Good MorningEquity markets fell to new lows last week despite the Fed's assurances a 75 basis point interest rate hike was not on the table. The S&P 500 fell to the lowest levels in months and could move lower in the coming week is the CPI data comes in hot again. There is an expectation for consumer-level inflation to cool in April for no other reason than tough comps to the prior year, the risk is that inflation rose at a hotter rate than the market is pricing in and will up the stakes in terms of the FOMC.
The FOMC has been incrementally increasing its outlook for inflation and rate hikes over the past two quarters, we will not be surprised to see it happen again following the CPI release. In other news, the non-farm payroll report came in as expected and points to ongoing health in the labor market. The bad news is a decline in the participation rate suggests unemployed workers have quit looking for jobs and wages continue to put upward pressure on inflation. Featured: Stock Under $2: Last Value Play on Earth? (The Oxford Club) 
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Markets | | | In the wake of its first quarter earnings report, ChemoCentryx ran as much as 25% on Friday as the broader market fell. The move could mark an important inflection point for a stock that had been in a sharp downturn since October. Read the Full Story |
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Politics | | | Authorities deployed armed troops in the capital Colombo on Monday hours after government supporters attacked protesters who have been camped outside the offices of the country's president and prime minster, as trade unions began a “Week of Protests” demanding the government change and its president... Read the Full Story |
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Politics | | | Global shares fell on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment.
European shares fell in early trading and Asian benchmarks also declined.
China reported its exports rose 3.7% over a year earlier in Apri... Read the Full Story |
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From Our PartnersThe EV industry has a dirty secret... one that could end up hurting the value of many top EV companies. Louis Navellier reveals all in new presentation - including the ticker symbol of an EV company to watch today. | | Get the full story HERE. |
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Politics | | | Government supporters on Monday attacked protesters who have been camped outside the offices of Sri Lanka's president and prime minster, as trade unions began a “Week of Protests” demanding the government change and its president to step down over the country’s worst economic crisis in memory.
... Read the Full Story |
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Politics | | | KYIV, Ukraine -- Ukrainian President Volodymyr Zelenskyy released a video address to the war-ravaged nation on Monday, marking the defeat of the Nazi Germany in the World War II, and promising that Ukraine will soon have “two Victory Days.”
“We will never forget what our ancestors did... Read the Full Story |
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From Our PartnersAccording to former Goldman Sachs executive, Nomi Prins…
Americans who are hoping for a ‘return to normal’ are going to be shocked when they see what happens next in America.
She says, “If you’re betting your job, savings, or retirement accounts on a return to ‘normal’ you’re about to be left behind by a brand-new crisis few see coming.” | | | | Click here now to see America’s next crisis. |
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Stocks | | | Shares of toy products and content creator Mattel, Inc. (NYSE: MAT) stock is a rare performer as shares are up 20% year-to-date reaching 52-week highs as benchmark indices plunge in the opposite direction. Read the Full Story |
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Tech | | | The Biden administration announced on Monday that 20 internet companies have agreed to provide discounted service to low-income Americans, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy.
... Read the Full Story |
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Tech | | |
Industrial technology manufacturer Littelfuse (NASDAQ: LFUS) stock has staged a sharp reversal on a stellar fiscal Q1 2022 earnings. The maker of fuses and electronics protection products accommodates transportation and logistics, electronics, and industrial sectors. The Company achieved double-di... Read the Full Story |
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Healthcare | | |
Hospital and healthcare facilities operator HCA Healthcare (NYSE: HCA) stock has been performing relatively strong compared to the benchmark indices during this bearish market sell-off. The nation’s largest hospital operator felt inflationary pressures as labor costs cut into margins more th... Read the Full Story |
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Markets | | | Consumer footwear and athleisure brand Skechers U.S.A. (NYSE: SKX) stock has fallen (-16%) for 2022 faring slightly better than the benchmark indices. The third-largest footwear maker hit all-time high quarterly revenues in its fiscal Q1 2022 results. It has grown its direct-to-consumer (DTC) sales ... Read the Full Story |
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Monday's Early Bird Stock Of The Day HubSpot, Inc., together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content. It offers Operations Hub, which is designed to unify customer data, automate business processes, data cleanup, and provide customer insights and connections; and Commerce Hub, a B2B commerce suite. In addition, the company provides professional services to educate and train customers on how to utilize its CRM platform; and customer success, as well as phone and/or email and chat-based support services. It serves mid-market business-to-business companies. The company was incorporated in 2005 and is headquartered in Cambridge, Massachusetts. | | View Today's Stock Pick |
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