Good MorningEquity markets gave up Tuesday's gains on Wednesday as the banking crisis spreads. The latest news is that Credit Suisse needs capitalization, and its largest shareholder is barred from providing capital for regulatory reasons. The news sparked a 2.0% decline in the S&P 500, although the index closed off the day's lows. The takeaway for investors is the S&P 500 index is fighting to keep its head above water and may succumb to another sell-off within days.
The next shoe to drop will be Wednesday, when the FOMC issues its policy statement. The market has priced in a 25 basis point hike due to the growing bank crisis, but investors should not be shocked if the Fed hikes by 50 basis points. A 50 basis point hike is consistent with recent commentary and the inflation trajectory. Featured: Elon Musk's Next AI Partnership Could Shake Up This Stock (Ad) 
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Technology | |
To invert a popular saying, “What should you do when chips are up?”
Some chip- and chip-gear makers are nearing buy points out of bullish areas of consolidation. Those names include Advanced Micro Devices Inc. (NASDAQ: AMD), Applied Materials Inc. (NASDAQ: AMAT) and Onto Innovation I... Read the Full Story |
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From Our Partners | | In 1974, a quiet deal between Henry Kissinger and the Saudis reshaped America's monetary order overnight, with no announcement and no vote in Congress.
Decades later, the dollar had lost more than 84% of its purchasing power even as millionaire ranks surged into the millions.
Financial reporter Kimi Weintraub sits down to explore a new, largely unnoticed shift in America's monetary system, one tied to executive orders and a reported 13-nation agreement. | | Watch the full interview before the December 14 Miami summit |
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Consumer Discretionary | |
Apparel stocks aren’t a haven for investors, but not all stocks in this group are equal. While discretionary names are going to take a hit this year due to the declining outlook for earnings and tightening economic pressure put on by the Fed, some will pay steady dividends and they all trade... Read the Full Story |
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Markets | |
What happens when markets go into panic mode? Investors turn to asset classes or sectors they believe are likely to either pay a dividend or that have a low correlation to equity markets.
On March 15, utilities, as tracked by the Utilities Select Sector SPDR Fund (NYSEARCA: XLU), advanced 1.36% ... Read the Full Story |
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From Our Partners | | MindWalk Holdings (NASDAQ: HYFT) is applying AI to drug discovery, and its customer base already includes 19 of the top 20 global pharmaceutical companies.
The company's HYFT technology maps roughly 660 million biological patterns and 25 billion relationships. Q1 fiscal 2027 revenue hit $3.8 million, with gross margin improving to 59 percent in its fifth consecutive quarter of year-over-year growth.
A new OpenFold3 deployment delivered about 5x faster antibody-antigen inference, and a $30 million revolving credit line, free of warrants or equity conversion, adds fuel for expansion. | | Take a closer look at HYFT before AI reshapes drug discovery. |
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Industrials | |
Sir John Templeton said it best when describing his thought process as he initiates large concentrated positions on a single company's stock that he may like. "Buy at the point of maximum pessimism" this saying can be interchanged with Warren Buffett's "Be greedy when others are fearful". Investor... Read the Full Story |
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Finance | |
Swiss banking giant Credit Suisse (NYSE: CS) nosedived to all-time lows Wednesday, dropping as much as 25% in early trading. The bank’s largest shareholder, Saudi National Bank, announced it won’t inject any more capital into the troubled bank. Investors are now reevaluating Credit Sui... Read the Full Story |
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From Our Partners | | When Moonshot AI's new model rattled overnight markets, stocks gapped down 1 percent before the open, and history shows the story doesn't end there.
Between 9 30 and 9 50 AM, Wall Street settles nearly 25 percent of the day's total volume in a single 20 minute window, often revealing market direction for the rest of the morning.
A former money manager breaks down the floor data behind this pattern, including a June 25th session where inflation surged past 4 percent and the market moved just 0.3 percent afterward. | | Watch the full video breakdown before access is taken down |
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Communication Services | |
Meta Platforms (NASDAQ: META) got the market’s attention with its latest earnings report and pledge for efficiency. As much as the report helped, it was the pledge for efficiency that has the market moving higher and in the process of reversing. The results were better than expected but a fa... Read the Full Story |
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Healthcare | |
On March 13, 2023, Pfizer, Inc. (NYSE: PFE) announced it was merging with Seagen Inc. (NASDAQ: SGEN). Under terms of the definitive agreement, Pfizer will buy Seagen for $229 in cash per share. That makes the total enterprise value $43 billion. This acquisition will strengthen Pfizer’s alrea... Read the Full Story |
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Technology | |
The Q4 results from SentinelOne (NASDAQ: S) echo news from cybersecurity companies from DataDog (NASDAQ: DDOG) to Crowdstrike (NASDAQ: CRWD). The takeaways are that fears of slowing were overblown. Within the cybersecurity sector, market leaders like Palo Alto Networks and AI-powered solutions lik... Read the Full Story |
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Consumer Discretionary | |
Betting stocks are getting a boost from expanding regulation in the US, and Sportradar Group (NASDAQ: SRAD) is in the mix. Its Q4 results echo a report from DraftKings (NASDAQ: SRAD) that has that company on track for a major reversal in the stock price. Assuming the trends indicated in the report... Read the Full Story |
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Industrials | |
The global disruptions to travel brought on by enforced lockdowns during the COVID-19 pandemic have had their fair share of negative effects on many industries. However, air travel and the infrastructure supporting its volume may have taken the cake.
As entrenched as a company may be within the e... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands. It also offers MimioStudio Interactive Instructional software that enables the creation, editing, and presentation of interactive instructional lessons and activities; MimioMobile, a software accessory for MimioStudio; Oktopus Instructional and Whiteboarding software, which enables the creation, editing, and presentation of interactive instructional lessons and activities; Notes+, a software accessory; GameZones, a multi-student interactive gaming software; MimioConnect, an online student engagement platform; and LYNX, a lesson building app. In addition, the company provides Juno, a towering standard of sound quality that reinforces a teacher's voice; Mimio MyBot system for robotics learning; Robo3D printers; MyStemKits, which offers lesson plans for grades K-12 math and science teachers; MimioView document camera; EzRoom, an integrated AV solution; Lyrik, an amplification solution; and Conductor School Communication System, an IP-based campus-wide communication and control solution; and accessories, such as mobile carts, installation accessories, and wall-mount accessories for interactive LED flat-panels and audio solutions. Further, it offers classroom training, professional development, and educator certification services. The company was formerly known as Logical Choice Corporation. Boxlight Corporation was founded in 1985 and is headquartered in Duluth, Georgia. | | View Today's Stock Pick |
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