Good MorningEquities started the day in the green on Thursday but reversed course midday. Remarks from Fed chairman Jerome Powell put the fear of inflation back on the front burner. In his remarks, Mr. Powell said taming inflation was absolutely necessary and that a 50 basis point rate hike was on the table for May. The news caused a sell-off in the ten-year treasury that sent rates to the highest level since December 2018. At the current rate of gain, the rate on the ten-year treasury note will exceed 3.25% by the end of the year. At those levels, bonds become a more attractive investment than the average S&P 500 stock and may become a headwind for equities.
Next week, the market will be fully focused on earnings as well as inflation. Next week is the first really busy week of the reporting season and should bring more than 100 reports from S&P 500 companies. On the inflation front, the PCE price index is slated for release on Friday and should be another hot one despite lapping last year's 3.5% increase. Featured: 166% More Gains than the S&P 500 (Money Map Press) 
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A unique environment brings uncertainty to both companies
As earnings season begins in earnest, the market heard from two companies that benefited from the surge in used car demand in 2021. Carvana (NYSE:CVNA) and AutoNation (NYSE:AN) were hoping to deliver reports that would change the for... Read the Full Story |
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From Our PartnersJeff Clark - "I Never Worry About Where The Market Is Headed. I Only Trade One Stock" | | | | Learn More |
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Markets | | |
After two years of supply-demand imbalances, what numbers should investors be looking at?
Boston Beer Company (NYSE: SAM) stock is trading 73% lower than its 52-week high. And the company’s first-quarter 2022 revenue and earnings are projected to come in lower on a year-over-year (YOY... Read the Full Story |
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Politics | | | Officials in Shanghai have promised to ease anti-virus controls on truck drivers that are hampering food supplies and trade, while city streets are still largely empty after millions of people were allowed out of their homes Read the Full Story |
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From Our PartnersYou see, although the Russian oil supply crisis is creating havoc around the world… there are two stocks worth investment consideration. One is a blue chip, multinational energy company that recently crushed its revenue and earnings estimates. Hedge funds are pouring money into it. The other stock recently almost doubled in 26 days.
(**By clicking link you are subscribing to The Wealthiest Investor News’ Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | | Discover the names of these two stocks now |
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Politics | | | BERLIN — The U.N. human rights chief says that international humanitarian law appears to have been “tossed aside” in Russia’s war in Ukraine.
The Geneva-based human rights office said in a statement Friday that “Russian armed forces have indiscriminately shelled and bombed populated a... Read the Full Story |
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Politics | | | Officials in Shanghai have promised to ease anti-virus controls on truck drivers that are hampering food supplies and trade, while city streets are still largely empty after millions of people were allowed out of their homes Read the Full Story |
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From Our PartnersIf you have serious assets in the market, read this warning by May 11. The man who predicted the 2020 crash says that a May 11 announcement could have a massive impact on the best-known stocks. “Move your money by 4:05pm ET on May 11,” he says. The last time he issued a public warning, the market saw its biggest one-day drop in history. | | | | Click here to learn more. |
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Politics | | | India and Britain have urged Russia to declare an immediate cease-fire in Ukraine as British Prime Minister Boris Johnson announced steps to help move New Delhi away from its dependence on Russia by expanding economic and defense ties Read the Full Story |
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Politics | | | Global shares retreated Friday, tracking losses on Wall Street after Federal Reserve Chair Jerome Powell indicated increases in interest rates must be faster to fight inflation.
Most major indexes declined, though Shanghai edged higher after authorities there promised to ease anti-vir... Read the Full Story |
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Markets | | | Kinder Morgan (NYSE: KMI) caught our eye last year as a high-yielding value that we might want to own. The company was exiting a period of underperformance and reorganization and looking ahead to a favorable market environment. Read the Full Story |
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The clean energy company is swimming against the stream for now
NextEra Energy (NYSE: NEE) is one of the leading clean energy companies in the United States. And that served the company very well for most of the last two years. From the onset of the pandemic through 2021, NEE stock climbed ... Read the Full Story |
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Markets | | | Steel Dynamics (NASDAQ: STLD) share prices have been scaling new heights on demand and pricing expectations along with the company’s efforts to expand to meet that demand. The Q1 results not only confirm those expectations but indicate the business is even healthier than the analysts were predicting. Read the Full Story |
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Friday's Early Bird Stock Of The Day Groupon, Inc., together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was incorporated in 2008 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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