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: The AI IPO window is opening fast (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 | | Elon Musk bought Super Bowl ad time at $266,000 per second - something he has never done before. 125 million Americans watched, but Whitney Tilson, former manager of a $200 million hedge fund, says most investors missed what it actually means.
With 1 in 3 Super Bowl viewers using buy-now-pay-later services and 40% of Americans carrying more credit card debt than savings, Tilson believes Elon's message reveals a major economic current - and a clear signal for where smart money should be positioned. | | Watch Tilson's free presentation to see what he thinks you should do now |
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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 | | The U.S. Treasury still carries America's gold reserves at $42 per ounce — a price set generations ago. Buried in U.S. Code Title 31, Section 5117 is a provision allowing the Treasury to revalue those reserves to modern market prices. With gold now trading above $2,600 and record government debt putting pressure on the monetary system, attention is returning to this mechanism and what a revaluation could mean for the dollar and for private gold holders. Historically, when monetary systems shift, wealth doesn't disappear — it moves. The U.S. Gold Bureau has put together a complimentary Precious Metals IRA investor guide for Americans looking to understand how to position ahead of the next phase. | | Request Your Free Precious Metals IRA Guide from the U.S. Gold Bureau |
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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 Staples | |
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 | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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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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Auto/Tires/Trucks | |
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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Retail/Wholesale | |
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 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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