Good MorningEquity markets rebounded last week, and the rally may continue this week. A combination of easing fear, easing inflation and better-than-expected earnings reports is why. The S&P 500 gained over 3.25% for the week in a high-conviction move that could reach the 4,200 level soon. The risk for traders is that resistance at the 4,200 will cap gains until later in the year.
This week will be driven primarily by the economic data. There are few earnings reports on the calendar but multiple economic events. Most of those are centered on the labor market and could point the way toward the Fed's next move. If the labor market shows signs of weakness or deterioration, the committee may have no choice but to hold back on the next interest rate hike. Until then, inflation remains hot despite the cooling indicated in last week's data.
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Consumer Discretionary | | Athletic footwear and apparel maker NIKE Inc. (NYSE: NKE) shares fell on Its fiscal Q3 2023 earnings release. The report was stronger than expected, but margin compression and rising inventories snuffed out any immediate buying pressure on its stock. Despite beating sales estimates by over a billion... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Communication Services | |
The wireless business in the US is extremely competitive and has seen substantial expansion and innovation in recent years. Many significant companies dominate the market, notably AT&T (NYSE: T), Verizon (NYSE: VZ), T-Mobile (NASDAQ: TMUS), and Sprint (NYSE: SPRINT), which together own the bul... Read the Full Story |
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Industrials | |
The world’s largest defense contractor Lockheed Martin Co. (NYSE: LMT) stock, has been hovering near all-time highs setting up a potential breakout on a weekly ascending triangle pattern. The company continues to report new U.S. military contracts weekly. Near-term disruptions with its suppl... 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 Discretionary | | From classic arcade games to immersive virtual environments, video games have transformed into a major segment of global entertainment, engaging diverse demographics across all age groups. Let's take a look at the investment potential within this booming industry.
Overview of the Video Game Indus... Read the Full Story |
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Markets | | Looking to boost your portfolio with the perfect blend of growth and stability? Mid-cap stocks might just be your golden ticket. Striking a balance between the untapped potential of small caps and the steady performance of large caps, mid-cap companies often embody the best of both worlds. These bus... 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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Technology | |
The strength in Braze, Inc’s (NASDAQ: BRZE) Q4 results was easy to predict because of the shift to digital and the strength in results from Salesforce.com (NYSE: CRM). Braze and Salesforce.com are not identical but complementary businesses serving the needs of businesses and industries acros... Read the Full Story |
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Finance | |
The electric car industry is rapidly expanding, driven by technological advances, rising consumer demand and government policies to reduce greenhouse gas emissions. As more people turn to electric vehicles (EVs) as a cleaner and more efficient mode of transportation, the EV market should grow. Inv... Read the Full Story |
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Consumer Discretionary | |
Mullen Automotive (NASDAQ: MULN) made another deadline by delivering the first of its class-1 cargo vans. The vans were delivered to MGT Company in Highpoint, NC, by partner Randy Marion Automotive Group. The delivery is 4 class-1 vans with follow-on orders expected. MGT Company is a sales and lea... Read the Full Story |
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Energy | |
The shipping world can be much like the real estate industry, where agents and brokers come and go as the cycle of "hot" markets inevitably comes and goes. By the same token, this cycle births the demand for their services. Just as properties are traded more often and more aggressively depending o... Read the Full Story |
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Consumer Staples | |
Evercore ISI analysts upgraded Walmart (NYSE: WMT) in the final days of March from In Line to Outperform (or Moderate Buy). The upgrade accompanied a target price increase from $145 to $160 per share. Apparently, analysts foresee potential/future traffic and margins expanding for at least the next... Read the Full Story |
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Monday's Early Bird Stock Of The Day Petco Health and Wellness Company, Inc., operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics. It also offers pet consumables, supplies, and services through its petco.com, petcoach.co, petinsurancequotes.com, and pupbox.com websites. The company offers its products under the WholeHearted, Reddy, and Well & Good brands. Petco Health and Wellness Company, Inc. was founded in 1965 and is headquartered in San Diego, California. | | View Today's Stock Pick |
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