Good MorningEquity markets rose last week, but bank earnings capped the gains. The banks reported better than expected top and bottom line results due to the rise of interest rates. The news is good for them because they make money when rates are high or low; the bad news is that the rest of the economy is paying more for credit and loans, which impacts demand.
The inflation data helped to lift markets last week, but that lift may be short-lived. Oil prices are rising and will underpin another acceleration of inflation if not capped soon. Based on the IEA's demand outlook and OPEC+ production cuts, oil prices will likely move higher in 2023. Featured: Can Your Bank Answer This Question? (Ad) 
|
Medical | |
The topic of weight loss drugs has been making recent headlines. The positive phase 1 clinical trial for Viking Therapeutics Inc. (NASDAQ: VKTX) GLP-1 treatment VK2735 caused its shares to rally more than 50%. It found that participants lost up to 8% of body weight using single and weekly doses in... Read the Full Story |
|
From Our Partners | | Under Executive Order 14299, President Trump has ordered the U.S. Army and Department of Energy to launch a bold new joint project on American soil.
Most people won't know this operation is underway - but its outcome could be pivotal to America's future. Chief Investment Strategist Adam O'Dell of Money and Markets has the full story. | | Click here now to see what the Army and DoE are preparing |
|
Finance | |
Earnings season for the banking sector stocks is typically a reliable indicator, a window perhaps, into the state of economic affairs and how the industry that "does" money is positioned as the banks reflect their future outlooks in their operations and financials. In the case of Citigroup (NYSE: ... Read the Full Story |
|
Financial Services | |
Historically speaking, lower interest rate environments favor (price appreciation-wise) certain banking stocks rather than others, and vice versa when rates are raised such as they are now. Banks can be divided into two main categories. Investment banks focus on their corporate business franchises... Read the Full Story |
|
From Our Partners | | Why Some Traders Skip Stocks Entirely
You don't need a big account to trade options.
In fact, options can give you up to 12 times the leverage of stocks — with a fraction of the capital tied up.
This free guide lays it all out in plain English — from A to Z, with step-by-step examples you can follow in your own account. | | Normally $29.97. Today it's free. Grab your copy now. |
|
Technology | |
The hot word of the day for technology companies across the industry spectrum is artificial intelligence focusing on creating user-friendly responsive chatbots that can successfully compete with ChatGPT and its capabilities. Once Microsoft (NASDAQ: MSFT) expressed its interest in the technology by... Read the Full Story |
|
Auto/Tires/Trucks | |
Mobileye Global Inc. (NASDAQ: MBLY) was among the largest IPOs of 2022, admittedly a weak year for public-company launches, as markets declined and tech, in particular, got slammed.
The stock has shown strong price appreciation, as well as earnings and revenue growth. It beat expectations on both... Read the Full Story |
|
From Our Partners | | A top Wall Street adviser is warning of a new threat 62 times bigger than the Great Depression - one that Bloomberg says is already 'wreaking havoc' across the country.
It could wipe $33 trillion from the market and impact 67 million Americans. Major CEOs including Sam Altman are reportedly seeking help, and it has nothing to do with interest rates, the Fed, or geopolitical conflict. | | See what you can do right now to defend your portfolio |
|
Medical | |
UnitedHealth Group (NYSE: UNH) is a healthy investment, but that doesn’t mean its share prices won’t fall. The company’s Q1 results were better than expected and driven by strength in both segments, but guidance was tepid. The takeaway is that this company is growing, but its rel... Read the Full Story |
|
Energy | |
Wondering why Enphase (NASDAQ: ENPH) is up 7%? Because it is because the stock is the leading solar play on the market, at least according to Deutsche Bank, but they may be right. The company offers a full range of home-based solar solutions that begin with its micro-inverter design. The micro-inv... Read the Full Story |
|
Finance | |
JPMorgan Chase & Co. (NYSE: JPM) blew past the Marketbeat.com consensus estimates, which is good news for the bank. Its core business is performing strongly in the high-interest rate environment, but this may not be good news for the broader market. A surprise gain in NII underpins JPMorgan&rs... Read the Full Story |
|
Retail/Wholesale | |
Shares of Tractor Supply Company (NASDAQ: TSCO) have steadily plowed new highs over the last few years, and it is on track to harvest another. The Life Out Here strategy by CEO Hal Lawton produced a bumper crop of growth the company will ride to new highs over the coming years. That might be why ... Read the Full Story |
|
Technology | |
While headwinds persist for the semiconductor industry, signs within the industry suggest not all is lost for Kulicke and Soffa Industries (NASDAQ: KLIC). High inventory and weak demand are plaguing some sections of the semiconductor market, and that is bad news for companies like AMD (NASDAQ: AMD... Read the Full Story |
|
Monday's Early Bird Stock Of The Day U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. It also provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, the company offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. Further, it provides investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Additionally, the company provides corporate and purchasing card, and corporate trust services. Furthermore, it offers trust and investment management, merchant and ATM processing, mortgage banking, insurance, and brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota. | | View Today's Stock Pick |
|
