Good MorningThe equity market went on a wild ride Thursday after the headline CPI reading was weaker than expected. The news sent a wave of relief through the market as investors looked for clues to the Fed's next move. The relief was short-lived because the data, while cooler than expected, is an acceleration from the previous month, and the core figures are still hot. In this scenario, the FOMC is still expected to increase rates later this year.
The news helped send the oil price down more than 1%. This is good news for the inflation picture, but the downturn may not last long. OPEC+ has the market tilted firmly in favor of higher prices, and that will only change with demand destruction. As it is, demand for oil remains high and underpinned by a healthy labor market. If oil continues to trend higher as it has the last 2 months, inflation will spike again later this year. Featured: I was wrong about Trump (Ad) 
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Investors and traders need to understand stock dilution because it can lower the value of existing shares and reduce a shareholder's ownership percentage in a company. If that sounds confusing, don't worry.
What is diluted stock? Understanding what diluted shares mean is crucial for investo... Read the Full Story |
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An interesting shift in allocation and performance has occurred over the last month, with the energy sector catching up to the overall market. Over the last month, the Energy Select Sector SPDR Fund (NYSE: XLE) has gained almost 9%, while the overall market, SPDR S&P 500 ETF Trust (NYSE: SPY),... Read the Full Story |
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Stocks | | | Asian benchmarks mostly fell Thursday after shares declined on Wall Street and investors braced for a highly anticipated report on U.S. inflation.The U.S. government later in the day will give the latest monthly update on inflation the nation's consumers are experiencing, and economists expect to se... Read the Full Story |
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There are few - if any - conglomerate stocks that can decline by as much as 62% and still not command the massive waves of investment that these blue-chip names typically do, today the story seems to take a turn on its head, providing investors with the opportunity to buy one of America's househol... Read the Full Story |
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Markets | | | President Joe Biden signed an executive order Wednesday to block and regulate high-tech U.S.-based investments going toward China — a move the administration said was targeted but it also reflected an intensifying competition between the world's two biggest powers.The order covers advanced computer ... Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Markets | | | A choppy day of trading on Wall Street ended Friday with an uneven finish for the major stock indexes, as mixed economic data stoked worries that the Federal Reserve’s work on bringing inflation to heel isn’t done.The S&P 500 slipped 0.1% after wavering between small gains and losses most of the... Read the Full Story |
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Markets | | | Italian bank stocks plunged Tuesday after the Cabinet approved a proposal to apply a 40% tax on some bank profits this year to help consumers and businesses cope with higher borrowing costs.Transport Minister Matteo Salvini announced the tax at a Monday evening news conference, saying it was a measu... Read the Full Story |
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Markets | | | Swiss taxpayers are off the hook from a government-engineered rescue plan that doled out billions to help UBS, the country's largest bank, take over its ailing rival Credit Suisse.UBS said Friday that it has shut down state support that had made available up to 200 billion Swiss francs (about $230 b... Read the Full Story |
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Royal Caribbean Cruises Ltd. (NYSE: RCL) shares are up 108.72% this year, as the industry is rebounding from devastating losses directly connected to pandemic-era restrictions.
But the company isn’t just floating aimlessly. Royal Caribbean is preparing to set sail with Isle of the Sea... Read the Full Story |
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Nearly a year after CEO Bob Iger’s return to Disney’s (NYSE: DIS) throne, the magic returns to the Magic Kingdom. While hurdles remain, there are signs that traction is building and will sustain earnings power this year and next. The critical takeaway is that the company is progressing... Read the Full Story |
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Friday's Early Bird Stock Of The Day HighPeak Energy, Inc., an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas. | | View Today's Stock Pick |
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