Good MorningEquities wobbled on Thursday after comments from several Fed members and the FOMC meeting minutes pointed to a series of aggressive interest rate hikes. The move put the S&P 500 at the lowest level in three weeks and the selling may not be over even with Thursday's bounce. There are growing indications that economic headwinds worsened in Q1 and will worsen again in Q2. That situation is having a negative impact on guidance and the outlook for earnings growth which is the primary driver of stock market action. while the consensus estimate for Q1 earnings growth continues to rise, it is due entirely to the high price of oil and should be looked at with caution.
The risk for the market next week will be earnings and the economy. Not only is it the start of peak earnings reporting season but the CPI for March is due out as well as retail sales. The CPI is expected to rise from the previous month, the question is by how much and how will it affect the outlook for interest rate hikes? Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Staples | |
WD-40 Company Unsticks The Door To Higher Share Prices
WD-40 Company (NASDAQ: WDFC) is a stock we like to own but you have to be prepared for some volatility. The business is trending higher on internal efforts to expand territory and deepen penetration but it can be spotty on a quarter to quart... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Discretionary | |
The 150% rally in GameStop (NYSE: GME) shares through the back end of March was one of the hottest topics on Wall Street coming into Q2. With meme stocks having dominated headlines at various points over the past 18 months, investors were wondering if we were at the start of a fresh eye-watering r... Read the Full Story |
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Industrials | |
Dividend Growth Stocks Can Be a Great Way to Combat Inflation
The dividend growth strategy is without a doubt one of the most popular approaches to investing. It involves buying and holding shares of quality dividend-paying companies that are increasing their cash flows enough each year to consis... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Staples | |
Sin stocks include companies that promote or create unethical or immoral products. In an era of "ethical investing," or morality-driven investments, it may seem difficult to consider making room for sin stocks in your portfolio.
However, the 50 largest sin stocks have outperformed the MSCI World... Read the Full Story |
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Consumer Staples | |
Lamb Weston Rockets Higher On Earnings Strength
Lamb Weston (NYSE: LW) has been struggling with growth and it still is. The Q3 results were mixed at best and driven by pricing actions intended to offset the impacts of higher potato costs, higher freight costs, and systemic disruptions that are c... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Staples | |
Conagra Brands To Raise Prices, Shares Move Higher
Conagra Brands (NYSE: CAG) had a good quarter when it comes to revenue but the ravaging impact of inflation is everywhere in the report. Not only is inflationary pressure cutting into the bottom line but it is also having an impact on volume sal... Read the Full Story |
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Technology | |
Customer relationship management (CRM) giant Salesforce (NASDAQ: CRM) shares have taken a beating since peaking at $311.40 last year. The Company had the best quarter in its history and raised its fiscal 2023 guidance but could not withstand the overall selling in the benchmark indices. Salesforce... Read the Full Story |
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Materials | |
These Standout Commodity Stocks Continue to Impress
With an uncertain economy, soaring inflation, and serious geopolitical conflicts, it’s safe to say that investors are dealing with a complicated stock market in 2022. With that said, one area of the market has been outperforming and contin... Read the Full Story |
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Communication Services | |
If Netflix (NASDAQ: NFLX) can surprise Wall Street with its upcoming earnings report, we could be on for the mother of all comeback rallies. For context, their shares were decimated back in January after what can only be called a horrendous report. Even though the streaming giant’s stock had... Read the Full Story |
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Consumer Discretionary | |
Levi Strauss & Co. Moves Up On Successful Price Pass-Through
Shares of Levi Strauss & Co. (NYSE: LEVI) are moving higher in the wake of the Q1 earnings report because of a successful price pass-through that is indicative of the selling environment in general. Demand for Levi Strauss &... Read the Full Story |
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Friday's Early Bird Stock Of The Day PureCycle Technologies, Inc. engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. The company was founded in 2015 and is headquartered in Orlando, Florida. | | View Today's Stock Pick |
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