Good MorningEquity traders breathed a sigh of relief on Tuesday after a round of better than expected earnings. Reports from Johnson & Johnson and Hasbro helped lift the broader market as did reports from a number of mid-sized and specialty finance companies. The S&P 500 gained more than 1.70% at the high of the day and may move higher in the near term but investors are urged not to become complacent. While there seems to be a bottom in stocks the trend is sideways and not up. In this scenario, the S&P 500 will probably hit a top near 4,800 which will keep prices contained.
Better than expected economic data helped to lift stocks as well. The April read on Building Permits and Housing Starts were both above the consensus and pointed to ongoing strength in the housing market. While construction has been constrained by labor and materials shortages demand remains vibrant and ready to build. The market-moving event on Wednesday will be the Fed's Beige Book. Featured: Forbes mag says this strategy "like finding money in the street" (Tradewins) 
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These 3 Analyst Favorites Belong On Your Watchlist
Analysts on Wall Street have an astounding amount of resources and plenty of experience making estimates based on corporate financial data, which is why their recommendations tend to have an impact on share prices. With that said, the ratings fro... Read the Full Story |
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Tech | | | Stocks were mixed in Asia on Wednesday after a rally on Wall Street led by technology stocks.
Share benchmarks rose in Tokyo, Hong Kong and Sydney but fell in Shanghai. U.S. futures were lower and oil prices pushed higher.
Japan reported its trade de... Read the Full Story |
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Tech | | | Stocks overcame a weak start and finished broadly higher Tuesday, giving the major indexes on Wall Street their best day in nearly five weeks.
The S&P 500 rose 1.6%, enough to recoup almost all of its losses from last week. The Dow Jones Industrial Average rose 1.5% and the Nasda... Read the Full Story |
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From Our PartnersFor many investors, a long-term buy and hold strategy is a great choice.
Especially if you can find top notch companies, with a solid history of returns, or ones that could get red hot with supply demand issues.
Look at Apple, Microsoft, Amazon.com, or even Meta Platforms for proof.
In fact, we've found five you may want to consider holding forever. | | Click Here to Download the FREE Report |
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Politics | | | Stocks advanced in Europe on Wednesday after a mixed session in Asia, where authorities in Shanghai allowed 4 million people to leave their homes, easing a stringent shutdown that has deepened worries over the slowing Chinese economy.
Germany's DAX rose 0.9% to 14,280.77 while the CA... Read the Full Story |
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Stocks | | | The volatile stock of Turning Point Therapeutics (NASDAQ: TPTX) is once again piquing the interest of high risk traders after the company announced encouraging data related to a pivotal trial. Whether the stock can climb the roller coaster back above $100 remains to be seen, but a significant inflection point seems to be here. Read the Full Story |
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From Our PartnersThe writing's on the wall for U.S. stocks. It's not a matter of if stocks will crash, but when. John Hussman, the legendary analyst who called the dot-com bubble in 2000, announced stocks are due for a devastating 66% drop. In fact, some analysts believe that the next big market crash is already underway. So if you have ANY money in stocks, mutual funds, or ETFs right now... | | It's time to get ready. |
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Markets | | | Financial services institution PNC Financial (NYSE: PNC) stock has retraced back down to oversold levels. The Company beat analyst estimates with inline revenues in its fiscal Q1 2022 earnings release. It’s commercial loans grew at the fastest organic rate since defensive draws started during ... Read the Full Story |
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Politics | | | The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change Read the Full Story |
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Spirits and beverages producer Constellation Brands (NYSE: STZ) stock has rebound towards its all-time highs despite the weakness in the benchmark indices. The maker of popular brands like Corona and Modelo added 30 million cases of high-end growth in fiscal 2022 making it the #1 high-end beer sup... Read the Full Story |
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Politics | | | The Biden administration is restoring federal regulations that require rigorous environmental review of major infrastructure projects such as highways, pipelines and oil wells, including likely impacts on climate change and nearby communities Read the Full Story |
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Stocks | | | Shares of Haliburton (NYSE: HAL) are pulling back from a long-term high and we think it is setting up the next buying opportunity for the stock. The main driver of the pullback is sentiment and profit-taking because the Q1 results, as good as they are, were barely more than what the market expected. Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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