Good MorningEquities began to rebound last week but we wouldn't call it a rally just yet. The S&P 500 moved up off of the recent low and closed above the 4,100 level but there is still risk ahead. The takeaway for the market is that, with a cloudy outlook for Q2 and 2nd half earnings and the summer season fast approaching, the adage of Sell In May and go away may be the best advice for investors. Any upswing in prices will most likely be met by selling that will cap gains and keep the S&P 500 range-bound until the fall.
The hurdle for the market next week will be the economic data. There is a raft of data including PMI, ISM, Factory Orders, and the Fed's Beige Book on top of the monthly labor data. As a whole, the data should indicate slowing and sluggish economic activity in the face of tight labor markets and rising inflation, otherwise known as stagflation. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Discretionary | | Speaker and audio products maker Sonos, Inc. (NASDAQ: SONO) stock has fallen (-26%) for the year selling off with the rest of the bear market. The audio products maker continues to grow both top and bottom lines. Stay-at-home mandates and lockdowns spurred growth in home theater and entertainment au... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Markets | |
Follow The Upgrades To These Stocks
When we began working on this post the idea was to write up the three most upgraded stocks so far in Q2. Things changed, however, when we discovered that the three most upgraded stocks in Q2 are all energy stocks. In fact, energy stocks hold the top four (4) p... Read the Full Story |
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Markets | |
On the hunt for dividend stocks with high yields? If you are, one of the easiest ways to choose is to look at a list of solid high-dividend stocks to add to your portfolio. However, if you want to add to your portfolio, it's worth considering a few things, such as the definition of high-yield divi... 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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Markets | |
HIbbet, Inc Pulls Back Despite Rosy Outlook
Hibbet, Inc (NASDAQ: HIBB) shares are pulling back nearly 10% in premarket action after what we consider to be a rosy report. While the Q1 results are mixed and earnings are below expectations the guidance is positive and accompanied by some news we (a... Read the Full Story |
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Technology | |
Buy now and pay later purchase financing provider Affirm (NASDAQ: AFRM) stock is rebounding after bottoming out at $13.64. The buy-now-pay-later (BNPL) platform had a very negative sentiment heading into its fiscal Q3 2022 earnings release on the heels of weak performances from Block (NYSE: SQ) an... 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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Consumer Discretionary | |
Airbnb, Inc (NASDAQ: ABNB) has been punished for being both a tech stock as well as for being in the tourism industry. Its price was sold off heavily following the announcement of the pandemic and was sold off yet again in December last year when the valuations of many tech stocks cratered. The st... Read the Full Story |
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Markets | |
RBC Bearings Recovery Gains Momentum
RBC Bearings (NASDAQ: ROLL) is not a large company but its FQ4 results are among the most important at this stage in the earnings cycle. The company makes ball bearings and ball bearing components which isn’t very exciting until you think about all the ... Read the Full Story |
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Retail/Wholesale | |
Dollar stores are on fire, but does the post-earnings rally have legs?
Shares of Dollar General (NYSE: DG) and Dollar Tree (NASDAQ: DLTR) are rallying the day after both companies reported strong earnings. In late-day trading, DLTR stock was leading the NASDAQ index with a 21% gain. For its own ... Read the Full Story |
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Markets | |
Are dividend stocks passive income kings? Yes! However, there are a few other types of investments that might fit your needs as well, in addition to dividend investing. Let's take a look at a few different options for passive investment besides dividend stocks.
We'll walk through different types ... Read the Full Story |
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Retail/Wholesale | |
Genesco Guides Higher But Fails To Impress
Genesco, Inc (NYSE: GCO), owner of brands like Journeys and Schuh, has proven its place in post-pandemic retail. The company’s brand position and omnichannel offering have it set up to outperform many of its mall-based competitors but there is a p... 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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