Good MorningEquities tread water for a 2nd day as traders brace for what could be a monumental PCE report. The report is expected to show moderating albeit hot inflation and give the FOMC a chance to pause and take pressure off the economy. The risk is that consumer-level inflation will be hotter than expected or accelerate in the coming months. For the FOMC, whose task is to tamp down inflation, being "certain" may be more important than giving the market what it wants.
A rise in the ten-year treasury suggests that some in the market expect a hot PCE figure, which may be wise. If not for the SVB crisis, the market would still expect such news and a 50 basis point hike from the FOMC. The only thing that has changed is a bank failure that has little to do with inflation. The real takeaway is that businesses are tightening across sectors and industries, which will be felt and seen in the 2nd half results. Featured: Is it possible to have a crash proof portfolio? (Masterworks) 
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Marketbeat’s stock screening tools are a great place to find interesting stock plays, including the screen for Most Downgrades Stocks. Stocks with downgrades can signal many things, and one of them is when to buy. That’s right. A high-flying stock or stock with high-flying expectations... Read the Full Story |
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Volatility has been on full display for the last couple of weeks. Concerns about the global banking system, interest rates and mixed economic data are keeping investors on the edge of their seats.
Daily fluctuations in the closely watched CBOE Market Volatility Index (VIX) have been unusual... Read the Full Story |
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Stocks | | | Asian shares were mixed Thursday following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks eased further. Forceful actions by regulators have helped to calm markets as investors have turned their focus to how central banks might adjust their in... Read the Full Story |
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Markets | | | Asian stocks rose Wednesday as anxiety about the global financial system began to fade following three high-profile bank failures.Tokyo, Hong Kong and Sydney advanced. Shanghai followed Wall Street lower. Oil prices gained.Fears global banks might be cracking under the strain of interest rate hikes ... Read the Full Story |
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Markets | | | Global networking solutions provider Ciena Corporation (NYSE: CIEN) stock has struggled to breakout of a weekly ascending triangle pattern despite its blowout Q1 2023 earnings report. Ciena is a network infrastructure company benefiting from the secular tailwinds of growing demand for higher-speed a... Read the Full Story |
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From Our PartnersIt's not a stock, bond or private company... But this little-known alternative investment could hand you BIG MONTHLY INCOME from the oil and gas surge in 2023. | | | | CLICK HERE TO FIND OUT WHAT IT IS. |
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Shares of The Lovesac Company (NASDAQ: LOVE) are up more than 15% following a solid report and may go even higher. This company benefits from sustained strength in the furniture industry, but there is more to the story. The Lovesac Company is a unique offering in a rarely-disrupted space, and it i... Read the Full Story |
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Markets | | | UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it executes a government-orchestrated plan to take over struggling rival Credit Suisse.Ermotti, who was the bank's top executive for nine years and led a turnaround following the 2008 global financial cris... Read the Full Story |
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Markets | | | Vietnam's economy slowed sharply in the first quarter of this year, with growth coming in at a much weaker than expected 3.3%, as its exporters were hit by rising costs and weaker demand, the General Statistics Office reported Wednesday. The slowdown in the January-March quarter from 5.9% year-on-ye... Read the Full Story |
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Stocks | | | Depositors have accelerated withdrawals amid recent bank failures and sharply rising interest rates, raising concerns about the industry's health and ability to withstand a crisis, experts says. Bank deposits fell by nearly $720 billion between the second and fourth quarters of 2022, leaving banks' ... Read the Full Story |
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Cintas Corp. (NASDAQ: CTAS) and others in the employer services industry are riding a wave of business that has yet to end. The pandemic caused a consolidation within the industry that led to increased client counts early on and increased penetration per client, resulting in a trend of revenu... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company offers consumer loans products, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it offers letters of credit, cash management services, and traditional deposit products; and wealth management services, including investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns trust preferred securities; and sells various life insurance products. It provides its products and services through financial center offices, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania. | | View Today's Stock Pick |
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