Good MorningThe bulls came charging out of the gate on Monday and pushed the S&P 500 up more than 1.20% at the high of the day. The move may mean the market has priced in the impacts of rising inflation but there are still risks to the market. The nearest hurdle will come this Friday with the release of Personal Income and Spending data is released.
Within the report is the Feds preferred measure of inflation and it is likely to be hot. Based on the April read of CPI investors should expect core consumer inflation to be up nearly 1.0% from the previous month. A hotter than expected figure could result in another major market sell-off. If the market confirms resistance at the recent all-time high there will be a danger of a near-term reversal in price action.
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Technology | | After a 50% fall from grace, shares of Splunk (NASDAQ: SPLK) are starting to look like they’re ready to stop falling and turn to the upside. They certainly know how to keep investors and Wall Street alike on their toes. The cloud analytics company ripped higher with the rest of tech during the... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Like many of last year's SPAC successes, Lordstown Motors (NASDAQ:RIDE) sprinted out of the gates after it made its public market debut. Within less than two months, early investors had a triple on their hands.
Much has changed since then. The maker of light-duty electric trucks has faced critici... Read the Full Story |
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Markets | | If you are looking to invest in a rapidly-growing industry that perfectly combines technology and entertainment, look no further than video games. Strong demand during the pandemic helped video game companies achieve new levels of success, and all signs point towards continued growth for these busin... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
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Markets | |
Whether you've managed to save $5,000 on your own or somehow ended up with $5,000 from an overly generous aunt, you can invest your money in a plethora of good (and bad) ventures. Consider investing your $5,000 in your 401(k) or 403(b), through index funds or in a 529 for college.
Let's go into... Read the Full Story |
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Consumer Staples | | Beauty products and fragrance maker Coty, Inc. (NYSE: COTY) stock was having a strong 2021 until its fiscal Q3 2021 earnings reaction collapsed shares move than (-20%) off its $10.49 yearly highs. The world’s leading fragrance maker with high-end prestigious brands including Gucci, Hugo Boss, ... Read the Full Story |
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Markets | |
By the slimmest of margins, the Nasdaq Composite index snapped a four-week losing streak last week. The 0.3% weekly advance was far from earth-shattering but could mark an inflection point for a market that has struggled to build off last year's extraordinary gains.
Within the Nasdaq several name... Read the Full Story |
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Communication Services | | Communications and media giant AT&T, Inc. (NYSE: T) stock is consistently underperformed benchmark indices and peers due to it’s addictive acquisition and debt generation habits. In a move that stunned and disappointed markets, the Company decided to offload its WarnerMedia division into a... Read the Full Story |
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Consumer Discretionary | | After sliding close to 20% from an all-time high that ended up forming a dangerous-looking double top, shares of fast-food name Chipotle (NYSE: CMG) look to have put in a low. It remains to be seen whether it’s a low of the temporary or permanent variety, but there are several reasons to think... Read the Full Story |
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Energy | |
Oil and gas royalty trusts PermRock (NYSE: PRT) and Texas Pacific Land Corp. (NYSE: TPL) have been on a tear, advancing 52.24% and 39.11%, respectively, over the past three months.
Those are impressive performances, but does it mean you should buy these stocks, or any other oil and gas royalty t... Read the Full Story |
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Markets | |
Have you always been insatiably curious about your credit score? I am. In my mind, my credit score is kind of like a report card, like a race toward personal best. (Hey, it's the best those of us with zero athletic talent can do.)
Despite widespread media reports of Americans' debt challenges, mo... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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