Good MorningEquity markets went on a topsy-turvy ride last week due to rising fear of a banking crisis and the FOMC. The FOMC went ahead and hiked another 25 basis points, indicating another hike is on the way. The risk for the market is that PCE data is due out next week and may not give the Fed much choice on the future of interest rates. The S&P 500 closed higher for the week but showed resistance at the 150-day moving average.
This will be another trying week for the market. Investors and trades will be on edge, waiting for the next bank to fail, and there will be little in the way of economic data or earnings to sustain action in the interim. The S&P 500 may be able to move higher on the lack of news, but a sustained rally is far from likely. Featured: He started with $2,000. Now he's at $3 million. (Ad) 
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Finance | |
There are, as they say, a million ways to make a million dollars. However, for those interested in the financial markets and the underlying asset prices that fluctuate from Monday to Friday, there are really only two main ways. The most direct and orthodox avenue to make a dollar - or a million, d... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Finance | |
On March 23, 2023, short-seller Hindenburg Research released a scathing report accusing Block Inc. (NASDAQ: SQ) of inflating user metrics and facilitating fraud to enable insiders to profit over $1 billion. It sent shares of SQ crumbling by over (15%) as well as dragging down its payments and e-co... Read the Full Story |
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Technology | |
The bitcoin (CRYPTO: BTC) rally continues, although bulls haven’t quite managed to sustain the breach of the $28,000 psychological level just yet.
Buying and holding bitcoin long-term might be a better option for most investors due to the added risks of investing in both stocks and equities... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Consumer Discretionary | |
Genuine Parts Company (NYSE: GPC) is hosting an investor day event, and the pre-event press release already excites the analysts. The release reaffirmed the dividend king and its 2023 targets and gave a long-term forecast well above the Marketbeat.com consensus. The company expects earnings for 2... Read the Full Story |
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Technology | |
After over a year of downtrending, Accenture (NYSE: ACN) shares have hit and confirmed their bottom. The move is driven by better-than-expected results proving that the use and adoption of tech are as robust as ever. The takeaway for investors is that growth is still on the table, records are bein... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Materials | |
Steel prices are down compared to last year, but that has not hurt the cash-generating power of these companies. The spread between raw and finished steel remains favorable to profits and has dividends in a sweet spot. Commercial Metals (NYSE: CMC) and Worthington (NYSE: WOR) have differing appeal... Read the Full Story |
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Consumer Discretionary | |
Most consumers looking for a new vehicle have come to the dire realization that there are no new cars available anywhere. This trend began in 2022 with the closing of semiconductor foundries worldwide due to COVID lockdowns, which had a massive trickle-down effect on various industries, including ... Read the Full Story |
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Technology | |
Shares of Micron (NASDAQ: MU) hit their bottom late last year and are now set up for a complete reversal. The market action ahead of the Q2 earnings release suggests that sell-side interest is growing in the face of expected outperformance. The analysts have been lowering the bar for revenue and e... Read the Full Story |
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Consumer Discretionary | |
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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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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Monday's Early Bird Stock Of The Day Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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