Good MorningEquity markets plunged to start the week. The move was driven by fear of spreading contagion related to the collapse of Silicon Valley Bank and others in the financial industry. The S&P 500 managed to claw its way back into positive territory on an intraday basis, however, but it was also unable to close at the high of the day. The takeaway for investors and traders alike is the market hit a new low and can be expected to hit more new lows in the coming days.
Today's CPI report could stave off a deeper market correction if it shows inflating is cooling. The risk is that it will show inflation has accelerated as the PCE price index did, which will not be good for equities. In that scenario, the FOMC should be expected to continue hiking rates and put additional pressure on the economy. The question is how much more pressure the economy can take before it cracks in a way the government can't bail out. Featured: See the Daily 10AM setup for 4PM payouts (Ad) 
|
Markets | | |
Silicon Valley Bank's (NASDAQ: SIVB) collapse has sent shockwaves through the financial world, particularly among hedge funds and institutions with prominent positions in the failed bank. As investors scramble to assess the damage, some of the largest players in the financial sector are feeling th... Read the Full Story |
|
|
Tech | | | After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress.
The Senate voted Wednesday to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making inve... Read the Full Story |
|
Markets | | |
Diversification is a term widely used when it comes to investing in the stock market. It means spreading your investment across different sectors and industries to minimize volatility's impact. While one segment may take a hit, another one may improve or take less of a hit. In a nutshell, don't pu... Read the Full Story |
|
|
Stocks | | | Stocks are rising Monday, clawing back some of their losses from Wall Street’s worst week since early December.
The S&P 500 was 0.6% higher in afternoon trading and on pace for just its second gain in the last seven days. The Dow Jones Industrial Average was up 146 points, or 0.5%... Read the Full Story |
|
Stocks | | | Stocks steadied themselves Monday following Wall Street's worst week since early December.
The S&P 500 rose 12.20 points, or 0.3% to 3,982.24 for just its second gain in the last seven days. The Dow Jones Industrial Average gained 72.17, or 0.2%, to 32,889.09, while the Nasdaq com... Read the Full Story |
|
From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
|
Markets | | |
Shares of First Republic Bank (NYSE: FRC) are down 65% in a single day, extending its total decline to over 90% and counting. The reason is the growing risk in the financial system that is evidenced by the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank. The opportunity is tha... Read the Full Story |
|
Markets | | |
Regional sporting goods retailer Big 5 Sporting Goods Corporation (NASDAQ: BGFV) stock has fallen since its $41.33 high in November 2021 as both top, and bottom lines continue to shrink. The company had a big surge during the post-pandemic reopening as team sports and live events resumed. However,... Read the Full Story |
|
Stocks | | | Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe Read the Full Story |
|
Stocks | | | Stocks are opening higher, clawing back some of the losses from their worst week since early December. The S&P 500 rose 0.8% early Monday and is on pace for just its second gain in the last seven days. The Dow and the Nasdaq also rose. Stocks have struggled in February after a strong start to th... Read the Full Story |
|
Markets | | |
Salesforce (NYSE: CRM) has added a new tool to its technology stack through the announcement of Einstein GPT. The software aims to streamline tasks previously consumed by humans through the help of generative AI - but what impact will the technology have on its share price?
Since AI in general se... Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day GlobalFoundries Inc., a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units. GlobalFoundries Inc. has a strategic partnership with Efficient Computer to develop high-performance computer processors. The company was incorporated in 2008 and is headquartered in Malta, New York. | | View Today's Stock Pick |
|
