Good MorningEquities started the week on uncertain footing rising early in Monday's session and then falling later in the day. The move comes on the eve of the busiest period of the Q1 earnings reporting season and may foreshadow a lackluster season at best. On a technical basis, Monday's move in the S&P 500 confirms the near-term downtrend and sets the index up for a retest of the 4200 level. That test could come this week after reports from companies like Johnson & Johnson, Abbot Laboratories, Tesla Motors, and PPG Industries.
The risk for the earnings season is the guidance. The market is expecting to see supply chain improvements and margin expansion in the back half of the year and they may not materialize. Not only is the war in Ukraine straining the supply chain but widespread lockdowns in China may bring global manufacturing to a standstill. Regardless, if the outlook for improvement sours the market could be in for a deeper correction than it has so far produced. Featured: Biden Forces NEW Taxes on Pensioners (Goldco) 
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Markets | | | Netflix (NASDAQ: NFLX) developed a disturbing trend of price target reductions ahead of the Q1 earnings report but investors shouldn’t read too much into it. While 7 of the 37 analysts covering the stock came out with commentary in the two weeks before the report, and while 6 of those lowered their price target, the Marketbeat.com consensus price is well above price action. Read the Full Story |
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Markets | | | World stocks were mixed Tuesday, with European benchmarks losing ground after most Asian shares advanced.
London, Paris, Frankfurt and Hong Kong declined while Tokyo and Sydney rose. U.S. futures were higher and oil prices retreated.
Rising prices for energy and food ... Read the Full Story |
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Don't Think Twice About Adding These 3 Quality Stocks The beauty of investing in stocks is that anyone can get involved and start adding shares of quality companies without having a massive budget. All it takes is some research and a bit of determination to get involved in financial markets, ... Read the Full Story |
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Politics | | | MOSCOW — Russia’s defense minister has accused the U.S. and other Western nations of supplying Ukraine with weapons so that it continues fighting “until the last Ukrainian.”
Sergei Shoigu said Tuesday at a meeting with the top military brass that Washington and its allies are doing al... Read the Full Story |
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Politics | | | MOSCOW — The Russian foreign minister says that Moscow’s campaign in Ukraine is entering a new stage.
Sergey Lavrov said in an interview with Indian television broadcast Tuesday that “the operation is continuing, and another phase of this operation is starting now.”
Lav... Read the Full Story |
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Politics | | | Global finance leaders are putting the growing crisis over food insecurity and skyrocketing food prices at center stage as members of the International Monetary Fund and the World Bank meet in Washington and grapple with the brutal effects of Russia's war against Ukraine.
Treasury Sec... Read the Full Story |
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Politics | | | KYIV, Ukraine — A regional governor in eastern Ukraine says five civilians have been killed by Russian shelling.
Kharkiv region Governor Oleh Synyehubov said Tuesday that another 17 residents were wounded in the Russian rocket barrage of the center of Kharkiv and its outskirts.
... Read the Full Story |
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Markets | | | Drugstore operator Rite Aid Corporation (NYSE: RAD) stock has been pummeled since hitting a post-pandemic high of $32.48 on Jan. 28, 2021. The Company was a benefactor from the pandemic as traffic increased from COVID testing and vaccination distribution. However, as the populace recovers and pandem... Read the Full Story |
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Industrial and construction supplies wholesaler Fastenal (NASDAQ: FAST) stock has recently sold off on strong fiscal Q1 2022 earnings. The Company has experienced double-digit daily growth in each of its three divisions: Fasteners, Safety Products, and Other products which are composed of eight sm... Read the Full Story |
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Stocks | | | Supply chain challenges or not, J.B. Hunt Transportation Services (NASDAQ: JBHT) is firing on all cylinders. The Q1 results reveal the company is supported by three pillars of trucking including volume, rates, and fuel surcharges. The key takeaway from the report is that both revenue and earnings are better than expected and we expect the company to continue performing at this level Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona. | | View Today's Stock Pick |
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