Good MorningThe rebound on Wall Street extended on Wednesday following a policy announcement from the FOMC. The FOMC hiked its key rate by 75 basis points as expected and downgraded its assessment of the economy which is less than the whisper numbers. The committee also said additional hikes would be appropriate at the next few meetings which put interest rates on track to hit 3.0% or higher by the end of the year and the odds are tilted in favor of higher. The takeaway for the market is the pace of hikes may slow over the next two meetings.
While many of the pundits think we are seeing the peak of inflation and FOMC interest action that outlook is far from assured. The PCE price index, due out on Friday, is expected to accelerate by 20 basis month over month at the core level and it could come in higher. Worse, the outlook given by the bulk of S&P 500 companies including defensive Consumer Staples companies is more price hikes and higher inflation are on the way. The key takeaway from all this is that corporate margins will continue to be under pressure and the cost of doing business and making large purchases is on the rise.
Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
|
Healthcare | |
Moderna (NASDAQ: MRNA) has been in the news recently, with the therapeutic goods administration approving the company's vaccines for children. This news, along with the stock’s historically low P/E ratio of 4.64 at the time of writing, has caught the attention of investors. MarketBeat recent... Read the Full Story |
|
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 |
|
Industrials | |
Airlines as a group are hardly flying high, but stocks including American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) are at least participating in this week’s market rally.
If you’re like me, and have been flying regularly in the past year, you may have experienced comple... Read the Full Story |
|
Technology | |
-Shopify posted a loss of $1.2 billion compared to $900 million during the same quarter of 2022.
-This included a one-time loss of $1 billion on unrealized equity losses.
-Adjusted net loss for the quarter was $38.5 million compared with the adjusted net income of $285 million during the same qu... Read the Full Story |
|
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 |
|
Industrials | |
Institutional Support For Automation Stocks Is High
If you’ve been wondering where this year’s CAPEX spending is going look no further than the automation industry. While tight labor markets are driving up wages and cutting into corporate profits the corporations are fighting back wi... Read the Full Story |
|
Industrials | |
Owens-Corning Dividend Is Well Worth A Look
Owens-Corning (NYSE: OC), blue chip stock that it is, has been working on a growth strategy that has the business up 25% versus the pre-pandemic time period. The real takeaway, however, is the company’s cash-generating power, expected improvement... Read the Full Story |
|
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 |
|
Consumer Staples | |
Kraft-Heinz: Still Undervalued And Yielding 4.0%
Kraft-Heinz (NASDAQ: KHC) has been quietly working on a transformation over the past three years and it is starting to gain momentum. After years of divestiture and portfolio re-shaping, the balance sheet is in the best condition its been in since... Read the Full Story |
|
Consumer Staples | |
Is Dividend King Kimberly-Clark Overpriced?
Dividend King Kimberly-Clark (NYSE: KMB) is a highly valued stock in regards to its earnings multiple but this is a case in which the valuation is earned. The company is one of the most stable and predictable businesses in the Consumer Staples sector (... Read the Full Story |
|
Consumer Discretionary | |
It’s not like there was much uncertainty about whether or not McDonalds (NYSE: MCD) would be an inflation and recession-proof stock, but yesterday’s earnings report pretty much confirmed it. The home of the Big Mac came in a little light on revenue but topped analyst expectations for i... Read the Full Story |
|
Markets | |
Like most tech stocks, Micron Technology (NASDAQ: MU) has been sold off heavily over the last year. The company is currently down -37.69% YTD, and with the specter of a possible recession forming on the horizon, it could fall to lower levels due to lower consumer demand for semiconductors. This se... Read the Full Story |
|
Healthcare | |
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 |
|
Thursday's Early Bird Stock Of The Day JAKKS Pacific, Inc. designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products. The company also provides role play, dress-up, pretend play, and novelty products for boys and girls based on brands and entertainment properties, as well as on its own proprietary brands; and indoor and outdoor kids' furniture, activity trays and tables, room décor, and seasonal and outdoor products. In addition, it offers Halloween and everyday costumes for various ages based on licensed and proprietary non-licensed brands, and related Halloween accessories; outdoor activity toys; junior sports toys, including hyper-charged balls, sport sets, and toy hoops; and board games. The company sells its products through in-house sales staff and independent sales representatives to toy and mass-market retail chain stores, department stores, office supply stores, drug and grocery store chains, club stores, value-oriented dollar stores, toy specialty stores, and wholesalers. JAKKS Pacific, Inc. was incorporated in 1995 and is headquartered in Santa Monica, California. | | View Today's Stock Pick |
|
