Good MorningEquity markets started the 2nd quarter on shaky footing with the S&P 500 hovering near break-even on Friday. The move was driven by weaker than expected labor data amplified by the ever-rising threat of inflation. Job creation topped 400,000 for March but fell short of the consensus while wages rose at the fastest YOY pace since the first months of the pandemic. The data points to both tightening labor conditions and accelerating inflation that more than suggest Fed action is needed.
This week will be a quiet week for the market with little on either the economic or earnings calendar. The biggest news of the week, other than geopolitical, will be the FOMC minutes on Wednesday. The minutes will most likely reveal a more hawkish than previously expected FOMC and up the stakes in regards to interest rate hikes. At this point, the FOMC is expected to raise rates by 50 basis points at the next two meetings and that could extend to three meetings if there is no real deceleration in consumer-level price increases. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Auto/Tires/Trucks | | Recreational vehicle (RV) manufacturer Winnebago Industries (NYSE: WGO) shares have been selling off with the benchmark indices and continues to sell-off despite the market rebound. The iconic maker of campers and RVs has enjoyed a resurgence of demand fueled by pandemic lockdowns that caused consum... Read the Full Story |
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Services | | Global digital marketplace Etsy (NASDAQ: ETSY) stock has sold off dramatically worse than the benchmark indices in 2022. The popular e-commerce platform was a pandemic winner as the lockdowns introduced millions of new customers to platform. Despite supply chain and logistics disruptions, the Compan... Read the Full Story |
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Consumer Staples | | Food and beverage maker Campbell Soup Company (NYSE: CPB) shares are attempting to stage a breakout after bouncing off the $40.00 support level. The grocery stockpiling phenomena of the pandemic may have dissipated, but the demand for groceries have continued to strengthen amid inflationary pressure... 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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Technology | |
Enterprise identity solutions provider Okta (NASDAQ: OKTA) stock has been on a nasty downtrend since peaking out at $294 in February 2021. Cybersecurity is a constant in the headlines as organizations are placing a higher priority on securing their data. Identity management is at the forefront of ... Read the Full Story |
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Technology | |
BlackBerry will need more than its iconic name to impress investors
BlackBerry (NYSE:BB) stock took a plunge the day after reporting mixed earnings. The company beat on non-GAAP earnings and surprised with a positive 6 cents per share as opposed to the negative one cent per share that analysts e... 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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Basic Materials | |
Investing on a Budget? Check Out These Stocks
A lot of thought should go into deciding whether or not to invest in a company, as investors always want to be sure that a stock is worth risking their hard-earned capital on before pulling the trigger on a purchase. Qualities like strong growth pros... Read the Full Story |
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Markets | |
What's a break in the clouds due to the pandemic? Maybe the ease of meeting with your doctor. Currently, 76% of U.S. hospitals connect with patients and practitioners through the use of video and other technology.
Picking the right company may not seem incredibly easy, especially as telehealth r... Read the Full Story |
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Consumer Discretionary | |
Basset Furniture Industries Pays Special Dividend
If you need evidence that insider activity is an indicator of future stock performance, look no further than Basset Furniture Industries (NASDAQ: BSET). An insider in the company, William C. Warden, Jr., a director of the company, bought 5,000 sha... Read the Full Story |
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Basic Materials | |
Keep an Eye on These 3 Standout Stocks This Month
With the S&P 500 and the NASDAQ indexes both posting their worst quarters since the pandemic crash of March 2020, investors are likely wondering what’s next for equities this year. Keep in mind that the market would be in a lot worse sha... Read the Full Story |
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Retail/Wholesale | |
Performance in a key niche may very well determine the course of SPWH stock
Sportsman’s Warehouse (NASDAQ:SPWH) continues to fall despite posting a double beat in its most recent earnings report. The outdoor sporting goods retailer posted earnings per share (EPS) of 49 cents outpacing analy... Read the Full Story |
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Monday'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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