Good MorningEquity markets ended the week on a down note after a host of earnings reports came in better than expected but left the outlook for the 2nd half in peril. The consensus estimates for 2nd half earnings growth continue to decline and have Q3 on the brink of turning negative. This is on top of a growing certainty that a recession is coming; the only question is when.
The takeaway from last week's economic calendar is that The Index Of Leading Indicators fell to -1.2, nearly double the expectation and an acceleration of recessionary factors. This is the 15th month of negative leading indicators, and the trend is strengthening. This week will bring another read of the PCE price index, and it may not be enough to get the market back into rally mode. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
|
Materials | |
Certain mining stocks are falling after the Chilean government announced its plan to change the nation's stance toward the mining industry, rightfully worrying most investors. Chile has delivered it's long-awaited - and speculated decision on giving the state majority ownership in all new mining c... Read the Full Story |
|
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 |
|
Healthcare | |
The pandemic shook medtech companies, with procedures cut and elective surgeries pushed off until “later.” That later time is here and helping to drive results for several companies. Boston Scientific Corp. (NYSE: BSX), Dexcom Inc. (NASDAQ: DXCM) and Intuitive Surgical Inc. (NASDAQ: IS... Read the Full Story |
|
Materials | |
A vast population of market participants seems to be focused on the hype and growth potential that electric vehicles are bringing to light, however as the space is filled by companies that may or may not survive the "growth" stage or ever see profitability in their operations, investors may be bet... Read the Full Story |
|
From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
|
Materials | |
Industrial stocks have been struggling to gain traction in 2023, but news from PPG Industries (NYSE: PPG) and CSX (NYSE: CSX) has these stocks melting-up. The combination of underlying business strength and internal efficiencies resulted in better-than-expected earnings reports that point to compa... Read the Full Story |
|
Consumer Staples | |
Procter & Gamble’s (NYSE: PG) Q3 report echoes news from other Dividend Kings that have reported this week. The report is a shining example of why Dividend Kings, Dividend Aristocrats and dividend growth stocks like Procter & Gamble, Clorox (NYSE: CLX) and Genuine Parts Company (NYSE... Read the Full Story |
|
From Our Partners | | Nvidia has invested more than 7 billion dollars into a light speed device that could reshape how AI systems operate.
Bill Gates put in over 200 million of his own money, while BlackRock, Vanguard, Morgan Stanley and Norway's sovereign wealth fund are positioning around it. Related stocks have already climbed 133 percent, 217 percent and 320 percent.
Wall Street analyst Jason Bodner, who called Nvidia at 4.50, is sharing his top pick tied to this trend at no cost. | | Click here to see Jason Bodner's free AI stock pick |
|
Consumer Discretionary | |
The vehicle market for Americans has been a nightmare for the past two quarters, and it is likely moving onto three. As low rates and cheap loans pushed inventory for new vehicles toward dangerously low levels, coupled with a chip and semiconductor shortage completely disrupting new inventory from... Read the Full Story |
|
Communication Services | |
Shares of Netflix (NASDAQ: NFLX) are still down from their peak, but the odds of a full reversal are improving. The Q1 results were mixed, but factors within the report suggest business will accelerate through the end of the year. This has the analysts shifting their sentiment and targets, and the... Read the Full Story |
|
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 |
|
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 |
|
Consumer Discretionary | |
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 |
|
Monday's Early Bird Stock Of The Day AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas. | | View Today's Stock Pick |
|
