Good MorningEquities extended their rebound on Monday taking the S&P 500 up a full percent at the height of the day. The rally, a relief rally, is driven by an expectation for economic improvement that is likely misplaced given the consensus figure for the CPI data. The analysts are expecting CPI to hold flat versus last month but the core and YOY figures will be hot. Core inflation is expected to rise by 0.3% which is the same as the prior month and it will drive an acceleration in the YOY figure as well. Core consumer inflation is expected to accelerate to 6.0% from last month's high of 5.9% and push the Fed to act aggressively at next week's FOMC meeting.
It is near given the FOMC will raise rates by another 75 basis points next week so the most important news will be the tone of the statement and the outlook for future hikes. The FOMC is already in uncharted territory so it is possible, however unlikely, that a 4th 75 basis point hike could be on the table. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Markets | | S&P 500 component Devon Energy (NYSE: DVN) is among the market’s best performers, outrunning its index by a wide margin.
Energy continues to be a sector that’s home to stocks living up to the name, while others continue to languish.
Year-to-date, Devon has advanced 64.20%, booste... Read the Full Story |
|
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 |
|
Multi-Sector Conglomerates | |
This week, on The MarketBeat Podcast Kate sits down with ETF portfolio manager Dave Gilreath, who offers a perspective on “dividend achievers” and why these deserve a role in your portfolio. Dave gives us ideas for some mid-caps that may not be familiar names, but are showing potential... Read the Full Story |
|
Retail/Wholesale | | The country’s largest restaurant operator Darden Restaurants (NYSE: DRI) is using its massive size to dampen price increases to instill value and grow loyalty for its brands. Darden operates eight popular restaurant brands ranging from casual dining experiences like Olive Garden, Bahama Breeze... Read the Full Story |
|
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 |
|
Markets | |
Could this be it? The U.S. stock market hasn’t strung together back-to-back winning months since a seven-month run that ended August 2021. A year later, the S&P 500 finds itself mired in an up and down pattern that began in February and has made it difficult for any positive momentum to ... Read the Full Story |
|
Consumer Discretionary | | We’ve all heard the headlines of inflation hitting four-decade highs and its negative effect on operating margins and consumer spending. Inflationary pressures have caused raw materials prices to skyrocket made worse rising logistics costs and supply chain disruptions. Soaring grocery and gas ... Read the Full Story |
|
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. |
|
Technology | |
Sifting through Marketbeat’s analyst tracking data, this time the most-downgraded stocks list, turned up three interesting names that qualify as must-have stocks for many investors. NVIDIA (NASDAQ: NVDA), Nike (NYSE: NKE), and Salesforce.com (NASDAQ: CRM) are all leaders in their spheres, ex... Read the Full Story |
|
Medical | |
Typically when the stock market goes into ‘risk-off’ mode, biotechnology companies get hit harder than most. Not this year.
The Nasdaq Biotech Index is down year-to-date but outperforming the broader market by a decent margin. The unusual bear market alpha stems from a variety of fact... Read the Full Story |
|
Consumer Discretionary | | Video game publisher Electronics Arts (NYSE: EA) stock has been weathering the storm from the demand shock in the video gaming industry. Video games are a discretionary item and rising inflation is causing consumers to pullback on their discretionary spending. Clues to the weakness was indicated by ... Read the Full Story |
|
Retail/Wholesale | | Discount retailer Dollar General (NYSE: DG) stock is up 5% for the year as it rides the recession wave higher. The Company operates over 18,300 small box discount stores across 47 states in the U.S. It sells mostly consumer staple items comprised of consumables, seasonal items, home products and app... Read the Full Story |
|
Finance | | The Consumer Price Index (CPI) is the inflation gauge. Inflation is the rate at which prices are rising and in turn eroding your buying power. It’s released by the U.S. Bureau of Labor Statistics (BLS) on a monthly basis. It measures the average rate of change in prices paid by consumers for a... Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day Bath & Body Works, Inc. is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH. | | View Today's Stock Pick |
|
