Good MorningEquity markets cheered a 25 basis point interest rate hike from the FOMC on Wednesday and drove the S&P 500 up more than 1.0% on the news. However, the takeaway from the statement is that the FOMC will continue to hike rates for the foreseeable future. In this light, the good news is bad because the FOMC still pressures the economy. The bad news is that economic pressure is cutting into S&P 500 earnings, which will bring the index and market down.
The caveat for traders is the S&P 500 failed to cross above resistance. The index moved up to but did not cross the 4,150 level and then closed off of the day's high. This is evidence of resistance at a key level and a potential peak for the market. However, a move above 4,150 would not get the market in the clear because another key level of resistance is just above the 4,300 level. Featured: A letter from Shannon Stansberry (Ad) 
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Consumer Discretionary | |
Peloton Interactive, Inc. (NASDAQ: PTON) is up 18% after a double beat in its second quarter fiscal 2023 earnings report. But although the calendar says 2023, you can forgive investors who feel like it’s 2021. Specifically, investors are beginning to get a taste for risk. And that’s im... Read the Full Story |
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From Our Partners | | The SpaceX IPO wasn't the big trade - according to Larry Benedict, founder of The Opportunistic Trader, it was the trigger. Benedict, who delivered a 279% return on cash in 2025 across a 20-year winning streak, says the listing launched what he calls the 'Final Phase of Elon's Master Plan.'
He's identified one specific ticker - not SpaceX, Tesla, or any Elon-affiliated company - that he believes could see billions in inflows as this phase unfolds. He calls it his trade of the year. | | Watch the video now to get the ticker name and full trade details |
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Markets | |
Shares of Bed Bath & Beyond (NASDAQ: BBBY) are circling the drain and may fall through very soon. Attempts to stave off bankruptcy, including a search for potential buyers, are coming up short. The latest word on the street is that a Chapter 11 bankruptcy filing could come as soon as this week... Read the Full Story |
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Technology | |
Allegro Microsystems (NASDAQ: ALGM) share prices are advancing at a brisk pace on the news the company’s business is better than expected. The company, a semiconductor/integrated circuit manufacturer, provides sensor IC and app-specific analog ICs to the auto OEM and industrial market.
Dema... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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Consumer Staples | |
On a day when it’s important for companies to beat on earnings, Altria Group, Inc. (NYSE: MO) delivered. The company reported better-than-expected earnings per share (EPS) of $1.18, which was two cents higher than consensus estimates of $1.16.
But the real reason that MO stock is up over ... Read the Full Story |
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Materials | |
Those who’ve watched the Scotts Miracle-Gro (NYSE: SMG) saga unfold over the last few years have seen it bottom, gear up for growth, expand into the cannabis equipment market, get boosted by the pandemic, and then see it all come crashing down. The bursting COVID bubble was compounded by iss... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Healthcare | |
At the start of 2023, vaccine developer Novavax, Inc. (NASDAQ: NVAX) saw a much-needed jump from near-historic lows. While they still have a long way to go before they can get back to the soaring levels of the Pandemic when they set a historical high of $320 in February of 2021, the jump is a welc... Read the Full Story |
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Industrials | |
Investors might be having their eye on Boeing (NYSE: BA) as its last 747 aircraft was rolled out of Boeing's factory in Everett, Washington, on February 1st, 2023, ending its more than 50-year production run. The end of 747 production doesn't mean the planes will disappear entirely from the skies ... Read the Full Story |
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Markets | |
When the economy is in a bear market, it can feel like losses are never-ending.
Understanding a bear market's stages can provide a new perspective and help you stick to your long-term trading plan.
Read on to learn more about the four major stages of a bear market, what they mean and how to re... Read the Full Story |
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Industrials | |
A look at the charts suggests that Old Dominion Freight Line (NASDAQ: ODFL) is driving to new highs. The price action spiked more than 6.5% in the wake of the company’s Q4 results and has it trading at the highest levels in 13 months and showing strongly bullish signs.
The question that nee... Read the Full Story |
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Materials | |
BHP stock and dividend are interesting for their history and high yield. What to know about BHP stock and dividend is that this is one of the world's largest mining operations. It is fundamental to the global supply chain and pays a safe dividend.
The dividend is managed by a distribution plan t... Read the Full Story |
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Thursday's Early Bird Stock Of The Day CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale properties in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other shale and shallow oil and gas formations in Illinois, Indiana, New York, and Virginia. It also owns rights to extract CBM in Virginia, West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. In addition, the company designs, builds, and operates natural gas gathering systems to move gas from the wellhead to interstate pipelines or other local sales points; owns and operates approximately 2,600 miles of natural gas gathering pipelines, as well as various natural gas processing facilities. It also offers turn-key solutions for water sourcing, delivery, and disposal for its natural gas operations and for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania. | | View Today's Stock Pick |
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