Good MorningEquities slipped on Wednesday following a mad dash for the exits on Tuesday. The S&P 500 fell about 0.25% at the low of the day on fears of slowing economic activity and an earnings recession that could begin as soon as the current quarter. While several reports have come in better than expected the strength is isolated and the signs of economic headwinds are growing. If this trend continues it could lead to a significant revision to the 2nd half outlook that drives the market even lower and that is not the only risk. The PCE price index is expected to come in hot and increase the odds not only of aggressive FOMC action but a major recession as well.
In regards to stocks, the defensive Consumer Staples stock General Mills was among the market's leaders on Wednesday. The stock represents not only a value to investors but a high yield that is backed upped by results. General Mills' 2nd quarter earnings were better than expected and came with an increase in guidance that we think will be echoed across the sector. Featured: Genius Wealth Strategy Once Outlawed By Congress Now 100% Legal (Gold Allied Trust) 
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Markets | | | Global stock markets declined Thursday after the U.S. economy contracted, fueling fears of a worldwide downturn.
London and Frankfurt opened lower. Tokyo and Hong Kong declined while Shanghai gained.
The future for Wall Street’s benchmark S&P 500 index was down 1.1%... Read the Full Story |
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Markets | | | Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity.
Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced.
Wall Street's benchmark S&P 500 index edged down 0.1% on Wedne... Read the Full Story |
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Politics | | | Oil prices are high, and drivers are paying more at the pump. But the OPEC oil cartel and allied producing nations may not be much help as they decide Thursday how much more crude to send to world markets.
That's because the 23-member OPEC+ alliance, which includes Russia, is struggli... Read the Full Story |
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Stocks | | | The glass half empty view will show that shares of Snowflake (NYSE: SNOW) were trading down as much as 70% from last year’s highs only two weeks ago. But the glass half full view will have you look at the 40% they’ve popped in the past fortnight, and the fresh voices that have been added to the bull camp. Read the Full Story |
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Markets | | |
Here’s why the confectioner deserves a place on your bear market watchlist
As investors look forward to the second-quarter earnings season, they should take a close look at The Hershey Company (NYSE: HSY). The company may deliver a pleasant surprise when it reports earnings in ea... Read the Full Story |
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Politics | | | Dutch flag carrier KLM says it is repaying the last portion of loans it got from the Netherlands government and banks to help it survive when the COVID-19 pandemic threw global aviation into a tailspin Read the Full Story |
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Politics | | | Kirin Holdings will sell its shares in Myanmar Brewery to its joint venture partner Myanma Economic Holdings Plc., the Japanese beverage giant said in a statement Thursday.
Kirin said the share buyback agreement with MEHL, a company facing sanctions by the U.S. and other Western gover... Read the Full Story |
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Stocks | | | SGH (NASDAQ: SGH) has been a smart buy for the last two years or so and now the value is as compelling as it has ever been. The company just released Q3 earnings to beat expectations, announced a major acquisition that should be immediately accretive, and yet shares fell sharply in the pre-opening action. Read the Full Story |
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Markets | | | Specialty electronics, appliances, and furniture retailer Conn’s (NASDAQ: CONN) stock has lost (-60%) year-to-date in 2022 bear market. Inflationary pressures, supply chain disruption, and rising logistics expenses are some of the headwinds taking the steam out of the regional home products re... Read the Full Story |
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Markets | | | McCormick & Company (NYSE: MKC) is a high-quality consumer staple stock and a healthy dividend payer so it should be a good defensive play for the times. The problem is that McCormick & Company is among the highest-valued consumer staples on the market and it pays one of the lowest dividends. Read the Full Story |
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Thursday's Early Bird Stock Of The Day Duluth Holdings Inc. sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked. Duluth Holdings Inc. markets its products through its Website, catalogs, and retail stores. As of May 17, 2018, it operated 36 retail stores. The company was formerly known as GEMPLER'S, Inc. Duluth Holdings Inc. was founded in 1989 and is headquartered in Belleville, Wisconsin. | | View Today's Stock Pick |
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