Good MorningFearful equity markets pulled back more than 1.0% on Tuesday following dire news from Walmart. Walmart missed its earnings estimates and cut its guidance, citing the impact of inflation on consumer spending. While sales of food and other staple items continue to be strong, sales of discretionary items are flagging under the weight of inflation. The news was taken as a sign of weakness in the broader economy and had the market shedding discretionary and other inflation-sensitive names with the FOMC and key inflation just due out this week.
The FOMC is expected to hike rates by at least 75 basis points today and may go for a full 100 basis points in an effort to outrun inflation. Regardless, the economy is already in a recession, and it looks like inflation and Fed action are going to make it deeper. The PCE index is due on Friday and is expected to show an acceleration from the previous month. Featured: Keep These Stocks On Your Radar... (PTR) 
|
Politics | | | Major global stock markets and Wall Street futures advanced Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool surging inflation.
London and Frankfurt opened higher. Tokyo and Sydney gained while Shanghai declined. Oil prices rose.
... Read the Full Story |
|
From Our PartnersMonths ago, Jeff Clark warned everyone: DO NOT buy Tesla, Apple, Bitcoin, or Amazon.
Since then, what’s happened? Apple is down -12%, Tesla is down -18%, Amazon is down -26% & Bitcoin is down -34%
Instead of getting caught up buying overpriced tech stocks for devastating negative returns… | | | | Click Here To Discover The Secret |
|
Tech | | | Big retailers and technology companies led stocks lower on Wall Street Tuesday after Walmart warned that inflation is hurting American consumers' spending power.
The sell-off comes ahead of the Federal Reserve's latest interest rate policy statement on Wednesday, when economists expe... Read the Full Story |
|
Markets | | | Stocks are lower on Wall Street in afternoon trading Tuesday after Walmart warned that inflation was negatively impacting American consumers' spending power.
The S&P 500 was down 1.3% as of 2:42 p.m. Eastern, wiping out modest gains from a day earlier. The Dow Jones Industrial Av... Read the Full Story |
|
|
Stocks | | |
Canopy Growth (NASDAQ: CGC) experienced a severe sell-off, as it currently trades at the very bottom of its 52-week range. It's almost near the bottom on shorter time spans, including the 50-day range. The stock is currently down -74.62%, severely underperforming the S&P 500 with a loss of -18... Read the Full Story |
|
Stocks | | |
See the retailer’s warning clearly, but don’t be a prisoner of the moment
Shares of Walmart (NYSE:WMT) are down nearly 10% the day after the retailer issued a profit warning in advance of its second-quarter earnings in August. The company lowered its guidance not only for the cu... Read the Full Story |
|
From Our PartnersForget Area 51...
Let's go 1,700 miles east to "Area 52"...
Where a godlike super-technology is undergoing top-secret government tests.
Although it may look alien...
Amazon stands ready to strike it rich, as it's among the technology's earliest adopters.
It's also my top investment for 2022 - packed with enough potential to turn a modest $2,500 into $225,000. | | < < Click here for the urgent details. |
|
Stocks | | | The Coca-Cola Company (NYSE: KO) has been an attractive investment over the past few years because of its resilience in the face of tough times. The company has been able to maintain and even grow the business while also paying a healthy 2.8% dividend yield and not only that, increasing for the 59th consecutive year despite the pandemic and all the havoc it caused. Read the Full Story |
|
Tech | | | Of the roughly 30 U.S. mega cap stocks, some are looking more attractive than others. For however long the recovery takes, these three technology names are built to weather the storm and climb to new heights. Read the Full Story |
|
Tech | | | Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession.
The regression reported Tuesday by Google’s corporate parent, Alphabet, is the latest sign that the t... Read the Full Story |
|
Markets | | | Visa Inc. said Tuesday that its fiscal third quarter profits rose 32% from a year earlier, helped by yet another double-digit rise in the amount of money processed on its credit and debit card network.
The payment processing company said it earned a profit of $3.4 billion, or $1.60 a... Read the Full Story |
|
Markets | | |
-Earnings per share came in at 2.23 versus an expectation of $2.29 per share by analysts.
-Operating income came in 8% higher at $20.5 billion, and net income was up 2% at $16.7 billion.
-Revenue was up 12%, coming in at $51.8 billion, but slowing to multi-year lows.
“In a dynamic environ... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Cal-Maine Foods, Inc., together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States. Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Ridgeland, Mississippi. | | View Today's Stock Pick |
|
