Good MorningEquities slipped on Wednesday following a mad dash for the exits on Tuesday. The S&P 500 fell about 0.25% at the low of the day on fears of slowing economic activity and an earnings recession that could begin as soon as the current quarter. While several reports have come in better than expected the strength is isolated and the signs of economic headwinds are growing. If this trend continues it could lead to a significant revision to the 2nd half outlook that drives the market even lower and that is not the only risk. The PCE price index is expected to come in hot and increase the odds not only of aggressive FOMC action but a major recession as well.
In regards to stocks, the defensive Consumer Staples stock General Mills was among the market's leaders on Wednesday. The stock represents not only a value to investors but a high yield that is backed upped by results. General Mills' 2nd quarter earnings were better than expected and came with an increase in guidance that we think will be echoed across the sector. Featured: Where to Put $100 Before Trump's New Tech Law Rolls Out (Ad) 
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Markets | |
SGH Was A Smart Buy, Now Its A Compelling Value
SGH (NASDAQ: SGH) has been a smart buy for the last two years or so and now the value is as compelling as it has ever been. The company just released Q3 earnings to beat expectations, announced a major acquisition that should be immediately accretiv... Read the Full Story |
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Technology | |
The glass-half-empty view will show that shares of Snowflake (NYSE: SNOW) were trading down as much as 70% from last year’s highs only two weeks ago. They’d been in freefall since May’s earnings report and seemed intent on setting new all-time lows for the rest of the summer. But... Read the Full Story |
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Consumer Staples | |
Here’s why the confectioner deserves a place on your bear market watchlist
As investors look forward to the second-quarter earnings season, they should take a close look at The Hershey Company (NYSE: HSY). The company may deliver a pleasant surprise when it reports earnings in early August... Read the Full Story |
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Consumer Staples | |
High-Quality McCormick & Company Isn’t The Best Defensive Buy
McCormick & Company (NYSE: MKC) is a high-quality consumer staple stock and a healthy dividend payer so it should be a good defensive play for the times. The problem is that McCormick & Company is among the highest-va... Read the Full Story |
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Retail/Wholesale | | Specialty electronics, appliances, and furniture retailer Conn’s (NASDAQ: CONN) stock has lost (-60%) year-to-date in 2022 bear market. Inflationary pressures, supply chain disruption, and rising logistics expenses are some of the headwinds taking the steam out of the regional home products re... Read the Full Story |
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From Our Partners | | AI doesn't run on chips - it runs on natural gas. Analysts are now tracking roughly 100 gigawatts of new behind-the-meter gas generation lining up behind the AI buildout, and on June 22, one of the world's largest energy companies signed a 20-year, 2.67-gigawatt deal to power a single data-center project.
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Consumer Staples | |
Recession Resistant General Mills Rockets Higher Outlook
We’ve been interested in General Mills (NYSE: GIS) for some time now and we couldn’t be happier with the FQ4 2022 results. The company not only beat on the top and bottom line but issued favorable guidance in the face of mounti... Read the Full Story |
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Markets | |
Growing Pains Cut Into Unifirst Results
Unifirst (NASDAQ: UNF) has been working hard to grow its business in an effort to compete more directly with uniform and business services company Cintas (NASDAQ: CTAS). Looking at the top line, those efforts are paying off but it is costing the company on... Read the Full Story |
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Markets | |
Patterson Companies Rockets Higher On Results And Outlook
Patterson Companies (NASDAQ: PDCO) has proven to be very resilient over the past few years both increasing its revenue and earnings power relative to the pre-pandemic period. The company is among the most perfectly positioned for the comi... Read the Full Story |
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Consumer Discretionary | | This isn’t a question that many on Wall Street would have been asking themselves last year, as Nike (NYSE: NKE) spent most of Q4 soaring to all time highs. But as we head into what’s shaping up to be a stormy summer, you can be sure it’s being asked now. Shares of the sportswear ti... Read the Full Story |
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Retail/Wholesale | |
Booking Holdings (NASDAQ: BKNG) is an American travel technology company based out of Norwalk, Connecticut. The company has multiple brands under the holdings company, including Priceline.com, Agoda, KAYAK, and Opentable.
Booking.com and other travel websites have witnessed significant demand r... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Duluth Holdings Inc. sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked. Duluth Holdings Inc. markets its products through its Website, catalogs, and retail stores. As of May 17, 2018, it operated 36 retail stores. The company was formerly known as GEMPLER'S, Inc. Duluth Holdings Inc. was founded in 1989 and is headquartered in Belleville, Wisconsin. | | View Today's Stock Pick |
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