Good MorningEquity markets opened lower on Monday and then seesawed in uncertain action as traders and investors weighed the impact of the latest FOMC decision. The Fed hiked rates by only 25 basis points as expected but indicated a pressing need to fight inflation with higher rates. The takeaway is that the committee is not done raising interest rates, and the peak of rates could be well above what the market expects. The latest inflation data shows a peak in inflation, but there is yet to be a sign of sustained cooling the FOMC can count on.
This week will be tough for the market because it will be all about earnings. In this case, the news will mostly be bad as average S&P 500 companies are underperforming their EPS expectations and lowering the outlook for the rest of the year. In this scenario, the S&P 500 has a dead weight hanging around its neck. The most likely outcome is another sharp decline in index prices that may not cease until the bottom is in for the worsening earnings recession. Featured: The case for trading fewer setups, not more (Ad) 
|
Medical | |
The biotech industry has stood out in recent months, with Immunocore Holdings PLC (NASDAQ: IMCR) among the group’s top price performers.
The industry is home to some large-cap heavyweights, including Amgen Inc. (NASDAQ: AMGN), Gilead Sciences Inc. (NASDAQ: GILD), Regeneron Pharmaceuticals I... Read the Full Story |
|
From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
|
Medical | |
During this earnings season good news hasn’t been enough for some investors. That was the case with Merck & Co., Inc. (NYSE: MRK). Despite beating analysts’ expectations on the top and bottom lines, MRK stock is still down 2% two trading days after its earnings report.
The drop ... Read the Full Story |
|
Consumer Staples | |
Energizer Holdings Inc (NYSE: ENR) share prices are down more than 8.0% in the wake of the Q1 earnings results and you might think this was the time to sell. The price action has the stock forming an ugly top in early 2023 that could cap gains for the year. The caveat, however, is that Q1 results ... Read the Full Story |
|
From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
|
Technology | |
Like most investors, you invest in the stock market to get a decent return on your money. You may own dividend stocks to collect some income along the way and take advantage of the compounding effect. If you are a long-term-oriented investor holding a portfolio of equities in any stock sector or e... Read the Full Story |
|
Auto/Tires/Trucks | |
Although the Q4 results and outlook have Cummins (NYSE: CMI) shares moving lower in the wake of the release, the indications suggest the stock can move higher. Not only is the trend in the stock price still up, but that trend is supported by results and institutional activity and, to a lesser exte... Read the Full Story |
|
From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
|
Technology | |
The ONSemi (NASDAQ: ON) story today begins with a very impressive chart pattern that points to much higher share prices ahead. That pattern is Three White Soldiers and it is appearing on the weekly charts. The Three White Soldiers pattern is made up of 3 consecutive long-white or long-green candle... Read the Full Story |
|
Consumer Staples | |
Tyson Foods (NASDAQ: TSN) Q1 report has put the fear of shrinking margins into the Consumer Staples (NYSEARCA: XLP) market but the takeaway is clear. The issues impacting Tyson Foods are unique to the company and centered in the beef, pork and chicken markets so fear of contagion is limited. The w... Read the Full Story |
|
Markets | |
According to TransUnion's consumer credit prediction for 2023, serious delinquencies are increasing in several important loan categories even though demand is still robust. Moreover, TransUnion recently conducted a study that forecasts that more Americans will default on their loan payments in 202... Read the Full Story |
|
Technology | |
Social media platform Snap Inc. (NYSE: SNAP) stock took a (-15%) dive on its fiscal Q4 2022 earnings release. Its report had few optimistic highlights as it continues to suffer from the slump in global digital advertising. Its average revenue per user (ARPU) continues to slide from the year-ago pe... Read the Full Story |
|
Auto/Tires/Trucks | |
While Mullen Automotive (NASDAQ: MULN) is not out of the woods, it appears the tide has turned for the stock. The short-interest data suggests the bearish wave is relenting, and the technicals show the bulls gaining ground. In the near term, there is a growing possibility for a sharp pop in share ... Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day Peloton Interactive, Inc. operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names. The company markets and sells its interactive fitness products directly through its retail showrooms and at onepeloton.com. Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York. | | View Today's Stock Pick |
|
