Good MorningEquities slipped again on Thursday and are in danger of falling further. While the S&P 500 was able to claw its way upward from a freshly set low, the index is still below what is now a key resistance target. The 4,100 level was confirmed as resistance this week and will be a major hurdle for the index going forward. the longer it takes for the market to get back above that level, the harder it will be to cross above it and we are not hopeful of a rebound next week.
Next week will be a critical time for the broad market. The technical picture is lending strength to the argument "sell in May and go away" and there are no catalysts for buying on the horizon. The catalyst that is on the horizon is the PCE Price index and we do not expect it to be a pleasing figure. If the market falls to a new low, a low below 3,860, the S&P 500 is likely to fall another 100 points or more before finding the next level of price support. Featured: 25 candidates screened. 5 made it. (Ad) 
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Industrials | |
A company known for its reliability should give investors something they can count on
John Deere (NYSE:DE) is due to report earnings before the market opens on May 20. And at this point, any bit of good news would have a calming effect on markets. With that in mind, John Deere may be the right c... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
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Technology | | Rapid7, Inc. (NASDAQ: RPD), unlike most of its competitors in the cloud security space, has the very real possibility of turning a profit this year, which probably comes as a great surprise to many investors given the macro backdrop. The business has high APR growth a surging top line, and quality r... Read the Full Story |
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Consumer Discretionary | |
Lowe’s Downtrend Is Not Over
Lowe’s (NYSE: LOW) moved lower on the heels of its Q1 earnings report and we don’t think the move is over. While price action is rebounding the day after the report was released we are viewing it as a dead cat bounce, at least for now. The freshly s... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
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Technology | | Fabless integrated circuit (IC) semiconductor company Silicon Labs (NASDAQ: SLAB) stock is attempting to rebound after losing more than (-30%) on the year with the benchmark Nasdaq index. The IoT leader in secure and intelligent wireless technology saw impressive growth in its fiscal Q1 2022 report ... Read the Full Story |
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Technology | |
This Is Not The Bottom For Cisco Systems
After 10 quarters of net buying, the institutional tide driving Cisco Systems' (NASDAQ: CSCO) price action has turned. The institutions have been, so far in Q2, net-sellers and responsible in large part for the recent decline in share prices. If this tren... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Markets | |
A Roth IRA is a powerful investment tool that you can use to save for retirement. Compounding alone can make a huge difference in how you grow your retirement savings over time. Here's a quick example of its magic: If you were to invest $1,000 at age 20 into a Roth IRA and contribute $1,000 per ye... Read the Full Story |
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Markets | |
Oil Stockpiles Fall Despite Fear Of Slowing Growth
The price for WTI (NYSE: USO) has been trending sideways over the past few months as traders, speculators, hedge funds, and users of oil wrestle with a rapidly changing environment. While the price action has been moving lower over the past few ... Read the Full Story |
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Markets | |
Investors Run To Cash, S&P 500 Enters Reversal
We recently saw a headline that made us ask “what?!?” because it said an uptrend in the S&P 500 (NYSEARCA: SPY) had been confirmed. Our take on the market is that not only has the near-term downtrend in the S&P 500 been confi... Read the Full Story |
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Consumer Discretionary | |
The TJX Companies Beats And Raises On Strong Results
The TJX Companies (NYSE: TJX) proves that it is not all doom and gloom in the retail sector. While the front-line retailers like Target and Walmart are struggling with growth and margins the off-price retailers like The TJX Companies are comin... Read the Full Story |
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Technology | |
Shares of Nvidia Corp (NASDAQ: NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and th... Read the Full Story |
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Friday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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