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: Elon’s big $266,000 per second purchase (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 | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Technology | | 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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Consumer Discretionary | |
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 | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Finance | |
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 | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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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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Transportation | |
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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Auto/Tires/Trucks | |
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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