Good MorningEquity markets began pulling back last week after the FED Dropped a bomb on the market. The FOMC increased its inflation target, up the timeline for future rate hikes, and sent the market into a tailspin. The S&P 500 shed more than 1% on Friday putting in the index at its lowest level in over two weeks. If the market can't bounce back this week the indices could be in for a much deeper correction. The S&P 500 are trading nearly 22.5 times their forward earnings and well above the 10-year average.
The biggest hurdle for the market this week will come on Friday with the release of the personal income and spending data. Within the report is the Fed's favored gauge of consumer-level inflation the PCE price deflator index. The index spiked to well over the Fed's target 2% rate last month and is expected to be hot again this month.
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Technology | | Back at the start of May, the folks over at Wells Fargo took a stab at picking stocks they thought were set to outperform their peers and the broader market throughout the rest of 2021. When considering what stocks to include, they looked at things like risk/reward profile, existing analyst ratings,... Read the Full Story |
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From Our Partners | | Jeff Brown and Marc Chaikin - the two investors who picked Nvidia before it climbed as much as 36,000% - are issuing a rare joint buy alert on a little-known Elon Musk supplier.
They believe Elon Musk's latest AI breakthrough is about to collide with a market pattern that has a 100% track record - one that previously gave everyday investors a chance to turn $10,000 into $350,000 in roughly 12 months. | | See the details on this overlooked Elon Musk supplier right now |
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Consumer Discretionary | | The world’s largest cinema operator AMC Entertainment (NYSE: AMC) stock has been on a tear as the resurgence of “meme” stock squeezes continues, but it’s no GameStop (NYSE: GME). It also appears that AMC and GameStop have decoupled in the near term as Reddit traders are favor... Read the Full Story |
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Technology | | If you are primarily a growth investor, the chances are good that you haven’t had the best year in the markets thus far. Many of the high-growth names that were huge winners in 2021 have faced serious selling pressure amidst valuation and inflation concerns. With that said, we are now seeing s... Read the Full Story |
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Markets | |
This week can be summed up as a week when the more things change, the more they stayed the same. The markets were on metaphorical pins and needles awaiting the outcome of the Federal Reserve Board’s meeting. And while the Fed did give a cap tip toward inflation, it still looks unlikely to ra... Read the Full Story |
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Technology | |
Adobe Is A Company Reborn
Adobe (NASDAQ: ADBE) is one of those blue-chip, legacy tech companies that almost became irrelevant. Not to say that Adobe was ever really in danger of going out of business, only that it had reached the end of its visible growth cycle. Luckily for investors, the shift ... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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Markets | |
Value investors look to profit from stocks that are trading far below their intrinsic value. While the concept is simple, the time that it takes to uncover these stocks can be extensive. That’s why some investors opt for a strategy of investing in exchange-traded funds (ETFs) that specifical... Read the Full Story |
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Consumer Discretionary | |
Tailwinds To Drive Smith & Wesson Brands Business
To say that there are tailwinds driving Smith & Wesson Brands’ (NASDAQ: SWBI) business is a bit of an understatement. The first is America's re-infatuation with outdoor lifestyles, a re-infatuation sparked by the pandemic but no long... Read the Full Story |
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Consumer Discretionary | |
They still have a ways to go yet, but the major cruise ship stocks are steadily reclaiming the territory that was lost in 2020. For any investor that was brave enough to back them to not go out of business during the dark days of February and March of last year, the rewards have been great. Return... Read the Full Story |
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Retail/Wholesale | | For a powerhouse company like Amazon (NASDAQ:AMZN) that has revolutionized the way that people shop and delivered incredible earnings performance for the last few quarters, it’s a bit strange that its stock has gone nowhere in the past year. Sure, there have been opportunities if you like to t... Read the Full Story |
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Auto/Tires/Trucks | | While electric vehicle stocks haven’t necessarily been as supercharged as they were during 2020, the long-term bullish narrative surrounding the industry is still intact. With consumer preferences quickly shifting towards EVs and plenty of government incentives in place that should entice driv... Read the Full Story |
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The Early Bird Stock Of The Day Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services. It also provides commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services. Further, the company holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona. | | View Today's Stock Pick |
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