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: Learn 7 ways to generate income with a $1,000,000+ portfolio (Ad) 
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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 |
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From Our Partners | | In 1999, George Gilder predicted phones would outpower desktop computers. Apple's iPhone followed, and the stock climbed 12,107 percent.
He called streaming video over Blockbuster in 1990 and flagged an obscure online bookshop named Amazon in 1996. Netflix rose 118,823 percent at its peak; Amazon is up 250,300 percent counting splits.
Gilder now points to three converging technologies he calls the Trillion Dollar Triangle, which he believes could outweigh those past breakthroughs combined. | | See the Trillion Dollar Triangle George Gilder is pointing at now |
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Industrials | |
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 |
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Consumer Discretionary | | 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 |
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From Our Partners | | Elon Musk just called Anthropic the clear leader in AI, admitting its Mythos model surpasses anything he's built.
Anthropic's valuation has doubled since the news, with estimates as high as 3 trillion by IPO day. Google, Amazon, Microsoft, Nvidia and major banks all hold stakes.
Revenue grew 80 times in the first quarter alone, and the IPO could arrive as early as this October. | | See how to get access to this AI IPO before it goes public |
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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 |
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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 |
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From Our Partners | | The U.S. Army and Department of Energy are preparing to launch Project Janus, a high-priority initiative centered on a new fuel technology.
One obscure defense contractor holds a five-year head start on every competitor, with the first powerplant expected to go live before December 18, 2026.
The full story, including the company name and ticker symbol, is available now. | | Click here to get the stock name and ticker for free |
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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 |
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Healthcare | |
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 |
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Communication Services | | 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 |
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Consumer Staples | | 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 |
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Markets | | 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 |
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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 |
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