Good MorningEquity markets held their ground on Wednesday following the surprise sell-off on Tuesday. The caveat is that Fed chief Jerome Powell's comments will have a rippling impact on the economy, so the sell-off is far from over. The odds of another 50 basis point interest rate hike have gone above 75% and may go higher should the upcoming inflation data be strong. The next round of CPI data is due next week and may confirm the acceleration of consumer-level inflation.
The next move for the S&P 500 will be a critical one. Now that the downward bias is increasing, the index's next stop is likely to be lower, and it could be much lower. Many Wall Street strategists have come out since Mr. Powell's comments and lowered their targets for the S&P 500. The number that rings loudest is 3,200, which puts the index at a new low. Featured: The A.I. Trend Has These 7 Stocks Set To Soar (Darwin) 
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Tech | | | After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress.
The Senate voted Wednesday to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making inve... Read the Full Story |
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From Our PartnersOne tech firm has developed a new solution to the ever-present threat of cyber attacks.
With a product that protects data at the file level, this firm is targeting an $18 billion market.
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Markets | | | When European Union chief Ursula von der Leyen visited Britain last week, some joked on social media: Can you please bring us some tomatoes? People in the U.K. have had to ration salad staples like tomatoes and cucumbers for the past two weeks amid a shortage of fresh vegetables. Shelves of fresh pr... Read the Full Story |
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Markets | | | Asian stock markets were mixed Thursday after signs of enduring upward pressure on American prices added to expectations of higher interest rates for longer.
Shanghai and Seoul advanced while Tokyo and Hong Kong declined. Oil prices edged higher.
Wall Street declined We... Read the Full Story |
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From Our PartnersDemand for critical minerals needed to power green energy is expected to soar up to 40 times. China controls up to 90% of the desperately-needed supply and could throw the U.S. back into the stone age if it bans exports. One company is in hot pursuit of domestic sources with potentially big discoveries on the horizon.
| | | | Get the full story on this new North American graphite opportunity |
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You are not alone in wondering who and what Vinco Ventures, Inc (NASDAQ: BBIG) is. This company is a small penny-stock brand, and the latest financial report was not awesome, although there is a significant opportunity in this stock. Regarding the results, the company reported an increase in asset... Read the Full Story |
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Zymeworks Inc. (NASDAQ: ZYME) stock is up almost 5% after beating analysts’ expectations for revenue and earnings in its March 7, 2023 earnings report. The clinical-stage biopharmaceutical company is working on discovering, developing and commercializing multifunctional biotherapeutics. &nbs... Read the Full Story |
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From Our PartnersMany of you are trying to ride out this inflation. Problem is: you CAN’T wait for inflation to pass… it’ll keep eating away at your nest egg unless you do something about it.
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Markets | | | Chinese leader Xi Jinping’s agenda for this month’s meeting of the ceremonial national legislature: Revive the economy by encouraging consumers to spend more now that severe anti-virus controls have ended Read the Full Story |
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Korn Ferry (NYSE: KFY) delivered its earnings report for the third quarter of its 2023 fiscal year on March 8, 2023. The company scored a double beat, and investors responded by pushing KFY stock up nearly 6%. But one item in the company’s earnings report may be predicting more turbulent tim... Read the Full Story |
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Markets | | | German Chancellor Olaf Scholz on Thursday called on China to refrain from sending weapons to Russia and instead use its influence to press Moscow for the withdrawal of Russian troops from Ukraine.“My message to Beijing is clear: use your influence in Moscow to press for the withdrawal of Russian tro... Read the Full Story |
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Cricut (NASDAQ: CRCT) is a story linked to the pandemic. Its IPO came a year after the pandemic began, and the first year of growth was driven by social distancing, stay-at-home-activity, and pandemic spending. We're talking about a craft and crafting company, so demand was spectacularly high. Onc... Read the Full Story |
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Both TikTok and META platforms (NASDAQ: META) are social networking platforms that let users make and post brief videos with their followers. Despite some of their commonalities, fierce competition to gain the most eyeballs has mutated into a battle that even the U.S. government had to enter.User ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services. The company also provides outpatient services at primary care practices, urgent care centers, free-standing emergency departments, ambulatory surgery centers, imaging and diagnostic centers, and direct-to-consumer virtual health visits. The company was incorporated in 1996 and is headquartered in Franklin, Tennessee. | | View Today's Stock Pick |
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