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: Move Your Money Here Before September 30th (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 | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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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 | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts 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 | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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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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