Good MorningThe rebound in equity markets reversed course on Tuesday with the S&P 500 falling more than 2.0% at the low of the session. The move comes on growing fears of margin compression in Q2 and beyond that will result in downward revisions to earnings. Looking at the market from the perspective of earnings, the S&P 500 is valued on the expectation of future earnings power which means a downtrend in EPS outlook will result in a downtrending market. In that light, Tuesday's decline looks like a trend following movement and one that could result in a new low very soon.
The next catalyst for the market, other than unexpected news, will be the PCE price index on Thursday. Even if the index were to cool or even decline the outlook for inflation remains robust. Without some change to the fundamental outlook, the FOMC should be expected to hike rates by 75 basis points at both of the next two meetings. Featured: 25 candidates screened. 5 made it. (Ad) 
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Technology | |
Popular trading app Robinhood hasn’t fared so well as a public company. Nearly a year ago, the stock debuted on the Nasdaq at $38.00 per share. On Friday, it closed at $8.00.
That hasn’t stopped users from scrolling through their phones to grab shares of their favorite companies durin... 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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Finance | | Brazilian point-of-sale (POS) financial technology provider StoneCo (NASDAQ: STNE) stock has fallen (-54%) year-to-date despite triple digit top-line growth. The popular aggregator of electronic and digital payments and e-commerce platform in Brazil not only beat its fiscal Q1 2022 estimates but rai... Read the Full Story |
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Communication Services | |
In 2022, the Dow Jones-30 basement dwellers are a group of companies that typically hang out in the attic.
Conversely, the widely followed benchmark’s leaders include names that struggled to find their footing in the early part of the decade. Chevron’s link to higher oil prices and t... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Markets | |
Goldman Sachs Says 2023 Outlook Too Optimistic
Goldman Sachs analysts Ben Snyder issued a letter to investors echoing a sentiment we share. In his note, he says the 2023 outlook for S&P 500 (NYSEARCA: SPY) earnings is too optimistic given the headwinds facing the economy. Even discounting th... Read the Full Story |
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Markets | |
Dividend stocks for retirement? Yes, you can live off dividends in your golden years. You likely already know that you should put together a robust portfolio in order to have enough money to carry you through your golden years.
But how much do you actually need to save? A number of factors can d... Read the Full Story |
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From Our Partners | | Trump has called an Iran deal close 38 times since the war began, yet the fighting keeps flaring back up.
One day it's a ceasefire, the next it's bombs again. The back and forth may be masking a bigger story most investors are missing.
See the real reason this conflict may never fully end. | | Uncover the real reason Trump may never end this war |
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Markets | |
If you want to invest, can you see results if you buy an ETF for dividend stocks as your goal? Can you purchase an ETF and expect dividend stock returns?
Absolutely. Investing in ETFs is a great way to collect dividend returns on a regular basis and also garner other specific benefits.
Let's fi... Read the Full Story |
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Industrials | |
Follow The Upgrades To 2nd Half Stock Market Winners
A single upgrade is rarely enough to move a stock price very much but a series of upgrades often are. That’s why we like to screen for the most upgraded stocks and what we’ve found today is interesting. Ollie’s Bargain Outlet... Read the Full Story |
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Industrials | |
Well-Positioned Enerpac Tool Group May Move Lower
Enerpac Tool Group (NYSE: EPAC) has been working very hard over the last few years to effect a transformation that appears to be paying off. The company has, despite the pandemic and its many hurdles, been able to grow in the wake of these effort... Read the Full Story |
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Markets | |
Insiders And Institutions Drop The Hammer On Smith & Wesson Brands
If the insider and institutional activity can be used as a guide, it is time to pull the trigger on Smith & Wesson Brands (NASDAQ: SWBI). While neither group has been aggressively buying the stock, buying the stock they ar... Read the Full Story |
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Consumer Discretionary | |
QuantumScape (NYSE QS) is an undeniably a story stock that’s being sold to investors. The story is that the company’s production of innovative solid-state batteries will be used by its partner companies like Volkswagon (ETR: VOW3) and others due to the battery’s faster charging t... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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