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: He started with $2,000. Now he's at $3 million. (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 | | 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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Industrials | |
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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Industrials | |
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 | | 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 | |
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 | | SpaceX just went public - and Whitney Tilson, Harvard MBA and 30-year Wall Street veteran, says buying in could be a costly mistake. He calls it among the most overhyped, overvalued large-cap offerings ever pushed onto everyday investors.
Tilson believes a rare economic event is approaching - one with serious consequences for your portfolio this summer. He has prepared a free analysis outlining what he sees and the specific steps he recommends taking now. | | Read Tilson's free analysis and find out what to do with your money |
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Technology | |
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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Consumer Discretionary | |
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 Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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