Good MorningThe bear market rally extended itself to a new high last week and it may continue higher in the near term. the rally is driven by news that is not-as-bad-as-expected but the fact inflation is still very high and cutting into economic activity remains. Last week's CPI is the latest culprit coming in cooler than expected but still a hot 5.9% YOY at the core level. At this pace, the market should be expecting the FOMC to continue hiking at an aggressive pace until inflation is at more manageable levels.
This week the market will be faced with another full slate of economic data and reports from a large portion of the retail sector. On the economic front, retail sales top the list but there are several reads coming out of the housing sector and the Index of Leading Indicators as well. The Leading Indicators have been negative for the last three months and could come in negative again. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Technology | |
Diversification is the edge for any portfolio. Rising inflation is impacting discretionary consumer spending. These stocks tend to be good recession hedges by either thriving in a recessionary period or are essential products needed regardless of the economic landscape. The following four companie... 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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Communication Services | | The world’s largest movie theater chain AMC Entertainment (NYSE: AMC) stock has recovered in recent weeks to being down just (-17%) for the year. The pandemic put the movie theater industry on the edge as the epicenter industry faced many bankruptcies with smaller theaters, independent theater... Read the Full Story |
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Industrials | |
Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten a shot in the arm with the passing of the Inflation Reduction Act of 2022. The bill has brought life to renewable energy and electric vehicle (EV) stocks. The provider of hydrogen fuel cell (HFC) turnkey systems miss... 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 Discretionary | |
The institutional support for Foot Locker (NYSE: FL) remains high at 83.4% but there is a trend in the activity investors should be aware of. While institutional support remains high, the institutions have been trimming their holdings of the stock over the past 4 quarters. The institutions have be... Read the Full Story |
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Communication Services | | Digital advertising technology (AdTech) company The Trade Desk (NYSE: TTD) stock took a nosedive when digital advertising networks signaled the slowdown in digital advertising. It’s been a rough two-years for the adtech industry. Apple’s (NASDAQ: AAPL) privacy clampdown and Google&rsquo... Read the Full Story |
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From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Consumer Staples | |
Coca Cola versus Pepsi. Ford versus General Motors. Boeing versus Airbus.
The corporate world is filled with heated rivalries spread across many industries. Like classic sports team rivalries, they capture our imaginations because we can’t resist seeing two well-matched giants battle it out... Read the Full Story |
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Consumer Discretionary | |
Jack In The Box (NASDAQ: JACK) is a turn-around story that has legs but it is not one without risks. The latest hurdle, the unusual addition of Del Taco to the fold, was met with skepticism from the market but the institutions were not swayed in their faith in this company. The institutions purcha... Read the Full Story |
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Consumer Discretionary | | With an almost 80% rally since the middle of May, there’s a strong case to be made for considering a long position in electric vehicle (EV) maker NIO’s (NYSE: NIO) shares. While they were well able to capitalize on the euphoria that swept equity markets before and after the COVID crash, ... Read the Full Story |
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Industrials | |
Honeywell became a diversified giant through its growth by acquisition strategy
Despite cyclical pressures and inflationary headwinds, the Company saw 12% growth in orders
The Company executed $3.2 billion in stock buybacks
Diversified technology and manufacturing company Honeywell (NYSE: ... Read the Full Story |
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Communication Services | |
Disney Parks division leading from the front
ESPN+ subscribers rose 53% from a year ago
The company added 14.4 million Disney+ subscribers
An 8% gap up to start Thursday’s session should tell you everything you need to know about how investors are feeling about Disney (NYSE: DIS) righ... Read the Full Story |
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Monday's Early Bird Stock Of The Day Revolve Group, Inc. operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands. The company offers apparel, footwear, accessories, beauty, and home products from emerging, established, and owned brands, as well as luxury brands through its websites and mobile apps. The company was formerly known as Advance Holdings, LLC and changed its name to Revolve Group, Inc. in October 2018. Revolve Group, Inc. was founded in 2003 and is headquartered in Cerritos, California. | | View Today's Stock Pick |
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