Good MorningThe equity market sold off hard last week on mounting fear of the FOMC. Not only did the Fed raise rates by the expected 75 basis points, but it indicated a minimum of 160 basis points more were coming. The news sent the yield on the ten-year treasure through the roof and the S&P 500 desperately seeking support. The index shed more than 5% for the week, putting it deeper into the bear market territory and on the verge of another 20% decline.
The next hurdle for the market will come on Friday with the PCE price index. The index is expected to moderate on a month-to-month basis but still come in hot versus last year. The risk is that consumer-level inflation will come in hotter than expected or worse, accelerate again, and raise the stakes in regard to the Fed, interest rate hikes, and the odds of a recession. Featured: How Much Longer Will It Be Under $1? (Investing Daily) 
|
Stocks | | | In a familiar story, midcaps Targa Resources (NYSE: TRGP), Carlisle Companies (NYSE: CSL) and Steel Dynamics (NASDAQ: STLD), the largest components of the S&P 400 mid-cap index, all gapped down Friday along with the broader market.
Mid-caps are traditionally classified as those with market capi... Read the Full Story |
|
|
Stocks | | | Cloud monitoring specialist Datadog (NASDAQ: DDOG) has been the subject of analyst enthusiasm recently - at least for the most part, according to data compiled by MarketBeat.
On Friday, Credit Suisse initiated coverage with an “outperform” rating. Earlier in the week, Moffet... Read the Full Story |
|
Markets | | | Construction and heavy machinery maker Caterpillar (NYSE: CAT) stock has been weathering the bear market down (-17%) on the year. Despite the slowing demand in China, supply chain disruptions, inflationary pressure, and slowdown in the housing market, the Company is still bullish on strength in the ... Read the Full Story |
|
From Our PartnersInstead of trying to gamble on stocks that could go up, pick stocks that are already on their way. The trick is finding those stocks that have moved up… but still have room to grow. We think this small cap stock fits the bill, and it's just getting started.
(**By clicking link you are subscribing to The Investing Council Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | | Go HERE to learn the #1 Alternative Energy Stock |
|
Markets | | |
On Thursday, we’ll learn if NIKE, Inc. (NYSE: NKE) got off on the right foot in its new fiscal year. The sneaker king reports first-quarter earnings after the close.
Let’s just say it will be a low hurdle to jump. The good news is that the worst is probably over for the company.
... Read the Full Story |
|
Markets | | | Europe's largest economy is sending recession signals.
Germany's key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs ... Read the Full Story |
|
From Our PartnersThe Electric Vehicle boom is here. We could see over 300 million EVs on the road by the end of the next decade. And individual investors – just like you – are cashing-in. The Smart Money is going straight to the source by investing in under-the-radar lithium mining stocks like this one: Developing one of the only lithium projects on US soil and currently trading below US$0.30 per share. | | More details here...
|
|
Politics | | | Banks in crisis-hit Lebanon partially reopened Monday following a weeklong closure amid a wave of heists in which assailants stormed at least seven bank branches earlier this month, demanding to withdraw their trapped savings.
The Association of Banks in Lebanon said last Monday it wa... Read the Full Story |
|
Markets | | | Global shares were mixed Monday while the British pound declined to an all-time low against the U.S. dollar on concerns over planned tax cuts.
France's CAC 40 rose 0.2% in early trading to 5,795.88, while Germany's DAX added 0.2% to 12,311.57. Britain's FTSE 100 edged 0.1% higher to ... Read the Full Story |
|
Politics | | | The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged further tax cuts, fueling concerns about the government’s economic policy.
The pound fell as low as $1.0373, before rallying to $1.0672 in early London trading. It w... Read the Full Story |
|
Politics | | | The British pound has resumed a slide against the U.S. dollar that picked up pace last week after the U.K.’s new government outlined plans to cut taxes and boost spending.
The pound dipped as low as $1.0349 per U.S. dollar early Monday but then rebounded to $1.0671, down 2.3%.
... Read the Full Story |
|
Markets | | |
Interactive entertainment restaurant operator Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) is proving that its possible to mitigate both inflationary pressures and weakening consumer spending. They completed the $835 million acquisition of Dallas-based food and games chain Main Event Ent... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland. | | View Today's Stock Pick |
|
