Good MorningEquity markets pulled back on Tuesday after posting a small gain in the preceding session. The move was driven by concerns sparked by the spike in oil prices caused by OPEC. The rise in oil prices should bring another round of windfall profits to the oil industry and inflation. When inflation reaccelerates, the FOMC can be counted on to increase interest rates to match, which might break the economy.
Labor data will be a driving force in the markets this week. The JOLTs report showed a surprise fall in job openings that may be echoed by weakness in the ADP and NFP reports. The key metric, however, may be the wage gains running in the high single-digit range. Featured: The Treasury just bought its own debt (Ad) 
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Energy | |
While the broad oil-and-gas industry continues to rally, Targa Resources Corp. (NYSE: TRGP), Chesapeake Energy Corp. (NASDAQ: CHK), and EQT Corp. (NYSE: EQT) are standouts when it comes to institutional buying. All three recently increased their dividends, giving investors some extra incentive on ... Read the Full Story |
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From Our Partners | | Wall Street spends millions on supercomputers and analyst teams to forecast stock prices. Now a new predictive AI is giving Main Street investors access to the same edge - forecasting over 2,334 stocks up to 21 days into the future.
Built on a principle similar to hurricane tracking models, this AI has unlocked an investing approach that reportedly beats buy-and-hold five to one. You don't need to be a hedge fund or a millionaire to use it. | | Watch the free Predictive AI demo and get five stock picks today |
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Technology | |
The rideshare war is over, and rideshare network operator Lyft Inc. (NASDAQ: LYFT) has fallen to a distant number two in this duopoly. While critics slammed Uber Technologies Inc. (NYSE: UBER) for its food delivery business and international expansion, Lyft maintained that it was the "pureplay" in... Read the Full Story |
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Aerospace | |
Sure, there are exceptions (looking at you, meme stocks), but in general, earnings growth, or at least its potential, is a key driver sending stocks higher. Axon Enterprise Inc. (NASDAQ: AXON), Gold Fields Ltd. (NYSE: GFI) and Ceridian HCM Holding, Inc.(NYSE: CDAY) have shown price growth in recen... Read the Full Story |
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From Our Partners | | OpenAI and Anthropic are moving closer to the public-market spotlight - and Wall Street rarely waits until the first trading day to reposition.
By the time these IPOs arrive, the obvious AI names may already be crowded and fully priced. The earlier opportunity could lie in chips, cloud infrastructure, data tools, and enterprise AI systems. One report covers 9 AI stocks - including a chip name tied to U.S. infrastructure, a cloud player with an underappreciated setup, and a data analytics business with government and enterprise exposure. | | Review the full 9-stock AI breakdown before the next wave hits |
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Consumer Staples | |
Newell Brands (NASDAQ: NWL) has been in the headlines for several reasons lately; not all good, but the takeaway for investors is that insiders and institutions are buying this stock. Among the negative headlines is that major shareholder Carl Icahh, through his various holdings, sold about 0.6% o... Read the Full Story |
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Energy | |
The Organization of the Petroleum Exporting Countries (OPEC) set the oil market on fire by announcing a production cut of 1 million barrels per day beginning in May. Although many experts weren’t surprised that a cut occurred, the size of the cut was unexpected.
Taking one million barrels ... Read the Full Story |
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From Our Partners | | Jeff Brown and Marc Chaikin - two investors who spotted Nvidia a decade ago - are now pointing to Elon Musk's latest AI patent as the catalyst behind their next major call.
They say a market pattern with a 100% historical track record is converging with this new breakthrough by end of month. The last time conditions aligned like this, investors had the chance to turn $10,000 into as much as $350,000 in roughly 12 months.
Brown and Chaikin have released the full details for investors who want to get ahead of it. | | See Jeff Brown and Marc Chaikin's full analysis and next steps here |
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Business Services | |
The interest in artificial intelligence (AI) is flourishing almost to the point of mania in the stock market. Having AI in your company's name can make speculators dive in head first, as evidenced by the recent 52-week highs hit by C3.ai Inc. (NYSE: AI). AI has many versatile use cases, and ChatGP... Read the Full Story |
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Technology | |
Activist short seller Kerrisdale Capital just doubled down on its C3.ai (NYSE: AI) short thesis, driving the stock down as much as 24% intraday. The hedge fund, who back in March published a bearish "short report" on the enterprise AI firm, said that it sent a letter to C3.ai's auditor Deloitte an... Read the Full Story |
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Retail/Wholesale | |
Restaurant stocks across the spectrum defy inflation and darkening economic clouds to produce results and deliver value for shareholders, offering value and high yield. Among them are Texas Roadhouse Inc. (NYSE: TXRH), Darden Restaurants Inc. (NYSE: DRI), Ruth’s Hospitality Group Inc. (NASDA... Read the Full Story |
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Consumer Discretionary | |
Apparel maker PVH Corp (NYSE: PVH) stock surged over 20% on its Q4 2022 earnings report. The maker of Calvin Klein and Tommy Hilfiger brand apparel credits its PVH+ strategy plan for the success. It was first unveiled nearly a year ago and now paying big dividends. The plan focuses primarily on bo... Read the Full Story |
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Technology | |
Heading into the first week of the month, Macy’s, Inc (NYSE: M) demonstrated they are no April fool as their pandemic emergence plan has put them in a furtive position. JP Morgan Analyst Matthew Boss raised Macy’s stock rating from Neutral to Overweight, bumping his price target from $... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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