Good MorningEquity markets pulled back on Tuesday after posting a small gain in the preceding session. The move was driven by concerns sparked by the spike in oil prices caused by OPEC. The rise in oil prices should bring another round of windfall profits to the oil industry and inflation. When inflation reaccelerates, the FOMC can be counted on to increase interest rates to match, which might break the economy.
Labor data will be a driving force in the markets this week. The JOLTs report showed a surprise fall in job openings that may be echoed by weakness in the ADP and NFP reports. The key metric, however, may be the wage gains running in the high single-digit range. Featured: Buffett’s $325 Billion Cash Problem — Solved by Gold? (Ad) 
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While the broad oil-and-gas industry continues to rally, Targa Resources Corp. (NYSE: TRGP), Chesapeake Energy Corp. (NASDAQ: CHK), and EQT Corp. (NYSE: EQT) are standouts when it comes to institutional buying. All three recently increased their dividends, giving investors some extra incentive on ... Read the Full Story |
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Sure, there are exceptions (looking at you, meme stocks), but in general, earnings growth, or at least its potential, is a key driver sending stocks higher. Axon Enterprise Inc. (NASDAQ: AXON), Gold Fields Ltd. (NYSE: GFI) and Ceridian HCM Holding, Inc.(NYSE: CDAY) have shown price growth in recen... Read the Full Story |
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The Organization of the Petroleum Exporting Countries (OPEC) set the oil market on fire by announcing a production cut of 1 million barrels per day beginning in May. Although many experts weren’t surprised that a cut occurred, the size of the cut was unexpected.
Taking one millio... 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 | | | 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 | | | 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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Markets | | | New Zealand's central bank surprised economists on Wednesday by imposing an aggressive half-point rate rise to bring its benchmark interest rate to 5.25%.It was the Reserve Bank of New Zealand's 11th straight rate hike as it tries to cool inflation, which is running at 7.2%, far above the bank's tar... Read the Full Story |
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The interest in artificial intelligence (AI) is flourishing almost to the point of mania in the stock market. Having AI in your company's name can make speculators dive in head first, as evidenced by the recent 52-week highs hit by C3.ai Inc. (NYSE: AI). AI has many versatile use cases, and ChatGP... Read the Full Story |
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The rideshare war is over, and rideshare network operator Lyft Inc. (NASDAQ: LYFT) has fallen to a distant number two in this duopoly. While critics slammed Uber Technologies Inc. (NYSE: UBER) for its food delivery business and international expansion, Lyft maintained that it w... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Glacier Bancorp, Inc. operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services. It also provides non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings, money market deposits, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. In addition, the company offers construction and permanent loans on residential real estate; consumer land or lot loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. Further, it provides commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Glacier Bancorp, Inc. was founded in 1955 and is headquartered in Kalispell, Montana. | | View Today's Stock Pick |
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