Good MorningEquity markets took a small tumble on Monday falling nearly 2.0% at the low of the day but the S&P 500 managed to claw back the loss by the end of the session. The move was sparked by a growing fear of recession that spilled over into the energy markets. The price of oil fell more than 10% on fear the demand for energy would plummet in the wake of economic contraction and caused a similar decline in oil stocks. Oil stocks led the selling on Wall Street and fell about 6% for the session despite the fact that supply and demand imbalances remain skewed in favor of higher prices.
The impact of high oil prices on consumer spending, profit margin, and corporate earnings will soon be known. The peak of the Q2 earnings reporting season begins next week and could reinvigorate bearish sentiment. The expectation is for margin to contract relative to last year and for earnings growth to be tepid. The risk for the market, however, lay in the guidance due to an expectation for economic improvement in the 2nd half. If the guidance points to ongoing issues the S&P 500 will most likely fall to a new low.
Featured: Wall Street Legend Warns: Financial Tsunami Headed Our Way (InvestorPlace) 
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It may seem like an ongoing question: to buy stocks from China or not? The No. 1 worry on your list of worries might be the going-down-the-tubes China-U.S. relationship, and Chinese firms risk delisting by the Securities and Exchange Commission (SEC). Should you risk investing in them anyway?... Read the Full Story |
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From Our PartnersMonths ago, Jeff Clark warned everyone: DO NOT buy Tesla, Apple, Bitcoin, or Amazon.
Since then, what’s happened? Apple is down -12%, Tesla is down -18%, Amazon is down -26% & Bitcoin is down -34%
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Stocks | | | With so many companies competing to reach the head of the class, choosing winning education stocks is a brain teaser. When it comes to good long-term growth prospects, these three names make the grade. Read the Full Story |
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Markets | | | Oh, the times, they are a-changing. Not only is the outlook for S&P 500 earnings growth diminishing but the analyst are becoming more defensive by the day. The latest round of commentaries contains no few downgrades and price target reductions but there are some rays of light for investors Read the Full Story |
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From Our PartnersA former advisor to the CIA and Pentagon believes this order could allow for legal government surveillance of all US citizens; total control over your bank accounts and purchases; and the ability to silence all dissenting voices for good. | | | | See what Biden signed in Executive Order 14067 |
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Politics | | | Global shares were mixed Wednesday as European benchmarks rose in early trading despite looming worries about a global recession that have pushed the euro to a 20-year low against the U.S. dollar.
Asian markets finished mostly lower. Oil prices recouped some lost ground.
... Read the Full Story |
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Politics | | | Foreign ministers from the world’s largest nations are looking to address Russia's war in Ukraine and its impact on global energy and food security when they meet in Indonesia this week. Yet instead of providing unity, the talks may well exacerbate existing divides over the Ukraine conflict.
... Read the Full Story |
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From Our PartnersGoldman Sachs believes that oil could fly past $200 a barrel, which would send the right oil stocks up 10x or even 20x. | | Buy This Oil Play to get ready.
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Politics | | | The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities and the oil cartel announced Wednesday. Only hours before his death, he'd met with Nigeria's president and spoken in defense of the energy industry amid increasing climate change pressure.
... Read the Full Story |
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Tech | | | For years, there's been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it's a good idea — it's also the law.
But some drones have recently gotten permission to soar out of their pilots' sight. They can now inspect high-voltage power l... Read the Full Story |
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Politics | | | European Commission chief Ursula von der Leyen says the 27-nation Europe Union needs to make emergency plans to prepare for a complete cut-off of Russian gas in the wake of the Kremlin’s war in Ukraine Read the Full Story |
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Markets | | | Women’s handbag and fashion accessories brand Vera Bradley (NYSE: VRA) stock has stumbled (-48%) on the year. Business was impacted by inflationary pressures, logistics costs and rising fuel prices causing revenues to come in light in its fiscal Q1 2023 earnings. The Company suffered a net los... Read the Full Story |
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Markets | | | Since the beginning of April, shares of McDonald's (NYSE: MCD) have managed to just about keep their head above water, while the benchmark S&P 500 index has shed close to 20% of its value. This comes against the backdrop of soaring inflation prints, a hawkish Federal Reserve and rising interest rates. Read the Full Story |
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Wednesday's Early Bird Stock Of The Day AT&T, Inc. is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally. The Latin America segment provides wireless services and equipment in Mexico. The company was founded in 1983 and is headquartered in Dallas, TX. | | View Today's Stock Pick |
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