Good MorningEquity markets retreated on Tuesday as fear of the Fed gripped the market. The S&P 500 fell more than 1.25% at the session's low and continues to show resistance at the 4,150 level. The odds the FOMC will hike by another 25 basis points is high; the risk for the market is in the policy statement. The FOMC may back off from further interest rate hikes, given the state of inflation and the risk to the banking sector, but it will not roll over and go to sleep. Inflation remains high; the FOMC needs to be sure the market understands it is ready to hike rates again should the data warrant it.
The NFP report will be another market-moving event later this week. The report is expected to show a slowdown in hiring and an uptick in unemployment which was foreshadowed by the JOLTs report on Tuesday. The JOLTs report shows that the number of open job positions has fallen to the lowest level in 2 years as employers cut back on expansion plans. This is the first real sign of economic slowing the market has taken to heart, and it is 1 that could result in recession. Featured: High Risk Alert - Reduce Your AI Stock Risk (Ad) 
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Technology | |
NXP Semiconductors NV (NASDAQ: NXPI) confirms details seen in reports from Texas Instruments Inc. (NASDAQ: TXN) and On Semiconductor Corp. (NASDAQ: ON). The news from NXP is better than Texas Instruments, and includes outperformance and an increase in guidance supported by company diversification.... Read the Full Story |
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From Our Partners | | A tanker called the Iberica Knutsen once sailed 2,272 miles from Trinidad and Tobago to deliver liquefied natural gas to Boston.
The odd part: the Marcellus Shale, one of the largest natural gas reserves in the world, sits just a few hundred miles away.
Porter Stansberry spent years digging into why this happens and what it means for the American energy system. | | Uncover the full story behind Boston's costly LNG imports |
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Technology | |
Logitech International SA (NASDAQ: LOGI) shares traded higher in Tuesday's session, by as much as 3.5%, amid the company reporting its first quarter 2023 earnings results on Monday after the market closed. Results showed concerning contractions across Logitech financials.
In the press release ite... Read the Full Story |
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Industrials | |
When you’re on a freeway crowded with 18-wheelers, you’re probably just thinking of how to pass them and make better time on the road, not who makes the cabs hauling Americans’ stuff from one place to another.
It’s not a household name like automakers are, but truck desig... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | |
The pressure will be on when Apple reports its latest quarterly results after the bell on May 4th. Better-than-expected earnings at fellow trillion-dollar market club members Alphabet and Microsoft have led equities back to their 2023 peak — and set the stage for Apple to send the market to ... Read the Full Story |
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Consumer Staples | |
Packaged foods manufacturer B&G Foods Inc. (NYSE: BGS) may not sound familiar, but you've likely experienced some of its brands. Its popular brands include Cream of Wheat, Green Giant, Ortega, Crisco and Grandma's, which are just a fraction of the 50-plus brands the company owns. Its products ... Read the Full Story |
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From Our Partners | | Gold trades near record highs while silver just topped $81 an ounce for the first time ever.
Thousands of Americans use Gold IRAs to diversify retirement savings amid rising national debt. The free 2026 Beginner's Guide to Gold IRAs covers top advantages, penalty free 401k rollovers, and simple steps to get started. | | Download the free Beginner's Guide to Gold IRAs now |
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Consumer Discretionary | |
Small caps and dividends? Most investors don’t associate the two, but stocks such as Marine Products Corp.(NYSE: MPX), Park Aerospace Corp. (NYSE: PKE) and Vector Group Ltd. (NYSE: VGR) all fall into the category of small companies with generous yields.
They are also showing year-to-date p... Read the Full Story |
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Markets | |
Can-Fite BioPharma Ltd. (NYSEAMERICAN: CANF) is an Israel-based biotechnology firm that develops small-molecule therapeutic treatments for cancers, inflammatory diseases and sexual dysfunction. It targets the A3 adenosine receptor (A3AR) and creates small molecule therapies to bind or stick to the... Read the Full Story |
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Materials | |
Ecolab (NYSE: ECL) has had its share of issues over the last 2 years, but those are centered on share prices which have retreated to reasonable levels. The stock soared after COVID-19, driven by the expectation sanitation services and products would be in high demand, but that demand never materia... Read the Full Story |
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Consumer Discretionary | | The Chinese have a saying concerning the reality of the haves and have-nots and how they should deal with their finances. Those who have riches or inherit them can afford to speculate with small sums of money, while those who do not have wealth and are part of the middle class have to speculate with... Read the Full Story |
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Healthcare | |
Pfizer (NYSE: PFE) was expected to post a significant decline in revenue and earnings because of the slowing COVID business, and it did. However, the takeaway from the report is that business is better than expected, the company is growing at the core level, and the pipeline of new products is rob... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, other operational, and specialized staff support services, as well as online and mobile banking services. The company serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, governmental services, healthcare, hospitality, housing, professional services, real estate development, retail, technology, tourism, and wholesale trade. First Interstate BancSystem, Inc. was incorporated in 1971 and is headquartered in Billings, Montana. | | View Today's Stock Pick |
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