Good MorningThe rebound in equities faltered on Monday and for good reasons. Not only is there a key read on inflation due out at the end of the week but the price of oil is rebounding. The price for WTI gained more than 2.5% at the height of the session to top $111.75 on its way back to the short-term moving average at $113.37. If the market gets above that level we see the price of WTI moving up to retest and possibly set a new all-time high and drive inflation to new levels. In regards to inflation, the PCE price index is due out on Thursday and it is expected to be hot. The core PCE is expected to accelerate a tenth to 0.4% on a month-to-month basis and drive the YOY gain to over 5.0% to put even more pressure on the FOMC to act.
The latest read on the FOMC is that a 75 basis point interest rate hike will come in July and another one is likely in August. This will put rates at 3.0% to 3.25% by the middle of summer versus the end of the year as was predicted just a month ago. If the PCE data is hotter than expected it is likely the FOMC will increases rates at an even more aggressive pace and potentially throw the economy into a lengthy recession. Featured: He started with $2,000. Now he's at $3 million. (Ad) 
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Markets | | Polestar (NYSE: PSNY) is a Swedish electric car maker, which is a part of the Volvo group. The company went public through a special purpose acquisition company (SPAC) with The Gores Guggenheim Group. The stock is up over 20% from its IPO and may continue to increase on positive results from the co... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Technology | | Digital operations management platform PagerDuty, Inc. (NYSE: PD) stock has outperformed the technology bear market down just (-18%) on the year. The digital ecosystem management platform enables enterprises to manage and analyze digital applications in real-time using artificial intelligence (AI) a... Read the Full Story |
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Technology | | Cybersecurity provider SentinelOne (NYSE: S) stock has fallen (-44%) year-to-date in the technology bear market despite its triple digit growth. The cloud-based cybersecurity provider provides artificial intelligence (AI) based protection for endpoints, cloud, and identity, which are areas offering ... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Communication Services | |
It’s been a challenging year to be a stock picker. With the Nasdaq Composite down 27% year-to-date, winners have been few and far between.
The same goes for the Nasdaq-100, the Composite’s large-cap subset of non-financial, mostly growth-oriented names. Through June 24th, all but 16 ... Read the Full Story |
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Materials | |
Pricing No Deterrent To H.B. Fuller Results
H.B. Fuller (NYSE: FUL) has proven to be inflation-proof if nothing else. The company manufactures adhesive chemicals for 3 end markets and the demand is high despite a series of pricing increases. The pricing increases are coupled with volume growth a... Read the Full Story |
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From Our Partners | | Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experiment called Project Prophet - and documented everything on film.
Rooted in the laws of physics, this quantitative approach challenges conventional wealth-building wisdom. With 17 years of verified data behind it, Porter calls it unlike anything he has seen in nearly 30 years in the business. | | Watch the full investigation and decide for yourself |
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Technology | |
Don’t Expect Too Much From Accenture’s Rebound
Accenture’s (NYSE: ACN) FQ3 results and guidance were enough to spark a rebound in the stock but we aren’t betting heavily on it. The company’s guidance is good but the economic headwinds continue to mount and there are... Read the Full Story |
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Industrials | |
FedEx Soars On Guidance, Outlook Capped By Headwinds
Shares of FedEx (NYSE: FDX) soared in the wake of the Q4 earnings and they look like they will move even higher but the gains will likely be capped at the all-time high. While the company’s guidance for fiscal 2023 is well above expectat... Read the Full Story |
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Consumer Discretionary | |
The Analysts Raise Carmax Price Target
Carmax (NYSE: KMX) stock is geared for higher prices, the question is how high will they go? While the Q1 results were better than expected, several factors will weigh on share prices in future reporting periods. The first factor is a decline in YOY retail ... Read the Full Story |
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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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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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Tuesday'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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