Good MorningEquity markets tread water on Monday as investors weighed a fresh round of earnings reports and prepared for another inflation report. On the earnings front, reports continue to come in better than expected, but instead of pointing to a solid rebound in the 2nd half inflationary pressures persist and volume declines are taking a toll on the outlook. If this trend continues, it is likely the S&P 500 will move lower by the end of the reporting session but it is still early in the cycle.
The PCE price index is due out on Friday. This is the last read on inflation before the next FOMC meeting and will set the tone for the upcoming decision. If inflation shows cooling the FOMC may be able to hike once more and then pause to wait and see what happens. If not, the Fed may be forced to hike more than expected and there us still the oil price to consider. The price of oil is expected to move higher due to OPEC's production cuts and that may reinvigorate inflation. Featured: Seven AI Stocks to Watch in 2023 (Darwin) 
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Legend Biotech Corporation (NASDAQ: LEGN) is among the many healthcare names vying for a breakthrough in cancer treatment. Last week, the New Jersey-based company had just that.
On April 19th, a data leak revealed that Legend Biotech’s Carvykti, a blood cancer therapy, performed extremely w... Read the Full Story |
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From Our PartnersAs you know, the stock market has been volatile lately, and there's a lot of uncertainty in the air. But we want to assure you that this is not the time to panic. In fact, it's the time to be buying stocks.
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Most chip stocks are up off their lows and have trended higher, like NVIDIA Corporation (NASDAQ: NVDA) and On Semiconductor Corporation (NASDAQ: ON). The first quarter season should be solid amid a market downturn, but the guidance may not be enough to keep the market moving higher. A new report f... Read the Full Story |
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Markets | | | Major central banks are standing down from their offer of daily emergency dollar loans to banks, a crisis step launched after the collapse of Silicon Valley Bank in the U.S. fed fears about the stability of the global financial system Read the Full Story |
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Markets | | | Swiss banking giant UBS said Tuesday that it took in $28 billion in new money from wealthy clients in the first three months of the year, with $7 billion of that coming in the 10 days after the announcement it was taking over ailing rival Credit Suisse.Zurich-based UBS, which is set to become Switze... Read the Full Story |
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Quantum computing is starting to make more headlines with the mainstream penetration of artificial intelligence (AI) applications using ChatGPT. Quantum computing is a revolutionary milestone in computing that applies the principles of quantum mechanics, which studies the behavior of energy and ma... Read the Full Story |
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Markets | | | Kelly Curto is taking her first trip outside the U.S., and the die-hard fan of the British royal family is making it the one at the top of her bucket list — heading to London for King Charles III's coronation.After arriving on May 5, the 44-year-old school bus driver from Long Island and a friend wi... Read the Full Story |
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Markets | | | Depositors at First Republic Bank pulled more than $100 billion out of the bank during last month's crisis, as fears swirled that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank. San Francisco-based First Republic said Monday that it was only able to s... Read the Full Story |
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Stocks | | | Moving your savings around by opening a new account and closing an old one can seem like a hassle. But it’s a use of time that can pay off.After years of paying low rates for savers, banks are finally offering better interest on deposits. Though the increases may seem small, compounding interest add... Read the Full Story |
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The med-tech companies have gotten a lot of attention lately, and Medtronic (NYSE: MDT) is included. The rebound in procedures and healthcare services following the pandemic drives a rebound in the industry amplified by innovation. In the case of Medtronic, it just received approval for an insulin... Read the Full Story |
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3D video game and metaverse community platform Roblox Co. (NYSE: RBLX) shares plummeted 12% on April 17, upon the release of its March 2023 user metrics report. The report also caused Unity Software Inc. (NYSE: U) shares to sink. The company has struggled monetizing its daily active users (DAUs) d... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Procter & Gamble Co. engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances. The Health Care segment includes oral care products like toothbrushes, toothpaste, and personal health care such as gastrointestinal, rapid diagnostics, respiratory, and vitamins, minerals, and supplements. The Fabric and Home care segment consists of fabric enhancers, laundry additives and detergents, and air, dish, and surface care. The Baby, Feminine and Family Care segment sells baby wipes, diapers, and pants, adult incontinence, feminine care, paper towels, tissues, and toilet paper. The company was founded by William Procter and James Gamble in 1837 and is headquartered in Cincinnati, OH. | | View Today's Stock Pick |
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