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: This Single Fund Owns Every Major AI Stock and Pays Weekly (Ad) 
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Industrials | |
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 | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free 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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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 | | 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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Communication Services | |
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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Industrials | |
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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Consumer Discretionary | |
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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Healthcare | |
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 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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