Good MorningThe May CPI data confirmed our worst fears. The FOMC has lost complete control of inflation and is on track to bring on an economic winter. The May CPI not only came in hot from the previous month but accelerated versus the expectation inflation has peaked. The data puts the idea of Peak Inflation to rest and we don't think this is the end of the story. WTI is on the rise and driving systemic inflation throughout the system. If anything, consumers should expect to see prices continue to rise at a high-single-digit rate well into the end of the year.
Last week, the S&P 500 confirmed a full reversal in the market. The index fell from the key resistance level of 4,100 and sed more than 6.5% for the period. The next target for support is 4,900, if this level does not hold up there is a very high probability the S&P 500 will see the 2,800 level before it sets a new all-time high. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
The Stitch Fix Growth Story Comes Apart At The Seams
Stitch Fix (NASDAQ: SFIX) has been an interesting growth story but one that is coming apart at the seams. The pandemic, the stimulus, and the channel shift to eCommerce that ensued helped to extend the company’s track record but ultimate... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Technology | |
Atlassian (NASDAQ: TEAM) stock is down over 60% over its high. Atlassian is a software company based out of Sydney and San Francisco. It produces products that help software developers, project managers, and other software development-related teams. They cater to three markets: Agile and DevOps, I... Read the Full Story |
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Markets | |
How High Will Interest Rates Go This Year? To Record Levels
If you are wondering where interest rates (NASDAQ: IEF) are going this year or how high they might go the best answers we can give is a lot higher. Not only is the FOMC poised to begin aggressively hiking rates this week but the fundame... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Healthcare | |
Cloud-based healthcare community platform Doximity (NASDAQ: DOCS) stock may be put in a bottom as its trades down (-35%) for the year. Digital-first Doximity membership includes over 80% of U.S. doctors and 50% of all nurse practitioners and physician assistants. The Company added scheduling to it... Read the Full Story |
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Industrials | |
Solar energy systems and solutions provider SunPower (NYSE: SPWR) stock is relatively outperforming the benchmark indexes being down (-16%) year-to-date. Despite the falling share price, revenues are seeing a 41% growth trajectory amidst rising energy prices. SunPower owns a 41% market share among... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Staples | |
The Analysts See Significant Upside In These Stocks
The times, they are a-changing, and that means you’re investing strategy needs to change with it. While the analysts are downgrading and lowering price targets left and right due to inflation fears and the growing threat of recession that... Read the Full Story |
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Energy | |
Inflation came in hotter than expected in May, as food, energy, and shelter costs put upward pressure on prices. Inflation has been high for the year and could continue to run on the high side for several more months. Regardless, an inflationary environment is likely to continue for much longer in... Read the Full Story |
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Consumer Discretionary | | Electric vehicle maker NIO (NYSE: NIO) has had a nice rally in recent weeks, with shares moving up as much as 70% from their post-pandemic lows of last month. There’s still a lot of ground to cover before they’re back at last year’s all time high, but at least they’re moving ... Read the Full Story |
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Technology | |
HubSpot (NYSE: HUBS) is one of the leaders in the CRM space. But like other tech companies, its stock price has been severely discounted. The selloff in HubSpot’s share price has been seen by some analysts as a correction towards a more realistic valuation. At its peak, the company was tradi... Read the Full Story |
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Technology | | Just when you might have been starting to think the low was in for shares of e-signature tool DocuSign (NASDAQ: DOCU), they go and do something silly. Shortly after the bell rang to end Thursday’s trading session, they released their Q1 earnings report which was both wide of the mark and beari... Read the Full Story |
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Monday's Early Bird Stock Of The Day American Eagle Outfitters, Inc. operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands. It also offers menswear products under the Todd Snyder New York brand; and fashion clothing and accessories under the Unsubscribed brand. The company sells its products through own and licensed retail stores; concession-based shops-within-shops; and digital channels, such as www.ae.com, www.aerie.com, www.toddsnyder.com, and www.unsubscribed.com. American Eagle Outfitters, Inc. was founded in 1977 and is headquartered in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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