Good MorningEquities tread water for a 2nd day as traders brace for what could be a monumental PCE report. The report is expected to show moderating albeit hot inflation and give the FOMC a chance to pause and take pressure off the economy. The risk is that consumer-level inflation will be hotter than expected or accelerate in the coming months. For the FOMC, whose task is to tamp down inflation, being "certain" may be more important than giving the market what it wants.
A rise in the ten-year treasury suggests that some in the market expect a hot PCE figure, which may be wise. If not for the SVB crisis, the market would still expect such news and a 50 basis point hike from the FOMC. The only thing that has changed is a bank failure that has little to do with inflation. The real takeaway is that businesses are tightening across sectors and industries, which will be felt and seen in the 2nd half results. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Retail/Wholesale | |
Marketbeat’s stock screening tools are a great place to find interesting stock plays, including the screen for Most Downgrades Stocks. Stocks with downgrades can signal many things, and one of them is when to buy. That’s right. A high-flying stock or stock with high-flying expectations... Read the Full Story |
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Consumer Discretionary | |
Shares of The Lovesac Company (NASDAQ: LOVE) are up more than 15% following a solid report and may go even higher. This company benefits from sustained strength in the furniture industry, but there is more to the story. The Lovesac Company is a unique offering in a rarely-disrupted space, and it i... Read the Full Story |
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Energy | |
Volatility has been on full display for the last couple of weeks. Concerns about the global banking system, interest rates and mixed economic data are keeping investors on the edge of their seats.
Daily fluctuations in the closely watched CBOE Market Volatility Index (VIX) have been unusually wi... Read the Full Story |
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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 |
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Business Services | |
Cintas Corp. (NASDAQ: CTAS) and others in the employer services industry are riding a wave of business that has yet to end. The pandemic caused a consolidation within the industry that led to increased client counts early on and increased penetration per client, resulting in a trend of revenue and... Read the Full Story |
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Technology | | Global networking solutions provider Ciena Corporation (NYSE: CIEN) stock has struggled to breakout of a weekly ascending triangle pattern despite its blowout Q1 2023 earnings report. Ciena is a network infrastructure company benefiting from the secular tailwinds of growing demand for higher-speed a... Read the Full Story |
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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.
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Technology | |
Meta Platforms Inc. (NASDAQ: META) has been showing renewed technical strength since rallying from early November lows. The stock broke out of a flat base on March 15. As of March 28, it was holding nearly 14% above its 50-day moving average, even as it pulled back slightly after the breakout.
Th... Read the Full Story |
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Medical | |
Clinical-stage biotechnology company Viking Therapeutics, Inc. (NASDAQ: VKTX) stock jumped more than 50% on positive Phase 1 data on its novel dual GLP-1/GLP agonist compound VK2735 for the treatment of obesity. Viking Therapeutics develops novel therapies for metabolic and endocrine disorders. Me... Read the Full Story |
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Consumer Staples | |
If you have doubts about the meaning of McCormick’s (NYSE: MKC) Q1 results, look no further than the price action chart. The stock price is up more than 10% on the news and indicating a bottom for this market. Sluggishness in consumer staples, slowing and post-COVID blues are fading away in ... Read the Full Story |
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Retail/Wholesale | |
Walgreens Boots Alliance (NASDAQ: WBA) is an alluring buy, with the stock trading at only 7.5X earnings and paying more than 5.75% in yield. This combination is among the best in a blue chip stock, and the dividend is safe for now. The other story driving the value of this stock is the turnaround ... Read the Full Story |
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Consumer Discretionary | |
Despite hitting a multi-year low at the start of the year, it’s been a great first quarter for streaming giant Roku Inc (NASDAQ: ROKU). Back in January, it meant their shares were down more than 90% from 2021’s high, but since then they’ve tacked on a solid 60% and look set to ke... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company offers consumer loans products, including home equity loans and lines of credit, automobile loans, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial real estate, commercial and industrial, and construction loans, as well as equipment lease financing loans. In addition, it offers letters of credit, cash management services, and traditional deposit products; and wealth management services, including investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns trust preferred securities; and sells various life insurance products. It provides its products and services through financial center offices, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking. Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania. | | View Today's Stock Pick |
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