Good MorningEquities retreated on Thursday following a hotter-than-expected CPI report. The CPI report shows consumer-level inflation accelerating versus the previous month and the headline figure versus the prior year. The takeaway is that inflation and resilient labor markets will keep the FOMC from cutting rates as early as the market expects, which means higher-for-longer is still in effect. As it is, the market shouldn't expect the first interest rate cuts until mid-year or later, and there is a risk another rate hike is on the way. Without another substantial improvement in inflation, the FOMC may have no choice.
The S&P 500 fell nearly a full percent following the CPI and shows lingering resistance at recent highs. The market recovered the loss before the close but created a bearish signal with the movement. With no catalyst to move the market higher, the S&P 500 will likely enter a correction soon. The caveat is that earnings season starts today with releases from the big banks, and the news could help lift spirits. The banks benefit from higher interest rates and are expected to post solid results; if they say consumer habits are still healthy, the market could quickly move to a new all-time high by the end of the reporting period. Featured: Laser Breakthrough Could Send This Stock Soaring (Behind the Markets) 
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Shares of Bloom Energy Corporation (NYSE: BE) are up more than 17% in the last week. The immediate catalyst is a timely analyst rating from Morgan Stanley (NYSE: MS) that drew attention to potentially bullish expansion news for the company. This article will take a closer look at what th... Read the Full Story |
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Amazon.com Inc. (NASDAQ:AMZN) stock illustrates the point of how what goes up must come down. That’s true even when you have a customer base like Amazon.
The company’s stock surged during the pandemic because its two core businesses – e-commerce and cloud computing &ndash... Read the Full Story |
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Markets | | | There are three big overlooked trends in the stock market now, and by tapping each one, we can set ourselves up for some very nice long-term gains in my favorite high-yield vehicles: closed-end funds (CEFs).
The 11.8%-yielding CEF we’ll discuss further on, the BlackRock Innovation & Growth Trust... Read the Full Story |
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With the country bracing for a potential recession, it may be time for investors to crave The Hershey Company (NYSE: HSY). Over the last 15 years, two significant recessions have occurred: The Great Recession of late 2007 to 2009 and the Covid-19 recession. During this time, Hershey's stock h... Read the Full Story |
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Stocks | | | Global shares were mostly higher Thursday ahead of a closely watched report on U.S. inflation that is viewed as a good indicator of whether Wall Street’s recent rising optimism is warranted or overdone.
European benchmarks were headed upward in early trading. In Asia, shares started o... Read the Full Story |
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Stocks | | | Asian shares were mixed Thursday ahead of a closely watched report on U.S. inflation that is viewed as a good indicator of whether Wall Street’s recent rising optimism is warranted or overdone.
Japan's benchmark Nikkei 225 wobbled in early trading and was up less than 0.1% at 26,448.1... Read the Full Story |
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The sentiment in trucking stocks soured in 2022 due to lingering issues with costs, drivers and a downtick in pricing and demand that have put a cap on revenue and earnings growth targets. Sentiment in this group has shifted for the better, however. Many of the top stocks are forming bottoms and l... Read the Full Story |
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Politics | | | Booming oil and gas revenue has put Wyoming back among states with big budget surpluses but Republican Gov. Mark Gordon cautioned lawmakers Wednesday to save, not splurge, out of concern that tough times will eventually return.
"As a Wyoming rancher, I know the value of a good hay yea... Read the Full Story |
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It is not uncommon for biotech and pharmaceutical companies to work on a single product, focusing their attention and resources on medicine or treatment that is truly groundbreaking. And while some of these therapies may only treat a small population, they can still be profitable.
Both Catalyst P... Read the Full Story |
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Tech | | | Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, says its quarterly profit rose 78% over a year earlier but forecast weak demand this year Read the Full Story |
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Thursday's Early Bird Stock Of The Day Fusion Fuel Green PLC, together with its subsidiaries, manufactures and sells miniaturized PEM electrolyzers to produce green hydrogen in Portugal, Spain, and rest of southern Europe. The company offers HEVO-Chain, a centralized PEM electrolyzer; and HEVO-Solar, a grid-independent hydrogen generator. It also provides engineering and procurement services comprising advisory, concept and proposal developments; FEL I, II and III studies; construction and legalization services; and operation and maintenance services. In addition, the company is involved in hydrogen project development. It serves natural gas networks and grids, oil refineries, ammonia producers, regulators, and related government departments. Fusion Fuel Green PLC was founded in 2018 and is based in Dublin, Ireland. | | View Today's Stock Pick |
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