Good MorningEquity markets tread water on Monday as investors weighed a fresh round of earnings reports and prepared for another inflation report. On the earnings front, reports continue to come in better than expected, but instead of pointing to a solid rebound in the 2nd half inflationary pressures persist and volume declines are taking a toll on the outlook. If this trend continues, it is likely the S&P 500 will move lower by the end of the reporting session but it is still early in the cycle.
The PCE price index is due out on Friday. This is the last read on inflation before the next FOMC meeting and will set the tone for the upcoming decision. If inflation shows cooling the FOMC may be able to hike once more and then pause to wait and see what happens. If not, the Fed may be forced to hike more than expected and there us still the oil price to consider. The price of oil is expected to move higher due to OPEC's production cuts and that may reinvigorate inflation. Featured: He started with $2,000. Now he's at $3 million. (Ad) 
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Healthcare | |
Legend Biotech Corporation (NASDAQ: LEGN) is among the many healthcare names vying for a breakthrough in cancer treatment. Last week, the New Jersey-based company had just that.
On April 19th, a data leak revealed that Legend Biotech’s Carvykti, a blood cancer therapy, performed extremely w... 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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Communication Services | |
Quantum computing is starting to make more headlines with the mainstream penetration of artificial intelligence (AI) applications using ChatGPT. Quantum computing is a revolutionary milestone in computing that applies the principles of quantum mechanics, which studies the behavior of energy and ma... Read the Full Story |
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Healthcare | |
The med-tech companies have gotten a lot of attention lately, and Medtronic (NYSE: MDT) is included. The rebound in procedures and healthcare services following the pandemic drives a rebound in the industry amplified by innovation. In the case of Medtronic, it just received approval for an insulin... 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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Communication Services | |
3D video game and metaverse community platform Roblox Co. (NYSE: RBLX) shares plummeted 12% on April 17, upon the release of its March 2023 user metrics report. The report also caused Unity Software Inc. (NYSE: U) shares to sink. The company has struggled monetizing its daily active users (DAUs) d... Read the Full Story |
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Technology | |
Most chip stocks are up off their lows and have trended higher, like NVIDIA Corporation (NASDAQ: NVDA) and On Semiconductor Corporation (NASDAQ: ON). The first quarter season should be solid amid a market downturn, but the guidance may not be enough to keep the market moving higher. A new report f... Read the Full Story |
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From Our Partners | | A small-cap gold and silver royalty company is generating record revenue from producing mines, yet shares still trade under 1 dollar.
It just signed the largest transaction in its history, a new gold streaming deal backed by a strategic relationship with a major mining investment firm.
A well-known sector financier has invested his own money and joins the CEO in an exclusive interview breaking down the full story. | | Click here for instant access to the free report now |
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Industrials | |
The 3D printing technology trend may be in the early stages of industrial application despite its earlier boom-and-busted hype cycle. Leading polymer 3D printing solutions provider Stratasys Ltd. (NASDAQ: SSYS) has rejected three offers from Nano Dimension Ltd. (NASDAQ: NMDN). Stratasys felt the ... Read the Full Story |
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Consumer Discretionary | |
If you use the analysts for a guide, the post-release dip in Garrett Motion Inc. (NYSE: GTX) shares offers a buying opportunity. The consensus is a "buy" with a price target roughly 85% above the pre-release price action, but there is a caveat. MarketBeat tracks only one analyst with a current rat... Read the Full Story |
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Markets | |
The private label trend in the U.S. continues to accelerate as retailers offer these generic food items under their own brands and logos. This is not a new concept. European grocery stores are known for having nearly 50% of their products sold under their private label. This is why major European ... Read the Full Story |
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Industrials | |
Space exploration infrastructure services and machines manufacturer Intuitive Machines Inc. (NASDAQ: LUNR) already has two strikes against it right out of the gate. The stock went public through a special purpose acquisition company (SPAC) reverse merger on Feb. 14, 2023. The mere notion of a SPAC... Read the Full Story |
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Finance | |
The Silicon Valley Bank bankruptcy shook the regional bank sector as investors panicked and depositors quickly transferred their money to larger financial institutions like JPMorgan Chase & Co. (NYSE: JPM) or Bank of America (NYSE: BAC). Fifth Third Bancorp (NASDAQ: FITB) stock nosedived from ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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