Good MorningThe June CPI data was worse than investors expected. The year-over-year increase of 9.1% means inflation continues to be at 40-year highs. That number cements expectations for a 75 basis point hike in interest rates later this month. And some analysts now speculate that the Federal Reserve will raise interest rates by 100 basis points when it meets later this month.
f investors didn’t have enough to worry about, they are also looking at the yield curve inversion. This confirms the economy is heading for, or already in, a recession. As you would expect, the market, went deep into the red on all this bad news.
However, as the trading day ended, the markets were well off session lows. The tech-heavy NASDAQ index in particular was showing some strength.
This is because many analysts believe the markets are already pricing in the hot CPI reading. And others believe that after months of head fakes, the economy may finally be seeing peak inflation. Investors will get more information when the June PPI data comes in tomorrow before the market opens.
Featured: Wall Street is keeping these stocks a Secret from You.. (Top Stock Tips Ltd) 
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Markets | | | 3M's revenues are expected to contract and the company has been caught up in a string of product liability lawsuits. However, bulls are taking the opportunity to buy 3M's shares as they see them as an undervalued opportunity. Read the Full Story |
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From Our PartnersMarkets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE.
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Markets | | | Asian stock markets rose Thursday after higher U.S. inflation stoked expectations of more rate hikes that investors worry will chill economic growth.
Shanghai, Tokyo, Hong Kong and Sydney advanced. Wall Street futures edged lower. Oil prices advanced.
Wall Street's benc... Read the Full Story |
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Markets | | | Data search and analytics platform Elastic (NYSE: ESTC) stock has taken a (-31%) drop on the year but is staging a strong comeback. Elastic is the leading database search engine that also enables observability and cybersecurity. It’s infrastructure platform enables users and developers to perf... Read the Full Story |
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From Our PartnersThis global leader in plant cell biology enters commercialization and has a pipeline of 6 major customers for its products. Q2 sales orders set a new high at 97% growth over Q2 2021. Leveraging their patented platform technology, this company is poised to bring the next generation of science-based therapeutics to the world. | | ADD THIS COMPANY TO YOUR WATCHLIST! |
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Markets | | | Global stocks and Wall Street futures sank Thursday after higher U.S. inflation stoked expectations of more rate hikes that investors worry will chill economic growth.
London and Frankfurt opened lower. Shanghai, Hong Kong and Seoul retreated, while Tokyo gained. Oil prices fell more ... Read the Full Story |
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Markets | | | Organic foods and grocery products distributor United Natural Foods (NASDAQ: UNFI) stock has been performing relatively stronger than the benchmark indices trading down (-19%) on the year. The Company provides organic and natural grocery products, vitamins, supplements, gourmet, ethnic, meat, deli, ... Read the Full Story |
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From Our PartnersTrue story. Florida man walks into a packed crypto conference…
Pulls out his phone…
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Politics | | | U.S. Treasury Secretary Janet Yellen has urged leaders of major economies to work more closely in countering the impact from Russia’s invasion of Ukraine.
Yellen and other top financial officials from the Group of 20 leading rich and developing nations are gathering on the Indonesian ... Read the Full Story |
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Politics | | | Military troops have moved to secure Sri Lanka's parliament building against a takeover by protesters infuriated by the country’s economic collapse and the embattled president’s failure to resign while fleeing the country Read the Full Story |
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Politics | | | Sri Lankans woke up to confusion on Thursday, still waiting for their embattled president to resign after he fled the country, as the island nation fumes over an economic meltdown that has sparked political chaos.
President Gotabaya Rajapaksa and his wife fled to the Maldives on Wedne... Read the Full Story |
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Stocks | | |
-Greenbrier’s net profit fell from $3.9 million to $15.9 million in the same quarter in 2021. EPS came in at $0.59.
-Revenue came in at $793 million vs. $450 million in the previous years.
-Cost of goods sold increased by 91% versus revenue, which was up 79%.
-Greenbrier’s stock is ... Read the Full Story |
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Markets | | |
Apple (NASDAQ: AAPL) is a technology company based out of Cupertino, California. It produces a range of hardware and software products, including the iPhone, etc. Apple’s stock has corrected over 20% from its 52-week high and now trades at a much cheaper valuation than in the recent past.&nb... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Worthington Enterprises, Inc. operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors. The Consumer Products segment provides products in the tools, outdoor living, and celebrations end markets. Its products include propane-filled cylinders for torches, camping stoves and other applications, LPG cylinders, handheld torches, helium-filled balloon kits, specialized hand tools and instruments, and drywall tools and accessories This segment sells its products primarily to mass merchandisers, retailers, and distributors under the Coleman, Bernzomatic, Balloon Time, Mag-Torch, General, Garden-Weasel, Pactool International, Hawkeye, Worthington Pro Grade, and Level5 brands. The Sustainable Energy Solutions segment sells onboard fueling systems and services, as well as gas containment solutions and services for storage, transport, and distribution of industrial gases. It includes high pressure and acetylene cylinders for life support systems and alternative fuel cylinders used to hold CNG and hydrogen for automobiles, buses, and light-duty trucks. The company was formerly known as Worthington Industries, Inc. Worthington Enterprises, Inc. was founded in 1955 and is headquartered in Columbus, Ohio. | | View Today's Stock Pick |
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