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: Sell these "safe" blue chips immediately (Ad) 
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Markets | | 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 both ec... 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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Industrials | |
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), Blink C... Read the Full Story |
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Consumer Discretionary | |
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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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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Consumer Discretionary | |
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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Finance | |
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 reactions s... 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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Markets | |
When it comes to investing in electric vehicle growth, Livent Corp. (NYSE: LTHM) is one of the most promising companies. As EVs go from novelties to mainstream this decade, battery-grade lithium hydroxide is expected to be in high demand.
In recent months, however, the lithium pure play has been ... Read the Full Story |
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Consumer Discretionary | |
The Home Depot (NYSE: HD) shocked the market with weaker-than-expected earnings and poor guidance that points to the continued slowing of consumer demand. The news sent shares down about 4.0% at the low of pre-market trading, and they may go lower, but anyone with more than a year or so of time ho... Read the Full Story |
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Healthcare | |
The biotech sector is notoriously volatile, populated with plenty of unprofitable companies that soar on optimism about clinical trials. Those same stocks can later plummet on poor trial results, or a delay when it comes to regulatory approval.
Amylyx Pharmaceuticals Inc. (NASDAQ: AMLX) fits the... Read the Full Story |
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Consumer Discretionary | |
A look at Marketbeat’s list of Most Upgraded Stocks will tell you many things. One of those is that fast food stocks are hot. Most of the top fast food stocks are listed for having the most upgrades because they are growing in 2023, outperforming their consensus estimates, and providing soun... Read the Full Story |
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Technology | |
The pandemic has dramatically impacted the restaurant industry. Many restaurants have been forced to close or reduce their capacity due to lockdowns and restrictions on indoor dining. This has resulted in a significant reduction in the number of available server jobs.
Those who have managed to ke... 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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