Good MorningThe slide continued on Wall Street Thursday with the major indices reversing early gains and posting losses for the day. The move was driven by better than expected GDP numbers early in the session but fear of rising inflation capped the gains and caused the late-day selling. As good as the GDP figures were they are rear-looking and ultimately underpin the need for aggressive FOMC rate hikes. The S&P finished the session near the lows of the day and poised to move lower should the PCE Price Index come in hot today.
Next week brings another round of earnings, the busiest of the reporting season so far, and the monthly read of the NFP data. The NFP should show another substantial increase in employment, a downtick in unemployment, and rising wages which also point to the need for a rate hike from the FOMC. The market is still expecting a single hike in March but there is risk of two or more hikes with inflation running as hot as it is. Featured: The #1 stock to buy BEFORE the June 12th filing (Ad) 
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Medical | |
Biotechnology firms have attracted billions in capital due to the belief that biotech can transform health care. More flexible than traditional big pharma, biotech drives past basic and applied science and creates huge rewards for investors.
Sure, biotech stocks can mean major investment gains, ... Read the Full Story |
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From Our Partners | | $1 quadrillion would be enough to send a $2.8 million check to every man, woman, and child in America. That is the scale of what analysts are calling the biggest AI IPO in history.
And right now, you can claim a stake before the company goes public, starting with just $500.
Elon Musk is predicting this investment could climb 1,000x from here. Early access is available today. | | Claim Your Stake Now |
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Aerospace | |
This week’s Q4 earnings from General Electric (NYSE: GE) probably weren’t what the company was hoping for, let alone needed. Shares of the one-time industrial titan have been trading sideways for the past year which isn’t that bad considering the selling that went on before it. L... Read the Full Story |
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Retail/Wholesale | |
Build A Comfortable Portfolio With Ethan Allen Interiors
Ethan Allen Interiors (NYSE: ETD) is one of the best-positioned stocks in an industry experiencing strong secular tailwinds. While others in the industry are hindered or struggling with supply chain issues and shipping disruptions Ethan Al... Read the Full Story |
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From Our Partners | | Former hedge fund manager Larry Benedict generated $274 million in profits - and Barron's ranked his fund in the top 1% worldwide. Now he's applying the same approach to the gold market through a strategy called 'Gold Skimming.'
Individual trades using this method have produced $2,975, $3,781, and even $6,786 from a five-day gold decline - all without owning a single ounce. It works in a regular brokerage account and takes just three steps to execute. | | Watch Larry's free presentation and learn the full Gold Skimming strategy |
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Construction | |
Have you heard about the $1.85 trillion Build Back Better Act? More than a trillion dollars in new spending across eight years will sink into the nation's roads, bridges, rail, internet, water systems and more.
Of that amount, $550 billion in new spending should boost traditional infrastructure ... Read the Full Story |
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Technology | |
Consider Adding These 3 Stocks Next Month
With the stock market off to one of the worst starts to a year in recent memory, the idea of adding new positions in February might be met with some hesitancy among many investors. It will certainly be interesting to see if equities can finally bottom an... Read the Full Story |
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Business Services | |
Vehicle and parts online auction platform Copart (NASDAQ: CPRT) stock is has been plunging with the benchmark indexes despite blowout earnings. The Company is capitalizing on the global chip shortage leading to supply chain disruptions in new and user vehicles. The inflation in car prices have bee... Read the Full Story |
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Markets | |
Tractor Supply Is Dominating In Underserved Markets
Wal-Mart (NYSE: WMT) and Target (NYSE: TGT) need to pay attention to Tractor Supply Company (NASDAQ: TSCO). While the two larger competitors are focusing on the more-urbanized and higher-density population zones Tractor Supply is focused on &ldq... Read the Full Story |
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Consumer Discretionary | |
Inflation Cuts Into Whirlpool’s Outlook
Shares of Whirlpool (NYSE: WHR) are moving higher in the wake of the Q4 earnings report and guidance for 2022 but we aren’t betting the house on this move. The company is still in good shape and on track to continue increasing its capital retur... Read the Full Story |
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Aerospace | | After bouncing off a decent support level in November of last year, shares of Lockheed Martin (NYSE: LMT) look like they’re ready to start testing the upper levels of resistance in the coming sessions. The aerospace and defense company hit those highs this time two years ago, right before the ... Read the Full Story |
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Finance | |
Just as there are many moving parts to a fundamental analysis of a stock, an expansive list of technical indicators also lie at investors’ disposal to make their next winning pick.
One aspect of studying charts that technical analysts find appealing is that there is a constant supply of new... Read the Full Story |
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Friday's Early Bird Stock Of The Day Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products. It provides processors under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, and AMD PRO A-Series brand names; graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics; and professional graphics under the AMD Radeon Pro graphics brand name. In addition, the company offers data center graphics under the Radeon Instinct and Radeon PRO V-series brands, as well as servers under the AMD Instinct accelerators brand; server microprocessors under the AMD EPYC brands; low power solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series brands; FPGA products under the Virtex-6, Virtex-7, Virtex UltraScale+, Kintex-7, Kintex UltraScale, Kintex UltraScale+, Artix-7, Artix UltraScale+, Spartan-6, and Spartan-7 brands; adaptive SOCs under the Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis, and Vivado brands; and compute and network acceleration board products under the Alveo brand. It serves original equipment and design manufacturers, public cloud service providers, system integrators, independent distributors, and add-in-board manufacturers through its direct sales force, and sales representatives. Advanced Micro Devices, Inc. was incorporated in 1969 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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