Good MorningEquity markets pulled back on Tuesday but continue to trade within a narrow range. The move was driven by weaker-than-expected retail sales data and earnings guidance from Home Depot, which suggests further slowing of consumer demand. The news foreshadows what may be a weak reporting season for the retailers, and this week will bring reports from Target and Walmart and others in the industry. The takeaway is that the outlook for earnings in the 2nd half of the year will continue to slide, and the decline may accelerate.
Investors hoping for a summer rally may be disappointed. While the outlook for FOMC interest rate hikes has fallen to near-zero, the outlook for interest rates to stay high is firming. In this scenario, the outlook for S&P 500 earnings will also deteriorate due to declining demand and the deflationary conditions they will create. Featured: AI Meltdown Imminent: Dump These Stocks Now! (Ad) 
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Stocks | | | The semiconductor industry has been one of the most rapidly growing sectors in the world over the last several decades, but that growth has yet to be straightforward.
While many semiconductors stocks have been huge winners over the last decade, the sector has been rife with volatility from bo... Read the Full Story |
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Stocks | | | Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday, instead using their time to assign blame to events they said were largely out of their control Read the Full Story |
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Tech | | | Investor Warren Buffett recommitted to his favorite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway's stock portfolio.Berkshire provided a quarterly update on its U.S. holdings Monday in a filing with the Securiti... Read the Full Story |
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Baidu (NASDAQ: BIDU) reported its first quarter 2023 earnings results during the dawn hours of Tuesday morning; the company's shares are sliding by as much as 2.4% in the pre-market hours, as a result of initial sentiment toward the figures reported in the earnings release. The initial r... Read the Full Story |
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Stocks | | | Investor Warren Buffett's company bought another $127 million worth of Occidental Petroleum stock over the past week to give Berkshire Hathaway 213.9 million shares of the oil producer.Berkshire's latest filing with the Securities and Exchange Commission late Monday showed that it had bought another... Read the Full Story |
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Markets | | |
On Holdings (NYSE: ONON) shares are down about 10% following the Q1 release, but this is an opportunity for investors. The Q1 results are excellent and suggest nothing more than continued excellence as the runner-specific company gains traction. The sell-off in shares is more likely to be profit-t... Read the Full Story |
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Markets | | | After years of explosive growth during the pandemic, Home Depot’s revenue during the first quarter fell short of expectations and the company cut its profit and sales outlook for the year, sending shares lower at the opening bell Read the Full Story |
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Like many OEM EV startups, Canoo (NYSE: GOEV) is crossing a major milestone. After months of delays, the company is on track to begin production, which means revenue is at hand. The news is helping shares to form a bottom and may lead them higher, but risks keep the short-sellers in the market. Sh... Read the Full Story |
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Markets | | | Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders who alleged the bank made misleading statements about its compliance with federal regulators after a fake account-opening scandal came to light in 2016.The class-action lawsuit was filed on behalf of hundreds of... Read the Full Story |
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Beam Global Inc. (NASDAQ: BEEM) is emerging as a standout in the electric vehicle (EV) infrastructure space. As the EV movement continues to spread as more EVs get on the road, EV charging stations continue to pop up everywhere from companies like ChargePoint Holdings Inc. (NASDAQ: CHPT), Bl... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Gen Digital Inc. engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats. It also provides identity protection solutions, including LifeLock Identity Theft Protection, Avast and AVG Secure Identity, Norton Identity Theft Protection, and Dark Web Monitoring for monitoring of credit reports, financial accounts, the dark web, and social media accounts to help safeguard customers' personal information. In addition, the company offers Virtual Private Network (VPN) solutions under Norton, Avast and AVG brands to enhance security and online privacy that allows customers to securely transmit and access private information, such as passwords, bank details, and credit card numbers, when using public Wi-Fi on PCs, Macs, and mobile iOS and Android devices; AntiTrack and Secure Browser products which helps to keep personal information and browsing activity anonymous while browsing online; and Privacy Monitor Assistant and BreachGuard products for removing customers' data from public data broker sites; and ReputationDefender, a white glove service that helps customers manage all aspects of their personal branding online, including search results, social media sites, and overall web presence. It markets and sells its products and related services through retailers, telecom service providers, hardware original equipment manufacturers, and employee benefit providers, as well as e-commerce platform. The company was formerly known as NortonLifeLock Inc. and changed its name to Gen Digital Inc. in November 2022. Gen Digital Inc. was founded in 1982 and is headquartered in Tempe, Arizona. | | View Today's Stock Pick |
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