Good MorningEquity markets tread water on Monday as participants brace for a busy week. Both the economic and earnings calendars are filled this week and promise to bring market-moving news. The question is whether the news will move the market firmly in one direction or if volatility will reign supreme. On the earnings front, reports from J.B. Hunt, Netflix, Abbott Laboratories and Proctor & Gamble are at the top of the list and promise to give a deeper view into a broad swath of the economy.
On the economic front, the market is waiting for a host of reports on manufacturing, the housing market and the Index of Leading Indicators. The Index of Leading Indicators is of particular concern because it has been negative for over a year and is expected to accelerate its decline this month. This is a signal of recessionary pressures and one that is getting louder as the months go by. Featured: A Free List of Seven High Yield Stocks Everyone Ignores (Ad) 
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Consumer Staples | |
PepsiCo Inc. (NASDAQ: PEP), blue-chip consumer staple and Dividend King, has been trending higher and will soon break out to new highs. The analyst-driven trend is due to the company’s diversification strategy and dominance of the snack food aisle. The analysts have issued a steady string of... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Markets | |
Among large-cap energy names, Pioneer Natural Resources Co. (NYSE: PXD), Devon Energy Corp. (NYSE: DVN) and Kinder Morgan Inc. (NYSE: KMI) pay some of the highest dividend yields among their sector peers in the S&P 500.
While yield is certainly a crucial component of investing (and high yield... Read the Full Story |
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Finance | |
State Street (NYSE: STT) shares have declined by more than 10% in today's trading session, past any standard deviations experienced in the past on a normalized basis by investors. This reaction is attributed to market sentiment reflecting what has been reported in the latest quarterly earnings. Th... Read the Full Story |
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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.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Finance | |
We knew it was coming, and we’ve written about it already, but this morning’s release of their Q1 numbers just confirmed Charles Schwab Corporation’s (NYSE: SCHW) recovery has begun. It was a breath of fresh air for investors of the online broker. Having seen their shares decimat... Read the Full Story |
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Consumer Discretionary | |
A new upgrade from JPMorgan Chase & Co. (NYSE: JPM) suggests Ollies Bargain Outlet Holdings, Inc (NASDAQ: OLLI) has value. They upgraded the stock from Underweight to Neutral, which is not an inspiring move but 1 that helps lift the ceiling for the market. An increase in confidence was cited, ... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Markets | |
Amyris, Inc. (NASDAQ: AMRS) is a small-cap company with a market cap of just over $381 million at the time of this writing. And the stock is a legitimate penny stock, with shares trading just over the $1 mark in early morning trading on April 17, 2023.
As is often the case, that’s drawing... Read the Full Story |
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Consumer Discretionary | |
The Macau reopening is going well, as Macau’s March gambling revenue rose 247% year-over-year compared to the expected 205%, as tourists rush back to casinos following the extended lockdown in China. It’s the highest number since January 2020.
While the situation in Macau looks bullis... Read the Full Story |
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Markets | |
With the chip stocks expected to begin reporting soon, the sector is coming into focus, and Wells Fargo (NYSE: WFC) just announced its 2 top picks. Analysts Gary Mobley chooses NXP Semiconductors (NASDAQ: NXPI) and Wolfspeed (NASDAQ: WOLF) for differing reasons. In his view, NXP Semiconductor sha... Read the Full Story |
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Consumer Discretionary | |
Garrett Motion (NYSE: GTX) is a manufacturer of commercial and light-vehicle turbochargers for the OEM market, and it just released news that could turbocharge this market and spark a short squeeze. The company released preliminary results for the Q1 period and guidance for 2023 that is well above... Read the Full Story |
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Consumer Discretionary | |
Walmart (NYSE: WMT) has announced that it will pursue further automation in its stores, as wage inflation is driving a decline in margins for operators. A swift replacement in the underlying staff composition and productivity is the initial step for the giant to pivot into the next phase of capita... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California. | | View Today's Stock Pick |
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