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: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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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 |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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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 |
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Consumer Discretionary | |
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 |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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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 |
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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 |
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From Our Partners | | Nvidia has invested more than 7 billion dollars into a light speed device that could reshape how AI systems operate.
Bill Gates put in over 200 million of his own money, while BlackRock, Vanguard, Morgan Stanley and Norway's sovereign wealth fund are positioning around it. Related stocks have already climbed 133 percent, 217 percent and 320 percent.
Wall Street analyst Jason Bodner, who called Nvidia at 4.50, is sharing his top pick tied to this trend at no cost. | | Click here to see Jason Bodner's free AI stock pick |
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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 |
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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 |
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Healthcare | |
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 |
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Consumer Discretionary | |
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 |
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Consumer Discretionary | |
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 |
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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 |
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