Good MorningEquity markets rebounded on Thursday as investors embrace the potential for a financial backstop in the banking sector and hope the FOMC eases back on the rhetoric. The S&P 500 gained nearly 2.0% at the session's high and may continue to rebound, provided good news continues. The risk is that woes in the banking sector will continue to spread and darken the outlook.
Next week will be a pivotal week for the market. The FOMC is slated to announce the latest policy change on Wednesday, which could spook the market again. Signs of cracking in the banking sector are not a reduction of inflation; that is what the FOMC needs to accomplish its goals. Given the strength in this week's CPI report, the FOMC may not ease up all that much. Investor should expect at least a 25 basis point hike and the indication hikes would continue if the data warranted. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Technology | |
Jabil Inc (NYSE: JBL) shares are down about 5.0% following the Q2 earnings release, opening up a buying opportunity for investors. The news was good but not good enough to sustain the rally without a bit of corrective action first. The takeaway is this blue-chip quality tech company, with its fing... Read the Full Story |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Construction | |
For St. Patrick’s Day, you might crack open a Guinness brewed by Diageo PLC (NYSE: DEO). If that inspires you to investigate how Irish stocks may fit into your portfolio, you have quite a few to choose from.
We’ll review a few top performers listed on major U.S. exchanges.
While Gui... Read the Full Story |
|
Markets | |
A coalition of the largest US banks, including Bank of America, JPMorgan, Citigroup, and Wells Fargo, plans to make sizable deposits at distressed First Republic Bank (NYSE: FRC) to bolster confidence in the banking system.
These megabanks are expected to deposit about $5 billion each into First ... Read the Full Story |
|
From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
|
Markets | |
How to Invest in Energy
Energy keeps the world moving, from oil to gas to solar to wind. Unsurprisingly, the energy sector is a vast, complex and ever-changing landscape. The sector is affected by new technologies and political developments worldwide.
As exciting as all this is, it's no surpris... Read the Full Story |
|
Finance | |
Analysts at JP Morgan (NYSE: JPM) said yesterday that up to $2 trillion in liquidity could be added to the U.S. banking system.
Funds will be made available through the Federal Reserve’s Bank Term Funding Program that was announced as banks face a liquidity crunch.
A lack of liquidity was ... Read the Full Story |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Retail/Wholesale | |
Five Below, Inc. (NASDAQ: FIVE) delivered an as-expected earnings report on March 15, 2023. The company also echoed a theme of cautious guidance that many companies have expressed this earnings season. Combined with clear signs that the consumer is pulling back on discretionary spending, investors... Read the Full Story |
|
Retail/Wholesale | |
Williams-Sonoma (NYSE: WSM) has proved the quality of its brands yet again. The Q4 results are mixed but in a good way, where margin strengths offset the top-line weakness. The takeaway for investors is that the business is sound, the company’s model is well-proven, and the client base is lo... Read the Full Story |
|
Consumer Discretionary | |
While many have Duke, Gonzaga or Kansas winning the 2023 men’s college basketball championship, the event’s biggest winner might be DraftKings Inc. (NASDAQ:DKNG).
The American Gaming Association (AGA) projects that more than $15 billion will be wagered on this year’s March Madne... Read the Full Story |
|
Finance | |
Having rallied as much as 45% since last summer, the last thing investors of brokerage firm Charles Schwab Corporation (NYSE: SCHW) would have expected was a plunge of the same magnitude in just three sessions. However, that’s what’s happened in recent days since the collapse of SVB la... Read the Full Story |
|
Technology | |
Adobe Inc. (NASDAQ: ADBE) shares are rising after solid Q1 results and guidance, but a sustained rally is unlikely because the margin of outperformance is slim, and guidance was only as expected for this highly-valued company. Adobe Inc. shares are also unlikely to hit new lows, leaving this marke... Read the Full Story |
|
Friday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
|
