Good MorningEquities retreated on Tuesday on fears the FOMC will get even more aggressive with policy change and interest rate hikes. The move came just a day before the minutes from the latest FOMC are due to be released and may foreshadow what's to come. With inflation rising at the fastest pace in decades the Fed is being forced into actions that may stall the economy. The S&P 500 fell more than 1.25% at the low of the day, led by a 2.0% decline in the interest rate heavy NASDAQ Composite.
Earnings are also coming into focus with JPMorgan Chase set to release its calendar Q1 report next week. The big banks are expected to post sequential increases in revenue and the impacts of rising costs. Banks are positioned to benefit from rising interest rates but the impacts of inflation are offsetting the outlook. Higher rates will help profitability but a stalled economy will cut into the top and bottom lines. Featured: The energy story near the Grand Canyon (Ad) 
|
Finance | |
There were 5,929 insurance companies in the U.S. in 2020, according to the National Association of Insurance Commissioners, including 2,476 property casualty companies, 843 life/annuities companies, 995 health companies, 81 fraternal insurance companies, 62 title insurance companies, 245 risk rete... Read the Full Story |
|
From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, is flagging a little-known company that just secured a partnership with Nvidia - one he believes positions it ahead of Tesla in the autonomous vehicle race.
With a market-moving announcement expected on July 31st, Chaikin is urging investors to swap overpriced AI stocks for this under-the-radar name before markets open. He's also releasing a free Hotlist and Hitlist of buy and sell ideas for the second half of 2026. | | Get the ticker symbol and full details at no charge today |
|
Retail/Wholesale | | Spanish chicken restaurant chain operator El Pollo Loco (NASDAQ: LOCO) shares has been taken out to the woodshed in 2022. The Company replaced its CEO immediately on the Q4 2021 earnings release and is in search for a new CFO. Top line Q4 2021 and Q1 2022 shortfalls were still blamed on COVID-19 eff... Read the Full Story |
|
Consumer Discretionary | |
“Pump up the volume” isn’t just a catchy house song from the late 80’s.
It’s also what gets the party started when it comes to stock rallies.
To many traders, volume—the number of shares that exchange hands within a certain time period—is the most impor... Read the Full Story |
|
From Our Partners | | Tesla's most recent SEC filing contains a single line showing $12 billion in revenue from a new venture Elon Musk has been quietly building inside the company — one that has nothing to do with cars, robots, space, or AI.
Blackstone calls the underlying opportunity a $23 trillion market. On July 22, Elon is expected to go public with it. Former hedge fund manager Adam O'Dell says he already knows what's coming — and is sharing the name and ticker of one of his top picks to play it, free. | | Watch Adam O'Dell's full briefing and claim your free ticker now |
|
Aerospace | |
From ultra short-term day trading to long-term buy-and-hold strategies, investors today use a wide range of tactics to make money.
Somewhere in the middle lies “swing trading”. This approach seeks to profit from short-to-intermediate term stock movements. Entries and exits that span ... Read the Full Story |
|
Energy | |
Chevron Is About To Make Another Move Higher
Chevron (NYSE: CVX) just turned up on one of our favorite screens, a screen for the most upgraded stocks in the market. As we’ve often said, buying a stock because an analyst says so isn’t the best way to invest but if the sentiment among ... Read the Full Story |
|
From Our Partners | | Luke Lango - who helped readers find AMD before a 13,500% rise and Nvidia before 5,000% - says Elon Musk is now targeting the biggest industry of his career, one he has pursued for 27 years.
More than $1 billion is already moving because of what Musk is doing. Lango has identified the stocks he believes are best positioned to benefit as this plays out. | | See Lango's full research and the stocks he's watching now |
|
Business Services | |
The Institutions Are Shedding Acuity Brands
If you are asking yourself why did Acuity Brands, Inc (NYSE: AYI) fall 10% after reporting a better than expected quarter you are not alone. It took us a little bit of digging ourselves and the best we can come up with is the institutions are selling th... Read the Full Story |
|
Retail/Wholesale | |
If there ever was a company that could benefit from a stock split, AutoZone, Inc. (NYSE: AZO) may be it. The auto parts and accessories retailer has never done a split throughout its 30-year history even in light of the stock’s sharp rise.
Still, the $2,000 share price shouldn’t cause... Read the Full Story |
|
Construction | |
JELD-WEN Cut To Underweight By JPMorgan Chase
Shares of JELD-WEN (NYSE: JELD) have been trending lower for the last few months and they move even lower before they start moving higher again. Although the analysts still rate the stock a firm Hold verging on Buy the trend in the Insidertrades.com ... Read the Full Story |
|
Retail/Wholesale | |
Three Stocks To Comfortably Ride Out The Q1 Earnings Season
We expect the Q1 earnings reporting season to be rocky. Inflation and supply chain headwinds are mounting in the wake of the Ukrainian invasion and threaten both the top and bottom lines of many businesses. We’ve liked the furnitu... Read the Full Story |
|
Technology | | Even when their shares were trading down close to 20% last month from last year’s all-time high, there would have been few on Wall Street truly concerned about Apple’s (NASDAQ: AAPL) prospects. For the most part, it can be said they were dragged lower by the risk-off sentiment that washe... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Quanta Services, Inc. provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings. This segment also offers aviation services; emergency restoration services; and other engineering and technical services; design and construction solutions to wireline and wireless communications, cable multi-system operators, and other customers; and training for electric workers, as well as training for the gas distribution and communications industries. The company's Renewable Energy Infrastructure Solutions segment is involved in engineering, procurement, construction, repair, and maintenance of wind, solar, and hydropower generation facilities, as well as battery storage facilities; and provision of engineering and construction services for substations and switchyards, transmission, and other electrical infrastructures. The company's Underground Utility and Infrastructure Solutions segment offers design, engineering, procurement, construction, upgrade, repair, and maintenance services for natural gas systems for gas utility customers; fabrication services for pipeline support systems and structures and facilities; and engineering and construction services for pipeline and storage systems, and compressor and pump stations. The company was formerly known as Fabal Construction, Inc. and changed its name to Quanta Services, Inc. in November 1997. The company was incorporated in 1997 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
|
