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: Trump goes "all-in" on Grand Canyon energy breakthrough (Ad) 
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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 |
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From Our Partners | | Barrick Mining has spent decades building one of the world's great gold districts in Nevada, anchored by Fourmile, Goldrush, and Cortez Hills, a region that could hold as much as 60 million ounces of gold.
Bordering Fourmile and less than a mile from Goldrush sits a little-known explorer now moving from historical data toward active exploration, setting targets and preparing for a maiden drilling program.
With gold trading near record highs, this could be a pivotal stage for an overlooked name in the district. | | See why this overlooked gold explorer could be entering its most important stage |
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Materials | |
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 |
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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 |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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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 |
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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 |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Consumer Discretionary | |
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 |
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Consumer Discretionary | |
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 |
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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 |
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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 |
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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 |
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Friday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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