Good MorningEquity markets tried to rebound on Thursday following Wednesday's Fed-induced rebound but the takeaway for investors is failure. The S&P 500 advanced more than 1% at the high of the day only to meet with resistance and give up the gains by the end of the day. The index closed with gains, but the candle formed is black and confirms resistance at the short-term moving average. If the index cannot close above the short-term moving average today, it could lead to intensified selling next week.
Next week could be another tough one for investors. The economic calendar is light but includes the PCE Price Index on Friday. The latest CPI index showed a cooling of inflation but not a decline, which may be repeated in the PCE data. The caveat is that PCE data is expected to be hot and confirm the need for high interest rates if not higher interest rates. Featured: The case for trading fewer setups, not more (Ad) 
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Retail/Wholesale | |
If the results, the outlook, the valuation, and the analyst have anything to do with it, Darden Restaurants (NYSE: DRI) can hit new highs in 2023. The Q3 results were better than expected, showing underlying momentum in the restaurant rebound and this company. The guidance is equally optimistic an... Read the Full Story |
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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 |
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Technology | |
Texas Instruments (NASDAQ: TXN), Cirrus Logic Inc. (NASDAQ: CRUS), and Rambus Inc. (NASDAQ: RMBS) represent very different corners of the semiconductor industry. Still, all three have one thing in common: All are showing healthy chart patterns that may lead to price gains.
Semiconductors are amo... Read the Full Story |
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Financial Services | |
Banking stocks have been hit strongly this year amid the bankruptcy of several high-profile banks, deteriorating sentiment, and the expectation that the worst is yet to come.
Despite these challenges for the financial services sector, the good news is that it has produced some potentially underva... Read the Full Story |
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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 |
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Construction | |
KB Home (NYSE: KBH) is raising the roof for 2023; like all house parties, the year may not turn out as investors would hope. The company outperformed consensus estimates and gave favorable guidance driven by its relentless execution of backlog orders. This has revenue in Q1 and guidance for the ye... Read the Full Story |
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Retail/Wholesale | |
Chewy, Inc (NASDAQ: CHWY) shares are moving lower following a solid report and mixed guidance. The takeaway from the results and outlook contradicts this move and has the stock set up for a buy later in the year. While the margin outlook is weak, the guidance can be labeled cautious and includes p... Read the Full Story |
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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 |
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Finance | |
Penny for your thoughts? For a penny stock investor, top of mind is big gains. The opportunity to accumulate shares in low-priced equities with high return potential has long been the appeal of stocks priced under $5 (if not under $1).
The companies that issue these shares tend to be small and un... Read the Full Story |
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Retail/Wholesale | |
Any space in the financial markets, and the economy for that matter, that becomes too hot and attracts the masses is bound to have some sort of crash sooner or later. No, this is not about crypto, some hot technology startup, or even a sophisticated bank collapse. This one space that has been deli... Read the Full Story |
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Basic Materials | |
On March 14th, oilseeds processor Bunge Ltd. (NYSE:BG) jumped 14%. The nearly 40 million shares that traded that day were 25-times the stock’s normal volume — and the highest the stock has seen in over five years.
That wasn’t even the best part. The surge had little to do with ... Read the Full Story |
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Business Services | |
Steady dividend payers are a smart addition to any portfolio, as they contribute to the investment goal of combining growth with income. Leading dividend stocks that are also showing either strong earnings potential or good chart action, or both, include Interpublic Group of Companies Inc. (NYSE: ... Read the Full Story |
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Construction | |
With the Federal Reserve increasing interest rates by just 25 basis points, and indicating that it may soften its stance toward further hikes this year, does that mean it’s rally time for homebuilders such as PulteGroup Inc. (NYSE: PHM), Lennar Corp. (NYSE: LEN) and D.R. Horton Inc. (NYSE: D... Read the Full Story |
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Friday's Early Bird Stock Of The Day Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2023, it had 2,226,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada. | | View Today's Stock Pick |
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