Good MorningEquity markets continue to tread water beneath significant resistance points as investors weigh the onslaught of earnings reports. While most reports are better than expected, the news is often mixed regarding analysts' expectations, and guidance is more in line with the consensus than not. In the eyes of a market that needs improvements, the news is ok but not enough to spur a sustainable rally.
Next week will be a challenge for the market. Not only does the Q1 reporting season kick into high gear, but the PCE Price Index is due out on Friday. Given the state of inflation and interest rates, this reading may be more important than ever. A hot report, or even one that is only slightly cooler than before, may not be enough to excite investors. With high inflation, the market needs to expect interest rates to remain high and that general demand will continue to decline. Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
IBM’s (NYSE: IBM) share price is struggling to hold gains inspired by the Q1 earnings report, and they may move lower but don’t take this as a signal to sell. The results failed to sustain a rally, but they aren’t bad. The results are mixed; IBM isn’t growing fast, but who ... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Consumer Staples | |
Shares of Philip Morris International, Inc. (NYSE: PM) are trying to stage a recovery after falling 5% in pre-market trading on April 20. This came after the company reported mixed results in its first quarter earnings. However, prior to the sell-off, PM stock was beating the S&P 500 index ove... Read the Full Story |
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Retail/Wholesale | |
Genuine Parts Company (NYSE: GPC) has had its share of ups and downs, but along the way, it has proven the value of Dividend Kings. Dividend Kings and their 50+ year history of distribution increases have proved an ability to operate in all markets, a willingness to change with the times, and the ... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Construction | |
As good as D.R. Horton’s (NYSE: DHI) Q2 results and outlook are, the home building industry is rushing toward a cliff that points to slowing sales over the long term. Supply/demand imbalances aside, the rise of inflation and interest rates is hurting the market; the quarterly strength is due... Read the Full Story |
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Finance | |
Consumer spending usually follows close behind when the economic cycle swings from expansion to contraction. As discretionary and corporate spending increases, American Express (NYSE: AXP) is able to report a total 16% network growth rate annually in its first quarter earnings results, driven by a... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Financial Services | |
There was always a chance it was going to happen, but not many on Wall Street were expecting such a beat from Morgan Stanley (NYSE: MS). The New York-headquartered financial giant reported their Q1 numbers yesterday, which really could have gone anywhere because, as quarters go, it was a rough one... Read the Full Story |
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Basic Materials | |
The United States Capacity Utilization readings have been on a bouncing rally since a drastic slip in the fourth quarter of 2022. Currently, the nation is reading 79.8% capacity utilization, a still-elevated level risking ongoing inflation, which may not satisfy FED targets and could bring on furt... Read the Full Story |
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Medical | |
The day after Intuitive Surgical, Inc. (NASDAQ: ISRG) beat on earnings, ISRG stock is off to the races. On a day when the broader market is slumping, shares of Intuitive Surgical are up more than 11% in late-session trading. This puts the stock up 26% for the month. But with a forward price-to-ear... Read the Full Story |
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Consumer Discretionary | |
The decline of COVID and easing travel restrictions drive a robust recovery for leisure stocks like Las Vegas Sands (NYSE: LVS). That rebound took on a new tone with the company's Q1 report, characterized by words like robust and acceleration. The takeaway is that Las Vegas Sands and competitors l... Read the Full Story |
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Auto/Tires/Trucks | |
In what will have been one of the most anticipated earnings reports of the season, electric vehicle giant Tesla Inc’s (NASDAQ: TSLA) released their latest numbers after yesterday’s session. In terms of the resulting fanfare, surprise and commentary, it didn’t disappoint.
Compar... Read the Full Story |
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Friday'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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