Good MorningEquity markets tried to move higher on Wednesday following the CPI report. While the headline figure fell a tenth compared to last year and came in below consensus, the rest of the data set overshadows the decline. Headline inflation accelerated compared to last month, and the core figures were as expected and unchanged from last month. This leaves inflation running at more than double the Fed's target and does not allow them to ease back on interest rates. The takeaway for the market is that interest rates may not rise anymore, but they are not going down anytime soon.
The news helped lift tech stocks dependent on debt to fuel growth. The rally lifted the NASDAQ Composite by more than 1% to the highest levels in 6 months and has the index on track to extend the gains. The next target for the tech-heavy index is near 13,000 and it will be a tough line to cross. The S&P 500 is still below critical resistance at 4,150. Featured: BlackRock Vanguard and JPMorgan Are Quietly Building Something New (Ad) 
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Consumer Discretionary | |
Dutch Bros (NYSE: BROS) is an exciting growth story that may pan out over time. The problem now is that aggressive growth comes at a cost that has analysts and institutions moving to the sidelines. Compared to Starbucks (NASDAQ: SBUX), which is growing at an above-consensus rate domestically and a... Read the Full Story |
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From Our Partners | | The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings research points to the first half of 2026 as a particularly rough stretch for certain holdings.
Some of America's most popular stocks could take serious damage as a radical market shift plays out. Analysts at Weiss Ratings have identified five names you may want to remove from your portfolio before this unfolds.
If any of these are in your portfolio, now is the time to review your positions. | | See the 5 stocks to avoid |
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Energy | |
Warren Buffet has said he and Berkshire Hathaway would not take a controlling interest in Occidental Petroleum (NYSE: OXY), and that’s smart. Oxy has a capable CEO who has the company on the right track. That is evidenced by Buffet’s remarks, specifically his comments about preferred s... Read the Full Story |
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Consumer Discretionary | |
During the COVID-19 pandemic, e-commerce experienced an unprecedented boom as online shopping skyrocketed during lockdowns. Years later, this surge has not receded, and online shopping has become the new normal for consumers. Retail giant Amazon has revolutionized how consumers shop and disrupted ... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Communication Services | |
Electronic Arts (NASDAQ: EA) is the leading sports video game maker on the market with the #1 and #2 games worldwide and 4 in the top 10, but that may not be enough to get the shares moving higher. The price action popped following the Q4 results and guidance, but the action since then is less tha... Read the Full Story |
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Consumer Discretionary | |
Wendy's (NASDAQ: WEN) shares are advancing by as much as 3% on Wednesday's trading session; the rally in the stock comes amid the company reporting its first quarter 2023 results. The bullish sentiment reflects the operational improvements within the business, coupled with pleasant growth rates ac... Read the Full Story |
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Consumer Discretionary | |
Rivian Automotive's (NASDAQ: RIVN) shares are rocketing higher in after-hours action on news of ramping production and narrowing losses. The company’s Q1 results sparked a 10% pop in prices that could go much higher should a critical hurdle be crossed. That hurdle is near $15.75 and could be... Read the Full Story |
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Technology | |
The government debt ceiling. April’s consumer price index (CPI) reading. The upcoming Federal Reserve meeting. Are more interest rate hikes forthcoming?
Investors will have plenty of variables to weigh throughout the weeks ahead. So many, in fact, that it has become easy to forget that we a... Read the Full Story |
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Finance | |
Some interesting speculations have arisen in the financial world in 2023, but Paypal (NASDAQ: PYPL) might be the most interesting. The company’s share price has been beaten down 80% from its pandemically-inspired highs, offering the lowest prices since 2017 while it performs at historically ... Read the Full Story |
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Consumer Discretionary | |
Shares of Airbnb (NASDAQ: ABNB) are sliding lower in the after-market hours on Tuesday night, declining by as much as 13.25% following the company's first quarter 2023 reports. The global economy is being affected by the United States FED raising interest rates in an attempt to slow down runaway i... Read the Full Story |
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Markets | |
Shares of Darden Restaurants Inc. (NYSE: DRI) have been trading in a sideways range, forming a flat base and not budging much after the company announced it was gobbling up Ruth's Hospitality Group (NASDAQ: RUTH), parent company of the Ruth’s Chris Steak House chain.
Darden had been seeking... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Benson Hill, Inc., together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products. The company's technology is applied in soybeans and yellow peas. It focuses on growing, packing, and selling fresh produce products to retail and food service customers. The company was formerly known as Benson Hill Biosystems, Inc. Benson Hill, Inc. was incorporated in 2012 and is headquartered in Saint Louis, Missouri. | | View Today's Stock Pick |
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