Good MorningEquities fell for an 8th week last week and are heading lower. The S&P 500 confirmed a major reversal in price action when it dropped below 4,100 and then moved on to set a new low at the end of the week. The next catalyst for index movement will come on Wednesday with the release of the FOMC minutes which are expected to reveal a very hawkish Fed. Later in the week, the PCE price index will come into focus and we expect it to be a hot one. Based on the latest comments from Fed chief Jerome Powell, we think the number could increase the odds of a larger 75 basis point interest rate hike at the June meeting.
With the index in freefall, it seems the market has taken the adage "sell in May and go away" to heart. This means the summer season could be volatile and any movements should be viewed with skepticism, especially upward movements. The next major signal for the market won't likely come until the end of the summer when the institutional money and professional traders come back from vacation. Featured: My Deep Cut Pick Before Anthropic's IPO (Ad) 
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Consumer Discretionary | |
BBY stock is not easy to slot into one specific category
Best Buy (NYSE:BBY) is expected to be one of the more closely watched stocks this week. The company reports earnings after the market closes on Tuesday, May 24. This has been a lousy earnings season for most retail stocks. And the forecast... Read the Full Story |
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Technology | |
Some of the biggest names on the NASDAQ have been sold off in a sector rotation that’s still being felt today. These companies included bluechip FAANG stocks such as Google, Meta, and others. Investors piled into the technology sector once they saw tech companies soar during the pandemic wit... Read the Full Story |
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Technology | |
Yandex N.V (NASDAQ: YNDX) has caught the ire of the West in response to Russia's invasion of Ukraine. After being accused of suppressing free speech and spreading misinformation about conflict, Yandex's second in command, Tigran Khudaverdyan was sanctioned and has since stepped down from his posit... Read the Full Story |
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Markets | |
Dividend investing sounds perfect, right? You invest in a few stocks, then the company regularly pays you money as a reward for your investments. You might receive returns from your dividends annually, quarterly or even monthly.
Money will roll directly into your pockets or will be reinvested. I... Read the Full Story |
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Markets | |
These Retailers Gave Positive Guidance For 2022
The takeaway from Q1 earnings for the retailers (NYSEARCA: XRT) is slowing growth and margin compression. Those factors have the sector down across verticals but not all retailers are feeling the same pain. Companies like Footlocker, V.F. Corporatio... Read the Full Story |
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From Our Partners | | After the Dot-Com Bubble burst in March 2000, the Nasdaq fell 78% over the following decade. But gold staged a historic bull run, and select miners delivered gains of 50X, 53X, 252X, and even 362X.
Garrett Goggin, CFA, CMT and founder of The Golden Portfolio, has spent over 20 years studying these market rotations, including 15 years working alongside gold analyst John Doody. He's identified four gold miners positioned for the next rotation out of AI stocks. | | See Garrett Goggin's four gold miner picks before the next rotation begins |
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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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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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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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Monday's Early Bird Stock Of The Day Under Armour, Inc., together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications. In addition, the company provides accessories, which include gloves, bags, headwear, and socks; and engages in brand licensing, digital subscription, advertising, and other digital business activities. It primarily offers its products under the UNDER ARMOUR, ARMOUR, HEATGEAR, COLDGEAR, HOVR, UA, PROTECT THIS HOUSE, I WILL, ARMOUR FLEECE, and ARMOUR BRA brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through Brand and Factory House stores, as well as through e-commerce websites. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company was incorporated in 1996 and is headquartered in Baltimore, Maryland. | | View Today's Stock Pick |
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