Good MorningEquity markets moved modestly higher on Monday after OPEC+ announced a surprise production cut. Starting in May, the cut is worth more than 1 million barrels per day and will tilt the supply-demand balance firmly in favor of higher prices. The news sent the price of WTI up by more than 6%, which was sustained through the end of the session. Analysts are already discussing $100 oil, which could be a cautious estimate given the coming travel season.
The real takeaway from the oil news is inflation. Another spike in oil prices will be felt at all levels of the economy and spark another round of negative feedback loops. In this scenario, inflation will not only accelerate but could also reach new highs. This will leave the FOMC no choice but to continue hiking interest rates and adding pressure to an economy already showing signs of distress. Featured: Buy THIS stock before Taiwan is attacked (Behind the Markets) 
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Make way; the technology bulls are charging again! Already up more than 20% this year, the global information technology sector is leading the market higher in 2023. Signs of bank stabilization and muted inflation data helped U.S. stocks end the first quarter on a high note Friday, with some ... Read the Full Story |
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Markets | | |
McDonald’s Corporation (NYSE: MCD) stock continues to move higher after a March that saw MCD stock climb approximately 7%. In mid-March, the stock broke above its 10-, 20-, and 50-day simple moving averages and began to move higher.
One catalyst for the stock may be some recent price... Read the Full Story |
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Tech | | | Shares were mixed in Asia on Tuesday as investors watched for the latest moves by central banks, while oil prices steadied after shooting higher the day before following an announcement that major exporters plan to cut production. Benchmarks rose in Tokyo, Shanghai and Seoul but fell in Hong Kong an... Read the Full Story |
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Markets | | |
Candy stocks have been on fire this year. Sweet tooths worldwide can't seem to get enough sugar in their diets. Candy and snacks are more of a consumer discretionary item within the consumer staples category. But some may argue that you can live on chocolate bars and cookies, diabetes withstanding... Read the Full Story |
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Stocks | | |
The pandemic surged pet ownership. As people stayed home, they embellished in hobbies and embraced adding a fur baby to the family. A Forbes Advisory survey found that 78% of pet owners acquired pets during the pandemic. During the pandemic, in almost one in five households, 23 million brought hom... Read the Full Story |
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Markets | | | Fights over increasing the nation’s borrowing authority have been contentious in Congress, yet follow a familiar pattern: Time and again, lawmakers found a way to step back from the brink before markets began to panic and the nation risked a dangerous default on its debt.But this year’s fight has a ... Read the Full Story |
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Markets | | | Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy. She quickly turned to someone who had been through the fire before, and on a much larger scale: Hank Paulson. Paulson,... Read the Full Story |
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Markets | | | Oil prices jumped 5% overnight as OPEC+ announced a surprise production cut of 1.65 million barrels per day. The cut will start in May and last through the end of the year. Major oil producers like Saudi Arabia, Russia, and Iraq are making significant production cuts.
Here’s the full breakdow... Read the Full Story |
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Markets | | | The UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its reputation as a global financial center, analysts say, warning that the country’s prosperity could grow too dependent on a single banking behemoth.The uncertain future of a union of Switzerland’s two... Read the Full Story |
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Markets | | | Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores. The company was founded by David Allemann, Olivier Bernhard, and Caspar Coppetti in January 2010 and is headquartered in Zurich, Switzerland. | | View Today's Stock Pick |
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