Good MorningEquities rebounded for a fourth day as investors scoop up newly found bargains. The move may gain momentum now that retail sales data and earnings from the major retailers is in, but investors should be cautious in the near term. While bullish, the action of late is driven in large part by short selling and short-covering so should not be viewed as true buying. The S&P 500 may continue to move upward in the near term but there is a chance for resistance at the 4,100 to 4,200 range. If resistance is present at that range the index could fall back to the newly set low and possibly lower.
The next big hurdle for the week will come next Friday in the form of the PCE price index. The PCE price index is the Fed's favored tool for measuring consumer-level inflation and it has been running very hot over the past year. Another month of record-level inflation with no sign of it relenting could seal the fate of the Fed's ability to provide a soft landing in regard to the economy. With inflation running rampant, the FOMC may have no choice but to intentionally induce a recession. Featured: Laser Breakthrough Could Send This Stock Soaring (BehindtheMarkets) 
|
Markets | | | Global stock markets were mixed and Wall Street futures were lower Wednesday after positive U.S. retail sales data helped to offset concern the Federal Reserve might consider more rate hikes to cool inflation.
London and Frankfurt opened lower. Tokyo and Seoul advanced, while Shanghai... Read the Full Story |
|
From Our PartnersDave Forest discovered a unique "backdoor" play... Which can give regular folks access to potentially lucrative private deals.
His next big recommendation could get you into a secretive deal alongside JEFF BEZOS... And potentially hand you a 49X return...
For as little as $3. | | | | Click here for the full story. |
|
Markets | | | VMWare has great revenues and excellent prospects for continuing to increase its market share. The business is heavily reinvested into its future, but it is facing headwinds from unfavourable macroeconomic forces. Read the Full Story |
|
Politics | | | Britain’s inflation rate rose to the highest level in 40 years last month as Russia's war in Ukraine fueled further increases in food and fuel prices.
Consumer price inflation accelerated to 9% in the 12 months through April, up from 7% the previous month, the Office for National Stat... Read the Full Story |
|
|
Politics | | | Germany’s three governing parties plan to strip former Chancellor Gerhard Schroeder of his office and staff after he maintained and defended his long-standing ties with Russia despite the war in Ukraine Read the Full Story |
|
Politics | | | Ukrainian fighters extracted from the last bastion of resistance in Mariupol were taken to a former penal colony in enemy-controlled territory, and a top military official hoped they could be exchanged for Russian prisoners of war Read the Full Story |
|
From Our PartnersCould this company be the most exciting uranium investment of the decade? Supply-demand scenario shows the need for uranium discovery with more reactors in the planning/build pipeline than ever before. The last two bull cycles created enormous wealth. Don't miss out on the next one. | | Add this company to your watchlist |
|
Politics | | | While Europeans bask in the warmth of spring, governments are in a race against winter.
Europe is trying to cut use of Russian natural gas because of the war in Ukraine, but still find enough fuel to keep the lights on and homes warm before it gets cold again.
That ha... Read the Full Story |
|
Stocks | | | Walmart (NYSE: WMT) has been one of the few retailers who haven’t leaned into pricing to boost its results but that may be about to change. The company’s strategy helped it sustain YOY revenue growth but at a very tepid rate while bottom-line results were eroded by inflation. Read the Full Story |
|
Markets | | | Video-game maker Take-Two Interactive (NASDAQ: TTWO) had been having a run of very poor form before their fiscal Q4 earnings were released this week. Since hitting an all-time high in January of 2021, they’ve only gone down since, a full 50% to be exact, with any hint of a rally in the meantim... Read the Full Story |
|
Stocks | | | There were great hopes for Weber, Inc (NYSE: WEBR) and the grilling industry in general but those hopes have gone up in smoke. While business is still good, growth is slowing under the influence of inflation, supply chain headwinds, and a lack of stimulus and shares are suffering for it. Read the Full Story |
|
Markets | | | Streaming platform and hardware provider Roku (NASDAQ: ROKU) stock has tumbled (-58%) for the year and over (-70%) since hitting its all-time high of $490.76 on July 19, 2021. The leading U.S. streaming player has continued to ride the cord-cutting tailwinds. TV streaming devices surpassed legacy se... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, the company provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair services. Further, it offers warranty and after-market repair services. It offers its products through a direct sales force, independent sales representatives, channel partners, and distributors. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado. | | View Today's Stock Pick |
|
