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: Elon’s big $266,000 per second purchase (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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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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Medical | |
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 | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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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 | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
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Medical | |
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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Retail/Wholesale | |
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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Construction | |
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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Retail/Wholesale | |
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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