Good MorningEquity markets fell for a 3rd day as fear of a broader spread financial system crisis grows. While the First Republic Bank chapter of the saga has come to a close, the FOMC is expected to keep rates at high levels for a sustained time and will likely cause more banks to fail. The question is how many and how soon, and the answer may not be known until regulators close the next bank down.
The S&P 500 shed more than 1.0% at the session's low and is testing support at the 4,050 level. Support at this level may be tenuous and lead to another market sell-off. If so, the following targets for support are several percentage points lower. Even if the market can sustain these levels, there is clear resistance at the 4,150 level that is keeping the market from moving higher. Featured: Biden fires warning shot for retirement accounts... (Goldco) 
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The global automotive industry has been one of the slowest cyclical groups to recover from the pandemic. When restaurants and retailers got back on their feet, automakers continued to struggle with parts shortages and lingering supply chain issues.
As the industry plays catch up, there are ... Read the Full Story |
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From Our PartnersGraphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles. | | See how this could be great news for resource investors |
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Tech | | | Apple was at the head of a widespread rally on Wall Street Friday after the market's most influential company reported a better profit than expected. Stocks of beaten-down banks also leapt to recover a smidgen of their sharp losses from a brutal week.The S&P 500 jumped 1.8%, though it still turn... Read the Full Story |
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Typically after a company releases earnings, investors react by weighing two pieces of important information. Firstly, the actual earnings results and other critical financial metrics about the underlying business can be a placeholder to digest what occurred through the period. Secondly, and perha... Read the Full Story |
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Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) gapped down more than 6% on May 4, despite reporting better-than-expected first-quarter earnings and revenue.
Net income tumbled by 12% to $10.09 a share. That sounds bad, but it actually came in ahead of views, which called for $9.52 a share, a decre... Read the Full Story |
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Markets | | | Britain's free trade agreements with New Zealand and Australia will come into force by the end of this month, the leaders from the three nations said Friday.The announcement came while the prime ministers from the two Southern Hemisphere nations are in London for the coronation of King Charles III.T... Read the Full Story |
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From Our PartnersGraphite has emerged as a vital material in the resource sector, gaining prominence primarily due to its essential role in electric vehicle (EV) batteries.
We found a little-known graphite company exploring the potential of this mineral and is currently flying under Wall Street's radar.
This company's operations are positioning them as a leader in a critical industry with growing demand.
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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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An immediate jump in last night's after-hours session should tell you everything you need to know about Apple Inc's (NASDAQ: AAPL) Q2 earnings. Investors will have to wait a while and see how shares trade through Friday's session and into next week, but for now, the numbers could well justify a mo... Read the Full Story |
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A sustained rally in Datadog (NASDAQ: DDOG) is yet to be seen, but the bottom is in for this market. After a year of downtrend driven by analysts' sentiment, the company is reporting better-than-expected numbers and guiding the market higher. This is not surprising given the strength reported by C... Read the Full Story |
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Markets | | | Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong.Bank shares have sold off on Wall Street this week following th... Read the Full Story |
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Markets | | | That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit.The funding increase has helped the agency to catch up on processing new and backlogged tax returns. And that, in turn, has allowed federal bean-counters to give policymake... Read the Full Story |
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Friday's Early Bird Stock Of The Day Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Canada; Dubai, United Arab Emirates; Edinburgh, United Kingdom; Fort Lauderdale, United States; Hyderabad, India; London, United Kingdom; Rancho Cordova, United states; Shanghai, China; Singapore; Stamford, United States; and Vienna, Austria. | | View Today's Stock Pick |
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