Good MorningEquities continued to rebound on Thursday with the S&P 500 up nearly 1.25% at the high of the day. The index appears to be headed back up to the recent all-time highs but there are risks ahead. Not only is there a chance for strong resistance at the 4,500 that will need to be broken. If the market can not get above that level it will likely remain range-bound with 4,150 as the floor.
The risk for investors is that the market tide may have already turned in favor of the bears. The rally in stocks is driven in large part by short-covering and not by real buying. If the market can not build some true buying momentum a break above 4,500 seems unlikely. Looking to next week, the risk for the market will be geopolitical in nature as there are very few economic or earnings reports on the calendar.
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Finance | |
Specialty insurance company James River Group (NASDAQ: JRVR) stock has been collapsing through pandemic lows. While its recent earnings were a large miss on paper, the Company has taken strategic moves in an effort to optimize its cash and risk positions. James River targets riskier insurance case... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Communication Services | |
Stock Splits Can Attract New Retail Buyers and Ignite Rallies
A company’s board of directors decides to pursue a stock split for a number of different reasons, including boosting a stock’s liquidity and attracting new buyers. While it’s important for investors to note that a com... Read the Full Story |
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Finance | |
As we’re seeing with the Russia-Ukraine war, getting world leaders to agree on diplomatic policy is a major challenge.
On a far less critical scale, the same goes for sell-side research firms when it comes to projecting a company’s earnings prospects. Opinions and EPS projections ofte... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | | When there’s blood on the streets, it’s time to buy. So said Warren Buffett, and if a 75% drop from peak to trough isn’t bloody enough for you, then I don’t know what is. That’s the drop that the Invesco Golden Dragon China ETF (NASDAQ: PGJ) experienced in the past twel... Read the Full Story |
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Industrials | | It'd be great if we all had money to buy even one share of Berkshire Hathaway, which, as of March 17, was trading at $506,139. But, alas, there's reality. You have to twiddle your pennies and hope that you buy "some stuff" that will stand the test of time (and grow, preferably, exponentially!).
Th... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | |
Williams-Sonoma Rockets Higher On Results, Outlook
Shares of Williams-Sonoma (NYSE: WSM) rocketed higher following the Q4 earnings report but don’t buy into the move just yet. While the results confirm the underlying thesis in the stock the pop in prices is as much to do with short-coverin... Read the Full Story |
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Consumer Discretionary | |
Lennar Moves Up On Strong Results And Outlook
Shares of Lennar (NYSE: LEN) have been in a downtrend due to mounting fears supply chain issues and inflation would not only cut into results but curb demand. The downtrend may be over because the FQ1 results and outlook for the year have laid those ... Read the Full Story |
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Technology | |
Technology design firms Cadence Design (NASDAQ: CDNS) stock has taken a sharp sell-off since hitting all-time highs on Dec. 28, 2021. The IT services provider is diversified throughout the technology sector with services ranging from designing, testing, and verifying semiconductor systems to optic... Read the Full Story |
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Healthcare | |
Pay Attention to Stocks That Are Breaking Out During a Market Correction
With U.S. equity markets off to a shaky start in 2022, it’s safe to say that stocks breaking out to new highs are few and far between. However, that doesn’t mean you have to stick to bottom fishing to find great ... Read the Full Story |
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Consumer Discretionary | |
But short interest makes it difficult to recommend a long position at the moment
Like many direct-to-consumer (D2C) companies, Warby Parker (NYSE:WRBY) was a pandemic winner. D2C companies made their bones by buying online advertising via Meta Platforms (NASDAQ:FB) Facebook platform. This was a ... Read the Full Story |
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Friday's Early Bird Stock Of The Day JELD-WEN Holding, Inc. designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows. It also provides other ancillary products and services, such as trim boards, glasses, hardware and locks, window screens, and molded door skins, as well as miscellaneous installation and other services. The company sells its products under the JELD-WEN, AuraLast, MiraTEC, Extira, LaCANTINA, MMI Door, Karona, ImpactGard, JW, Aurora, IWP, True BLU, ABS, Siteline, National Door, Low-Friction Glider, Hydrolock, VPI, AURALINE, FINISHIELD, MILLENNIUM, TRUFIT, EPICVUE, EVELIN, Swedoor, Dooria, DANA, Mattiovi, Zargag, Alupan, Domoferm, Kellpax, and HSE brands. It serves wholesale distributors and retailers, retail home centers, and building product dealers, as well as homebuilders, contractors, and consumers. JELD-WEN Holding, Inc. was founded in 1960 and is based in Charlotte, North Carolina. | | View Today's Stock Pick |
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