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: The chimney fell and 10 billion dollars followed 11 days later (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 | | Small-cap moves rarely announce themselves. Street Ideas surfaces quiet setups with real momentum before they appear on mainstream radars.
With tomorrow's open approaching, three names are already showing early activity worth a closer look. Get the alerts that keep you ahead of the crowd. | | Join Street Ideas - Get Your Free Report Sent To Your Email |
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Communication Services | |
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 | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Discretionary | |
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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Consumer Discretionary | |
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 | | Tim Sykes built a trading strategy for people who can't watch charts from 9:30 to 4:00 every day.
It's not a discipline problem, it's a schedule problem, and Sykes has spent years developing an approach that fits around a job, a family, and a real life.
Every claim is backed by verified profits, so see the results for yourself. | | Click here to see how the strategy works for busy people |
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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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Consumer Discretionary | |
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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Consumer Discretionary | |
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 GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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