Good MorningEquities face an important hurdle today in the form of the Consumer Price Index. The CPI data is expected to moderate from the previous month but remain high and in favor of aggressive FOMC action. The obvious risk for the market is the data will be hotter than expected, the real risk is that CPI data no longer matters. It is clear to the market that inflation is out of control and will continue to rise over the next several quarters at a very robust pace. In this light, the FOMC can be expected to hike rates for an open-ended amount of time and alter the face of the economic world for the next decade or longer. In this scenario, the market is set up for a fall and will most likely retest 3,900 on the S&P 500 within the next week.
Next week, the risk for the market will be the FOMC meeting. The FOMC meeting should bring a 50-basis point interest rate hike with the possibility the timeline for follow on rate hikes will be accelerated. The takeaway is that without some major change to the economic fundamentals (and we don't see one coming) the S&P 500 will spend the next few years recovering from the pandemic and nearly 15 years of easy money policy. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Staples | |
Value And Yield Is Why Campbell Soup Company Will Outperform
The Q3 report from Campbell Soup Company (NYSE: CPB) is a good reason why the Consumer Staples Stocks will outperform over the next 12 to 24 months. The key takeaway from the report is that inflation is still rising but the company has... 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.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Technology | | Enterprise hybrid multi-cloud computing platform Nutanix (NASDAQ: NTNX) stock was a unicorn on its IPO but has plunged like a rock down (-47%) on the year. The virtualization platform is benefitting from the acceleration of enterprise digital transformation and multi-cloud operating models. The Comp... Read the Full Story |
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Markets | |
Do dividend stocks actually beat inflation?
Dividend investors have seen dividends encompass about 40% of all stock market returns since 1930, according to Fidelity. Stocks such as the Dividend Kings or Dividend Aristocrats, which increased their dividends the most, outperformed the broad market... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Consumer Discretionary | |
The Analysts Lend Support To Ollis Bargain Outlet
Ollies Bargain Outlet (NASDAQ: OLLI) is one of the better-positioned discount chains so we’re not surprised to see the institutions rotating into the stock. The institutional activity has been mixed on a quarter to quarter basis over the la... Read the Full Story |
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Consumer Staples | |
Oil-Dri Corporation Recaptures Lost Margin, Price Hikes On The Way
We’ve liked Oil-Dri Corporation (NYSE: ODC) as a small-cap dividend payer for a long time and the value has only gotten better. The company’s margins took a hit over the past year that helped drive the share price to t... 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.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Communication Services | |
Netflix (NASDAQ: NFLX) has been in the news lately along with Roku (NASDAQ: ROKU), with rumors of Netflix acquiring Roku. Both the companies have witnessed significant declines (-70%) in their stock from their 52-week high, as intense competition and a slowdown in revenue weighs on the stocks.
F... Read the Full Story |
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Markets | |
Inflation Is Out Of Control, And It’s Not Getting Fixed
It doesn’t matter if the May CPI data is hot or not, if it shows a peak or not, because high inflation is here to stay for a while and it may even accelerate in the back half of the year. The FOMC, the agency in charge of econom... Read the Full Story |
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Technology | | After a lackluster first half to the year, it’s looking like shares of MongoDB (NASDAQ: MDB) are finally ready to turn around and start heading north. For investors who’ve been involved since at least last year, it’s about time. They’ve had to watch their positions fall close... Read the Full Story |
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Industrials | |
Chargepoint Opening Points:
-Revenue increased by 102% Y-o-Y.
-Network charging revenue grew by 122% and subscription revenue grew by 63%.
-Chargepoint has over 188,000 total charging stations across North America and Europe.
Chargepoint (NYSE: CHPT) is an American electric infrastructure comp... Read the Full Story |
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Markets | |
It Is Not Too Late To Buy Energy Stocks
If you are wondering about oil prices, the energy market, and whether it's too late to buy Energy Stocks (NYSEARCA: XLE) we’re here to tell you no. Absolutely not. There are too many fundamentally bullish factors at play that we see Energy Stocks lea... 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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