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: Elon’s big $266,000 per second purchase (Ad) 
|
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 |
|
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 |
|
Technology | |
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 |
|
Finance | |
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 |
|
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 |
|
Retail/Wholesale | |
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 |
|
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 |
|
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. |
|
Basic 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 |
|
Retail/Wholesale | |
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 |
|
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 |
|
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 |
|
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 |
|
Monday's Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
|
