Good MorningEquity markets held steady for a third-straight trading day despite the release of the FOMC minutes. In the minutes, the FOMC indicated both the potential for a "more restrictive" policy and the negative impacts of the same. The takeaway is that, if the pace of inflation does not subside appreciably, the FOMC could enact another or possibly two more 75 basis point interest rate hikes before the end of the year.
The next week of trading days will be tough for the market. Between economic data and the onset of the Q2 earnings reporting season, there are a handful of catalysts capable of moving the market lower. The first and possibly least important is the NFP data due on Friday. That will be compounded the next week, however, with both the CPI and PPI reports as well as the Retail Sales figures. In our view, investors should expect CPI and PPI to trend at or near their current levels and retail sales to fall on a YOY basis, and possibly at a faster pace than last month. Featured: Sell these "safe" blue chips immediately (Ad) 
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Energy | |
When it comes to investing styles, growth, and value are the OG’s. The advent of factor investing has added many more to the mix but growth and value remain popular ways for institutions and individuals to evaluate stocks.
Growth can be defined in any number of ways that suit the investor's... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Industrials | |
Capitulation In Kornit Digital Market Could Lead To A Rebound
Kornit (NASDAQ: KRNT) appeared to be perfectly set up for the times but the times changed too quickly and that story is played. The company manufactures, markets, and services a range of digital printing applications for the textile a... Read the Full Story |
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Healthcare | | Healthcare ecosystem management platform developer Phreesia (NYSE: PHR) stock is sunk (-40%) on the year. The Company caters to small to medium sized physician offices with a cloud-based software as a service (SaaS) platform that optimizes workflow and operation efficiency. It’s automated tool... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | | Luxury fashion brand retailer Capri Holdings Limited (NASDAQ: CPRI) stock has fallen (-37%) for the year. With high end premium brands like Versace, Michael Kors, and Jimmy Choo, Capri Holdings caters to the higher-income demographic. It’s high-end consumers are helping drive double-digit sal... Read the Full Story |
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Consumer Staples | |
Don’t Count On A Pullback For Grocery Outlet Holding Corp
If you are waiting for a pullback in Grocery Outlet Holding Corp (NASDAQ: GO) you may be in for a disappointment. While the stock is trading at a very high valuation for today’s times it is among the most perfectly positioned ... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Energy | |
Two Undervalued Energy Stocks With Fresh Upgrades
The energy market has been in a correction along with the broader market-driven by fears of recession. While the fear of recession is not misplaced, the idea that oil prices are going to fall back anywhere the prepandemic level, or that demand wi... Read the Full Story |
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Finance | |
The Analysts Upgrade Three Cheap Stocks With Double-Digit Potential
Now that the S&P 500 (NYSEARCA: SPY) has corrected about 20% the stock market is starting to look cheap again. While we think the broad market still has a ways to go before hitting bottom there are some stocks and sectors ga... Read the Full Story |
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Consumer Discretionary | |
It may seem like an ongoing question: to buy stocks from China or not? The No. 1 worry on your list of worries might be the going-down-the-tubes China-U.S. relationship, and Chinese firms risk delisting by the Securities and Exchange Commission (SEC). Should you risk investing in them anyway?
Cer... Read the Full Story |
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Consumer Staples | |
Not All Stocks Are Getting Downgraded In Q3
Oh, the times, they are a-changing. Not only is the outlook for S&P 500 earnings growth diminishing but the analyst are becoming more defensive by the day. The latest round of commentaries contains no few downgrades and price target reductions but ... Read the Full Story |
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Markets | | Women’s handbag and fashion accessories brand Vera Bradley (NYSE: VRA) stock has stumbled (-48%) on the year. Business was impacted by inflationary pressures, logistics costs and rising fuel prices causing revenues to come in light in its fiscal Q1 2023 earnings. The Company suffered a net los... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration. It also provides ActiveScale Object Storage Software that scalable and durable storage for long term data preservation and protection; DXi Backup Appliances to build backup appliances for high-speed backup and recovery and multisite data protection; and Scalar Tape Storage that secure storage for long term data archiving and offline data protection which are used by hyperscalers and enterprises. In addition, the company sells linear tape-open (LTO) a tape drives for small business data protection and archiving; and LTO media for use in tape storage systems. Further, it offers global support, managed services, customer support agreements, software subscriptions, installation, education, and consulting and training services, as well as Quantum-as-a-Service. The company sells its products through a network of distributors, value-added resellers, direct marketing resellers, original equipment manufacturers, and other suppliers, as well as directly to corporate entities and government agencies. It has a partnership with Tiger Surveillance to deliver end-to-end solutions for long-term retention and archiving of video surveillance data. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California. | | View Today's Stock Pick |
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