Good MorningThe equities markets began to rebound last week but investors are urged not to read too much into the move. The move is due more to a lack of news than a change in fundamentals and will likely result in another selling opportunity as the Q2 earnings reporting season draws near. The first major reports of the season are already in but the peak of the cycle won't come for two more weeks when the Big Banks report. Between now and then, however, is a major economic hurdle in the form of the PCE price index and it is expected to be a hot one. If the market can not rationalize the data the major indices could easily reverse last week's gains.
Turning to the chart, the S&P 500 closed the week below a major resistance target near 3,950. This target is coincident with the short-term EMA and the mid-point of a downsloping channel and it could easily cap gains in the near to short-term. If the market can not get above this level, it may not matter how cool the PCE price index or hot the earnings turn out to be.
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Finance | |
Bear markets are times of uncertainty for investors as the market resets its parameters and preferences to determine stock values. While top-line growth momentum and high expectations are relished in bull markets, it get replaced by tangible value and stability during bear markets. The most tangib... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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Technology | | Video communications platform Zoom Video (NASDAQ: ZM) stock has been trading down (-36%) for the year but is staging a rally. The popular video teleconferencing platform has been a top benefactor during the pandemic as COVID lockdowns skyrocketed its top line and share price. The spread of COVID vac... Read the Full Story |
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Consumer Discretionary | | -GMS beat earnings estimates by 12%, with earnings-per-share (EPS) coming in at $2.09. -Net came in at $1.288 billion, an increase of 38% y-o-y.-Backlogs continue to provide support to demand.GMS Inc. (NYSE: GMS) is a leading distributor of construction products and provides commercial and residenti... Read the Full Story |
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From Our Partners | | TradeSmith CEO Keith Kaplan warns that AI's rapid rise has a dark side, threatening American jobs and livelihoods. He says now is the time to prepare before August 31st.
TradeSmith has invested $17 million in AI tools and built a platform used by 180,000 traders worldwide. One user, Stephen, credits it with building a $2.95 million retirement portfolio. | | See where Kaplan says to move your money before August 31st |
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Technology | |
-Blackberry reported Q1 earnings, and despite beating analyst estimates, the stock continues to struggle.
-Net profit was -$181 million, or -$.35 per share.
-Revenue fell by 3.4% y-o-y to $168 million.
-Software and services revenue grew by 9% y-o-y to $164 million.
-Blackberry’s stock i... Read the Full Story |
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Markets | |
Can you get the best of both worlds? Growth stocks and dividend stocks, combined? The answer is yes. However, you may want to keep your efforts separate as well. If you are looking to create wealth with a longer time horizon, growth stocks may allow you to enjoy lengthier returns. If you prefer a ... 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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Markets | | Adaptive network solutions provider Ciena Corporation (NYSE: CIEN) stock has lost (-43%) in the 2022 bear market falling for 11 straight weeks. The optical fiber maker is instrumental in the deployment of 5G infrastructure and growth in wireless and accelerated cloud adoption at the edge of the netw... Read the Full Story |
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Materials | |
Copper prices are down around 20% from their recent high.
Despite the correction, copper stocks should continue to benefit as prices remain elevated
Demand continues to be for renewables and electric vehicles
Copper outlook
Recession continues to play on the minds of investors globally. A... Read the Full Story |
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Healthcare | | Commercial stage global biotech company Zai Lab (NASDAQ: ZLAB) stock has cratered (-82%) from a 52-week high of $178.91. The biotech generates revenues from licensing established medications to market in China in addition to its own cancer treatment pipeline of medications. The model of licensing dr... Read the Full Story |
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Industrials | |
Steelcase Moves Higher On Pricing Power
Steelcase (NYSE: SCS), a maker of office and industrial purpose furniture, has been struggling over the past few years but those times are changing. Postponed demand and a return to in-person operations at many businesses have reinvigorated the company and... Read the Full Story |
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Industrials | | -Reported net sales of $1.5 billion for the first quarter during the fourth quarter.-Net earnings came in at $80.3 million, or $1.61 per diluted share.-Despite inventory holding losses, Worthington continues to produce strong results as the building and consumer products segments outperformed.-Worth... Read the Full Story |
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Monday's Early Bird Stock Of The Day Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites. It also engages in licensing agreements to the manufacture and sale of watches, jewelry, eyewear, and fragrances. The company was formerly known as Michael Kors Holdings Limited and changed its name to Capri Holdings Limited in December 2018. Capri Holdings Limited was founded in 1981 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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