In June 2022, China’s NaaS Technology, Inc. (NASDAQ: NAAS) had an eventful public market debut trading between $6.65 and $10.95 before closing at $8.46. In the nine months that followed, the electric vehicle (EV) charging stock was zapped of energy. It trended lower in weak volume, a reflect.... |
Good MorningEquity markets started the week quietly. Traders and investors are eyeing the CPI data due on Wednesday. CPI is expected to moderate on a month-to-month basis but remain strong on a YOY basis and possibly accelerate at the core level. The risk now isn't so much the CPI data but the price of oil underpinning inflation. With oil prices on the rise and heading to $100 per barrel, another acceleration of inflation should be expected.
This week is the start of peak earnings reporting season for the Q1 fiscal period. The first reports come out on Thursday and Friday, with the big banks reporting on Friday. The analysts have been lowering their expectations so the bar may be easy to bet. The risk in this quarter is that revenue and earnings will miss the consensus or worse, the guidance will be reduced. Int that scenario, the S&P 500 will have little choice but to move lower.
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| Consumer Discretionary | |
In June 2022, China’s NaaS Technology, Inc. (NASDAQ: NAAS) had an eventful public market debut trading between $6.65 and $10.95 before closing at $8.46. In the nine months that followed, the electric vehicle (EV) charging stock was zapped of energy. It trended lower in weak volume, a reflect... Read the Full Story |
| From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
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| Industrials | |
GreenPower Motor Company (NASDAQ: GP) is a win because it is an up-and-comer in the specialty EV market, and its hyper-growth phase is well underway. The company just released its Q4 delivery figures which show a 6X increase in deliveries across most model lines, with particular strength in the EV... Read the Full Story |
| Communication Services | |
Global entertainment and communications company Comcast Co. (NASDAQ: CMCSA) is the sum of all parts, generating a cumulative effect of stable and consistent growth. The company has transformed beyond being just a cable tv operator, although it still generates more than half its revenues from cable... Read the Full Story |
| 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.
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| Industrials | |
While the recent string of highly-televised train derailments might be a cause for The Greenbrier Companies' (NYSE: GBX) Q2 strength, it isn’t. Data from the Federal Railroad Administration has 2023 on track to continue a trend of declining accidents. No, The Greenbrier Companies' strength i... Read the Full Story |
| Consumer Staples | |
Beauty, fragrance, cosmetics and skincare have been resilient industries throughout the pandemic but turned red hot after the re-opening. As people reengaged with each other, consumers switched from athleisure and casual wear back to formal and business attire. This caught many retailers off guard... Read the Full Story |
| 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.
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| Energy | |
Halliburton Co.(NYSE: HAL) is one of the world’s largest oilfield services companies offering various service solutions addressing the oilfield lifecycle. The company primarily operates two core segments. Its Drilling & Evaluation (D&E) segment focuses on the drilling phase by provid... Read the Full Story |
| Technology | |
Splunk (NASDAQ: SPLK) provides a software platform that provides tools for enterprises to perform analytics, management and monitoring of their machine data. It's the security, information, and event management industry leader (SEIM). Gartner ranks it as a top IT observability and events managemen... Read the Full Story |
| Technology | |
While artificial intelligence (AI) seems to have come around full circle in 2023 as ChatGPT finally lit the fuse for full-blown mainstream adoption, International Business Machines Co (NYSE: IBM) unveiled its AI-powered Watson 12 years ago to little fanfare. AI was more of a novelty for science fi... Read the Full Story |
| Real Estate | |
The lumber and wood products industry saw one of the most significant increases to input costs during the COVID-19 pandemic, as the price of lumber rose from the low USD 400 per one thousand board feet to USD 1,680 per one thousand board feet in 2021. This rapid increase in the primary material ca... Read the Full Story |
| Markets | |
Investors on the hunt for little-known stocks setting up for big gains can look north: Two mid-cap Canadian energy companies, Crescent Point Energy Corp. (NYSE: CPG) and Ovintiv Inc. (NYSE: OVV) , gapped higher in early April.
Both stocks followed the same trajectory as other U.S. and Canadian o... Read the Full Story |
| Tuesday's Early Bird Stock Of The Day Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment. Its sports and recreation division offers fitness equipment, fitness accessories, and nutrition supplies; team and specialty sports equipment, including baseball, football, basketball, soccer, golf, racket sports, volleyball, backpacks, and sports bags; recreation products, which includes patio furniture, outdoor cooking, trampolines, play sets, watersports, and pet equipment, as well as wheeled goods including bicycles, skateboards, and other ride-on toys; and electronics and watches, as well as front-end products, such as consumables, batteries, etc. The company's apparel division provides outdoor and seasonal apparel, denim, work apparel, graphic t-shirts, and accessories; boys and girls outdoor, and athletic apparel; sporting and fitness apparel; and professional and collegiate team licensed apparel and accessories. Its footwear division offers casual shoes, slippers, seasonal footwear, and socks; work and western boots, shoes, and hunting footwear; boys and girls footwear; athletic footwear, such as running shoes, athletic lifestyle, and training shoes; and team and specialty sports footwear, and slides. The company sells its products under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Game Winner, Outdoor Gourmet, and Freely brand names. Academy Sports and Outdoors, Inc. was founded in 1938 and is headquartered in Katy, Texas. | | View Today's Stock Pick |
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