Good MorningEquities tried to rebound in a volatile session on Thursday but the move was without much strength. The S&P 500 ended the day in the red if above the opening level and well off the lows of the day. The market is trying hard to build a base of support at the 4,200 level but it will likely be short-lived. The S&P 500 is about to experience a massive earnings-based re-evaluation that could take it down another 20% or more if conditions don't improve.
Among the driving factors for today's market is inflation. The CPI index came in well above expectation for February and points to not only mounting headwinds for the consumer but increasing pressure on corporate margins. The FOMC is expected to act to curb inflation at the March meeting but any move now carries as much risk for harming the economy as saving it. What this means for the market is still unclear but one thing is certain; the FOMC is going to hike interest rates in March and they may surprise the market with a bigger hike than is currently priced in. Featured: Free Report: 5 Stocks to Protect Your Portfolio During Tumultuous Times (Main Street Alerts) 
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Markets | | | Shares were mixed Friday as uncertainty over the war in Ukraine and persistently high inflation hung over world markets.
Stocks opened higher in Europe after most Asian benchmarks retreated.
Investors are fretting over how the world economy may struggle with price pre... Read the Full Story |
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Markets | | | Shares were mostly lower Friday in Asia as uncertainty over the war in Ukraine and persistently high inflation kept their sway over markets.
Hong Kong, Tokyo and Sydney declined while Shanghai and Singapore gained.
Investors are fretting over how the world economy may ... Read the Full Story |
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Markets | | |
On the heels of OxyContin maker Purdue Pharma asking a federal judge to approve a $6 billion nationwide settlement due to the overdose and addiction crisis, a new company will form following the U.S. Bankruptcy Court chapter 11 plan of reorganization. The resulting company is known as Knoa Pharma ... Read the Full Story |
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From Our PartnersYou should plan your next shopping trip around these 27 items. In the coming days, they could skyrocket in price…
Investing expert Dave Forest just went on-site at an American superstore to find out what the HECK is going on in America. | | | | Click here now to see what’s on Dave’s list |
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Politics | | | Hundreds of Indian medical students who sheltered in bunkers while Russia shelled a Ukrainian city have returned home to bouquets and hugs from their parents in emotional scenes at New Delhi’s international airport Read the Full Story |
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Politics | | | China's government hopes to generate as many as 13 million new jobs this year to help reverse a painful economic slump but faces “many difficulties and challenges," the country’s No. 2 leader said Friday.
Forecasters say the ruling Communist Party is likely to struggle to meet its off... Read the Full Story |
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Stocks | | |
Is it too late to consider lumber stocks?
Nosiree.
Lumber prices have boomed over the past two years for a number of reasons, but in large part due to homeowners trekking to home improvement stores for DIY projects over the pandemic. Home improvement spending ratcheted up 3% to $420 ... Read the Full Story |
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Politics | | | A top Chinese leader warned Friday of “rising uncertainties” and pledged tax cuts to shore up growth as the potential economic and geopolitical fallout from Russia's invasion of Ukraine loomed over an annual meeting of China's ceremonial legislature.
Premier Li Keqiang described the s... Read the Full Story |
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Markets | | | Cricut (NASDAQ: CRCT) is an exciting growth story with plenty of pandemic tailwinds behind it. The company makes a line of IoT-connected crafting machines that is complimented by a robust subscription service and materials business as well. Read the Full Story |
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Markets | | | The new chatter on Wall Street is that a stock market correction worse than the pandemic is brewing for the S&P 500 (NYSEARCA: SPY). Whether or not that actually happens, this is a growing fear and one that will have an impact on the market. Read the Full Story |
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Stocks | | | Campbells Soup Company (NYSE: CPB) is among the more attractive consumer discretionary stocks and its shares just went on sale. The stock is trading at only 15X its earnings while yielding over 3.5% with earnings improvement and dividend growth in the forecast. Read the Full Story |
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Friday's Early Bird Stock Of The Day EverQuote, Inc. operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc., and changed its name to EverQuote, Inc. in November 2014. EverQuote, Inc. was incorporated in 2008 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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