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: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Markets | |
One of the hottest stocks of 2020, Turning Point Therapeutics, Inc. (NASDAQ:TPTX) has suffered one of the biotech industry’s most stunning freefalls. A 483% run from the April 2019 IPO turned into a distant memory when the drug maker returned to the starting line last month, dipping under $2... 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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Energy | |
Haliburton Pulls Back Despite Robust Outlook
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,... Read the Full Story |
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Consumer Staples | |
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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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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Business Services | |
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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Finance | | 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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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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Business Services | |
Employers Man-Up With ManpowerGroup Inc
The price action in ManpowerGroup Inc (NYSE: MAN) has been trending lower for the last 12 but that trend has come to an end. A combination of institutional buying and fantastic results have price action confirming support and ready to begin moving higher. ... Read the Full Story |
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Medical | |
Johnson & Johnson Moves Up On Mixed Results
Johnson & Johnson (NYSE: JNJ) is, if nothing else, a workhorse among stocks and one any investor could own. The company’s business is more than entrenched, it often trades at a discount to the S&P 500, it delivers steady consistent gr... Read the Full Story |
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Finance | |
When you’re thinking about investing, what do you prefer to invest in?
If you’ve never invested before, it might be tough to narrow down your options. Two investment opportunities might include exchange-traded funds (ETFs) or dividend stocks.
ETFs are a collection of securities in wh... Read the Full Story |
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Transportation | |
A Bottom Is In For J.B. Hunt Transportation Services
Supply chain challenges or not, J.B. Hunt Transportation Services (NASDAQ: JBHT) is firing on all cylinders. The Q1 results reveal the company is supported by three pillars of trucking including volume, rates, and fuel surcharges. The key take... Read the Full Story |
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Retail/Wholesale | |
Industrial and construction supplies wholesaler Fastenal (NASDAQ: FAST) stock has recently sold off on strong fiscal Q1 2022 earnings. The Company has experienced double-digit daily growth in each of its three divisions: Fasteners, Safety Products, and Other products which are composed of eight sm... 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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