Good MorningEquity markets opened lower on Monday and then seesawed in uncertain action as traders and investors weighed the impact of the latest FOMC decision. The Fed hiked rates by only 25 basis points as expected but indicated a pressing need to fight inflation with higher rates. The takeaway is that the committee is not done raising interest rates, and the peak of rates could be well above what the market expects. The latest inflation data shows a peak in inflation, but there is yet to be a sign of sustained cooling the FOMC can count on.
This week will be tough for the market because it will be all about earnings. In this case, the news will mostly be bad as average S&P 500 companies are underperforming their EPS expectations and lowering the outlook for the rest of the year. In this scenario, the S&P 500 has a dead weight hanging around its neck. The most likely outcome is another sharp decline in index prices that may not cease until the bottom is in for the worsening earnings recession. Featured: This Is the No. 1 NASDAQ Stock to Hold (Darwin) 
|
Markets | | |
Like most investors, you invest in the stock market to get a decent return on your money. You may own dividend stocks to collect some income along the way and take advantage of the compounding effect. If you are a long-term-oriented investor holding a portfolio of equities in any stock sector or e... Read the Full Story |
|
From Our PartnersEven if the economy goes into a recession, this NASDAQ-listed company is going to continue to grow. If you plan to hold ANY stock and are looking for a solid addition to your portfolio, then you really need to see this one.
(**By clicking link you are subscribing to The Bullish Traders Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.)
| | Go HERE to Download the Full Report |
|
Markets | | |
The biotech industry has stood out in recent months, with Immunocore Holdings PLC (NASDAQ: IMCR) among the group’s top price performers.
The industry is home to some large-cap heavyweights, including Amgen Inc. (NASDAQ: AMGN), Gilead Sciences Inc. (NASDAQ: GILD), Regeneron Pharmaceuticals I... Read the Full Story |
|
Markets | | |
During this earnings season good news hasn’t been enough for some investors. That was the case with Merck & Co., Inc. (NYSE: MRK). Despite beating analysts’ expectations on the top and bottom lines, MRK stock is still down 2% two trading days after its earnings report.
The ... Read the Full Story |
|
From Our PartnersEven if the economy goes into a recession, this NASDAQ-listed company is going to continue to grow. If you plan to hold ANY stock and are looking for a solid addition to your portfolio, then you really need to see this one.
(**By clicking link you are subscribing to The Bullish Traders Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.)
| | Go HERE to Download the Full Report |
|
Markets | | | Global stock markets are mixed as traders look ahead to a speech by Federal Reserve Chair Jerome Powell for clues to interest rate plans after Japanese wages rose and Australia’s central bank hiked its key rate again Read the Full Story |
|
Markets | | | Asian stock markets were mixed Tuesday after Wall Street sank under pressure from interest rate worries, Japanese wages rose and Australia's central bank hiked its benchmark lending rate.
Shanghai, Hong Kong and Seoul advanced. Tokyo and Sydney declined. Oil prices rose.
... Read the Full Story |
|
From Our PartnersMilitary spending in response to global events is making defense stocks look especially attractive. Which presents a huge opportunity for investors like you. Check out these four stocks that could offer significant upside potential. | | | | Click Here to Get the Names of Our Top 4 Defense Stocks. |
|
Markets | | |
Although the Q4 results and outlook have Cummins (NYSE: CMI) shares moving lower in the wake of the release, the indications suggest the stock can move higher. Not only is the trend in the stock price still up, but that trend is supported by results and institutional activity and, to a lesser exte... Read the Full Story |
|
Markets | | | Lebanon’s battered commercial banks have closed their doors to customers in protest of a recent court ruling that forced one of the country’s largest banks to pay out two of its depositors their trapped savings in cash Read the Full Story |
|
Tech | | | Japanese investor SoftBank Group reported Tuesday that it sank into a deep loss for the October-December quarter, slammed by the global plunge in technology shares.
SoftBank Group Corp. racked up a 783 billion yen ($5.9 billion) loss for the fiscal third quarter, a reversal from the ... Read the Full Story |
|
Markets | | | Australia's central bank on Tuesday lifted its benchmark interest rate for a ninth consecutive time to 3.35% as it battles inflation that rose to 7.8% in the latest quarter.
The Reserve Bank of Australia’s decision to increase its cash rate by 0.25 of a basis point was widely anticipa... Read the Full Story |
|
Markets | | |
Energizer Holdings Inc (NYSE: ENR) share prices are down more than 8.0% in the wake of the Q1 earnings results and you might think this was the time to sell. The price action has the stock forming an ugly top in early 2023 that could cap gains for the year. The caveat, however, is that Q1 results ... Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day Peloton Interactive, Inc. operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York. | | View Today's Stock Pick |
|
