Good MorningEquities ended last week higher after staging the strongest rally in several months. The move is good news for the bulls but investors are cautioned not to read too much into it. Not only was last week quadruple witching options expiration but there was quite a bit of short-covering in the market as well. This means most of the action was driven by the unwinding of derivative positions and not true buying. In other words, last week's rally was a relief rally within a bear market and investors should remain cautious.
The next hurdle for the market will be resistance at the 4,500 level and it may be reached this week. If no more bad news emerges the market could surpass this level and make a move to retest the all-time highs. A move above 4,500 may be difficult however because there are few catalysts to spur buying on the calendar this week.
Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
|
Markets | | | Many of these “boring” stocks have been outperforming thus far in 2022 and could continue trending higher over the next few months and beyond. It never hurts to look at companies that don’t receive a lot of fanfare among investors Read the Full Story |
|
From Our Partners | | A little-known regulation quietly goes into effect this July.
And it's already being exploited by Wall Street and the Big Banks…
It gives them the green light to treat a certain tangible asset as equivalent to cold, hard cash.
Not stocks. Not real estate. And definitely not the U.S. dollar.
We're talking about something they don't want you to notice — because the fewer people who act on this, the better it is for them. | | To help you get started, we're giving away a FREE Wealth Protection Guide that shows you exactly how |
|
Markets | | |
Don’t count the Nasdaq out just yet.
The popular index of 100 largely growth-oriented companies is in the midst of a sharp reversal that has erased much of the year’s losses. An impressive 1,700 point surge off the March 14th bottom has the Nasdaq down 9.6% in 2022. Not great, but con... Read the Full Story |
|
Politics | | | Saudi state-run media says that Yemen’s Houthi rebels have unleashed a barrage of drone and missile strikes on Saudi Arabia that targeted a liquified natural gas plant, water desalination plant, oil facility and power station Read the Full Story |
|
From Our Partners | | The AI boom isn’t just transforming technology—it’s redefining global power, increasing government debt, and ushering in more economic uncertainty.
Claim your FREE AI & Gold Report today and learn what central banks, investors, and analysts are seeing—and how gold can help protect your savings in an uncertain, AI-driven world. | | ▻ Get ahead of the trend—CLICK HERE to claim your FREE AI & Gold Report now! |
|
Politics | | | The Mariupol City Council claims that its residents are being taken to Russia against their will and one Ukrainian lawmaker says those people are being taken for forced labor in remote parts of Russia Read the Full Story |
|
Politics | | | WARSAW, Poland — Officials in Poland say that trucks headed for Belarus are backed up for 40 kilometers (25 miles) while they wait to reach the Koroszczyn border point as a group of protesters is blocking the road there. The protesters are calling for a ban on trade with Russia and its ally Belarus.... Read the Full Story |
|
From Our Partners | | The Tesla Shock Nobody Sees Coming
While headlines scream "Tesla is doomed"...
Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs.
One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd. | | Click here to see the Tesla shock that could blindside everyone. |
|
Politics | | | Just days before Russia invaded Ukraine on Feb. 24, President Joe Biden quietly dispatched a team to European Union headquarters in Belgium.
These were not spy chiefs or generals, but experts in reading fine print and tracking the flow of money, computer chips and other goods around t... Read the Full Story |
|
Markets | | | Warren Buffett's Berkshire Hathaway is buying the insurance company Alleghany in a deal valued at approximately $11.6 billion.
“Berkshire will be the perfect permanent home for Alleghany, a company that I have closely observed for 60 years," Buffett said in a prepared statement on Mon... Read the Full Story |
|
Stocks | | |
Personal finance company Sofi Technologies (NASDAQ: SOFI) stock has been punished with the benchmark index sell-off despite seeing strong growth in its various segments. The popular provider of loans ranging from student, personal and home saw record growth in 2021 as it grew its customer base to ... Read the Full Story |
|
Markets | | | Tire and automobile service provider Goodyear Tire and Rubber Company (NYSE: GT) shares have fallen back towards pandemic levels driven by the benchmark indices sell-off. The country’s largest tire maker saw market share gains and top line growth from its merger with Cooper Tire and Rubber. Ho... Read the Full Story |
|
Markets | | | DocuSign, Inc. (NASDAQ: DOCU) has come full circle. After riding the remote workforce trend to the $300 level last summer, the e-signature leader has seen its share price return to where it all began. Read the Full Story |
|
Monday's Early Bird Stock Of The Day Five9, Inc., together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions. The company's platform comprises of including interactive virtual agent, agent assist, workflow automation, workforce engagement management, AI insights, and AI summaries that allows to manage and optimize customer interactions across voice, chat, email, web, social media, and mobile channels directly or through its application programming interfaces. It also matches each customer interaction with an agent resource and delivers customer data to the agent in real-time through integrations with adjacent enterprise applications, such as CRM software, to optimize the customer experience and enhance agent productivity. The company serves customers in various industries, such as banking and financial services, business process outsourcers, retail, healthcare, technology, and education. Five9, Inc. was incorporated in 2001 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
|
