Good MorningEquity markets should continue to shake off the impact of higher than expected inflation this week but the risk of inflation is still present. The much-hotter than expected CPI and PPI releases underscore what industry professionals and S&P 500 executives have been saying for the last quarter; higher prices are here. The question now is at what pace will inflation stabilize, and when. If the pace of inflation remains high next month the market could be in for another swoon.
This week, investors will be focusing on the last of the S&P 500 Q1 earnings reports and some key mid-month data. The economic calendar includes reads on manufacturing conditions, home builder sentiment, housing starts, and the Index of Leading Indicators as well as the minutes from the Fed’s last meeting. The market will be closely watching each data release for signs of higher inflation and they could send the market lower if present. Regardless of the outcome of this week’s data, consumers should be prepared for steadily rising prices over the next several quarters.
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Markets | | | Global stock markets were mixed Monday after surging new coronavirus cases in Thailand and Taiwan fueled disease fears and Chinese factory and consumer activity were weaker than expected.
London and Frankfurt opened lower. Shanghai and Hong Kong advanced while Tokyo declined.
... Read the Full Story |
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Markets | | | Asian stock markets were mixed Monday after Taiwan and Singapore tightened anti-coronavirus restrictions and Wall Street turned in its biggest weekly decline in three months.
Shanghai and Hong Kong advanced, while Tokyo and Seoul declined.
Wall Street’s benchmark S&... Read the Full Story |
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Tech | | | The operator of the nation's largest gasoline pipeline — hit on May 7th by a ransomware attack — announced Saturday that it has resumed “normal operations," delivering fuel to its markets, including a large swath of the East Coast.
Georgia-based Colonial Pipeline had begun the process... Read the Full Story |
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Innovation And Results Will Drive These Stocks Higher
It is without a doubt the EV market is a huge growth opportunity. It is also fairly clear the EV investment market got ahead of itself in 2020. Now, with prices for EV stocks trading at multi-month lows, it looks like a good time to star... Read the Full Story |
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Markets | | | Sanofi and GlaxoSmithKline’s potential COVID-19 vaccine triggered strong immune responses in all adult age groups in preliminary trials, boosting optimism the shot may join the fight against the pandemic this year.
After two doses of the vaccine candidate, participants showed neutrali... Read the Full Story |
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Politics | | | GAZA CITY, Gaza Strip — The Gaza Health Ministry says the death toll from Israeli strikes on a main thoroughfare in Gaza City has climbed to 33, including 12 women and eight children.
It was the deadliest single attack since heavy fighting between Israel and Gaza’s Hamas rulers erupt... Read the Full Story |
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Markets | | | FreightCar America (NASDAQ: RAIL) has been working had on a transformation that is proving beneficial to the company. The problem is that Q1 results are far below expectations even with the weakly updated guidance and give little reason to own the stock Read the Full Story |
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Investors looking for a play on the quick service restaurant (QSR) rebound should look no further than Restaurant Brands International (NYSE:QSR). The company behind the Burger King, Popeye's Louisiana Kitchen, and Tim Horton's restaurant chains is expected to be a major beneficiary of increased c... Read the Full Story |
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Markets | | | Taiwan Semiconductor Manufacturing said it would invest billions into its planned facilities in Phoenix. The news came just weeks after the company announced another expansion of the same plant. The company is also prioritizing the manufacturing of automotive chips this year. Read the Full Story |
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I really dislike spending an overwhelming amount of money on food. Don't get me wrong. I enjoy buying food because every time I go to the store, I can imagine the delicious items we'll cook together as a family.
Currently on this week's menu: chicken fajitas with cilantro lime guacamole, ri... Read the Full Story |
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