Good MorningEquity markets continue to hover within a tight range below critical resistance. Traders and investors are trying to come to terms with what the new normal will look like, and there is an increasing chance that interest rates will remain high for an indefinite period. Fed president Bostic commented to markets that interest might not come down even with an inflation-killing recession.
The week's action will heat today with earnings reports from big box retailer Home Depot kicking off the retail portion of the earnings cycle. The market expects a mixed report, but the market-moving news will be guidance - the company's parking lots are not as full as last year, which may be a telling indicator. Regardless, the longer it takes for the S&P 500 to move above 4,150, the less chance there is of it doing so. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
One lesson of investing is if you get washed out of a position, it’s time to rethink the position, not abandon it entirely, and that is the case with Workhorse Group Inc. (NASDAQ: WKHS). The initial thesis didn’t pan out; the company recalled its first fleet of electric vehicles and th... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Technology | |
Cloud services and content delivery network (CDN) operator Akamai Technologies Inc. (NASDAQ: AKAM) had substantial profits driven by record security services in Q1 2023. Its legacy content delivery network (CDN) comprises more than 300,000 servers in over 135 countries enabling oceans of data, vid... Read the Full Story |
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Healthcare | |
Sarepta Therapeutics Inc. (NASDAQ: SRPT) jumped nearly 31% on May 15, after a Food and Drug Administration committee gave a thumbs up to the company’s experimental gene therapy to treat Duchenne muscular dystrophy.
Trading on Serepta stock was halted on May 12 before the panel met to revie... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Technology | |
As Cloudflare, Inc. (NYSE: NET) found out, when you operate in a high-growth market like cloud services, a slowdown can be viewed as a thunderstorm.
From 2017 through 2022, the cloud infrastructure provider grew revenue at a 48% annualized rate. So when it posted 37% top-line growth for the firs... Read the Full Story |
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Markets | |
Shares of Magellan Midstream Partners (NYSE: MMP) rose by as much as 16% during the opening of Monday's trading session, while the stock's price action retreated to close the day up by 12.99%; the move is due to undeniably good news for shareholders. ONEOK (NYSE: OKE) has struck a deal to acquire ... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Technology | |
Like the sun, First Solar, Inc. (NASDAQ:FSLR) has a history of rising and setting.
Eighteen months removed from its 2006 IPO, the volatile solar energy stock was up almost 1,200%. Four years later, it was down more than 96% — and trading below its initial offering.
The latest mega-swing ca... Read the Full Story |
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Industrials | |
FREYR Battery (NYSE: FREY) is emerging as an exciting play on electrification. While some are focused on building vehicles or generating clean power, FREYR aims to produce energy storage solutions for all uses. The company is engaged in 3 primary avenues of research, including EES (stationary solu... Read the Full Story |
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Industrials | |
The e-commerce and logistics landscape is a complex and rapidly evolving system that involves buying and selling goods online and transporting and delivering those goods to customers. E-commerce has revolutionized how people shop, enabling them to purchase goods from anywhere in the world with jus... Read the Full Story |
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Technology | |
Shares of AppLovin (NYSE: APP) have finally bottomed. After correcting more than 90%, the stock price, valuation and outlook have aligned in a way that will be meaningful to investors. The company operates a software-based platform for app developers to market and monetize their work, so there is ... Read the Full Story |
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Healthcare | |
Diagnostic and cancer test products provider Exact Sciences Corp. (NASDAQ: EXAS) saw its shares spike over 17% on its Q1 2023 earnings results. The company is known for its flagship colon cancer detection test Cologuard. This is a patient-friendly, non-invasive stool-based DNA test that users can ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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