Good MorningEquities slipped again on Thursday and are in danger of falling further. While the S&P 500 was able to claw its way upward from a freshly set low, the index is still below what is now a key resistance target. The 4,100 level was confirmed as resistance this week and will be a major hurdle for the index going forward. the longer it takes for the market to get back above that level, the harder it will be to cross above it and we are not hopeful of a rebound next week.
Next week will be a critical time for the broad market. The technical picture is lending strength to the argument "sell in May and go away" and there are no catalysts for buying on the horizon. The catalyst that is on the horizon is the PCE Price index and we do not expect it to be a pleasing figure. If the market falls to a new low, a low below 3,860, the S&P 500 is likely to fall another 100 points or more before finding the next level of price support. Featured: Government Loophole Converts Your IRA/401(k) to Physical Gold (Gold Allied Trust) 
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A company known for its reliability should give investors something they can count on
John Deere (NYSE:DE) is due to report earnings before the market opens on May 20. And at this point, any bit of good news would have a calming effect on markets. With that in mind, John Deere may be t... Read the Full Story |
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Politics | | | Global stock markets rose Friday after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation edged higher.
London opened higher while Frankfurt retreated. Shanghai, Tokyo, Hong Kong and Sydney gained. Oil prices declined.
Wall S... Read the Full Story |
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Markets | | | Rapid7, Inc. (NASDAQ: RPD), unlike most of its competitors in the cloud security space, has the very real possibility of turning a profit this year, which probably comes as a great surprise to many investors Read the Full Story |
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Stocks | | | The price for WTI (NYSE: USO) has been trending sideways over the past few months as traders, speculators, hedge funds, and users of oil wrestle with a rapidly changing environment. While the price action has been moving lower over the past few days, we don’t think a top has been reached in this market. Read the Full Story |
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Politics | | | Edoardo Ronzoni inspects a construction site near Milan that he shut down in March as costs for materials skyrocketed. He can’t complete a half-built roundabout at an intersection known for fender-benders because asphalt, cast-iron pipes and concrete are too expensive — prices exacerbated by Russia'... Read the Full Story |
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Markets | | | Fabless integrated circuit (IC) semiconductor company Silicon Labs (NASDAQ: SLAB) stock is attempting to rebound after losing more than (-30%) on the year with the benchmark Nasdaq index. The IoT leader in secure and intelligent wireless technology saw impressive growth in its fiscal Q1 2022 report ... Read the Full Story |
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Tech | | | President Joe Biden is opening his trip to Asia with a focus on the computer chip shortage that has bedeviled the world economy, touring a Samsung computer chip plant that will serve as model for a $17 billion semiconductor factory that the Korean electronics company plans to open in Texas.
... Read the Full Story |
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Politics | | | A German court on Friday is set to begin hearing a case brought against Volkswagen by a farmer who claims the automaker is partly responsible for the impact that global warming is having on his family business.
"Farmers are already being hit harder and faster by climate change than ex... Read the Full Story |
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Tech | | | President Joe Biden is opening his trip to Asia with a focus on the U.S. tech sector, touring a Samsung computer chip plant on Friday that will serve as model for a $17 billion semiconductor factory that the Korean electronics company is building outside Austin, Texas.
The visit is al... Read the Full Story |
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Markets | | | Lowe’s (NYSE: LOW) moved lower on the heels of its Q1 earnings report and we don’t think the move is over. While price action is rebounding the day after the report was released we are viewing it as a dead cat bounce, at least for now. Read the Full Story |
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Friday's Early Bird Stock Of The Day Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware. | | View Today's Stock Pick |
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