Good MorningEquities tumbled last week on growing fear of overly aggressive interest rate hikes from the FOMC. The minutes from the last meeting reveal the committee is looking at a series of large interest rate hikes as well as the beginning of the balance sheet runoff. The CME's Fedwatch Tool is pricing in 3 consecutive 50 basis point hikes with a chance of 10 more 25 basis point bumps this year. At this pace, interest rates will be well above their pre-pandemic level and their effects will be felt throughout the economy.
The risk for the market this week is twofold. On the one hand, we'll be getting both the CPI and PPI data for March and we expect the data to be hot. On the other, the peak of the earnings season begins with reports from the big banks and they are expected to see earnings decline versus last year. Featured: Tech Stocks SOARING, Get This One Now (Darwin) 
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Politics | | Asian stock markets followed Wall Street lower Monday after the Federal Reserve indicated it might raise interest rates more aggressively to cool U.S. inflation.
Shanghai, Tokyo, Hong Kong and South Korea all declined. Oil fell more than $2 per barrel amid concern global economic grow... Read the Full Story |
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Markets | |
Check Out These Stocks That Are Set to Outperform in a Recession
If the market is truly a forward-looking mechanism, then investors should certainly take notice of the fact that recession-proof stocks have been showing serious strength in recent trading sessions. These are companies that operate ... Read the Full Story |
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Politics | | Global stock markets and Wall Street futures have fallen after the Federal Reserve indicated it might raise interest rates more aggressively to cool U.S. inflation and President Emmanuel Macron emerged from the first round of France’s election facing a challenge from the far right Read the Full Story |
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Tech | |
As soon as you saw that there was money to be made on COVID-19 vaccinations, did you jump on board and buy COVID-19 vaccine companies?
Why not expand your thinking beyond COVID-19? (However, it's important to remember that companies like Moderna have other promising vaccines in the pipelin... Read the Full Story |
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Stocks | |
The 150% rally in GameStop (NYSE: GME) shares through the back end of March was one of the hottest topics on Wall Street coming into Q2. With meme stocks having dominated headlines at various points over the past 18 months, investors were wondering if we were at the start of a fresh eye-watering r... Read the Full Story |
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From Our PartnersWant to know when a major market reversal will happen? This one tool can show you. | | Continue Reading |
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Tech | | Tesla CEO Elon Musk won't be joining Twitter's board of directors as previously announced. The tempestuous billionaire remains Twitter’s largest shareholder.
Twitter CEO Parag Agrawal tweeted the news, which followed a weekend of Musk tweets suggesting possible changes to Twitter, inc... Read the Full Story |
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Politics | | LVIV, Ukraine – Ukraine’s president warned his nation Sunday night that the coming week would be as crucial as any in the war.
“Russian troops will move to even larger operations in the east of our state,” Volodymyr Zelenskyy said in his nightly address.
He accused Rus... Read the Full Story |
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Politics | | BRUSSELS — Ireland’s foreign minister says the European Union should consider imposing sanctions on Russia’s oil industry but cautions that it’s most important for the 27-nation bloc to remain unified.
Several EU countries are dependent on Russian oil and gas imports. After much debat... Read the Full Story |
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Markets | | Digital payments platform PayPal, Inc. (NASDAQ: PYPL) shares have recently staged a rebound with the benchmark indexes but may be losing steam again. Both top and bottom-line growth is slowing as evidenced by its Q4 2021 earnings results. This combined with the market sell-off created a perfect stor... Read the Full Story |
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Markets | |
Consumer packaged foods giant Conagra Brands, Inc. (NYSE: CAG) stock rebounded into its fiscal Q3 2022 earnings. However, the Company lowered its guidance mainly due to a surge in inflationary pressures. The Company faced higher-than-expected cost pressures which ate into margins. However, it has ... Read the Full Story |
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Monday's Early Bird Stock Of The Day Quotient Technology, Inc. engages in the operation of a digital marketing platform that connects brands and retailers with consumers through web, mobile, and social channels. It offers digital printable coupons, digital paperless coupons, coupon codes and other promotions. The company was founded by Steven R. Boal in May 1998 and is headquartered in Salt Lake City, UT. | View Today's Stock Pick |
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