Good MorningEquity markets tried to move higher after the FOMC meeting, but the takeaways for investors are not bullish. The FOMC raised rates by 25 basis points as expected but left the door open to another hike later this year. The Fed also indicated it thought inflation would remain higher for longer and needed to leave interest rates higher to combat it. The market responded by pushing its expectation for the 1st interest rate cut to September and selling stocks.
The S&P 500 continues to show resistance at the 4,150 level and is unlikely to move above it. This will keep the index range bound in 2023, and there is a chance it will move lower. The increase in interest rates puts more pressure on an already cracking banking system and is sure to cause another failure, and the odds of recession continue to rise. Featured: Copper Prices Expected To Soar - Are You Ready? (Vizsla Copper) 
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In turbulent and uncertain markets, investors turn to reliable dividend payers and well-known names. Consumer spending on snacks and sweets haven't sacrificed due to recession fears, including in strong recent price gains in stocks like PepsiCo Inc. (NYSE: PEP), Mondelez International Inc. (NASD... Read the Full Story |
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From Our PartnersThe dollar is not as stable as we once thought. The national debt is skyrocketing, inflation is rising, and the government seems unable to control it. All of this points to a possible collapse of the dollar, and the consequences will be catastrophic.
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The Kraft Heinz (NASDAQ: KHC) story is about more than the strength of consumer staples companies across verticals. Not only is this a blue chip consumer staple brand with a healthy following and clear pricing power, but it is also a turnaround story within the industry gaining momentum. Kraft Hei... Read the Full Story |
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Valuing a business need not be so focused on theoretical methods and mathematical calculations; while they can be - and oftentimes are - the foundation to beginning to understand the intrinsic value, there are other qualitative factors. For example, Apple (NASDAQ: AAPL) is a great business and a p... Read the Full Story |
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Markets | | | Asian stock markets were mixed Thursday after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it wasn't sure what may come next.Shanghai and Hong Kong advanced while Seoul and Sydney declined. Japanese markets were closed for a holiday.Wall Street's benchmark S... Read the Full Story |
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Markets | | | First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley Bank, which was seized by the government on March 10, First Republic catered to a wealthy clientele, which helped it grow deposits rapidly but may have also co... Read the Full Story |
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From Our PartnersIn the world of investing, uncertain markets can be downright terrifying. The fear of losing your hard-earned money can keep you up at night, and the anxiety of not knowing what tomorrow holds can be overwhelming.
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Tech | | | Regulators have barely written the epitaph for First Republic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail. Bank stocks fell sharply Tuesday, led downward by smaller banks with heavy exposure to uninsured deposits and commercial banks su... Read the Full Story |
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Markets | | | The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect most Americans. On Wednesday, the central bank boosted its benchmark rate by a quarter-point to 5.1%. Rates on credit cards, mortgages and auto loans, which have been surgi... Read the Full Story |
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Markets | | | Pfizer beat first-quarter forecasts as revenue took an expected dip, but the drugmaker predicted a sales rally later this year. The pharmaceutical giant said Tuesday that total revenue dropped 29% in quarter, as sales tumbled for its market-leading COVID-19 vaccine, Comirnaty. The vaccine brought in... Read the Full Story |
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Advanced Micro Devices, Inc. (NASDAQ: AMD) reported its Q1 financial results last night, which at first glance beat analysts' expectations for the headline numbers. The company's earnings per share for the quarter came in at $0.60, beating the $0.56 that was expected, while revenue was also better... Read the Full Story |
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Demand for semiconductors may be spotty, but trends within the technology industry drive business for Super Micro Computer Inc. (NASDAQ: SMCI). Super Micro deploys the world’s leading semiconductor technology with its line of servers, services and accessories and the shift to next-generation... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Sinclair, Inc., a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs. This segment operates The Nest, a free over-the-air national broadcast TV network; Comet, a science fiction network; CHARGE!, an adventure and action-based network; and TBD, a multiscreen TV network. The Tennis segment offers Tennis Channel, a cable network which includes coverage of tennis' top tournaments and original professional sports, and tennis lifestyle shows; Tennis Channel International streaming service; Tennis Channel Plus streaming service; T2 FAST, a 24-hours a day free ad-supported streaming television channel; and Tennis.com and Pickleballtv. It also provides digital and internet solutions; and technical services, including the design and manufacture of broadcast systems. The company distributes its content through broadcast platforms and third-party platforms that consist of programming provided by third-party networks and syndicators, local news, and other original programming. Sinclair, Inc. was founded in 1971 and is headquartered in Hunt Valley, Maryland. | | View Today's Stock Pick |
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