Good MorningThe rebound in equities continued on Wednesday but this is still not a buyable bottom for stocks. The move came despite some hawkish commentary from Fed Chief Jerome Powell who says the committee is committed to taming inflation. In his view, price stability is of the utmost importance to the economy which should be translated as "aggressive interest rate hikes are on the way". The scariest part of the commentary was his opinion a recession was possible. Given the lagging nature of the Fed's stance, we take this to mean a recession is already underway and it may be a bad one.
Thursday could be a wild ride for the market. Comments are due from at least four Fed members and any one of them could up the stakes for the economy. As it stands now, the odds of a recession are very high, the only question is how long deep will it be and how long will it last? Featured: Are you ready for the uranium bull market? (*** Azincourt Energy) 
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Stocks | | |
If there’s one silver lining about the bear market, it’s that income investors have higher dividend yields at their disposal.
While it’s hard to know if this week’s stock rebound will endure, we do know that many stocks remain significantly discounted. And that those that ... Read the Full Story |
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From Our PartnersFinding that "diamond in the rough" - such as the next Amazon or Netflix - is what drives many microcap investors. And future Q2 earnings announcements will likely be the reason for a sudden spike in share prices for these 5 microcap stocks. | | Click here to get the names & ticker symbols of all 5. |
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Politics | | | European stocks opened lower Thursday while Asian markets gained after the Federal Reserve chairman said a recession is possible as the U.S. central bank raises interest rates to cool surging inflation.
London and Frankfurt declined. Shanghai, Tokyo and Hong Kong closed higher. Oil pr... Read the Full Story |
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Politics | | | Asian stock markets are mostly higher after the Federal Reserve chairman said the U.S. central bank wants to avoid causing a recession but one is possible as it raises interest rates to cool surging inflation Read the Full Story |
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Markets | | | Korn Ferry (NYSE: KFY) is living proof that labor trends are strong and supported by robust tailwinds. The company’s positioning as an outsourcing/consulting/hiring firm has it well-positioned to benefit from these trends. Read the Full Story |
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Markets | | | While the benchmark S&P 500 index has fallen as much as 13% since this time last month, shares of discount retailer Dollar General (NYSE: DG) have jumped 30%. So while many on Wall Street might never have shopped there, you can be sure they are sitting up, taking notice and starting to consider a position now. Read the Full Story |
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From Our PartnersI thought you'd be interested in this report from Behind the Markets.
Ukraine isn't the real problem - Taiwan is. | | Learn More Here. |
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Politics | | | An American executive who resigned from Toyota after being arrested in Japan in 2015 on suspicion of drug law violations is back at the Japanese automaker, the company said Thursday.
Julie Hamp has been hired by Toyota Motor Corp.'s North American operations to support its chief execu... Read the Full Story |
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Politics | | | A Japanese High Court on Thursday rejected an appeal by a former brokerage manager alleging on-the-job harassment and unlawful dismissal after he took parental leave while working at Mitsubishi UFJ Morgan Stanley.
The case of Glen Wood, a Canadian who has lived in Japan for more than ... Read the Full Story |
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Politics | | | Germany has activated the second phase of its three-stage emergency plan for natural gas supplies, saying the country faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia Read the Full Story |
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Markets | | | Specialty women’s intimate apparel retailer Victoria’s Secret (NYSE: VSCO) stock has cratered (-44%) in this year’s bear market. The Company was spun-off from the Limited Brands in 2021 with 1,400 retail locations under the Victoria’s Secret and PINK brands. The Company beat ... Read the Full Story |
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Markets | | | Amusement park operator Six Flags (NYSE: SIX) stock has been trounced down (-49%) on the year. Business was severely impacted from the pandemic as an epicenter industry that experienced long periods of shutdowns. The reopening and elimination of social distancing mandates have enabled the Company to... Read the Full Story |
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Thursday's Early Bird Stock Of The Day VNET Group, Inc., an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China. | | View Today's Stock Pick |
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