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: Not plywood. A power breakthrough. (Ad) 
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Consumer Discretionary | |
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 |
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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 |
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Technology | |
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 |
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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 |
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Finance | |
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 |
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Finance | |
Shares of The Charles Schwab Corporation (NYSE: SCHW) are falling along with the broader financial sector due to fallout from the SVB issue, but it is getting thrown out with the bathwater. This company may have some systemic risk to issues within the broader financial industry, but its model is f... Read the Full Story |
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Industrials | |
The answer is simple if you want to know why Zim Integrated Shipping Services (NYSE: ZIM) surged by double-digits peaking out with gains above 25%. The company issued a dividend worth $6.40 or about 25% yield, with shares trading at $25. And that is a quarterly payout, not an annual one. If you th... Read the Full Story |
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Industrials | |
Shares of FedEx (NYSE: FDX) opened the week with losses, but this is an opportunity for investors with Q3 earnings due out later in the week. The move is driven by the budding financial crisis centered on Silicon Valley Bank, which has little to do with FedEx. In the case of FedEx, the analysts ha... Read the Full Story |
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Consumer Discretionary | |
By now you’ve probably heard the term “margin compression” numerous times in the news and headlines. It’s an all too familiar term echoed by retailers on their earnings reports to explain why their earnings came in lighter than expected. Margin compression is a term used in... Read the Full Story |
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Markets | |
If you’ve been watching the march of inflation and the Fed’s attempts to curb it and have been wondering when this economy will crack, it did. Last week not one but 2 major financial institutions were closed by the feds to curb fallout from FOMC actions. The short story is that Silicon... Read the Full Story |
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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 |
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