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: Last week's stock pick was quite popular... (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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The Ultimate Day Trading Cheatsheet distills that edge into 7 pages, including 23 Golden Rules and a specific trade setup with a reported 94.2% win rate. It's available at no cost. | | Download your free copy of the Ultimate Day Trading Cheatsheet now |
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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 | | If a stock trades at $300, most investors assume they need $300 per share. Sean Allison says that assumption may be costing you opportunities.
He's running a free training called the Zero-Dollar Trade Advantage, walking through a strategy for traders who've passed on positions simply because the price seemed out of reach. | | Reserve your seat now and rethink how you approach capital requirements |
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Consumer Staples | |
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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Basic Materials | |
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 | | After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to trigger the next crash. The research firm Bernstein Research said this AI company has the power to crash the global economy for a decade, the CEO just issued a CODE RED in an internal memo warning employees they're dealing with a critical situation, and another company executive even implied they might need a government bailout. The last time I saw something like this was in 2008 when I predicted a stock market meltdown just three weeks before Lehman went under. | | See the five simple steps to prepare before it's too late |
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Consumer Discretionary | |
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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Finance | |
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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Auto/Tires/Trucks | |
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 Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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