Good MorningEquities extended their rebound last week but the move already appears to be losing momentum. The S&P 500 index topped out just above 4500 and with MACD and stochastic indicating overbought conditions. Without a new catalyst, and with much of last week's action-driven by short-covering, it doesn't look like the index can move much higher. The next target for resistance is at 4,600 and it may be reached this week.
This week the market will be bracing for another round of important economic data including the PCE price index and the NFP report on Friday. The PCE price index is expected to produce another hot figure if not an acceleration from the previous month. In either case, the data is expected to increase the odds of a 50 basis interest rate hike at the next FOMC meeting. The NFP report will be important as well, but more so for the wage data and how it impacts the overall inflation picture. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Technology | |
After climbing to nearly $80 in November 2021, Fortive Corp. (NYSE: FTV) dipped below $60 this month. Shares of the former Danaher division have begun to recover alongside the market rally but still have good upside.
Fortive is among a group of S&P 500 companies that has faced sharp adjustmen... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Technology | | Enterprise cloud and data application software solutions provider Splunk (NASDAQ: SPLK) stock has been rebounding strong with the benchmark indexes in the past few weeks. The cloud-based data analysis and security platform had a very strong close for its fiscal year 2022 smoking consensus analyst es... Read the Full Story |
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Consumer Discretionary | |
Two weeks ago, it looked like it was game over for GameStop Corp. (NYSE: GME). On March 14th, the popular meme stock sunk to a new 52-week low of $77.58, dragged lower by broad market weakness and continued disdain for the former $400+ high-flier.
On Friday, shares of the video game retailer clos... Read the Full Story |
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From Our Partners | | See the Signals Most Traders Miss
We monitor subtle shifts in order flow, volume patterns, and early trend behavior.
Stock News Trends highlights moves long before they hit mainstream screens. | | Join Free — Start Tracking Early Market Data |
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Consumer Staples | |
Value investors can buy this stock before the upgrade cycle kicks in
General Mills (NYSE:GIS) stock is up 7% since it posted third-quarter 2022 earnings after the market closed on March 23. We see this as just the start of the next leg up for a stock that looks primed to move past its 52-week hi... Read the Full Story |
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Technology | |
High-profile cyberattacks keep showing up in the news. You may have been a victim yourself or know someone else who has gotten hacked, whether from your credit card or through a full battery of personal information.
About 47% of Americans experienced financial identity theft in 2020, according to... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Basic Materials | |
These Commodity Stocks Are Ideal Buy-the-Dip Candidates
If you’re thinking that it might be too late to add commodity stocks to your investment plans, think again. With prices for potash, metals, wheat, and oil hitting multi-year highs and expected to remain elevated for the near term thank... Read the Full Story |
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Auto/Tires/Trucks | |
This might not be a question you were expecting to hear with regards to NIO (NYSE: NIO), whose shares are down almost 70% from last year’s all-time high, but it’s one worth asking. Because if one thing’s for sure, the Shanghai headquartered electric vehicle (EV) maker knows how t... Read the Full Story |
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Retail/Wholesale | |
Darden Restaurants International Is Another Reason Not To Trust The Rally
Darden Restaurants (NYSE: DRI) gave the market another reason not to trust the rebound in equities when it reported earnings. The company not only missed on the top and bottom lines but tightened its guidance to a range be... Read the Full Story |
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Consumer Staples | |
But wait for confirmation before going on the long side of OLLI stock
Ollie’s Bargain Outlet Holdings (NASDAQ: OLLI) delivered another disappointing earnings report. However, investors may be signaling that the sell-off of OLLI stock is overdone. The stock price has been consolidating in t... Read the Full Story |
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Energy | | What to do when eastern Europe suddenly erupts into violence? Griping about the cost of gasoline (has anyone else shifted to filling up when the tank is half full?) has its cathartic moments, but it's also important to remember that whole countries are living in fear right now.
Even so, beyond dona... Read the Full Story |
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Monday's Early Bird Stock Of The Day Bumble Inc. provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point. Bumble Inc. was founded in 2006 in and is headquartered in Austin, Texas. | | View Today's Stock Pick |
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