Good MorningEquity markets moved higher on Thursday to close a holiday-shortened week on a positive note. An improvement in outlook does not drive the move, so it should be viewed cautiously. The data this week has been tepid, to say the least, and is pointing to the recession that has been on the horizon for some time. With the FOMC on track to hike rates by another 25 basis points at least, the odds of a significant recession are high.
Today's news includes the monthly NFP report. It is expected to echo the ADP report and show a slowdown in hiring coupled with an ongoing wage increase. The increase in wages is of concern because it is underpinning inflation. With oil prices rising again and wages still creeping higher, the FOMC may not be able to end its rate-hiking streak with only 1 more increase. Featured: [No Brainer Gold Play]: “Show me a better investment.” (Ad) 
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Markets | | | A proposal designed to thwart environmentally and socially conscious investing has cleared the Kansas Legislature but divisions within its GOP majorities kept the measure from being a strong as some conservatives wanted Read the Full Story |
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From Our Partners | | CPA and CFA says you have WAY too many stocks - just buy these 3
After years working at the biggest accounting firms like Deloitte and KPMG, Joel Litman (who’s also a member of the Global CFA Institute) figured out a unique, less-risky way to grow rich in the stock market. Litman says you don’t need dozens of investments, overpriced advisers, or hedge funds. You just need these 3 stocks, which have helped Litman’s own mom earn 3,400%. | | Click here to view… |
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The spring season is finally upon us! Time to pull out the raincoat, plant some seeds and put that green thumb to use.
If you’re a stock trader, it’s also a time to put on the thinking cap. First quarter earnings season is upon us — which means plenty of opportunities for new po... 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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From Our Partners | | Washington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
It's happened before, and it's happening again.
The Department of Justice just admitted that cash isn't legally YOUR property. | | Get your free guide now by clicking here >> |
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One man’s loss is another man’s gain, or so the saying goes. As the fallout from last month’s collapse of SVB continues to ripple through the marketplace, perhaps the saying has never been truer. Having been found to be horribly exposed to many of the same financial risks that to... Read the Full Story |
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Despite equities having cooled somewhat this week following a strong end to Q1, Apple Inc’s (NASDAQ: AAPL) 30% rally looks as strong as ever. Since tagging that multi-year low at the start of the year, their shares have tacked on a full 30%, with higher highs and higher lows ensuring a smoot... Read the Full Story |
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From Our Partners | | The Tesla Shock Nobody Sees Coming
While headlines scream "Tesla is doomed"...
Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs.
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Beauty stocks are outperforming their expectations and trending higher. The trend is supported by the analysts raising their ratings and price targets because of the robust outlook. The guidance for 2023 is good but might yet be cautious given the trends. Regardless, stocks like Ulta Beauty (NASDA... 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 | | | The Swiss government says it's ordered cuts to the bonuses of top executives of Credit Suisse, with nearly 1,000 managers being “deprived” of tens of millions combined as the troubled bank heads toward a forced merger with rival UBS.The Federal Council, a seven-member panel that runs Switzerland's e... 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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You are not alone in wondering what Hypercharge Networks (OTCMKTS: HCNWF) is. This under-the-radar Canadian-based and focused EV start-up has come out of nowhere to electrify its market. The stock is up nearly 300% after 4 days of sustained buying with no visible catalyst. When you dig into the de... Read the Full Story |
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Friday's Early Bird Stock Of The Day Frontier Communications Parent, Inc., together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services. It serves large enterprise customers, small and medium businesses, and wholesale customers. The company was formerly known as Frontier Communications Corporation and changed its name to Frontier Communications Parent, Inc. in April 2021. Frontier Communications Parent, Inc. was incorporated in 1935 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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