Good MorningEquity markets closed with a gain on Tuesday, but the advance was slim, and the takeaways bearish. The S&P 500 closed with a gain of 0.09% after trading in a tight range that confirms the presence of resistance at the 4,150 level. 4,150 has been a line the bulls can not cross since the middle of 2022, and nothing in the outlook says that will change now.
Some better-than-expected earnings reports and guidance are helping to lift the market, but it may be too little too late. Data in the form of housing starts and building permits suggests the economic contraction everyone expects is getting worse. The data show starts and permits fell more than expected compared to last month and are down 17% and 24%, respectively. Because permits are a leading indicator of starts, the start figure should be expected to decline further. Featured: Learn 7 secret wealth tips high net worth investors use (Ad) 
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Utilities | | Utility companies perform essential services -- from powering homes to providing clean water -- that rarely garner investor attention unless something goes wrong. Although these stocks might seem unexciting due to their modest growth prospects, they offer notable benefits for risk-averse investors s... Read the Full Story |
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Markets | |
Gamida Cell Ltd. (NASDAQ: GMDA) is an Israeli-based developmental biotechnology company specializing in discovering and advancing cell therapies to fight blood cancer and other illnesses. The stock traded as high as $15.40 in 2018 when it went public and sank to a low of $2.60 by March 2020. The s... Read the Full Story |
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Industrials | |
If you are looking for a stock with high insider interest and insiders buying EasyJet plc (OTCMKTS: ESYJY) could be your stock. This company has high insider interest, the insiders have been buying regularly for years, and it just reported a blow-out quarter. Combine this with the lowest share pri... Read the Full Story |
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From Our Partners | | AI data centers have a power problem nobody likes to talk about. A single rack of computers can now use more electricity than an entire office building.
One new chip, which looks more like a piece of plywood than a processor, delivers similar performance on a fraction of the power. Tech investing veteran George Gilder says that efficiency gap could decide who wins the next stage of AI.
Gilder has identified three companies positioned around this power breakthrough, calling them the Trillion Dollar Triangle. | | See the three companies behind this AI power breakthrough now |
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Finance | |
Bank of America (NYSE: BAC) has blown past analysts' expectations on top-line and bottom-line earnings, leading to a 13% year-on-year net revenue growth and a respective 15% net income growth by the same measure; earnings per share were reported at 94 cents. The push in revenue came amid growth ac... Read the Full Story |
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Utilities | |
Proposed changes to California’s net-metering rules have cut the share prices for companies like Sunrun (NASDAQ: SUN) and Enphase (NASDAQ: ENPH), but analysts still see a bright future. Net-metering, the ability to sell unused power back to the grid, is critical in selling solar to the masse... Read the Full Story |
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From Our Partners | | Vincere runs 12 uncorrelated automated algorithms that target returns from market movement, not direction. Since January 2020, the system has posted positive returns during every major drawdown.
The strategy carries a -0.21 correlation to the S&P 500 and has historically outperformed it by roughly 5x, backed by a third-party-audited, 70-plus month track record. It trades U.S.-regulated futures inside your own brokerage account.
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Industrials | |
J.B. Hunt (NASDAQ: JBHT) didn’t have a horrible quarter, but it did miss the consensus estimates on a combination of factors, which is terrible news for the broad economy. The combination of higher prices and rising interest rates produced a larger-than-expected decline in demand that impact... Read the Full Story |
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Consumer Discretionary | |
Sally Beauty Holdings Inc. (NYSE: SBH) is the world's largest retailer and distributor of professional hair and beauty supplies. It operates over 3,100 stores throughout 12 countries. Sally Beauty sells its products to salon professionals and retail consumers with more than 8,000 hair, skin and na... Read the Full Story |
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Communication Services | |
Immersive motion picture technology company IMAX Corp. (NYSE: IMAX) has a wide moat for its movie theater technology and systems. Not to be confused with movie theaters, IMAX licenses its movie theater systems but doesn't own the theatres. Unlike a movie theater's most considerable expense, IMAX d... Read the Full Story |
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Technology | |
Dropbox Inc. (NASDAQ: DBX) has evolved from a cloud storage provider to a file-sharing, synchronization and workflow collaboration platform. The company also has its own document e-signature protocol. The pandemic caused many workers to take on remote freelance and contract work. Dropbox appeals t... Read the Full Story |
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Healthcare | |
When SVB Securities analyst David Risinger reiterated his bullish opinion on Vaxcyte, Inc. (NASDAQ: PCVX) last week, few investors noticed. The stock barely budged.
Why bother getting excited about a biotech name traded sideways in little volume for five months? Well, because it’s biotech.... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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