Good MorningEquity markets held steady for a third-straight trading day despite the release of the FOMC minutes. In the minutes, the FOMC indicated both the potential for a "more restrictive" policy and the negative impacts of the same. The takeaway is that, if the pace of inflation does not subside appreciably, the FOMC could enact another or possibly two more 75 basis point interest rate hikes before the end of the year.
The next week of trading days will be tough for the market. Between economic data and the onset of the Q2 earnings reporting season, there are a handful of catalysts capable of moving the market lower. The first and possibly least important is the NFP data due on Friday. That will be compounded the next week, however, with both the CPI and PPI reports as well as the Retail Sales figures. In our view, investors should expect CPI and PPI to trend at or near their current levels and retail sales to fall on a YOY basis, and possibly at a faster pace than last month. Featured: Recession Shock Is Coming For Unprepared Americans! (Gold Allied Trust) 
|
Stocks | | |
When it comes to investing styles, growth, and value are the OG’s. The advent of factor investing has added many more to the mix but growth and value remain popular ways for institutions and individuals to evaluate stocks.
Growth can be defined in any number of ways that suit the investor's... Read the Full Story |
|
|
Politics | | | Wall Street capped another choppy day of trading Wednesday with modest gains for the major stock indexes, after investors combed the minutes from the Federal Reserve's most recent interest rate policy meeting for clues about what the central bank may do next to fight inflation.
The S... Read the Full Story |
|
Politics | | | Stocks turned higher on Wall Street in choppy afternoon trading Wednesday following the release of minutes from the Federal Reserve's most recent policy meeting.
The minutes of the two-day meeting last month show that Fed officials concluded higher interest rates could be needed to r... Read the Full Story |
|
From Our PartnersSearching for the next Microcap stocks with disruptive potential? These companies will release their quarterly earnings very soon... And we have found 5 microcap stocks that could see a spike in share price. | | Click here to get the names of all 5 stocks |
|
Markets | | | Kornit (NASDAQ: KRNT) appeared to be perfectly set up for the times but the times changed too quickly and that story is played. The company manufactures, markets, and services a range of digital printing applications for the textile and packaging industry. Read the Full Story |
|
Markets | | | If you are waiting for a pullback in Grocery Outlet Holding Corp (NASDAQ: GO) you may be in for a disappointment. While the stock is trading at a very high valuation for today’s times it is among the most perfectly positioned growth stocks we can think of. Read the Full Story |
|
From Our PartnersRollover your 401K to a precious metals IRA and protect yourself & family from inflation. From the #1 gold IRA Company, This free gold & silver IRA guide will show you how you can roll over your IRA or 401(k) into precious metals. Tax free & penalty-free into an IRA holding using a loophole the IRS doesn't want you to know! | | Get your free guide here! |
|
Stocks | | | Healthcare ecosystem management platform developer Phreesia (NYSE: PHR) stock is sunk (-40%) on the year. The Company caters to small to medium sized physician offices with a cloud-based software as a service (SaaS) platform that optimizes workflow and operation efficiency. It’s automated tool... Read the Full Story |
|
Markets | | | Amazon will give its U.S. Prime members free access to meal delivery service Grubhub for a year under a deal announced Wednesday.
The Grubhub Plus membership __ which normally costs $9.99 per month __ lets customers order from thousands of restaurants with no delivery fees on most ord... Read the Full Story |
|
Politics | | | Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to restrain it Read the Full Story |
|
Markets | | | Luxury fashion brand retailer Capri Holdings Limited (NASDAQ: CPRI) stock has fallen (-37%) for the year. With high end premium brands like Versace, Michael Kors, and Jimmy Choo, Capri Holdings caters to the higher-income demographic. It’s high-end consumers are helping drive double-digi... Read the Full Story |
|
Tech | | | Apple plans to roll out a “lockdown” option for iPhones, iPads and Mac computers intended to protect against spyware unleashed by state-sponsored hackers — although enabling it will also make these devices less useful Read the Full Story |
|
Thursday's Early Bird Stock Of The Day Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration. It also provides ActiveScale Object Storage Software that scalable and durable storage for long term data preservation and protection; DXi Backup Appliances to build backup appliances for high-speed backup and recovery and multisite data protection; and Scalar Tape Storage that secure storage for long term data archiving and offline data protection which are used by hyperscalers and enterprises. In addition, the company sells linear tape-open (LTO) a tape drives for small business data protection and archiving; and LTO media for use in tape storage systems. Further, it offers global support, managed services, customer support agreements, software subscriptions, installation, education, and consulting and training services, as well as Quantum-as-a-Service. The company sells its products through a network of distributors, value-added resellers, direct marketing resellers, original equipment manufacturers, and other suppliers, as well as directly to corporate entities and government agencies. It has a partnership with Tiger Surveillance to deliver end-to-end solutions for long-term retention and archiving of video surveillance data. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California. | | View Today's Stock Pick |
|
