Good MorningEquity markets moved higher on Thursday to close a holiday-shortened week on a positive note. An improvement in outlook does not drive the move, so it should be viewed cautiously. The data this week has been tepid, to say the least, and is pointing to the recession that has been on the horizon for some time. With the FOMC on track to hike rates by another 25 basis points at least, the odds of a significant recession are high.
Today's news includes the monthly NFP report. It is expected to echo the ADP report and show a slowdown in hiring coupled with an ongoing wage increase. The increase in wages is of concern because it is underpinning inflation. With oil prices rising again and wages still creeping higher, the FOMC may not be able to end its rate-hiking streak with only 1 more increase. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Staples | |
Beauty stocks are outperforming their expectations and trending higher. The trend is supported by the analysts raising their ratings and price targets because of the robust outlook. The guidance for 2023 is good but might yet be cautious given the trends. Regardless, stocks like Ulta Beauty (NASDA... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Consumer Discretionary | |
You are not alone in wondering what Hypercharge Networks (OTCMKTS: HCNWF) is. This under-the-radar Canadian-based and focused EV start-up has come out of nowhere to electrify its market. The stock is up nearly 300% after 4 days of sustained buying with no visible catalyst. When you dig into the de... Read the Full Story |
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Technology | |
Despite equities having cooled somewhat this week following a strong end to Q1, Apple Inc’s (NASDAQ: AAPL) 30% rally looks as strong as ever. Since tagging that multi-year low at the start of the year, their shares have tacked on a full 30%, with higher highs and higher lows ensuring a smoot... 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.
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Finance | |
One man’s loss is another man’s gain, or so the saying goes. As the fallout from last month’s collapse of SVB continues to ripple through the marketplace, perhaps the saying has never been truer. Having been found to be horribly exposed to many of the same financial risks that to... Read the Full Story |
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Finance | |
The spring season is finally upon us! Time to pull out the raincoat, plant some seeds and put that green thumb to use.
If you’re a stock trader, it’s also a time to put on the thinking cap. First quarter earnings season is upon us — which means plenty of opportunities for new po... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Consumer Staples | |
Constellation Brands (NYSE: STZ) shares have been under pressure all year, but that may be changing. The Q4 results were better than expected and point to continued consolidation of the company’s leadership position. Trading at 20X its earnings, the stock isn’t a value relative to the ... Read the Full Story |
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Consumer Staples | |
Lamb Weston (NYSE: LW) is not an exciting stock, and that is saying something for the Consumer Staples sector. This company makes potato products, and that’s it, but it is delivering value to shareholders. The pandemic changed the outlook due to the restaurant industry and the fact nobody wa... Read the Full Story |
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Energy | |
Electric cars have been the hot issue of the past five years as companies like Tesla (NASDAQ: TSLA) take over the podium to deliver all the benefits of switching from fossil fuel dependency to the claimed "Zero-emission" alternatives. However, while electric vehicles may be quiet, most of the knoc... Read the Full Story |
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Materials | |
Shares of RPM International (NYSE: RPM) are pulling back to critical levels following the Q3 report and guidance, but it might be the time to buy. The report was strong and guidance positive if tepid and with an air of caution. The takeaway for investors is that competitor PPG Industries (NYSE: PP... Read the Full Story |
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Consumer Discretionary | |
Dutch Bros Coffee (NYSE: BROS) share value suddenly jumped nearly 4% on April 5 as Wedbush analysts upgraded the stock from Neutral to Overweight (also known as Outperform or Moderate Buy). It seems analysts believe the long-term growth potential for the Portland-based company is considerably mor... Read the Full Story |
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Friday's Early Bird Stock Of The Day Frontier Communications Parent, Inc., together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services. It serves large enterprise customers, small and medium businesses, and wholesale customers. The company was formerly known as Frontier Communications Corporation and changed its name to Frontier Communications Parent, Inc. in April 2021. Frontier Communications Parent, Inc. was incorporated in 1935 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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