Good MorningEquity markets tried to extend last week's rally on Monday, but early gains faded by the afternoon leaving the S&P 500 flat for the day. The move was driven by hopes the economy has seen the worst of inflation and interest rates, offset by the reality that inflation is still hot and the FOMC is still on pace to hike rates. The latest data from the CME suggests another 50 basis point hike will not be coming but that the peak of interest rates could be above 5.5%. This has the average 30-year mortgage rate hovering around 7.4% and near the highest levels in over 20 years. At this level, mortgage demand is in quick retreat and has analysts downgrading the homebuilding sector.
Later this week the NFP report will move the market. The pace of employment is expected to slow to near 200,000 which is still a healthy figure; the questions that need to be answered are about unemployment, wages, and revisions to the previous month. The crucial data will be the wage data; another 4% or greater increase in wage inflation will surely keep the FOMC on track with its plans and weigh on the outlook for S&P 500 earnings. Featured: Better than SpaceX? Grab this ticker instead. (Ad) 
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Basic Materials | |
Chemical and materials maker Cabot Corporation (NYSE: CBT) may offer a buy opportunity the next time shares retreat to a key moving average, such as the 10-day, 21-day or 50-day.
Like smaller rival Orion Engineered Carbons (NYSE: OEC), mid-cap Cabot makes carbon blacks, used to improve the perfor... Read the Full Story |
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From Our Partners | | CFA and CMT analyst Garrett Goggin called G2 Goldfields before it rose 1,023%, Reunion Gold before 538%, Highlander Silver before 741%, and Orogen Royalty before 416%. He also publicly predicted Newmont's 126% gain in 2025.
Now Goggin says the 1974 petrodollar agreement between Washington and Riyadh has quietly expired, central banks are buying gold at the fastest pace since 1950, and a major monetary shift is underway. He has identified four specific positions - plus two bonus opportunities for readers. | | Read the full briefing and see all four positions plus two bonuses |
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Markets | |
Texas-based biotechnology company Reata Pharmaceuticals, Inc. (NASDAQ:RETA) lulled shareholders to sleep in 2022. The news flow was light, the trading pattern sideways and volume virtually nonexistent.
Things changed in dramatic fashion last week.
On February 28th, the U.S. Food and Drug Admini... Read the Full Story |
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Markets | |
All investors and investors dream of always buying low and selling high. Buying on the dip is a way to achieve that goal, but is it always foolproof?
Recently, Mobileye Global Inc. (NASDAQ: MBLY) fell to a January 6 low of $28.73 before rallying, and two months later, was trading 45% higher. Inve... Read the Full Story |
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From Our Partners | | Ross Givens, Director of Research at Traders Agency, is calling for gold to reach $10,000 an ounce this supercycle - and says that may be conservative. Billionaire Pierre Lassonde has argued for $19,000. Former CIA advisor Jim Rickards targets $27,000 based on a federal revaluation of the gold supply.
But the bigger opportunity may not be gold itself. A 'backdoor' gold-linked asset has historically multiplied gold's move by 10x or more - returning 846%, 1,668%, 1,847%, and 1,915% in the last supercycle. | | Watch the free video briefing and learn the No. 1 trade to leverage rising gold |
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Markets | |
Why do bank robbers rob banks? Because that's where the money is. There are numerous choices in the world of dividend investing. From dividend aristocrats to REITs, utilities, and consumer staples stocks, finding the right dividend stocks for your portfolio can be overwhelming. Bank stocks can be ... Read the Full Story |
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Auto/Tires/Trucks | |
Investors watching Mullen Automotive (NASDAQ: MULN) will know that it just partnered up with Rapid Response Defense Systems and this is good news. Rapid Response Defense Systems is a leading government contractor specializing in partnerships with small businesses. It was just awarded a new contrac... Read the Full Story |
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From Our Partners | | On July 17th, the House passed the GENIUS Act - and at least one prominent Trump ally is raising alarms. Rep. Marjorie Taylor Greene claims the bill contains 'the entire setup, groundwork and infrastructure to move from cash to digital currency.'
If the legislation becomes law, the implications for how Americans store and control their money could be significant. There may be a limited window to act before it takes effect. | | Learn what steps you can take to protect your wealth before this becomes law |
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Energy | |
Nextracker (NASDAQ: NXT) IPOd only a few weeks ago but is already building momentum for a sustained rally. The company provides equipment, software, and services for the solar industry and is a high-demand business. Nextracker doesn’t make solar panels; it makes the equipment the solar panel... Read the Full Story |
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Finance | |
Private equity real estate funds, crowdfunding platforms, and syndicators all seek to justify their high fees and bonuses to investors by convincing them that only they can deliver the results they promise. Ultimately, purchasing real estate is not much different from analyzing a business, which, ... Read the Full Story |
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Retail/Wholesale | |
Retail department store chain Kohl’s Corporation (NYSE: KSS) had a disastrous Q4 2022 earnings report missing top and bottom lines and lowering its full-year 2023 guidance. Kohl's missed almost every metric as shares initially sold off in the post-market but rebounded the following day, leav... Read the Full Story |
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Markets | |
Lordstown Motors (NASDAQ: RIDE) may be the most heavily shorted name in the EV universe, saying something. EV names from Mullen Automotive (NASDAQ: MULN) to Fisker (NASDAQ: FSR) are short 50% or more according to Fintel.io dark-pool data and Lordstown Motors is in the more category.
Officially, s... Read the Full Story |
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Energy | |
Rock-bottom interest rates, government stimulus globally, hopes of reopening, and record new orders with clogged backlogs - all these factors contributed to the rapid rise in oil and other energy commodities during the 2020-2022 period. These advances benefited some industries more than others, na... Read the Full Story |
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Tuesday'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 |
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