Good MorningEquities rebounded on Tuesday after Russian President Vladimir Putin withdrew some of his troops from the Ukrainian border. The news was met with relief tensions seemed to be subsiding but the risk remains high in the region. It is doubtful Putin has given up on his hopes for taking Ukraine, we shall see.
The move in equities also comes despite some much hotter than expected inflation data. The Producer Price Index rose 1.0% in January, twice the expectation, with YOY gains approaching 10.0%. The news adds to the expectation of aggressive FOMC interest rate action but was shrugged off by the market. While the inflation data points at aggressive Fed action it also points to a hot economy and one not likely slowed by a few 25 basis points rate hikes. The risk for the economy now is that rising rates are going to add to inflationary pressures. Featured:
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Politics | | | Oil refineries and other greenhouse gas-emitting companies that participate in one of California's core climate change-fighting programs have accumulated so many credits allowing them to pollute that it could jeopardize the state meeting its emissions goals Read the Full Story |
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From Our PartnersUranium prices are soaring as more than HALF of global monthly uranium production has been taken offline as mines shut down amid a prolonged coronavirus pandemic. Investors are lining up for gains and it could be the windfall of a lifetime. The last time we saw something like this, the price of uranium roared all the way to $140. Well-timed investors could make 10X, 20X and even 30X gains. | | More details here... |
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Politics | | | Asian shares rose Wednesday, buoyed by hopes for a diplomatic solution instead of a Russian invasion of Ukraine.
But analysts warned the tensions were far from completely resolved, and the situation remains volatile.
“In short, provided we get a further pause in geopo... Read the Full Story |
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Politics | | | Global shares rose Wednesday, buoyed by hopes that a diplomatic solution might avert a Russian invasion of Ukraine.
France's CAC 40 edged up 0.7% in early trading to 7,030.39. Germany's DAX rose 0.8% to 15,540.97. Britain's FTSE 100 gained nearly 0.2% to 7,621.99. The future for the ... Read the Full Story |
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Stocks | | | Billions of dollars are already being committed to build the metaverse which makes Matterport a solid long-term speculative stock. But the future is not here yet, so investors should be realistic about the short-term growth of MTTR stock. Read the Full Story |
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Politics | | | Inflation in the United Kingdom has risen at the fastest rate in almost 30 years as increased costs for energy, housing and transportation squeezed household budgets.
The consumer price index ticked up to 5.5% in the 12 months through January and was up from 5.4% the previous month, t... Read the Full Story |
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From Our PartnersCancer is never a fun story to talk about.
The chances of it impacting someone you know is growing on a yearly basis.
That's why this company and its flagship product could become a major game-changer as soon as it's on the scene in the U.S.
This company is heading closer to potential FDA premarket approval. Before that happens, you'll want to know the name of this bottom-floor idea. | | Get the story HERE |
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Markets | | | German vaccine maker BioNTech, which developed the first widely approved shot against COVID-19 together with Pfizer, unveiled plans Wednesday to establish manufacturing facilities in Africa that would boost the availability of much-needed medicines on the continent.
The modular design... Read the Full Story |
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Stocks | | | Roblox (NYSE: RBLX) came on to the scene with a fanfare of expectations that are still in the picture but more elusive than the market first priced in. Those expectations, and the subsequent dose of reality, sent shares first to the moon and then to the bargain basement where they are now. Read the Full Story |
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Markets | | | Domestic casino operator Penn National Gaming, Inc. (NASDAQ: PENN) stock made a spectacular rise from pandemic lows of $3.75 in March 2020 soaring to a high of $142 a year later only to collapsed to a low of $37.76 in January 2022. Read the Full Story |
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Stocks | | |
In the early 2000s, Virgin Galactic began the journey to open up space to paying customers. Finally, in July 2021, Branson and three crew members traveled to Spaceport America, Virgin Galactic’s human spaceflight headquarters in southern New Mexico on the VSS Unity.
In the same month,... Read the Full Story |
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Stocks | | | Those who’ve been reading Marketbeat.com for a while will know that we are fond of the U.S. furniture industry including Haverty Furniture Company (NYSE: HVT). Suffice it to say that these are, generally speaking, healthy companies, and industry fundamentals had them ahead of the game in terms of the supply chain log-jam, and business is supported by secular tailwinds. Read the Full Story |
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Wednesday's Early Bird Stock Of The Day The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations. In addition, it owns and operates nuclear, coal, hydro, cogeneration, solar, wind, battery storage, and fuel cell facilities. Further, the constructs, operates, and maintains approximately 77,900 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.9 million electric and gas utility customers. Further, it develops distributed energy and resilience solutions; deploys microgrids for commercial, industrial, governmental, and utility customers; and offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
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