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The Rate-Hike Plan, Earnings to Watch, Facebook’s “Yahoo!” Moment and Big Battery Spending

0 | By Strategic Tech Investor Staff

Higher interest rates are hereafter the biggest hike in 20% years. And the truth is, more increases are likely on the horizon as the Fed tries to throw cold water on the hottest inflation in four decades. Volatility is the order of the day for the foreseeable future, so make sure you’re up to speed on the plan.

Earnings to Watch

As rough as these markets are, we may have some positive earnings to look forward to this week. Around 1,000 companies will report, but we’re concerned with a small handful: Coinbase Global Inc. (COIN) will announce tomorrow, May 10, and then Intel Corp. (INTC) follows up on May 12. Speaking of Intel (and chips), make sure you’ve taken a position here…

Strategic Tech Updates

Biden Announces $3.1 Billion Spending on Batteries

“Energy independence” has been a goal of every president since Richard Nixon, and it’s been met with varying degrees of success. Today, that independence means less reliance on foreign battery sources – a critical strategic objective, too. The current administration is pushing a blockbuster batter program that will boost EV stocks like these virtually across the board.

Meta Puts the Brakes on Hiring Throughout 2022

The company once known as Facebook, Meta Platforms Inc. (FB), has ceased adding headcount in specific engineering and other roles for the remainder of this year. The move is being spun by the company, but the way we see it, it’s not a great sign. Meta employees themselves are wondering whether or not the company is turning into another Yahoo! or other also-ran. Clearly, Facebook – Meta – isn’t the killer, trillion-dollar Metaverse play the market thinks it is. Michael has identified two stocks and one crypto that could be due for a 1,000% bull run in the coming years as this virtual world takes shape.

Cheers and good investing,

The Strategic Technology Investor Team

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