Good MorningEquity markets tried to advance on Monday following news that First Republic Bank assets had been seized by regulators and sold off to the highest bidder. That bidder turned out to be JPMorgan Chase & Co, which was primarily responsible for the initial bailout. However, the market could not catch a bid due to lingering uncertainty about the financial sector. JPM CEO Jamie Dimon said this part of the crisis is over; in his words, only so many banks were offside, like First Republic. Now that its depositors are cared for, market participants can move on to the next crisis.
This week will be another test for the market. The earnings deluge will continue with reports from big tech, consumer favorites like Starbucks and staples like Kraft Heinz. The takeaway to date is that earnings are better than expected, but most companies continue to deliver weak guidance. The news of the week will come on Wednesday when the FOMC hikes rates by another 25 basis points and adds incremental pressure to the economy. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Staples | |
Consumer staples stocks have moved higher across verticals, Colgate-Palmolive Co. (NYSE: CL) included. Despite still-rising costs, these companies exhibit robust pricing power and outperform their consensus expectations. Colgate Palmolive stock's first-quarter results sparked a round of analyst ac... Read the Full Story |
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Transportation | |
Since United Parcel Service, Inc. (NYSE: UPS) is considered a bellwether for global economic health, it might be time for a check-up.
The world’s largest delivery company offered a meek full-year outlook last week that suggests e-commerce and B2B activity continues to be slowed by higher p... Read the Full Story |
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Retail/Wholesale | |
In the northern hemisphere, the weather is getting warmer, flowering plants and trees are showing new signs of life, and horse race fans are breaking out their Kentucky Derby finery as race day is only a few furlongs away.
But for stock market investors, the month of May has some dark clouds, at... Read the Full Story |
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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 |
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Consumer Staples | |
The insider activity in Keurig Dr Pepper (NASDAQ: KDP) has been mixed since the first of the year, driving market volatility. A few insider sales, 1 specifically, sparked a correction in the stock but set up an opportunity for investors. The takeaway from the activity is that selling outpaces buyi... Read the Full Story |
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Technology | |
On April 26th, radio frequency identification (RFID) solutions provider Impinj, Inc. (NASDAQ: PI) looked like it could do no wrong. Its share price and sentiment around its growth prospects were near all-time highs. The following day, things took a drastic turn for the worse.
Seattle-based Impinj... Read the Full Story |
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Business Services | |
Global payment processor Visa Inc. (NYSE: V) is in a buy range after breaking out from a double-bottom base with a buy point north of $227.42.
The stock initially pulled back after earnings before rebounding, although its price movements in recent days largely tracked the S&P 500, of which V... Read the Full Story |
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Technology | |
onsemi (NASDAQ: ON) has again proven that its refocus on automotive and industrial use cases was the right move at the right move. The Q1 results echo the news from Texas Instruments (NASDAQ: TXN), which reported declining sales in all its end markets except for automotive, where onsemi shines. Th... Read the Full Story |
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Medical | |
Virtual healthcare services company Teladoc Health Inc. (NYSE: TDOC) has had a treacherous journey rising to a high of $308 in Feb 2021 and falling to a post-pandemic low of $21.60 in January 2023. The company saw its stock price catapulted higher during the pandemic as short-staffed hospitals pri... Read the Full Story |
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Technology | |
Checkpoint Software (NASDAQ: CHKP) is leading cybersecurity stocks following its Q1 earnings report, and the move is not bullish. The results were not bad, but not enough to get the market moving higher after a quarter of anticipating strength. Results from Checkpoint and names from Palo Alto Netw... Read the Full Story |
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Transportation | |
United Airlines Holdings Inc. (NYSE: UAL) had previously cut its Q1 2023 earnings guidance to expedite the charges from a revised contract with the Airline Pilots Union. This accounting adjustment was also done by other airline stocks Alaska Air Group Inc. (NYSE: ALK) and Delta Air Lines Inc. (NYS... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's brand portfolio includes Oreo, Ritz, LU, CLIF Bar, and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka, and Toblerone chocolate. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, distribution centers, third party distributors, and other facilities, as well as through independent sales offices and agents. The company also sells products directly to businesses and consumers through e-retail platforms, retailer digital platforms, as well as through its direct-to-consumer websites and social media platforms. Mondelez International, Inc. was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. The company was incorporated in 2000 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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