Good MorningEquity markets pulled back a second day on Wednesday after weaker-than-expected jobs data from ADP. ADP says job gains increased by a net 145,000, about half what the economists expected. The news raises the question of recession and what the Fed's interest rate policy is doing to the economy. A weak NFP report on Friday will cement fears into place and will weigh heavily on the market.
A key report for investors will be the Challenger, Gray & Christmas report on layoffs. The February data showed a surprising surge in layoffs that may have accelerated over the last month. As an indicator, labor data is often lagging behind the broader economy so a downturn in hiring and an uptick in layoffs may signal the US is already in a recession. Featured: The case for trading fewer setups, not more (Ad) 
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Business Services | |
Office furniture maker Steelcase Inc. (NYSE:SCS) stock may be staging a turnaround as it attempts to break out of a weekly descending triangle price pattern. Steelcase manufactures and sells office furniture to large corporations, hospitals, schools, and the government and sells its products throu... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Finance | |
In our 24-7 news cycle world, it’s hard not to be a prisoner of the moment. It seems like every quarter; we hear the next “event” is the most important in history. So I won’t say that this upcoming earnings season for banks is the most important in history.
But let’... Read the Full Story |
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Consumer Discretionary | |
Wondering if Wag! Group Co. (NASDAQ: WAG) is worth your time, or is this penny stock company wagging the dog? Based on this stock's sell-side interest, it is worth your time. Sell-siders, including insiders, Wall Street analysts and institutional money, are buying this stock and have total ownersh... Read the Full Story |
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From Our Partners | | Washington has taken an ownership stake in Intel, carved out a cut of Nvidia's and AMD's chip sales, and reportedly fielded an offer to own 5% of the largest AI company on the planet. The government is shifting from referee to shareholder in the most important technology race of the century.
When the rules change, the winning trades change with them. Some blue chips sitting in your index fund are now on the wrong side of this shift - while a select group of companies pulled into the new arrangement may be treated like national treasures. | | Watch the documentary to see which stocks to buy and sell now |
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Consumer Staples | |
The consumer staples sector and packed food stocks like Kraft Heinz (NASDAQ: KHC) specifically are getting a lift from Conagra Brands, Inc (NYSE: CAG) Q3 results. The report highlighted the company’s pricing power and earnings ability in tough operating conditions, which may foreshadow simil... Read the Full Story |
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Markets | |
SGH (NASDAQ: SGH) shares hit bottom late last year, and this is a chance it will reverse course and begin to rally again. The question is when the rally will happen; the answer may be later this year. The Q2 results were mixed but prove the company’s resilience in uncertain operating conditi... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Technology | |
Social commerce platform Pinterest Inc. (NASDAQ: PINS) stock has been a stalwart among social media stocks with a 19% year-to-date (YTD) performance and 10.8% one-year performance. Unlike Meta Platform Inc. (NASDAQ: META) Facebook, Alphabet Inc. (NASDAQ: GOOGL) Google, and Snap Inc. (NASDAQ: SNAP)... Read the Full Story |
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Transportation | |
Avis Budget Group, Inc. (NASDAQ: CAR) is a tough one to characterize. Is it a reopening play? A meme stock? A value trap?
Sixteen months removed from a wild short-squeeze rally, the rental car company’s shares are trading at a paltry 3x trailing earnings. Among profitable S&P 400 stocks... Read the Full Story |
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Auto/Tires/Trucks | |
Few people ever stop to think about why there are so few car manufacturers and brands in the market, seldom do investors think about the thousands of car companies that never got off the ground or turned a profit, let alone stay in business. So it is quite interesting to notice the handful of name... Read the Full Story |
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Finance | |
A screen looking for growth in high-yielding dividend stocks turned up 3 interesting names. These blue-chip stocks trade for less than 20X their earnings outlook, have at least a 5% expected earnings CAGR for the next 2 years and pay more than 3.0%. What makes them attractive is the analysts' chat... Read the Full Story |
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Medical | |
On April 4, 2023, Bullfrog AI Holdings, Inc. (NASDAQ: BFRG) announced a new global licensing agreement with the Applied Physics Laboratory (APL) at Johns Hopkins University. Specifically, Bullfrog will provide APL access to its patented bfLEAP technology platform. News of the partnership helped bu... Read the Full Story |
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Thursday'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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