Good MorningEquities extended their rebound last week but the move already appears to be losing momentum. The S&P 500 index topped out just above 4500 and with MACD and stochastic indicating overbought conditions. Without a new catalyst, and with much of last week's action-driven by short-covering, it doesn't look like the index can move much higher. The next target for resistance is at 4,600 and it may be reached this week.
This week the market will be bracing for another round of important economic data including the PCE price index and the NFP report on Friday. The PCE price index is expected to produce another hot figure if not an acceleration from the previous month. In either case, the data is expected to increase the odds of a 50 basis interest rate hike at the next FOMC meeting. The NFP report will be important as well, but more so for the wage data and how it impacts the overall inflation picture. Featured: Learn to Trade the 'New' Markets with A.I. (Vantage Point) 
|
Markets | | | Two weeks ago, it looked like it was game over for GameStop Corp. (NYSE: GME). On March 14th, the popular meme stock sunk to a new 52-week low of $77.58, dragged lower by broad market weakness and continued disdain for the former $400+ high-flier.
Read the Full Story |
|
|
Markets | | | There are some stocks that fall into the category of fortress stocks. General Mills is one of them. With the stock likely to move higher, investors have an intriguing buying opportunity with GIS stock Read the Full Story |
|
Politics | | | Millions of workers have begun a two-day strike across India to express their anger at the government’s economic policies and press their demands for improved rights for industrial workers, employees and farmers Read the Full Story |
|
From Our PartnersInvestors looking for the most attractive growth opportunities would do well to understand the world's most powerful megatrends... As well as the companies best positioned to take advantage of those trends. These 5 stocks are well-positioned to deliver a high upside to investors over the next 12 to 18 months. | | Click Here to Get The Names & Ticker Symbols. |
|
Politics | | | MOSCOW — Russia’s foreign minister says the presidents of Russia and Ukraine could meet for talks only after the key elements of a potential deal are negotiated.
Sergey Lavrov said Monday that “the meeting is necessary once we have clarity regarding solutions on all key issues.”
... Read the Full Story |
|
Politics | | | Asian shares were mixed on Monday as worries about the pandemic, inflation and the war in Ukraine weighed on market sentiment.
Benchmarks in Hong Kong and Sydney gained while Tokyo, Seoul and Shanghai declined.
Adding to concern over the economic impact from the pandem... Read the Full Story |
|
From Our PartnersFREE viral docuseries: 56 experts share how to cash in on the crypto revolution ASAP
| | | | Continue Reading |
|
Markets | | | After climbing to nearly $80 in November 2021, Fortive Corp. (NYSE: FTV) dipped below $60 this month. Shares of the former Danaher division have begun to recover alongside the market rally but still have good upside. Read the Full Story |
|
Politics | | | Spain’s government is readying a package of emergency economic measures worth 6 billion euros in direct aid and tax breaks and 10 billion euros in loans for families and businesses affected by the fallout from Russia’s invasion of Ukraine Read the Full Story |
|
Markets | | | Global shares are mostly higher and oil prices have fallen after Shanghai went into a nine-day semi-lockdown.
Benchmarks rose in Paris, Frankfurt, Hong Kong and Shanghai but fell in Tokyo and Seoul
Adding to concern over the economic impact from the pandemic, Shanghai ... Read the Full Story |
|
Stocks | | |
High-profile cyberattacks keep showing up in the news. You may have been a victim yourself or know someone else who has gotten hacked, whether from your credit card or through a full battery of personal information.
About 47% of Americans experienced financial identity theft in 2020, according to... Read the Full Story |
|
Markets | | | Enterprise cloud and data application software solutions provider Splunk (NASDAQ: SPLK) stock has been rebounding strong with the benchmark indexes in the past few weeks. The cloud-based data analysis and security platform had a very strong close for its fiscal year 2022 smoking consensus analyst es... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Bumble Inc. provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point. Bumble Inc. was founded in 2006 in and is headquartered in Austin, Texas. | | View Today's Stock Pick |
|
