Good MorningThe selloff in the equity markets intensified last week following a bearish technical signal, high inflation, and remarks from Fed chief Jerome Powell. Mr. Powell said inflation was a problem the Fed would fight forcefully adding that businesses and families would feel some pain in the process. The need to fight inflation means higher interest rates meant to cut back on hiring and activity which means fewer business and work opportunities over the next year or two. The S&P 500 fell more than 3.0% at the low of the day and looks like it will fall further in the coming days. The move not only confirms a reversal of long-term proportion but shows a high conviction within the market as well.
This week is another hurdle for the market. The NFP data is due out on Friday and is expected to show a slowdown in hiring as well as an increase in wages which is bad news for the market. In that scenario, labor and consumer markets are already feeling pain but not enough to correct the pace of inflation or stave off aggressive FOMC action. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Energy | |
Not all big stock moves are equal.
Some are accompanied by heavy trading volume. Others come with but a whimper of activity.
Which ones are more significant? Often it's the high volume moves that pack the most punch.
In stock investing, when a crowd forms it typically sticks around for a whil... Read the Full Story |
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Technology | | Network storage maker NetApp (NASDAQ: NTAP) gapped up nearly 8% Thursday following its earnings report, but reversed course Friday, closing 4.58% lower.
It’s safe to say Friday’s action reflected a broad market selloff in the wake of Fed chairman Jerome Powell’s remarks about furt... Read the Full Story |
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Medical | |
Since pushing to an all-time high in September 2021, Medtronic (NYSE: MDT) has been falling in lock step with tech stocks. That pattern continued even after the company posted a double beat in its fiscal year 2023 first quarter. MDT stock feel 4% on the news. Later in the week the stock regained m... 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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Auto/Tires/Trucks | | Rivian (NASDAQ: RIVN) was heavily hyped up EV play up due to the celebrity fund manager investors like Ray Dalio and David Einhorn as well as the investments by Amazon (NASDAQ: AMZN) and Ford (NYSE: F). The Company is solely focused of scaling up production. The Company expects the impact of inflati... Read the Full Story |
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Technology | | Deflation enablers are companies that help organizations cut costs, grow efficiencies, and optimize performance during uncertain macroeconomic environments like recessions and bear markets. As consumers pull back on spending in attempts to stretch their wallets, companies must adjust and adapt for s... 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.
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Retail/Wholesale | |
Shares of Advance Auto Parts (NYSE: AAP) gapped down after – wait for it – the company lowered its guidance for the rest of the year. The company is seeing uncertain demand, particularly for its DIY customers as inflation continues to have consumers delay discretionary purchases.
It... Read the Full Story |
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Technology | |
Institutional activity has been mixed for Marvell Technology (NASDAQ: MRVL) over the last year but there are two bullish takeaways from the data. The first is that net activity over the preceding 12 months was net-bullish in the amount of $2.54 billion which is worth about 5.4% of the market cap w... Read the Full Story |
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Technology | |
Dell Technologies (NYSE: Dell) reported earnings that were above analysts' expectations, but the stock fell anyway during market hours as PC sales weighed on investor sentiment. PC sales have been declining for the year and were down around 12 percent in the first quarter. The global economy has w... Read the Full Story |
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Retail/Wholesale | | Who would have thought it, but of all the stocks out there Dollar General (NYSE: DG) has been one of the most consistent performers of the past three years. Not only was it a winner before COVID, with shares rallying 75% in the two years before February 2020, but also during COVID, as they rallied 9... Read the Full Story |
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Technology | |
Salesforce (NYSE: CRM) stock was down 3.3% as earnings came in weaker than analysts had expected. Analysts had predicted earnings per share to come in at $1.29, instead, the earnings per share came in slightly lower at $1.20. Despite the weaker-than-expected earnings, Salesforces' revenue came in ... Read the Full Story |
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Monday's Early Bird Stock Of The Day Illumina, Inc. offers sequencing- and array-based solutions for genetic and genomic analysis in the United States, Singapore, the United Kingdom, and internationally. It operates through Core Illumina and GRAIL segments. The company offers sequencing and array-based instruments and consumables, which include reagents, flow cells, and library preparation; whole-genome sequencing kits, which sequence entire genomes of various size and complexity; and targeted resequencing kits, which sequence exomes, specific genes, and RNA or other genomic regions of interest. It also provides whole-genome sequencing, genotyping, noninvasive prenatal testing, and product support services; and Galleri, a multi-cancer early detection test. In addition, the company is developing solutions to help accelerate cancer diagnoses, blood-based detection for minimal residual disease, and other post-diagnostic applications. The company serves genomic research centers, academic institutions, government laboratories, and hospitals, as well as pharmaceutical, biotechnology, commercial molecular diagnostic laboratories, and consumer genomics companies. It markets and distributes its products directly to customers, as well as through life-science distributors. Illumina, Inc. was incorporated in 1998 and is based in San Diego, California. | | View Today's Stock Pick |
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