Good MorningEquities began the week on shaky footing but managed to rise by the end of Monday's session leaving the S&P 500 at the highest levels in over a month. The move comes on the back of a near 10% decline in oil prices but investors should not be complacent. This week the market will get another read on consumer-level inflation and it is not expected to be a good one. The PCE Price Index will be released on Thursday and is expected to accelerate to 5.5% YOY at the core level. If correct, this will be the hottest level of consumer inflation in over 3 decades and the 11th month inflation has accelerated above the FOMC's 2.0% target.
Other risks for the market are emerging as well. Manufacturing closings in China's key hub of Shanghai are spreading and threaten to bring the global supply chain to its knees. Even if the closings are limited and short-lived they will have a far-reaching effect when it comes to product availability and the impact on the supply chain. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Discretionary | |
These 3 Stocks Have Been Relentlessly Sold and Could Offer Upside
Trying to pick a bottom in the stock market is one of the quickest ways to lose money. That’s because it’s impossible to predict exactly when a stock price will stop going down, even though plenty of traders and investo... 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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Medical | | Health insurance giant UnitedHealth Group (NYSE: UNH) stock has been on a gravity-defying uptrend reaching all-time highs again in 2022 just as inflation hits a 40-year high at 7.5%. The Company continues to grow its top and bottom lines powered by the surge in Medicare Advantage consumers and pande... Read the Full Story |
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Business Services | |
Paypal Is The Most Downgraded Stock In Q1
Paypal (NASDAQ: PYPL) is the most downgraded stock of the FQ4 reporting and calendar Q1 season. The company received 40 downgrades which is saying something because that’s all the analysts rating the stock. The takeaway is that, while all 40 of the... 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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Auto/Tires/Trucks | |
Workhorse Group Has Turned A Corner
After a rocky 2021, it looks like Workhorse Group (NASDAQ: WKHS) has turned a corner. A number of positive events including a large insider purchase have the stock bottoming and confirming a reversal in price action. The insider, Richard Dauch, CEO of Workhorse... Read the Full Story |
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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 | | 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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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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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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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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Tuesday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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