Good MorningThe equity market sold off hard last week on mounting fear of the FOMC. Not only did the Fed raise rates by the expected 75 basis points, but it indicated a minimum of 160 basis points more were coming. The news sent the yield on the ten-year treasure through the roof and the S&P 500 desperately seeking support. The index shed more than 5% for the week, putting it deeper into the bear market territory and on the verge of another 20% decline.
The next hurdle for the market will come on Friday with the PCE price index. The index is expected to moderate on a month-to-month basis but still come in hot versus last year. The risk is that consumer-level inflation will come in hotter than expected or worse, accelerate again, and raise the stakes in regard to the Fed, interest rate hikes, and the odds of a recession. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Consumer Discretionary | |
On Thursday, we’ll learn if NIKE, Inc. (NYSE: NKE) got off on the right foot in its new fiscal year. The sneaker king reports first-quarter earnings after the close.
Let’s just say it will be a low hurdle to jump. The good news is that the worst is probably over for the company.
Afte... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Industrials | | Construction and heavy machinery maker Caterpillar (NYSE: CAT) stock has been weathering the bear market down (-17%) on the year. Despite the slowing demand in China, supply chain disruptions, inflationary pressure, and slowdown in the housing market, the Company is still bullish on strength in the ... Read the Full Story |
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Retail/Wholesale | |
Interactive entertainment restaurant operator Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) is proving that its possible to mitigate both inflationary pressures and weakening consumer spending. They completed the $835 million acquisition of Dallas-based food and games chain Main Event Ent... Read the Full Story |
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Energy | | In a familiar story, midcaps Targa Resources (NYSE: TRGP), Carlisle Companies (NYSE: CSL) and Steel Dynamics (NASDAQ: STLD), the largest components of the S&P 400 mid-cap index, all gapped down Friday along with the broader market.
Mid-caps are traditionally classified as those with market capi... Read the Full Story |
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Technology | | Cloud monitoring specialist Datadog (NASDAQ: DDOG) has been the subject of analyst enthusiasm recently - at least for the most part, according to data compiled by MarketBeat.
On Friday, Credit Suisse initiated coverage with an “outperform” rating. Earlier in the week, Moffett Nathanso... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Auto/Tires/Trucks | |
Tesla (NASDAQ: TSLA) continues to remain resilient despite the broader market sell-off, despite predictions of demise by short-shellers. And despite these predictions, the stock is up 16% for the year and continues to trade at relatively lofty valuations. The stock was down 4% during early trading... Read the Full Story |
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Retail/Wholesale | | Costco (NYSE: COST) put in a strong quarter, but there are two things wrong with the report that means the strength was already priced into the market. The first is a similar report from BJ’s Wholesale Club (NYSE: BJ) last month, a report that indicated strength in the membership club arena as... Read the Full Story |
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Technology | |
After recent boom years, investors in the semiconductor industry have experienced a rough year so far in 2022. You only need to look at the VanEck Semiconductor ETF (NASDAQ:SMH) to see how punishing this year has been to chip investors. A leading chip stocks fund with more than $6 billion in net a... Read the Full Story |
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Technology | | Cybersecurity specialist Crowdstrike (NASDAQ: CRWD) had a terrific run in 2020 and into 2021, but along with other techs, this former growth-stock favorite has been languishing.
But much of that decline is due to interest-rate increases, along with the broader market pullback.
What’s the lo... Read the Full Story |
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Technology | |
Small-cap Compass (NYSE: COMP), which runs an end-to-end platform for buying, selling, and renting real estate, lost its way Thursday, drifting more than 6% lower in heavy volume after announcing layoffs.
Compass has been in a death spiral since its IPO in April, 2021. Soon after it went public a... Read the Full Story |
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Monday's Early Bird Stock Of The Day Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Its products include 6500 Packet-Optical Platform, Waveserver stackable interconnect system, and the 6500 Reconfigurable line system, and the 5400 family of Packet-Optical platforms, as well as 8100 coherent routing platforms; 3000 family of service delivery switches and the 5000 family of service aggregation switches, as well as 8700 Packetwave Platform and 6500 Packet Transport System. This segment also sells operating system software and enhanced software features embedded in each of its products. The company's Blue Planet Automation Software and Services segment provides multi-domain service orchestration, inventory, route optimization and analysis, multi-cloud orchestration, and unified assurance and analytics services. Its Platform Software and Service segment offers MCP domain controller solution, and OneControl unified management system, as well as planning tools. The company's Global Services segment provides maintenance support and training, installation and deployment, and consulting and network design services. Ciena Corporation was incorporated in 1992 and is headquartered in Hanover, Maryland. | | View Today's Stock Pick |
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