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: The case for trading fewer setups, not more (Ad) 
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Medical | |
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 | | 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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Technology | |
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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Medical | |
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 | | 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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Consumer Discretionary | |
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 | | 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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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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Auto/Tires/Trucks | |
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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Aerospace | |
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 Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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