Good MorningEquity markets moved modestly higher on Monday after OPEC+ announced a surprise production cut. Starting in May, the cut is worth more than 1 million barrels per day and will tilt the supply-demand balance firmly in favor of higher prices. The news sent the price of WTI up by more than 6%, which was sustained through the end of the session. Analysts are already discussing $100 oil, which could be a cautious estimate given the coming travel season.
The real takeaway from the oil news is inflation. Another spike in oil prices will be felt at all levels of the economy and spark another round of negative feedback loops. In this scenario, inflation will not only accelerate but could also reach new highs. This will leave the FOMC no choice but to continue hiking interest rates and adding pressure to an economy already showing signs of distress. Featured: [How To] Become Your Own Bank (Ad) 
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Consumer Staples | |
Candy stocks have been on fire this year. Sweet tooths worldwide can't seem to get enough sugar in their diets. Candy and snacks are more of a consumer discretionary item within the consumer staples category. But some may argue that you can live on chocolate bars and cookies, diabetes withstanding... Read the Full Story |
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From Our Partners | | The SpaceX IPO could be the biggest in history at $1.75 trillion - but the real story isn't the IPO itself.
Elon believes what Michael Robinson calls 'Project Unlimited' could unlock $100 trillion in potential growth. One little-known company sits at the center of it all, and most investors have no idea it exists.
Position yourself before this company potentially hits the front page. | | Click here to see the details before the crowd catches on |
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Technology | |
Make way; the technology bulls are charging again! Already up more than 20% this year, the global information technology sector is leading the market higher in 2023. Signs of bank stabilization and muted inflation data helped U.S. stocks end the first quarter on a high note Friday, with some famil... Read the Full Story |
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Markets | | Oil prices jumped 5% overnight as OPEC+ announced a surprise production cut of 1.65 million barrels per day. The cut will start in May and last through the end of the year. Major oil producers like Saudi Arabia, Russia, and Iraq are making significant production cuts.
Here’s the full breakdow... Read the Full Story |
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From Our Partners | | Futurist George Gilder - who predicted the smartphone years before the iPhone launched - believes today's AI data centers are already obsolete. Three companies are quietly developing a way to process data that could do in minutes what current server farms do in hours, using up to 90% less energy.
Gilder calls it the 'Trillion Dollar Triangle' - and he thinks it could reshape the AI landscape the same way digital streaming buried Blockbuster. | | Discover the three companies behind Gilder's Trillion Dollar Triangle |
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Retail/Wholesale | |
McDonald’s Corporation (NYSE: MCD) stock continues to move higher after a March that saw MCD stock climb approximately 7%. In mid-March, the stock broke above its 10-, 20-, and 50-day simple moving averages and began to move higher.
One catalyst for the stock may be some recent price targ... Read the Full Story |
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Retail/Wholesale | |
The pandemic surged pet ownership. As people stayed home, they embellished in hobbies and embraced adding a fur baby to the family. A Forbes Advisory survey found that 78% of pet owners acquired pets during the pandemic. During the pandemic, in almost one in five households, 23 million brought hom... Read the Full Story |
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From Our Partners | | In 2016, major election models gave Hillary Clinton a 99% chance of winning - but former CIA and Pentagon adviser Jim Rickards publicly predicted a Trump victory before election night.
Now Rickards is issuing a new forecast he calls a potential mid-term meltdown, one he believes could send shockwaves through financial markets. | | See Jim Rickards' full market warning and what it means for your portfolio |
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Basic Materials | |
Bellwether PPG Industries (NYSE: PPG) is moving higher on raised guidance. The company expects earnings to exceed its prior guidance and the consensus estimates on better-than-forecast sales and margin recovery. The news has the stock up about 5.0% in early trading and bodes well for competitor RP... Read the Full Story |
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Auto/Tires/Trucks | |
If there weren’t enough catalysts to get bears moving out of Mullen (NASDAQ: MULN), the company announced the successful completion of a pilot program with Menzies Aviation. Menzies Aviation is a leading airport services company operating at 250 airports in 58 countries. The pilot program wa... Read the Full Story |
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Finance | |
As uncertainty around the regional banking industry continues to proliferate, an opportunity arises. In times of increased market stress, correlations tend towards 1, opening the potential to buy some of the highest quality regional banks in the United States for a steep discount.
Bank of Hawaii ... Read the Full Story |
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Retail/Wholesale | |
If results from Ralph Lauren (NYSE: RL) and PVH Corp. (NYSE: PVH) can be used as a guide, Levi Strauss (NYSE: LEVI) is about to report a solid quarter and send its shares moving higher. While these apparel manufacturers are vastly different in their styles, they share some traits that have proven ... Read the Full Story |
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Markets | |
OPEC+ surprised, no, shocked, the market with plans to cut oil (NYSEARCA: USO) production by 1.16 million barrels per day. Aside from the immediate impact of higher prices, this move has far-reaching repercussions that could result in the S&P 500 (NYSEARCA: SPY) reaching new post-pandemic lows... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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