Good MorningThe rebound in equities extended to a fifth day on Wednesday and took the S&P 500 to a 1-month high. The move, while bullish, appears to be losing steam however under the deluge of earnings reports. The earnings reports have been coming better than expected but much of the guidance has been weak. There is a chance the index has bottomed but it looks to us like a retest of the recent lows is brewing.
The latest read on Existing Home sales is another negative for the economy. The pace of existing home sales contracted on a month-to-month basis as prices and interest rates leave prospective buyers out of luck. Today's read of the Index of Leading Indicators may paint a different picture but it looks like the economic contraction that began in the 1st quarter is gaining momentum. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Aerospace | | General Electric (NYSE: GE) has been hit by several downgrades recently, leaving some investors wondering if it represents a good time to buy this stock. General Electric is trading at a 58.2% upside to the MarketBeat consensus price target. This upside was reduced recently with a notable downgrade ... 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 | |
It is shaping up to be an unusual year in the capital markets.
Inflation is as hot as a Manhattan sidewalk, interest rates are rising rapidly, and major stock indices are well off their 2021 highs. This has investors trying to figure out where to hide.
Is cash king in this environment? Yes, it... Read the Full Story |
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Energy | | It’s pretty easy to find stocks in freefall these days, especially in sectors like technology and travel and leisure, but energy giant Exxon Mobil (XOM) is correcting in an orderly fashion.
Before examining its current base, let’s review its performance over recent time frames:
Year... 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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Technology | |
Just like the animal they mimic, bear markets are known to have a wide reach. When the bears take a swipe at elevated stock prices, few names survive.
This year’s bear market attack has spared few industries. High flying technology companies have been especially hard hit by the impact of r... Read the Full Story |
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Technology | |
The Wonderful World Of Stock Screens
We like using stock screens to look for investing ideas, not so much to find new investments but to remind us (after all these years) of good investments and, more specifically, the right investments for the right times. Today’s screen was focused on hig... 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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Technology | | Digital signature cloud company DocuSign (NASDAQ: DOCU) stock has fallen (-60%) and lost its CEO in this year’s bear market. The enterprise e-signature business took an unexpected jolt higher during the pandemic lockdowns as the work-from-anywhere, elastic office, and hybrid workforce trend to... Read the Full Story |
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Energy | |
If you're looking for a company that's not as susceptible to the volatility of oil prices, you may have found your match with ONEOK Inc (NYSE: OKE). ONEOK is a natural gas gatherer, processor and also stores and transports natural gas.
Let's take a quick look at the history and present of ONEOK ... Read the Full Story |
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Energy | |
Energy Transfer LP Gets A Price Target Reduction
Energy Transfer LP (NYSE: ET) just got a price target reduction and we’re glad it did. The news brought the market back into focus and at an opportune time for income investors. The units recently pulled back to support on a correction in nat... Read the Full Story |
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Transportation | |
Earnings Highlights for JB Hunt
The company produced results above expectations with revenue coming in at 31% higher than the same quarter during last year. Revenue came in at $3.84 billion, compared to $2.9 billion the previous year.
Net income came in at $255 million, compared to $172 million ... Read the Full Story |
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Basic Materials | |
It’s Not Too Late For Income Investors To Buy Cal-Maine
Cal-Maine (NASDAQ: CALM) is an interesting income stock due to the nature of the payout. The company has a very strict capital return program that only allows a dividend when the company is turning a profit, which can be intermittent. ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day NextPlay Technologies, Inc., a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company operates through three segments: Media, FinTech, and Travel. The Media segment provides HotPlay games studio, a game development studio that develops a range of casual games; HotPlay redemption mobile application, a digital wallet that is used to collect the HotPlay IGA rewards; HotPlay In game advertising and rewards platform, that enable advertisements and rewards to be inserted in game; goPlay platform, a gamification platform for users to compete against each other through tournaments and challenges, as well as a reward platform that rewards users for their continued loyalty and continuous game; and Zappware, a TV as a Service platform, which includes media source ingest, encoding and transcoding, packaging, protection, delivery, playback, and analytics that provide telco operators for their digital media processing, as well as a client side set top box and smart TV middleware platform, associated application framework and corresponding, and supporting content management system. The FinTech segment engages in the development of NextFinTech Platform, an integrated digital financial platform, which offers mobile banking, investments into alternative assets, and insurance to businesses and individuals. The Travel segment offers booking solutions for business and leisure; and travel technology solutions comprising alternative lodging rental properties under NextTrip ConNextions brand. The company was incorporated in 2005 and is based in Sunrise, Florida. | | View Today's Stock Pick |
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