Good MorningEquity markets rebounded on Thursday after softer-than-expected PPI data took the sting out of Wednesday's CPI report. Because the PPI is a leading indicator of consumer prices, market participants believed the data points to decelerating inflation, keeping the FOMC on track to cut rates this year. The caveat is that the CPI was largely driven by gas and energy prices, which are up significantly from recent lows and $10 or 13% above 2023's average price. With this situation underpinning the economy, inflation should be expected to persist for the foreseeable future.
Next week's focus will be on earnings. The banks usher in the CQ1 earnings reporting season today, which is expected to show earnings growth accelerate from the prior quarter. The risk is that results, guidance, or both will be less than anticipated, undercutting the outlook for full-year results. Inflation and interest rates aside, a deteriorating outlook for earnings is a powerful headwind for the S&P 500 that it may be unable to overcome. Add in the growing possibility that there will be no interest rate cuts this summer, and the odds of a major S&P 500 correction before or over the summer grow to a near certainty. Featured: A.I. Pioneer Issues Urgent Warning to Americans (TradeSmith) 
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Markets | | | Dividend Aristocrat Fastenal (NASDAQ: FAST) fell about 5% after its Q1 release and may fall further. Not because the business is flagging but because the valuation has run up to unsustainable levels. This stock rose nearly 100% over the last two years, recently peaking at an all-time high, and cor... Read the Full Story >> |
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Markets | | | European shares opened higher on Friday after most Asian markets retreated despite a tech-fueled rebound on Wall Street the day before.Oil prices were higher. The future for the S&P 500 slipped 0.1% while that for Dow Jones Industrial Average edged 0.1% higher. Germany's DAX advanced 1% to 18,14... Read the Full Story >> |
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Markets | | | Constellation Brands Inc. (NYSE: STZ) stock is up 2.4% in early trading after the adult beverages company reported a double beat in its fourth quarter 2023 earnings report. Revenue of $2.14 billion topped estimates for $2.10 billion. But it was the earnings per share (EPS) that got the most attent... Read the Full Story >> |
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Stocks | | | Furniture stocks The Lovesac Company (NASDAQ: LOVE) and Hooker Furnishings (NASDAQ: HOFT) are lower following their Q4 reports opening a buy-the-dip opportunity. Near-term headwinds hamper these stocks, but they are rapidly improving their operational quality and building leverage for a rebound ex... Read the Full Story >> |
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Markets | | | The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business and consumers. The bank left... Read the Full Story >> |
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Markets | | | When you're bullish on a stock and expect it to move higher, your initial impulse may be to play the stock options and buy a long call contract. There's nothing wrong with that if you believe a rapid price spike will happen in a relatively short period of time. Remember that Theta (time decay) wor... Read the Full Story >> |
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Markets | | | CarMax, Inc. (NYSE: KMX) shares are down a solid 10% following a weak Q4 earrings report and a revision in the long-term guidance. The company didn't lower its sales targets. Still, it extended the time frame to reach it, citing uncertain conditions, the impact of higher prices and interest rates,... Read the Full Story >> |
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Markets | | | China's exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country's recovery from the pandemic. Customs data released Friday show exports declined 7.5% in March from a year earlier, while imports slipped 1.9%. Both figures fell short... Read the Full Story >> |
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Markets | | | Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season.Lower rates give home shoppers more financial breathing room, so holding out for a more attractive rate can make a big difference, especially for... Read the Full Story >> |
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Markets | | | Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year: How has the U.S. economy managed to prosper, adding hundreds of thousands of jobs, month after month, at a time when the Federal Reserve has aggressively raised interest rates — normally a recipe for a recession Read the Full Story >> |
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Friday's Early Bird Stock Of The Day KKR & Co. Inc. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, informatio... | Should I Buy KKR & Co. Inc. Stock? KKR Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of KKR & Co. Inc. was last updated on Wednesday, April 10, 2024 at 12:48 AM. Pros- KKR & Co. Inc. specializes in various types of investments including acquisitions, leveraged buyouts, and growth equity, providing a diversified investment portfolio.
- George R. Roberts, the Co-Executive Chairman, has over four decades of experience in financing, analyzing, and investing in public and private companies, bringing valuable expertise to the firm.
- KKR has a strong track record of successful investments and managing portfolio companies, indicating a history of generating returns for investors.
- The firm's involvement in different sectors and markets allows for exposure to a wide range of opportunities, potentially leading to higher returns.
- Recent developments show positive institutional ownership and ratings for KKR & Co. Inc., reflecting confidence from institutional investors.
Cons- Investing in private equity and real estate firms like KKR & Co. Inc. involves higher risks compared to traditional investments due to the nature of the investments and market volatility.
- The firm's performance may be impacted by economic downturns or market fluctuations, affecting the value of investments and potential returns.
- KKR's focus on leveraged buyouts and special situations investments can be sensitive to changes in interest rates and credit conditions, posing risks to investment performance.
- Investors should carefully consider the current stock price of KKR & Co. Inc. and evaluate whether it aligns with their investment goals and risk tolerance.
- Regulatory changes or legal issues in the private equity industry could impact KKR's operations and financial performance, affecting investor returns.
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