Good MorningEquity markets cheered on Thursday when the PPI report was softer than expected. The report renewed hope that peak inflation was past and the FOMC would soon reach the peak of interest rates. The risk for the market is that easing fear may lead to an economic acceleration and an acceleration of inflation. In that scenario, the Fed will resume interest rate hikes before the end of the year.
Today's will be all about earnings. The peak of Q1 reporting begins today with reports from most of the big banks and a few other critical names. By the end of the day, the market will have a grasp on what to expect from the rest of the season and the takeaways may not be bullish. The S&P 500 is at a critical level, near 4,150; if it can't move higher tomorrow, the odds are high the index will remain range bound through the end of the season. Featured: Stocks are for suckers – try this instead (Legacy Research) 
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Stocks | | | Stocks on Wall Street dipped Friday as worries about interest rates overshadowed an encouraging start to earnings reporting season for big U.S. companies. The S&P 500 fell 8.58 points, or 0.2%, to 4,137.64 after giving up an early gain. The Dow Jones Industrial Average lost 143.22, or 0.4%, to 3... Read the Full Story |
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The Apparel industry has seen dire developments throughout the COVID-19 pandemic, and some operators within it have yet to come back to business activity levels reflecting those pre-pandemic. "Business is still slow overall. Customers have not yet picked up orders at pre-pandemic levels." this is ... Read the Full Story |
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Delta Airlines (NYSE: DAL) shares are down following the Q1 results, but this is an opportunity for investors. While earnings fell short in the quarter, revenue growth was robust, free cash flow hit record levels, debt was reduced, and the guidance calls for more of the same. There are certainly r... Read the Full Story |
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Global Payments, Inc. (NYSE: GPN) shares are moving after Goldman Sachs upgraded the fintech firm’s rating from Neutral to BUY. Goldman analyst Will Nance also assigned a $127 price target, noting that the recent selloff has presented a new buying opportunity. Consequentially, GPN is no... Read the Full Story |
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Markets | | | Delta Air Lines reported a $363 million loss for the first quarter on Thursday, with higher spending on labor and fuel overshadowing a sharp rise in revenue.But the airline predicted it will make a bigger-than-expected profit in the current second quarter, which includes the start of the key summer ... Read the Full Story |
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Markets | | | The incoming president of the World Bank was born in India and forged his early business success there, a fact supporters say gives Ajay Banga valuable insight into the challenges faced by the developing countries the bank is supposed to help.But not everyone is sure that Banga, who has spent most o... Read the Full Story |
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Shares of Novo Nordisk A/S (NYSE: NVO) are up over 3.6% on April 12. The immediate catalyst is the announcement of a $2.6 billion collaboration with Aspect Biosystems. But for investors who have been watching the stock, this is just the continuation of a larger trend for the Danish pharmaceutical ... Read the Full Story |
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Tech | | | U.S. applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation Read the Full Story |
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Markets | | | U.S. wholesale prices fell in March, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates.Plunging energy prices pulled the government's producer price index down 0.5% from February to March; it had been unc... Read the Full Story |
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Fastenal’s (NASDAQ: FAST) Q1 report is lackluster, but investors should take the report's details to heart. The company made several mentions of the supply chain that included words like stable, stabilizing and stability which we have not heard in quite some time. What this means for the com... Read the Full Story |
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Friday's Early Bird Stock Of The Day PLBY Group, Inc. operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance. It also owns and operates digital commerce retail platforms, such as playboy.com, honeybirdette.com, yandy.com, and loversstores.com; and Honey Birdette and Lovers retail stores. In addition, the company licenses Playboy name, Rabbit Head Design, and other trademarks and related properties; and programming content to cable television operators and direct-to-home satellite television operators. Further, the company business covers the subscription sale of playboyplus.com and playboy.tv, which are online content platforms. It offers its products under its flagship brand Playboy. PLBY Group, Inc. is headquartered in Los Angeles, California. | | View Today's Stock Pick |
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