Good MorningEquities broke out of a downtrending channel to the downside last week in evidence of mounting fear about the economy. The FOMC was forced to hike rates by 75 basis points in what some would call a surprise move. Others, however, would say the FOMC is still behind the curve and that at least one more if not two more 75 basis point hikes were needed. Regardless of the pace, the takeaway for the market is that inflation is still out of control and aggressive rate hikes are making the cost of business more expensive. In this scenario, economic activity can be expected to contract and there is evidence of that already. The Index of Leading Indicators fell for the second month by -0.4% suggesting an economic recession is already in play.
This week will be a hurdle for the market because of how little new information is set to be released. On the economic front, there are only two data points due out and both are from the housing sector. On the earnings front, there are only a handful of confirmed reports and very few from companies other than home builders. Featured: Ukraine isn't the real problem - Taiwan is. (BehindtheMarkets) 
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Markets | | | Global stocks rebounded Tuesday as Wall Street futures moved higher after a U.S. market holiday.
London and Frankfurt opened higher. Tokyo, Hong Kong and Sydney gained while Shanghai declined. Oil prices climbed above $110 per barrel.
The future for Wall Street's benchm... Read the Full Story |
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Markets | | | Asian stocks rebounded Tuesday as Wall Street futures moved higher after a U.S. market holiday.
Tokyo, Hong Kong and Sydney gained. Shanghai declined. Oil prices climbed above $110 per barrel.
The future for Wall Street's benchmark S&P 500 index was up 1.4% as U.S. ... Read the Full Story |
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Stocks | | | There is so much uncertainty in the air the only thing we can be certain of is the economic conditions will not be the same this fall as they were last fall. If supply chain improvements materialize if inflation gets under control if job growth continues the market will rebound and end the year at or above where it began in 2022. Read the Full Story |
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From Our PartnersUranium prices are soaring as more than HALF of global uranium production has been taken offline. Investors are lining up for gains and it could be the windfall of a lifetime. The last time we saw something like this, the price of uranium roared all the way to $140. Well-timed investors could make 10X, 20X and even 30X gains. | | More details here... |
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Politics | | | Russia’s military kept grinding down Ukraine’s defenses Monday, with combat in eastern areas said to be entering a “decisive” phase, as the war’s consequences for food and fuel supplies increasingly weighed on minds around the globe.
In Ukraine’s eastern Luhansk region, which in recen... Read the Full Story |
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Politics | | | California lawmakers say they'll investigate why the state's gas prices are the highest in the U.S. Assembly Speaker Anthony Rendon announced a bipartisan committee on Monday to investigate gas price gouging Read the Full Story |
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From Our PartnersLive crypto trading session reveals what could be the biggest crypto trade of the year. | | | | Continue Reading |
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Politics | | | President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon.
“Yes, I’m considering it,” Biden told reporters after taking a walk along the beach near h... Read the Full Story |
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Markets | | | Online pet products and services platform Chewy, Inc. (NASDAQ: CHWY) stock has fallen (-50%) in the 2022 bear market. The pet category was bolstered during the pandemic lockdowns as more people became pet owners. This was a boon to Chewy’s online platform. This is evident by the fact that near... Read the Full Story |
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Stocks | | | Lennar (NYSE: LEN) reported a fantastic 2nd quarter but there are signs with the report that makes us think we’ve reached a peak in the housing market. The company’s New Orders and Backlog suggest that not only are sales slowing under the weight of rising prices and higher interest rates but the company’s ability to meet the demand is also flagging. Read the Full Story |
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Markets | | | Medical diagnostic lab company Quest Diagnostic (NYSE: DGX) stock has been performing relatively stronger than the benchmark indices down only (-20%) on the year. The Company was a benefactor of the pandemic processing COVID test results, but volumes are falling as COVID wanes amidst mass vaccinatio... Read the Full Story |
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Energy demand continues to remain robust, and with the global economic backdrop, energy-related stocks that provide a dividend yield could help your portfolio mitigate some of the adverse effects of the current inflationary environment and market volatility.
Midstream companies primarily be... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in oil sands mining. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada; and marketing and risk management of crude oil and natural gas. The Refining and Marketing segment engages in the refining of crude oil products; and distribution, marketing, transportation, and risk management of refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment is also involved in the trading of crude oil, refined products, natural gas, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada. Suncor Energy Inc. | | View Today's Stock Pick |
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