Good MorningEquity markets started the 2nd quarter on shaky footing with the S&P 500 hovering near break-even on Friday. The move was driven by weaker than expected labor data amplified by the ever-rising threat of inflation. Job creation topped 400,000 for March but fell short of the consensus while wages rose at the fastest YOY pace since the first months of the pandemic. The data points to both tightening labor conditions and accelerating inflation that more than suggest Fed action is needed.
This week will be a quiet week for the market with little on either the economic or earnings calendar. The biggest news of the week, other than geopolitical, will be the FOMC minutes on Wednesday. The minutes will most likely reveal a more hawkish than previously expected FOMC and up the stakes in regards to interest rate hikes. At this point, the FOMC is expected to raise rates by 50 basis points at the next two meetings and that could extend to three meetings if there is no real deceleration in consumer-level price increases. Featured: Bill Gates, Jeff Bezos, and Warren Buffett’s Secretive “OMNIA” Investment? (Legacy Research) 
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Politics | | | Global shares were mixed Monday, with European stocks mostly lower after a day of gains in Asia.
Paris, Frankfurt, Tokyo and Hong Kong rose. London was little changed. Shanghai was closed for a holiday.
Oil prices advanced while U.S. futures slipped.
... Read the Full Story |
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From Our PartnersSteve Jobs' ability to predict the future was remarkable - Now his "Final Prophecy" is coming to life, with huge implications for you and your money. And that's exactly why investing legend Joel Litman has just prepared the most fascinating and useful analysis I've seen in many years... | | Click here to view.
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Politics | | | Global shares were mixed Monday, with European stocks mostly lower after a day of gains in Asia.
Paris, Frankfurt, Tokyo and Hong Kong rose. London was little changed. Shanghai was closed for a holiday.
Oil prices advanced while U.S. futures slipped.
... Read the Full Story |
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Markets | | |
BlackBerry will need more than its iconic name to impress investors
BlackBerry (NYSE:BB) stock took a plunge the day after reporting mixed earnings. The company beat on non-GAAP earnings and surprised with a positive 6 cents per share as opposed to the negative one cent per share that analy... Read the Full Story |
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From Our PartnersThere aren't enough semiconductor chips in the world to meet the skyrocketing demand.
But due to the global chip shortage...
These four companies are well-positioned to take advantage of this rapidly growing demand over the next 12 months and beyond. | | Click here to see the 4 stocks |
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Politics | | | China has sent more than 10,000 health workers from around the country to Shanghai, including 2,000 from the military, as it struggles to stamp out a rapidly spreading outbreak in its largest city under its zero-COVID strategy.
Shanghai was conducting a mass testing of its 25 million ... Read the Full Story |
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Politics | | | China has sent more than 10,000 health workers from across the country to Shanghai, including 2,000 military medical staff, as it struggles to stamp out a rapidly spreading COVID-19 outbreak in China's largest city.
The city was conducting a mass testing of its 25 million residents Mo... Read the Full Story |
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Politics | | | As foreign outrage mounts over evidence of possible executions and other atrocities by Russian forces in Ukraine, Germany’s defense minister says Europe must consider stepping up penalties for Moscow by boycotting its gas exports, an economically painful step European leaders previously avoided.
... Read the Full Story |
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Markets | | | Global digital marketplace Etsy (NASDAQ: ETSY) stock has sold off dramatically worse than the benchmark indices in 2022. The popular e-commerce platform was a pandemic winner as the lockdowns introduced millions of new customers to platform. Despite supply chain and logistics disruptions, the Compan... Read the Full Story |
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Markets | | | Food and beverage maker Campbell Soup Company (NYSE: CPB) shares are attempting to stage a breakout after bouncing off the $40.00 support level. The grocery stockpiling phenomena of the pandemic may have dissipated, but the demand for groceries have continued to strengthen amid inflationary pressure... Read the Full Story |
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Markets | | | Recreational vehicle (RV) manufacturer Winnebago Industries (NYSE: WGO) shares have been selling off with the benchmark indices and continues to sell-off despite the market rebound. The iconic maker of campers and RVs has enjoyed a resurgence of demand fueled by pandemic lockdowns that caused consum... Read the Full Story |
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Stocks | | |
Enterprise identity solutions provider Okta (NASDAQ: OKTA) stock has been on a nasty downtrend since peaking out at $294 in February 2021. Cybersecurity is a constant in the headlines as organizations are placing a higher priority on securing their data. Identity management is at the forefront of ... Read the Full Story |
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Monday's Early Bird Stock Of The Day Diversey Holdings, Ltd., through its subsidiaries, provides hygiene, infection prevention, and cleaning solutions in Europe, North America, the Asia Pacific, the Middle East, Africa, and Latin America. It operates through two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management. This segment serves customers in the healthcare, education, food service, retail and grocery, hospitality, and building service contractors industries. The Food & Beverage segment provides a range of products, solutions, equipment, and machines, such as chemical products, engineering and equipment solutions, knowledge-based services, training through its Diversey Hygiene Academy, and water treatment. This segment serves customers in the brewing, beverage, dairy, processed foods, pharmaceutical, and agriculture industries. Diversey Holdings, Ltd. was founded in 1923 and is headquartered in Fort Mill, South Carolina. As of July 5, 2023, Diversey Holdings, Ltd. operates as a subsidiary of Solenis LLC. | | View Today's Stock Pick |
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