Good MorningEquities markets stumbled and bounced from support last week as earnings season rolls on. The week's news is that earnings are better than expected, and core consumer inflation cooled a tenth compared to the previous month. The sad news is that PCE prices fell 0.1% compared to an upwardly revised figure and are hotter than expected. In this light, the FOMC may be unable to ease back on interest rate hikes, although they have indicated the next meeting would be the last hike for 2023.
This week brings another round of earnings reports and key economic data. Topping the list of economic releases is the NFP report on Friday, followed by the ISM reports and construction spending. These data points are expected to confirm the slowing in the economy seen in other data points. Among the most troubling is the Index of Leading Indicators, which has been negative for more than a year and is trending deeper into negative territory. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Business Services | |
Language learning platform Duolingo Inc. (NYSE: DUOL) has been eloquent lately, forging a bullish chart pattern ahead of earnings and increasing revenue at robust double-digit rates. The company’s price performance in the past several months is leading the online education sub-industry.
Pit... Read the Full Story |
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Industrials | |
At one time, the statement “as General Motors goes so goes the economy” carried weight with investors. Today, an inverse of that statement reflects the current state of Caterpillar, Inc. (NYSE: CAT) stock. That is, as the economy goes, so goes CAT stock. Let me explain.
Despite posti... Read the Full Story |
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Energy | |
While it’s not a great strategy to make a bet on a stock when it’s close to reporting earnings, it’s definitely good to keep a watch list of strong companies, like Array Technologies Inc. (NASDAQ: ARRY), that are due to report soon. By monitoring your watch list, you can quickly ... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Energy | |
ExxonMobil’s (NYSE: XOM) stock price has been on a tear since hitting the pandemic bottom, and it looks like that trend is not over. The stock is up more than 200% and could easily take it to 300% given the results, the outlook for oil prices, analyst sentiment and a recent uptick in institu... Read the Full Story |
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Consumer Staples | |
Mondelez International's (NASDAQ: MDLZ) Q1 results echo news from top-tier consumer staples brands across verticals. The company has pricing power and underlying demand to support its business, and it is outperforming consensus expectations. The Q1 news has the stock up another 2% in premarket tra... Read the Full Story |
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Consumer Staples | |
Shares of Church & Dwight (NYSE: CHD) are moving higher following the Q1 earnings release and guidance, but investors shouldn’t chase higher prices. As good as the results are, the stock may be capped at a critical resistance point it has already reached. That point is near $95, a point ... Read the Full Story |
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Construction | |
You probably see those pest control vehicles rolling through your neighborhood on a regular basis, but it’s almost certain you didn’t realize there might be an investment opportunity there. Rollins Inc. (NYSE: ROL) is the corporate parent of a brand portfolio that includes Orkin, Crit... Read the Full Story |
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Retail/Wholesale | |
Amazon.com Inc. (NASDAQ: AMZN) shares have been rallying since January and are up 35% in that timeframe, with more than 10% added in the past fortnight alone. Coming from a multi-year low that had shares trading back at 2018 levels, it meant investors could start to relax just a little bit. For a ... Read the Full Story |
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Technology | |
Motorola Solutions Inc. (NYSE: MSI) is one of those old-line tech names lacking the excitement factor of recent cloud computing or cybersecurity IPOs, but that shouldn’t stop investors from tuning into the maker of radio communications and wireless systems.
This company should not be confus... Read the Full Story |
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Technology | |
Shares of Daqo New Energy (NYSE: DQ) closed Thursday's trading session by 3.75% after reporting its first quarterly earnings for 2023, along with filing its official annual report for 2022 via form 20-F with the SEC. Now that more institutional money managers and investors like Fidelity and Temple... Read the Full Story |
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Monday's Early Bird Stock Of The Day State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors. It also engages in the provision of portfolio management and risk analytics, as well as trading and post-trade settlement services with integrated compliance and managed data. In addition, the company offers investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. Further, it provides services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and global fiduciary solutions, as well as exchange-traded funds under the SPDR ETF brand. The company provides its products and services to mutual funds, collective investment funds, UCITS, hedge funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts. | | View Today's Stock Pick |
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