Good MorningEquity markets seesawed on Thursday following an as-expected CPI report. The report was as expected and shows inflation declined by 0.1% from the previous month, but the YOY comparisons remain hot. In this scenario, the FOMC can be counted on to hike interest rates by at least 75 basis points before stopping, if not more. The real takeaway is that pressure on the economy will not let up any time soon.
Today's news will be centered around the Big Banks. The US largest banks are reporting earnings today, and the results and outlook will have a bearing on the direction of the S&P 500 this year. As it is, the outlook for earnings continues to sour; if the banks add to this trend, the S&P 500 will likely move lower by the end of the reporting season. Featured: Sell these "safe" blue chips immediately (Ad) 
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Energy | |
The ghosts of 2021 and 2022 returned to the markets Thursday as the energy sector, including oil-and-gas giants Exxon Mobil Corporation (NYSE: XOM) and Schlumberger Limited (NYSE: SLB) posted significant price gains.
The sector as a whole, as tracked by exchange-traded funds such as the Energy Se... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Industrials | |
After a down year for U.S. equities, investment portfolios have some ground to cover. Time to bring in the heavy machinery.
Companies that make farm and heavy construction machinery fared quite well in 2022. The group finished roughly 8%, while the S&P 500 declined 19%.
The good news for in... Read the Full Story |
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Healthcare | |
While 2022 was not too kind across the stock market, biotech stocks seem to have—for the most part—held their ground. These small-cap clinical-stage biopharmaceutical stocks are doing better than the average marker across the healthcare sector.
These three stocks, in particular, have ... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | |
Miners BHP Group Limited (NYSE: BHP), Rio Tinto Group (NYSE: RIO) and Vale S.A. (NYSE: VALE) were among the big gainers Thursday as their industry group moved higher, largely on the news from China and Saudi Arabia.
Australia-based BHP climbed more than 2% by mid-session Thursday, buoyed by news... Read the Full Story |
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Energy | |
Exxon Mobil (NYSE: XOM) published its 5-year plan this week amid its stock price making a gain of 4.47%.
The company revealed important changes to its capital structure, an expansion of environmental and social governance (ESG) policies, and a focus on growing its corporate earnings.
The... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Healthcare | |
A pair of hot pharma stocks are on the move and could become the next buzz on Wall Street. Sorrento Therapeutics (NASDAQ: SRNE), through its subsidiary Scilex Holding Company (NASDAQ: SCLX), is making money. That’s a big deal for a company whose stock just hit penny-stock levels and is at ri... Read the Full Story |
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Consumer Discretionary | |
2022 was unforgiving for Alibaba Group Holding Ltd - ADR (NYSE: BABA) after experiencing record lows not seen since 2016. This came as no surprise considering all China-specific news of the past year. A policy of zero-COVID ground production and demand to a halt, while antitrust legislation from t... Read the Full Story |
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Consumer Discretionary | |
The analysts have been upping their ratings on home-building stocks over the past month or so but results from KB Home (NYSE: KBH) belie hope that is put into this sector. Demand for housing remains high and inventory low, but these dynamics are supporting the long-term outlook for housing while t... Read the Full Story |
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Consumer Discretionary | |
The Wendy’s Company (NASDAQ: WEN) is keeping investors on their toes after the recent change of tone from the analysts at Oppenheimer. This comes as no surprise considering the bears have entered the market for the short term, and Marketbeat’s own MarketRank has it rated as a Hold. But... Read the Full Story |
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Consumer Staples | |
The macro backdrop for Altria Group (NYSE: MO) is in the process of changing for the worst. Far more assertive measures are being taken by certain state and federal policymakers in the US against the consumption of nicotine products.
Some of these measures include the Food and Drug Administr... Read the Full Story |
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Friday's Early Bird Stock Of The Day Dave & Buster's Entertainment, Inc. owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. The company operates its venues under the Dave & Buster's name. As of April 02, 2019, it owned and operated 125 venues in 39 states, Puerto Rico, and Canada. The company was founded in 1982 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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