Good MorningEquities sold off again on Monday as fears of a major recession grow. Not only was there hawkish Fed commentary to move the market but JPMorgan CEO Jamie Dimon is once again predicting a recession. He says the US will fall into recession within 6 to 9 months and that it could take the S&P 500 down another 20% or more. On the flip side, Fed president Lael Brainard thinks there are already signs of improvement within the economy and those comments helped the S&P 500 close off the lows of the session.
This week's hurdle for the market is still to come, however, with the PPI and CPI both due out later this week. The market is expecting to see core consumer inflation cool on a month-to-month and YOY basis and it may be disappointed. The last read on PCE prices showed a surprise increase and there are still indications of rising prices from within the S&P 500 itself. A hot number would be bad for the market and could lead it to set a new low by the end of the week. Featured: $200 Oil Sooner Than You Think -- Buy This Now (IPM) 
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One the worst performing and least-traded groups of 2022, the cannabis sector has suddenly caught fire.
The spark that has investors dabbling in weed stocks again was not a blockbuster earnings report or social media hype. Instead, it came from President Joe Biden.
On Thursday, Biden announced s... Read the Full Story |
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Tesla Inc. (NASDAQ: TSLA), the undisputed electric vehicle (EV) heavyweight, has taken its share of punches.
A series of negative headlines have dragged the stock to its lowest level since the 3-for-1 split and down more than 30% year-to-date. The elevated trading volume during the downturn... Read the Full Story |
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Markets | | | Packaged food and beverage maker Campbell soup stock is one of the rare stocks that remains green for the year, up 6.5% versus the SPDR S&P 500 ETF (NYSEARCA: SPY), which is down -24% in 2022. The Campbell Soup Company (NYSE: CPB) has expanded its products beyond soup, enabling it to appeal... Read the Full Story |
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Politics | | | Tunisians have been hit with soaring food prices and shortages of basic staples in recent weeks, threatening to turn simmering discontent in the North African country — the cradle of the Arab Spring protests — into larger turmoil.
Sugar, vegetable oil, rice and even bottled water per... Read the Full Story |
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Tech | | | Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks.
Taiwan dropped 4.4% after reopening from a holiday in the first trading session since the U.S. imposed new limits on exports of semiconductors and chip-making equipment to C... Read the Full Story |
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Markets | | | Two of New Zealand's largest ski areas on Tuesday were placed into a type of bankruptcy proceeding following a disastrous winter season with barely any snow.
The Tūroa and Whakapapa ski areas, which are both owned by Ruapehu Alpine Lifts, entered what is called voluntary administratio... Read the Full Story |
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Markets | | | Global media entertainment giant Paramount Global (NASDAQ: PARA) has undergone an image makeover and rebranding after its stock collapsed as ViacomCBS. Hoping to shed its controversial past with the Redstone family drama and the Archegos Capital Management $20 billion blowup, the company has emerged... Read the Full Story |
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Markets | | | Eager to admire colorful foliage, eat sushi and go shopping, droves of tourists from abroad began arriving in Japan on Tuesday, with the end of pandemic-fighting border restrictions that had been in place for more than two years.
"We got the news that we can finally come. We are real... Read the Full Story |
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Tech | | | The head of Britain’s cyber-intelligence agency is accusing China of using its economic and technological clout to clamp down at home and exert control abroad, saying Beijing’s aggressive stance is driven by fear and poses “a huge threat to us all.”
Jeremy Fleming, director of GCHQ, s... Read the Full Story |
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Kate’s guest on The MarketBeat Podcast this week is Brian Mulberry, client portfolio manager at Zacks Investment Management. Brian brings three large-cap ideas today and discusses why one utility may have potential beyond the traditional role of a dividend payer. He also discusses why a very... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Lamb Weston Holdings, Inc. produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels. The company also provides its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers' own brands. In addition, it engages in the vegetable and dairy businesses. The company sells its products through a network of internal sales personnel and independent brokers, agents, and distributors to chain restaurants, wholesale, grocery, mass merchants, club and specialty retailers, businesses, educational institutions, independent restaurants, regional chain restaurants, and convenience stores. Lamb Weston Holdings, Inc. was incorporated in 1950 and is headquartered in Eagle, Idaho. | | View Today's Stock Pick |
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