Good MorningEquities retreat for another week last week bringing the major indices down to multi-month low levels. The S&P 500, specifically, is now trading just above a key support level that could lead the index to another 10% decline if broken. At face value, it is the tensions in Russia and Ukraine that are driving the market lower but there is a deeper story. The unexpected acceleration of inflation and the growing expectation for aggressive FOMC rate hikes is what's really driving the market. The Fed is expected to hike rates at least 4 times by June and there is a real chance the committee could surprise with a 50 basis point hike at the March meeting. The Fed will continue to be in focus this week with the PCE price index due out on Friday. The PCE index is the Fed's favored tool for measuring consumer-level inflation and it is going to be another hot one.
Also on tap this week, are earnings from the retail sector led by a report from Home Depot. Home Depot is expected to show sustained YOY growth and there is upside risk in the top-line figure. The risk for the market is that inflation and supply chain headwinds will cut into the bottom line and dampen the outlook for Q1 and Q2 results. Featured: This Tech Stock Is A SCREAMING Buy Right Now (Darwin) 
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Politics | | | World shares were mixed Monday as investors watched for developments in Ukraine after Russia rescinded earlier pledges to pull tens of thousands of its troops away from Ukraine’s northern border.
U.S. markets will be closed for a holiday but futures were higher. Shares rose in early ... Read the Full Story |
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Politics | | | Asian shares are mostly lower after a retreat on Wall Street, as investors watch for developments in Ukraine after Russia rescinded earlier pledges to pull tens of thousands of its troops away from Ukraine's northern border Read the Full Story |
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Markets | | | It’s been three months since shares of e-commerce giant Amazon (NASDAQ: AMZN) printed fresh all time highs, a long time for investors who were getting used to it being a daily thing for much of last year. Read the Full Story |
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Markets | | | DE stock is down over 2% despite posting a beat on the top and bottom lines. Investors may view lower YOY earnings as a reason to sell their shares. Nevertheless, this seems like a case of momentum selling which will create a buying opportunity when the dust settles. Read the Full Story |
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Politics | | | Australia's largest electricity generator, AGL Energy, has rejected an 8 billion Australian dollar ($5.8 billion) takeover bid from tech billionaire Mike Cannon-Brookes and Canadian investment firm Brookfield, who want to accelerate the company's transition away from coal-fired power.
... Read the Full Story |
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Markets | | | The sister of Wall Street fraudster Bernie Madoff and her husband were found dead in what investigators said was an apparent murder-suicide in Florida, according to news reports.
The Palm Beach County Sheriff's Office on Sunday identified the couple as 87-year-old Sondra Wiener of Boy... Read the Full Story |
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Markets | | | Krystal Guerra’s Miami apartment has a tiny kitchen, cracked tiles, warped cabinets, no dishwasher and hardly any storage space.
But Guerra was fine with the apartment’s shortcomings. It was all part of being a 32-year-old graduate student in South Florida, she reasoned, and she was h... Read the Full Story |
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Stocks | | |
The mobile homes or "double wides" you remember from "back in the day" have gone the way of the dodo bird. Since 1976, they have been replaced by modern manufactured homes, according to the Department of Housing and Urban Development (HUD).
What are manufactured homes, exactly? They're prefabrica... Read the Full Story |
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Markets | | | You just want to know what the good companies are so you can plug them into your portfolio. However, it's not always that simple, because what's good for one investor or trader isn't always a slam-dunk for another.
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Markets | | | Artificial intelligence (AI) mobility and virtual assistants solutions provider Cerence (NASDAQ: CRNC) stock has been decimated since the IPO highs. The Company provides AI-powered virtual assistants for companies and especially in the automotive industry. Cerence envisions the complete digitization... Read the Full Story |
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Monday's Early Bird Stock Of The Day Dynatrace, Inc. provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation. Its platform allows its customers to modernize and automate IT operations, delivers software, and enhance user experiences. In addition, the company offers implementation, consulting, and training services. It markets its products through a combination of direct sales team and a network of partners, including resellers, system integrators, and managed service providers. It serves customers in various industries comprising banking, financial services, government, insurance, retail and wholesale, transportation, and software. Dynatrace, Inc. was founded in 2005 and is headquartered in Waltham, Massachusetts. | | View Today's Stock Pick |
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