Good MorningEquity markets tried to claw their way higher on Monday but the gains didn't hold. The S&P 500 closed the day up slightly but well off of the highs and once again confirmed the presence of resistance near the 4,100 level. This resistance may cap gains for the foreseeable future given the amount of uncertainty in the market and there is downside risk as well. The PCE Price index is due out on Friday and may send the market into another tailspin. While headline inflation is expected to accelerate under the forces of higher energy prices, core inflation is expected to moderate but both are forecast to be very high on a YOY basis.
The takeaway is that inflation is running more than double the Fed's target rate and has been for a year. At this pace, prices are rising at a double-digit clip in the two-year comparison and eroding consumer spending power every minute. The FOMC has promised to act, albeit late, and will raise interest rates by at least 50 basis points at their meeting next week. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Technology | |
Volatile movement around earnings is playing to the advantage of institutions
In what is becoming a pattern this earnings season, shares of CrowdStrike (NASDAQ:CRWD) fell the day after the cybersecurity company posted a better-than-expected earnings report. CrowdStrike reported earnings of 31 ce... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Markets | | Telehealth software company Teledoc Health (NYSE: TDOC) stock has collapsed from a post-pandemic high of $308 in Feb 2021 to a recent low of $27.38 in May 2022. To call this a tragedy for investors at the top would be an understatement. However, shares were trading in the $9s pre-pandemic in 2016. T... Read the Full Story |
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Technology | | Online advertising measurement firm DoubleVerify (NYSE: DV) stock has fallen (-36%) from its IPO highs in 2021. The bear market sell-off was brutal on the enterprise digital media monitoring platform. However, the Company has been grew at 43% in its record Q1 2022 top line and raised its fiscal 2022... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Staples | |
The Analysts Bring Dividend Stocks Into Focus
We like the Consumer Staples sector there is no secret about that. The sector offers steady revenue and earnings growth, reliable dividends, and very often distribution growth that comes with decades of history to back it up. In today’s times, w... Read the Full Story |
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Markets | |
Now is an ideal time to get some exposure to precious metals
Investors are trying to find growth wherever they can. Right now, that means commodities. This goes beyond the price of oil and the rising prices at the gas pump. The Russian invasion of Ukraine is leading to skyrocketing wheat prices.... Read the Full Story |
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From Our Partners | | A 20-minute read could change how you approach your next options trade. Chris Pulver is giving away his guide, Right About The Market, Wrong About The Money, free of charge.
Built from two decades of trading experience, the guide tackles a common problem: losing a trade even when your market call was correct.
No cost, no catch, just a packed resource for options traders who want a sharper edge. | | Click here to get your free copy of the guide |
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Technology | |
Datadog (NASDAQ: DDOG) is one of the market’s most successful cloud monitoring companies. It caught the attention of billionaire money managers and hedge funds last quarter with Ken Griffin's Citadel Advisors, Overdeck and Siegel of Two Sigma, and Israel Englander's Millennium Management sho... Read the Full Story |
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Finance | |
Six months ago, Affirm Holdings, Inc. (NASDAQ: AFRM) was all the rage. Growing adoption of the company’s buy-now-pay-later (BNPL) technology and a partnership with Amazon.com pushed the stock as high as $176.65.
Soon thereafter, the market started to put high-growth, unprofitable companies... Read the Full Story |
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Technology | | Network communications giant Cisco Systems (NASDAQ: CSCO) stock has finally been selling off despite strong top and bottom line growth. The networking leader gained solid traction with its 400 gig solutions. Solid demand was spread across most if its portfolio including SP routing, wireless, securit... Read the Full Story |
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Technology | |
-CrowdStrike’s revenue in the first quarter increased 62% Y-o-Y to $1.92 billion, of which $192 million was new ARR revenue. Non-GAAP earnings per share came in at 31 cents per share, versus an expected 21 cents per share by analysts.
-GAAP net income loss came in at $23.9 million for the y... Read the Full Story |
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Industrials | |
Ryder System, Inc Moves Up On Results And Outlook
Ryder System, Inc (NYSE: R) may be the most interesting plays in logistics today. Not only is the company operating in what we view as the three most important segments of the industry but it is grossly undervalued and pays a high yield for the i... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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