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.
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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 |
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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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Finance | |
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 |
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Technology | |
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. Earlier this month the stock traded below $100 for the first time since April 2020 on fears that ... 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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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 |
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Medical | |
These 3 Boring Stocks Can Be Beautiful
There’s absolutely nothing boring about making money, yet certain stocks that can offer steady gains tend to get overlooked by the majority of retail investors time and time again given their predictable businesses and slow-growth industries. While we ... 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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Consumer Discretionary | | A 4.5% jump during yesterday’s session meant shares of high fashion retailer Ralph Lauren (NYSE: RL) were among the better performing stocks on a day that saw the major indices continue to rally off this week’s lows. While they were certainly buoyed by the boost in optimistic sentiment t... Read the Full Story |
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Transportation | |
FedEx Cast Shadow On 1st Quarter Earnings Season
The institutions like what FedEx (NYSE: FDX) is delivering and have been buying the stock. Their purchases coincided with a bottom in price action that has the stock poised to move higher. The net of activity in the 1st 10 weeks of Q1 is worth 2.2... Read the Full Story |
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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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Technology | |
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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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 |
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