Good MorningEquity markets had another tough week and ended the period sourly. The S&P 500 traded in a tight range for the week, but the more telling indication is that resistance persists at the 4,150 level. This level has marked the top for stocks for over a year and is likely to continue to do so. Among other reasons, the yield on Federal debt is paying more than the S&P 500 with less risk and is attracting safe-haven and risk-averse investment dollars.
This week will be another hurdle with economic data and earnings on deck. The data includes retail sales and the Index of Leading Indicators, which are expected to be negative for the 16th consecutive month. On the earnings front, reports from major retailers like Walmart, Home Depot, and Target will tell the tale of the consumer. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Consumer Discretionary | |
DraftKings (NASDAQ: DKNG) shares are set up for an upswing in prices driven by execution, results, and the analyst. The company has been working relentlessly to expand into newly legalized territories, enhance offerings in maturing states and control costs. The results of those efforts are nearing... Read the Full Story |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Consumer Staples | |
Shares of PepsiCo (NASDAQ: PEP) are hovering near their all-time high prices of $195.50, as the company experienced bullish momentum in fundamentals and macro dynamics throughout 2022. Today, these prices represent one of the most elevated valuations for the stock, with a 41x price-to-earnings rat... Read the Full Story |
|
Auto/Tires/Trucks | |
The only thing that can be said with certainty about Mullen Automotive (NASDAQ: MULN) is that it comes with high risk. Dilution and liquidity fears aside, the deal with Lawrence Hardge is a wickedly unknown factor, yet the story still has compelling aspects. A growing number of orders, its positio... Read the Full Story |
|
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 |
|
Consumer Staples | |
Prices and interest rates are higher. American households are strapped for cash. But is the economy really headed into a recession?
The Federal Reserve Bank of New York’s latest U.S. Recession Probabilities model has the odds of the country entering a negative growth period at 68%. This is ... Read the Full Story |
|
Technology | |
Shares of Oracle Corp. (NYSE: ORCL) are working on their third month in a row of upside trade, following a breakout from a cup-with-handle base on March 31.
The stock is currently in buy range as it’s up only slightly from a recent buy point above $96.74, prior to a pullback with support al... Read the Full Story |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Finance | |
For most of the past year, shares of crypto exchange Coinbase Global Inc (NASDAQ: COIN) have been trading sideways, consolidating after a 90% drop from November 2021. But just as that drop was in line with Bitcoin's crash, so too is their recent move north in line with Bitcoin's recovery.
The bi... Read the Full Story |
|
Markets | |
As tepid as the Q1 results were and as mixed as the post-release action is, the market has not given up on Fisker Inc (NASDAQ: FSR)—quite the opposite. The charts show a bottom in action and a growing support base at a critical juncture for the business. It’s on the verge of ramping pr... Read the Full Story |
|
Medical | |
McKesson Corp. (NYSE: MCK) is among the elite group of stocks breaking out of bases and approaching new highs. While there have been numerous breakouts recently, many are out of patterns forming well below multi-year highs; McKesson is within striking distance of its highest price ever.
here&rsq... Read the Full Story |
|
Consumer Staples | |
Krispy Kreme Inc. (NASDAQ: DNUT) shares have posted a stunning rebound since hitting historic lows at the end of last year. Organic growth and outperformance bolstered by a solid restaurant rebound are reasons why and they may lead the stock even higher. The price action sets up another rally, but... Read the Full Story |
|
Retail/Wholesale | |
As the Chinese economy faces a tipping point, the People's Bank Of China (PBOC) is faced with the choice of increasing credit and cheap liquidity via lowering rates or possibly facing deflationary environments. Throughout history, most, if not all, governments have chosen to print money, lower int... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Pinterest, Inc. operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
|
