Good MorningEquities rebounded strongly on Thursday despite a much weaker than expected GDP figure. The first read on Q1 2022 GDP came in at -1.4% versus the expected gain of 1.0%. The news was largely shrugged off by the market but it is not a data point to be complacent about. With the economy already contracting versus last year there is a real chance the FOMC could and will throw the U.S. economy into a recession when it begins raising rates.
The question that needs to be answered is if it will be a hard or soft landing and the evidence is mounting for a hard landing. The real risk for the market is today's read on the PCE price index. If PCE prices continue to rise at the pace they have been or hotter the Fed will have no choice but to act quickly and aggressively to fight inflation and we don't think the market is pricing that into stocks yet. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Technology | | You could almost hear the collective sigh of relief after Apple (NASDAQ: AAPL) released its latest earnings report at the end of yesterday’s session. Investors have already found solace this week with solid results from Microsoft (NASDAQ: MSFT) and Facebook (NASDAQ: FB) helping to at least slo... Read the Full Story |
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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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Utilities | | Canadian communications and media giant Rogers Communication (NYSE: RCI) stock made new all-time highs at $64.55 before pulling back down despite the relative weakness in benchmark indices. The broadband provider is seeking to complete and integrate its buyout of Shaw Communications, which it acquir... Read the Full Story |
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Markets | |
Contrary to the popular belief that you may want to keep dividend stocks around forever, there may come a time when you actually want to sell your dividend-paying stocks. Even the best dividend stocks might end up deserving a spot on your “to sell” list.
Let’s take a look at whe... 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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Retail/Wholesale | |
Analysts Buy The Dip In O’Reilly Automotive
Shares of O’Reilly Automotive (NASDAQ: ORLY) tanked after the company released its Q1 earnings but some are welcoming the news. Analysts Michael Lasser of UBS urged the company’s client to use the pullback as a buying opportunity due t... Read the Full Story |
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Technology | | Global satellite communications provider Iridium (NASDAQ: IRDM) stock recently took a nosedive from the selling in benchmark indices. The provider of satellite-based broadband caters to industries ranging from aviation, transport, logistics, emergency, maritime, energy, and government. Commercial se... 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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Consumer Staples | |
Keurig Dr. Pepper Preserves Earnings In the Face Of Headwinds
Keurig Dr. Pepper (NASDAQ: KDP) shares are lower in the wake of the Q1 report but we don’t think they are going to fall much further. The institutions have been scooping up this stock over the past year and put a firm floor in th... Read the Full Story |
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Auto/Tires/Trucks | |
Supply Chain Constraints Cut Into Ford Results
Ford (NYSE: F) had a good quarter despite the impact of supply chain constraints. The company reported a YOY decline in revenue that was less than expected and comes with what we consider very good news. The company reports significant supply chain ... Read the Full Story |
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Auto/Tires/Trucks | |
The Analysts And Institutions Are Hanging On To Harley-Davidson
Harley-Davidson (NYSE: HOG) hit the skids following the Q1 earnings release but this is an opportunity to buy into an iconic American brand. The results were mixed, to be sure, but highlight both the current situation and the opportu... Read the Full Story |
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Technology | | A solid result was much needed, and Meta Platforms, Facebook’s (NASDAQ: FB) parent, certainly delivered. Their Q1 earnings, released after yesterday’s closing bell, missed on revenue but beat on EPS. The former, though light against the consensus, was still up 6% year on year, while earn... Read the Full Story |
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Markets | |
Automatic Data Processing Moves Higher On Strong Results
As great as the risks to the economy are right now, the results from Automatic Data Processing (NYSE: ADP) prove the labor market and business, in general, are doing OK. The company not only reported a stronger than expected quarter but wa... Read the Full Story |
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Friday'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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