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: Move Your Money Here Before August 31st (Ad) 
|
Healthcare | |
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 | | 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 |
|
Healthcare | |
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 | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
|
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 |
|
Industrials | |
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 | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
|
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 |
|
Communication Services | |
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 |
|
Consumer Discretionary | |
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 |
|
