Good MorningEquity markets pulled back on Tuesday after posting a small gain in the preceding session. The move was driven by concerns sparked by the spike in oil prices caused by OPEC. The rise in oil prices should bring another round of windfall profits to the oil industry and inflation. When inflation reaccelerates, the FOMC can be counted on to increase interest rates to match, which might break the economy.
Labor data will be a driving force in the markets this week. The JOLTs report showed a surprise fall in job openings that may be echoed by weakness in the ADP and NFP reports. The key metric, however, may be the wage gains running in the high single-digit range. Featured: Stocks are for suckers – try this instead (Legacy Research) 
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While the broad oil-and-gas industry continues to rally, Targa Resources Corp. (NYSE: TRGP), Chesapeake Energy Corp. (NASDAQ: CHK), and EQT Corp. (NYSE: EQT) are standouts when it comes to institutional buying. All three recently increased their dividends, giving investors some extra incentive on ... 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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Sure, there are exceptions (looking at you, meme stocks), but in general, earnings growth, or at least its potential, is a key driver sending stocks higher. Axon Enterprise Inc. (NASDAQ: AXON), Gold Fields Ltd. (NYSE: GFI) and Ceridian HCM Holding, Inc.(NYSE: CDAY) have shown price growth in recen... Read the Full Story |
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The Organization of the Petroleum Exporting Countries (OPEC) set the oil market on fire by announcing a production cut of 1 million barrels per day beginning in May. Although many experts weren’t surprised that a cut occurred, the size of the cut was unexpected.
Taking one millio... Read the Full Story |
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From Our PartnersDid you know... low-priced, or "penny," stocks offer a great way to make money regardless of the direction of the markets as a whole. And these top 4 penny stocks are poised to soar... The best part is... they are trading for $5 a share or less. | | | | Click Here for the Names & Ticker Symbol. |
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Stocks | | | Homebuilder stocks are on a tear as investors bet that a dearth of previously occupied homes on the market and moderating mortgage rates will boost builders' prospects in the spring homebuying season. KB Home, PulteGroup and Tri Pointe Homes are among more than a dozen U.S. homebuilders whose stock ... Read the Full Story |
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Markets | | | The UBS chairman voiced confidence Wednesday that the Swiss bank will succeed in a government-engineered takeover of hobbled rival Credit Suisse, pledging the deal will reduce costs, benefit shareholders and buttress Swiss finance despite “huge” risks in knitting the global lenders together.Speaking... Read the Full Story |
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Markets | | | Asian shares were trading mixed Wednesday following a decline on Wall Street after reports on the U.S. economy came in weaker than expected. Japan's benchmark Nikkei 225 lost 1.7% in afternoon trading to 27,808.75. Australia's S&P/ASX 200 stood little changed, inching down less than 0.1% to 7,23... Read the Full Story |
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Markets | | | New Zealand's central bank surprised economists on Wednesday by imposing an aggressive half-point rate rise to bring its benchmark interest rate to 5.25%.It was the Reserve Bank of New Zealand's 11th straight rate hike as it tries to cool inflation, which is running at 7.2%, far above the bank's tar... Read the Full Story |
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Markets | | | JPMorgan CEO Jamie Dimon said the U.S. and the banking industry should amend regulations following the collapse of Silicon Valley Bank and Signature Bank last month, saying that the financial system needs to be adjusted so that one bank's failure does not “cause undue panic and financial harm.”The c... Read the Full Story |
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The interest in artificial intelligence (AI) is flourishing almost to the point of mania in the stock market. Having AI in your company's name can make speculators dive in head first, as evidenced by the recent 52-week highs hit by C3.ai Inc. (NYSE: AI). AI has many versatile use cases, and ChatGP... Read the Full Story |
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The rideshare war is over, and rideshare network operator Lyft Inc. (NASDAQ: LYFT) has fallen to a distant number two in this duopoly. While critics slammed Uber Technologies Inc. (NYSE: UBER) for its food delivery business and international expansion, Lyft maintained that it w... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Glacier Bancorp, Inc. operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services. It also provides non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings, money market deposits, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. In addition, the company offers construction and permanent loans on residential real estate; consumer land or lot loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. Further, it provides commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Glacier Bancorp, Inc. was founded in 1955 and is headquartered in Kalispell, Montana. | | View Today's Stock Pick |
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