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: My Deep Cut Pick Before Anthropic's IPO (Ad) 
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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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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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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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Consumer Discretionary | |
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 | | After the Dot-Com Bubble burst in March 2000, the Nasdaq fell 78% over the following decade. But gold staged a historic bull run, and select miners delivered gains of 50X, 53X, 252X, and even 362X.
Garrett Goggin, CFA, CMT and founder of The Golden Portfolio, has spent over 20 years studying these market rotations, including 15 years working alongside gold analyst John Doody. He's identified four gold miners positioned for the next rotation out of AI stocks. | | See Garrett Goggin's four gold miner picks before the next rotation begins |
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Industrials | |
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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Real Estate | |
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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Consumer Discretionary | |
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 Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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