Good MorningEquities extended their rally on Tuesday with the S&P 500 gaining more than 1.25% at the high of the day and moving above the 4,500 level for the first time in over a month. The move is being met with growing pessimism, however, due to a rising expectation for S&P 500 earnings targets to be lowered. Not only is there an impact from Russian sanctions to worry about but rising oil prices and inflation are playing a role as well. While an economic acceleration is expected in the second half of the year it seems as if 2022's darkest days are still ahead.
Trading on Wednesday will be impacted by Fedspeak. Three FOMC members including chief Jerome Powell are slated to make remarks before a variety of organizations. While no policy talk is expected, the market is sure to hang on every word. After Powell's comments on Monday, the CME's FedWatch tool is now pricing in a 50 basis point hike at the next meeting as greater than 60% and that figure is likely to rise over the next month. Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
These 3 Cloud Stocks Offer Compelling Upside
Cloud computing is certainly one of the most compelling trends in tech for investors to get behind. Although this innovative industry has already been around for a few years, there are still plenty of reasons to believe that companies offering cloud so... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Finance | |
For long-term investors, portfolio management is a marathon and not a sprint. There are plenty of near-term distractions and hurdles along the way, but ultimately the focus is kept on a finish line several years if not decades ahead.
It only makes sense then to surround yourself with companies th... Read the Full Story |
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Utilities | |
Pain at the pump, sticker shock at the grocery aisle, the Russian invasion of Ukraine, ongoing problems with COVID-19 (another strain was just unearthed!) and… ugh, need we go on?
We've seen just about everything at the start of this year… sharp sell-offs in the S&P 500 and nea... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Technology | | Airline broadband connectivity provider Gogo (NASDAQ: GOGO) stock has rebound despite the market sell-off on a blowout Q4 2021 earnings release. The world’s largest business aviation broadband provider is a post-pandemic winner as air travel recovers. However, the pandemic actually bolstered i... Read the Full Story |
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Retail/Wholesale | |
The Rebound Tops Out For J. Jill
J. Jill, Inc (NYSE: JILL) reported a fantastic FQ4 and even gave fairly robust guidance but it is not, we think, enough to sustain a rally. While the company was able to grow revenue from last year and widen its margin the outlook for this year is tepid at best. ... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Transportation | |
FreightCar America Jumps On Capacity Expansion
We’ve been waiting for FreightCar America (NASDAQ: RAIL) to put in some solid numbers and after many quarters, systemic headwinds, COVID-related closures, and rising input costs the company has done just that. Efforts to maintain operations an... Read the Full Story |
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Consumer Discretionary | |
Nike Surges On Revenue Strength And Wider Margins
Shares of Nike (NYSE: NKE) are up more than 8% in the wake of the FQ3 earnings report and are leading the Dow 30 higher. The DJI is up nearly a full percent with the aid of Nike and it, too, could be heading higher. The move is spurred by better t... Read the Full Story |
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Transportation | | Shares of transportation and delivery company FedEx (NYSE: FDX) have been trading sideways since the Tennessee headquartered company reported their fiscal Q3 earnings last week. That kind of action is usually indicative of a neutral report that neither disappoints or excites, which isn’t too f... Read the Full Story |
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Technology | |
Insider And Institutions Put A Bottom In Docusign
Shares of DocuSign (NASDAQ: DOCU) have been in a correction for several quarters due to slowing growth and it hit a new low in the wake of the FQ4 results. The good news is that a bottom is now in play due to an uptick in insider and institutiona... Read the Full Story |
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Technology | |
Follow The Analysts To Three Winning Stocks
The analysts are a fickle bunch whose sentiment toward a stock can change at a moment's notice. As hard as it is to succeed by simply following the analysts and their ratings, when there is a clear trend in analyst sentiment, either good or bad, it can... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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