Good MorningEquity markets pulled back on Wednesday following the Fed's policy decision. The Fed held rates unchanged and made no policy changes but shocked the market with a seemingly abrupt change of sentiment. The committee acknowledged the rising pace of inflation by upping its 2021 inflation target by 100 basis points and indicating the possibility of a rate hike in 2022.
The selling was led by big tech, the NASDAQ Composite shed more than 1% at the low of the day. Thursday will be a big test for the market, if it cannot rebound from Wednesday’s sell-off a much deeper sell-off could be in store. The next big hurdle for the markets will be in 2 weeks with the release of the May PCE index reading. If consumer inflation doesn’t slow it will accelerate the timing of future rate hikes.
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Markets | |
It’s well established that asset allocation is an approach to qualified accounts. By investing in different asset classes, allocated proportionally to meet your financial goals, time horizon and risk tolerance, you can improve the likelihood of achieving the best outcome.
Most of the time, ... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Medical | | Skincare company The Beauty Health Company (NASDAQ: SKIN) stock has been on a tear recently as it continues to make new all-time highs on the reopening theme. As consumers inevitably return to the new normal, live engagement in the workplace or in social settings is a reality. With the pandemic behi... Read the Full Story |
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Markets | |
Humans have a knack for doing what they know over and over again. For example, you may have the same type of investing strategy you've used for 10 years. But have you ever stopped to consider whether it's actually working for you? Maybe fees have eaten you alive. Maybe you haven't earned as much a... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Auto/Tires/Trucks | |
From what to have for dinner to where to go on vacation, it can be hard for a group of people to reach a consensus. The same goes in the stock market where research analysts often have vastly differing opinions about a particular company.
That's why when all analysts have the same rating on a sto... Read the Full Story |
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Transportation | |
The Analysts Are Driving These Stocks Higher
While loath to blindly follow any analyst into an investment we like keeping track of the analyst community. Not only are they a fountain of ideas, but following the trend in analyst sentiment can provide deep insight into major market turning points. ... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Technology | | Network solutions provider Extreme Networks (NASDAQ: EXTR) stock is awakening as it ascends towards multi-year highs driven by secular tailwinds in cloud and 5G. The Company is also migrating to a subscription model which makes sense since it’s more of a software solutions provider, not hardwa... Read the Full Story |
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Technology | | Even though tech stocks went through a period of weakness over the last few months, the fact that they made a nice comeback tells us that there is still an appetite for companies in the sector. With the Nasdaq index hitting new all-time highs earlier this week and the Federal Reserve announcing that... Read the Full Story |
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Medical | |
Bio-Techne (NASDAQ: TECH), J2 Global (NASDAQ: JCOM) and InMode (NASDAQ: INMD) recently passed buy points, a signal that institutional buyers have confidence in a stock.
When a stock breaks out of a consolidation, you may feel that it’s past the point where it’s a bargain, and you mis... Read the Full Story |
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Finance | |
The regional bank sector got a lift recently as the TFC Financial was absorbed by Huntington Bancshares (NASDAQ:HBAN). This is a relatively common occurrence among regional banks as they try to capture a larger market share and/or geographic footprint.
In fact, the possibility of mergers and acq... Read the Full Story |
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Consumer Discretionary | |
La-Z-Boy Shares Fall On Margin Warning
La-Z-Boy (NYSE: LZB) and the furniture industry are among the most durable winners in the post-pandemic world. The industry suffered a blow when the pandemic struck but has since been able to bounce back very strongly. La-Z-Boy just released its fiscal Q4 r... Read the Full Story |
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The Early Bird Stock Of The Day Yunji Inc., together with its subsidiaries, operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, cloths, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances. The company was founded in 2015 and is headquartered in Hangzhou, the People's Republic of China. | | View Today's Stock Pick |
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