Good MorningThe sell-off in equities took on a new dimension on Monday with the S&P 500 falling nearly 4.0% by the end of the day. The move not only confirms the greater market reversal that is in play but the lowest targets for the bottom which are near the 2,800 level. With the sell-off gaining momentum and no changes to fundamentals in sight, investors should view any upward movement in price action as an opportunity to sell.
The next big moves may come later in the week after the FOMC announces the next policy change. The committee is expected to hike rates by at least 50 basis points and there is a growing risk it could be more. Even if the Fed only raises rates by 50 basis points this month, there is a near certainty a 75 basis point interest rate hike will come in July. The takeaway for equities is the cost of borrowing money is on the rise in the face of rising input costs and both are squeezing margins. Featured: The case for trading fewer setups, not more (Ad) 
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Business Services | |
NortonLifeLock (NASDAQ: NLOK) has been on a transformative journey since its acquisition by Broadcom Inc (NASDAQ: AVGO) in November 2019. Broadcom rebranded the company’s consumer antivirus product segment to NortonLifeLock while retaining the Symantec brand's rights for its enterprise cloud... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Markets | |
The Bottom Is In For Cloud-Stock Oracle
Oracle’s (NASDAQ: ORCL) Q4 results were fantastic and indicate a bottom is in for the stock. This news is being hailed across the cloud-computing industry as the sign of a broader bottom but we don’t think you should read too much into the news... Read the Full Story |
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Industrials | |
Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten scorched trading down (-44%) for the year. The leading turnkey comprehensive hydrogen fuel cell (HFC) solutions provider’s shares rode the clean energy and ESG hype reaching a high of $75.49 in January 2021 bef... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Technology | |
Semiconductor testing equipment maker Applied Materials (NASDAQ: AMAT) stock has been a dependable gauge on the chip sector. The Company is right in the middle of the global chip shortage and supply chain disruptions. Bolstering the supply chain is a top priority. The fiscal Q2 2022 quarter missed... Read the Full Story |
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Business Services | |
For a lot of people, recalling the last time a purchase was made with a check or cash is a challenge.
Nowadays digital is the norm when it comes to sending and receiving money. Convenience and security are two big reasons why so many of today’s transactions occur online.
When the pandemic ... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Retail/Wholesale | |
Institutions Shed Five Below In Q2 2022
The institutional activity in Five Below (NASDAQ: FIVE) has been vigorous over the past year and reaching a crescendo in Q2 2022. The gross activity over the past year is worth $4.18 billion in shares which is worth nearly 60% of the current market cap but... Read the Full Story |
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Markets | |
John D. Rockefeller once said, "Do you know the only thing that gives me pleasure? It's to see my dividends coming in."
Just like Rockefeller, do you enjoy the idea of investing for dividend returns?
When you invest with dividends in mind, you expect to receive returns for your dividends. Howe... Read the Full Story |
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Retail/Wholesale | |
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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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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Tuesday's Early Bird Stock Of The Day Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. | | View Today's Stock Pick |
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