Good MorningEquity markets tried to rebound on Wednesday but couldn't. Solid earnings from tech majors like Google and Microsoft and consumer favorites like Chipotle Mexican Grill were overshadowed by fear of growing bank contagion. The latest news from the First Republic scandal is the bank needs to raise more capital to avoid a government takeover, and the $30 billion deposited by the US largest banks may already be lost. With the FOMC slated to hike rates by another 25 basis points next week, the odds of another bank failure are growing.
Thursday could see another day of decline. The market is cheering the better-than-expected earnings season, but fear of recession is also growing. Reports from companies like UPS and Packaging Corporation of America are contrary to the strength shown by other companies and point to widespread economic slowing. The news of the week will come out tomorrow. The PCE price index is due at 8:30 AM and is a high-probability market-moving event. Featured: 100% overnight gains? (Ad) 
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Industrials | |
Manufacturing and basic materials stocks like MMM (NYSE: MMM) have been declining for the past two years as fears of a coming recession in 2023 brew in the minds of the market and consumers alike. It is not encouraging to see the United States manufacturing PMI index read below 50% (signaling econ... 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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Consumer Staples | |
As the 2023 NFL Draft reminds us, offensive players get a lot of attention. The same goes for the stock market.
The high growth potential of flashy startups and technology innovators attracts many investors to offense. But while these names can produce impressive financial stats, they come with ... Read the Full Story |
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Technology | |
Reasons to take profits in chip stocks are growing, and Texas Instruments (NASDAQ: TXN) is 1 of them. The company’s Q1 results and outlook weren’t horrible, but they didn’t inspire a rally, and more of the same can be expected from the group. Texas Instruments is a diversified ch... 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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Consumer Discretionary | |
CEO Brian Niccol continues to prove his worth to Chipotle Mexican Grill (NYSE: CMG) and its investors. The company’s strategy has taken on a new meaning, with growth exceeding expectations on the dual tailwinds of expansion and deepening penetration. It can not be overstated the importance o... Read the Full Story |
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Finance | |
Whenever an entire sector appears to be on fire, as is the case with financials at the moment, there are usually areas of opportunity among stocks bucking the broad sector trend.
One stock, Fintech company Fiserv Inc. (NASDAQ: FISV), even managed to break out of a base while not only financials,... Read the Full Story |
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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 |
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Materials | |
The Fed is slated to meet and release its April policy statement in 1 week, which will be a pivotal moment for the market. The committee has indicated another 25 basis point hike is coming but may be the last one this year. The risk for the market is multifaceted in that PCE data is due out this w... Read the Full Story |
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Materials | |
The Sherwin-Williams Companies (NYSE: SHW) is not a high-yielding stock. Still, it is a well-known dividend grower with the capacity to maintain its double-digit distribution growth rate long into the future. Considering the stock is trading near long-term lows and showing a bottom, it is all the ... Read the Full Story |
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Technology | |
A 7% jump in last night's after-hours session should tell you everything you need to know about Microsoft (NASDAQ: MSFT) Q2 earnings. We'll have to wait and see how shares trade in Wednesday's session before it's definitive, but for now, at least, it looks like the numbers could well be fueling a ... Read the Full Story |
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Communication Services | |
Last night, Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, announced its first-quarter earnings, revealing strong financial results that beat both market and analyst expectations. Just like with Microsoft Corp’s (NASDAQ: MSFT) earnings, the strong beat will be a tailwind for man... Read the Full Story |
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Technology | |
Enphase Energy, Inc. (NASDAQ: ENPH) stock is down 16% in after-hours trading after concerns about softening revenue in the next quarter. On a day when investors were reminded that the banking crisis is still festering in the background, any bad news was going to be punished. However, as difficult ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices. It provides co-location services; and managed hosting services, such as storage, back-up management, performance monitoring, infrastructure monitoring and management, network availability, server load balancing, managed shared firewall, web server log reporting, and remote and smart hands services. In addition, it offers managed network services; EDGE services; cloud and managed services, including infrastructure as a service, platform as a service, virtual private data center, computing services, IT platform, backup and recovery solution, and content delivery network; remote and onsite infrastructure managed services; and managed security services. Further, the company provides technology integration services; application integration services, which includes talent management, supply chain management, web portal solutions content services, portal development and maintenance, eLearning, digital signature, SAP, Microsoft, Oracle services. The company was formerly known as Sify Limited and changed its name to Sify Technologies Limited in October 2007. Sify Technologies Limited was incorporated in 1995 and is headquartered in Chennai, India. Sify Technologies Limited is a subsidiary of Ramanand Core Investment Company Private Limited. | | View Today's Stock Pick |
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