong results as the building and consumer products segments outperformed.-Worth... Read the Full Story |
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From Our Partners | | Gold has broken past 4400 per ounce, and major banks think it has further to run. Goldman Sachs now sees 4900, while JPMorgan projects 6000 by year-end.
Some analysts point to a broader monetary shift, dubbed the Mar-a-Lago Accord, as a driving force behind the rally. Hedge fund investors, including Steven Cohen, are reportedly building positions. | | See the research behind gold's record run and what could come next |
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Consumer Discretionary | |
Darden Restaurants International Overdelivers On Results
Darden Restaurants International (NYSE: DRI) and the entire sit-down restaurant industry have had a hard time with the reopening recovery. Not only did stay-at-home trends and social distancing keep traffic away longer than with other indus... Read the Full Story |
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Technology | |
NXP Semiconductors (NASDAQ: NXPI) is a stock that’s projected for exponential growth in the future, with 50% of its revenues coming from the automotive sector and this figure is only going to increase moving forward. Vehicles are increasingly becoming more dependent on technology content, es... Read the Full Story |
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Markets | | Lithium has been a commodity that has been at the center of the global news cycle in 2022. Lithium prices have surged by almost 500%, with demand continuing to increase from electric vehicles and other technological devices such as smartphones. However, lithium stocks have retreated recently due to ... Read the Full Story |
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Industrials | | Despite shares of aerospace titan Boeing (NYSE: BA) trading down as much as 50% over the past twelve months, and being down close to their pandemic lows of 2020, there’s a growing argument to be made for taking the long side. Boeing has gone through more than its fair share of crises in recent... Read the Full Story |
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Markets | |
Who wants to spend hundreds or even thousands of dollars on a single stock? (Not you?) For example, one share of Seaboard Corporation (NYSE: SEB), a multinational agribusiness and transportation conglomerate, cost over $3,000 as of June 2022.
If you'd prefer to spend a fraction of that amount on... Read the Full Story |
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Friday's Early Bird Stock Of The Day Virgin Group Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. Virgin Group Acquisition Corp. II was incorporated in 2021 and is based in New York, New York. | | View Today's Stock Pick |
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