Good MorningEquity markets gave up Tuesday's gains on Wednesday as the banking crisis spreads. The latest news is that Credit Suisse needs capitalization, and its largest shareholder is barred from providing capital for regulatory reasons. The news sparked a 2.0% decline in the S&P 500, although the index closed off the day's lows. The takeaway for investors is the S&P 500 index is fighting to keep its head above water and may succumb to another sell-off within days.
The next shoe to drop will be Wednesday, when the FOMC issues its policy statement. The market has priced in a 25 basis point hike due to the growing bank crisis, but investors should not be shocked if the Fed hikes by 50 basis points. A 50 basis point hike is consistent with recent commentary and the inflation trajectory. Featured: NEW: Top 11 Stocks for 2023 (IPM) 
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To invert a popular saying, “What should you do when chips are up?”
Some chip- and chip-gear makers are nearing buy points out of bullish areas of consolidation. Those names include Advanced Micro Devices Inc. (NASDAQ: AMD), Applied Materials Inc. (NASDAQ: AMAT) and Onto Innovat... Read the Full Story >> |
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Apparel stocks aren’t a haven for investors, but not all stocks in this group are equal. While discretionary names are going to take a hit this year due to the declining outlook for earnings and tightening economic pressure put on by the Fed, some will pay steady dividends and they all trade... Read the Full Story >> |
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What happens when markets go into panic mode? Investors turn to asset classes or sectors they believe are likely to either pay a dividend or that have a low correlation to equity markets.
On March 15, utilities, as tracked by the Utilities Select Sector SPDR Fund (NYSEARCA: XLU), advanced 1... Read the Full Story >> |
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Sir John Templeton said it best when describing his thought process as he initiates large concentrated positions on a single company's stock that he may like. "Buy at the point of maximum pessimism" this saying can be interchanged with Warren Buffett's "Be greedy when others are fearful". Investor... Read the Full Story >> |
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Markets | | | Credit Suisse shares surged after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the country’s second-biggest lender following the collapse of two U.S. banks Read the Full Story >> |
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From Our PartnersLouis Navellier aka the "King of Quants" just isolated the top 7 energy stocks in 2023 with the help of his propriety system. It's the same system that helped Louis find 676 triple digit winners... 141 gains over 1,000%... and 21 gains soaring 10,000% in his 40 years career. With so much uncertainty from our government and media... Louis trusted algorithm can be your guide towards potential earnings. | | | | Click here for your free report
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Markets | | | Signature Bank's collapse came stunningly fast, leaving behind the question of whether there was a fundamental flaw in the way it did business — or if it was just a victim of the panic that spread after the failure of Silicon Valley Bank.There were few outward signs that Signature Bank was crumbling... Read the Full Story >> |
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Markets | | | A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money.The failure of Silicon Valley Bank last week had the panic but few other similarities, instead taking place on Twitte... Read the Full Story >> |
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Markets | | | The European Central Bank has carried through with a large interest rate increase, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system Read the Full Story >> |
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Markets | | | As Wall Street reels from the swift demise of Silicon Valley Bank — the biggest American bank failure since the 2008 financial meltdown — some social media users are honing in on a single culprit: its socially aware, or “woke,” agenda. But the Santa Clara-based institution’s professed commitment to ... Read the Full Story >> |
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Swiss banking giant Credit Suisse (NYSE: CS) nosedived to all-time lows Wednesday, dropping as much as 25% in early trading. The bank’s largest shareholder, Saudi National Bank, announced it won’t inject any more capital into the troubled bank. Investors are now reevaluating Credit Sui... Read the Full Story >> |
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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products for businesses and consumers that deliver healthier and nutritious solutions. It also engages in the real estate holding and development activities; provision of management advisory services; and intellectual property development activities. The company was formerly known as Canivate Growing Systems Ltd. and changed its name to AgriFORCE Growing Systems Ltd. in November 2019. AgriFORCE Growing Systems Ltd. was incorporated in 2017 and is headquartered in Vancouver, Canada. | | View Today's Stock Pick |
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