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: The case for trading fewer setups, not more (Ad) 
|
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 |
|
From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
|
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 |
|
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 |
|
From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
|
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 |
|
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 |
|
From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
|
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 |
|
Technology | |
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 |
|
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 |
|
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 |
|
Transportation | |
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 |
|
Tuesday's Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
|
