The Early Bird Newsletter

April 11, 2024
by RJ Hamster

GOOD MORNING

Equity markets fell on Wednesday after a hotter-than-expected CPI report affirmed the growing fear there would be no interest rate cuts this summer. The CPI accelerated at the headline level and was flat at the core, hotter than forecast on all counts, indicating the Fed’s work is far from over. Because the labor market data remains resilient and economic conditions healthy, the FOMC will unlikely cut rates until inflation is tamed, which could be a long way off. The cost of gasoline was a leading cause of inflation, and gasoline, along with diesel and other fuels, has a compounding influence on prices throughout the economic system.

The S&P 500 fell more than 1.3% at the session’s low to set a two-week low. This is the longest and deepest pullback in the S&P 500 index, and the decline may not be over. Because the inflation outlook is heating up and the outlook for rate cuts is cooling down, the forecast for S&P 500 earnings growth in the second half is garbage. In this scenario, a reduction in the consensus forecast could undercut market action and lead the S&P 500 to a significant sell-off.

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MARKETS

3 High-Yield Stocks In Rebound Mode: How High Can They Go?

General Mills (NYSE: GIS), WK Kellogg (NYSE: KLG) and Conagra (NYSE: CAG) are among the stocks with the lowest ratings tracked by Marketbeat. Their analysts are more pessimistic than most other stocks the platform tracks, yet they are rebounding because their industry and businesses are on tr…

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MARKETS

Blackstone’s $10 Billion Bet on Property Prices Going Up

The United States housing market has struggled the past 12 months, as the real estate sector severely underperformed the broader S&P 500 during this period. Some investors, particularly those focused on momentum plays, may stick to technology stocks. However, for those who prefer to take a valu…

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MARKETS

NVIDIA Enters Correction: Worry or Opportunity?

NVIDIA Corp. (NASDAQ: NVDA) has consistently showcased its prowess as a leader in innovation and growth, particularly in the semiconductor sector and the development of artificial intelligence (AI). After an impressive start to the year, marked by a substantial 75% YTD surge, NVIDIA has recently ex…

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FROM OUR PARTNERS

Investor Report: Essential Elements Powering the Tech Revolution

Semiconductor chips are in everything from your smartphone, car, to the very satellites that keep us connected…and they cannot be manufactured without Rare Earth elements (REEs). The writing is on the wall, no Rare Earth elements = no semiconductor chips = no AI and other advanced technologies.

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MARKETS

When are those rate cuts coming, already? The European Central Bank may be providing some hints

The European Central Bank will likely use its Thursday meeting as a prelude to a first interest rate cut in June as the rich world’s central banks, including the ECB and the U.S. Federal Reserve, assess how soon receding inflation will let them loosen credit for businesses and consumers.It’s a step …

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MARKETS

Taylor Morrison: A Home Building Stock You Can Buy at a Discount

The U.S. housing market is just getting over the hump of a recent scare. According to data from the Intercontinental Exchange Inc., most homeowners currently hold mortgages at rates of around 3.2%, and only a few are willing to let go of this generational low financing rate. On the buyer side, few …

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Biden to Launch “FedNOW” [Move Your Money Now]

Earlier this year President Biden signed the death warrant for America…

Executive Order 14067 will essentially cancel your money.

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STOCKS

Stock market today: World stocks mostly lower after hot US inflation data foils rate cut hopes

Shares in Europe and Asia were mostly lower on Thursday after U.S. stocks fell following another release of hotter than expected inflation data.Germany’s DAX fell 0.4% to 18,022.81 and the CAC 40 in Paris was unchanged at 8,046.18. In London, the FTSE 100 gave up 0.2% to 7,948.35. The futures for th…

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MARKETS

PriceSmart Could Be the Smartest Buy of the Year

PriceSmart’s (NASDAQ: PSMT) shares soared on the Q2 results and outlook but did not hold the gains. As ominous as the candle is, the pullback is an attractive entry point that may be among the smartest buys of the year. Nothing in the report signals weakness or diminishing value, and extenuating cir…

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MARKETS

Switzerland lays out new ‘too big to fail’ rules in wake of Credit Suisse banking turmoil last year

The Swiss government Wednesday announced steps to bolster its “too big to fail” rules aimed at avoiding potentially disastrous fallout from banking sector turmoil after woes last year at Credit Suisse before it was taken over by rival UBS. Finance Minister Karin Keller-Sutter told reporters that the…

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MARKETS

Macy’s names 2 independent directors as part of agreement with activist investor

Macy’s said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain

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MARKETS

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer-vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing off a jetliner midflight flight to a tire falling …

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THURSDAY’S EARLY BIRD STOCK OF THE DAY

A Stock With Recent Earnings Beat:Avinger (NASDAQ:AVGR)

Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral artery disease (PAD) in the United States and internationally. It develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures. The company’s lumivascu…

VIEW TODAY’S STOCK PICK

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RJ Hamster

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The Early Bird Newsletter

GOOD MORNING

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FROM OUR PARTNERS

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FROM OUR PARTNERS

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FROM OUR PARTNERS

STOCKS

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THURSDAY’S EARLY BIRD STOCK OF THE DAY

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