Good MorningEquity markets rebounded last week as investors began to embrace the new normal. The new normal is a time of high-interest rates, high inflation and tepid economic growth punctuated by the ups and downs of a rolling bear market. The S&P 500 gained more than 1.65% for the week and broke above the 4,150 level, which is significant. The move could lead to a higher high, possibly as high as 4,300, but a move higher than that is questionable.
The news of the week came out of the retail sector. Retail results are mixed, with consumers shifting toward staples and away from discretionary items and the big box diversified names are the only winners. Foot Locker, a purely discretionary name, not only gave a weak report but guided the entire year lower and that may be echoed this week when the 2nd half of the retail sector issues their reports. Featured: Get Ahead with This Free Report! (Ad) 
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Markets | | | If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America's economy would hardly sink alone.The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for Chinese factories that sell electron... Read the Full Story |
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From Our Partners | | Bitcoin is breaking out — and one state just created a Strategic Crypto Reserve.
James Altucher says this marks the beginning of “Trump’s Great Gain,” a new crypto bull phase driven by emerging federal policies. He believes certain altcoins could turn $900 into $108,000 — and reveals everything in a new presentation. | | See Altucher’s Great Gain gameplan here |
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Shares of Deere & Company (NYSE: DE) are trading higher in the pre-market session of Friday morning; the stock is set to open higher by as much as 6.6% as investors pile into the store. The renewed bullish sentiment comes amid the company's latest press release, relaying the second quarter 202... Read the Full Story |
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Markets | | | Asian stock markets were mixed Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default.Shanghai and Hong Kong declined while Tokyo and Sydney advanced. Oil prices rose.Wall Street's benchmark S&P 500 index edged up less than 0.1% on Mon... Read the Full Story |
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If you look around your house you’re almost certain to find Procter & Gamble Co. (NYSE: PG) brands somewhere in the kitchen or bathroom.
While the company’s products are well-known and ubiquitous, is the company able to continue growing its sales volumes, without taking price incr... Read the Full Story |
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Netflix (NASDAQ: NFLX)was up 7.49% last week after the company revealed that its $7 per-month ad-based plan, which the company first launched in November, has reached 5 million monthly active users. Netflix has not yet made public the revenue generated from its ad-based plan; however, its comments... Read the Full Story |
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From Our Partners | | Congress is deep into “Crypto Week” — with new bills that could finally bring clarity to digital assets.
Crypto analyst Juan Villaverde says Bitcoin will likely keep climbing… but smaller coins could deliver far bigger gains. He’s revealing the altcoins he believes are best positioned for this new regulatory era. | | See Juan’s top altcoin picks for the new crypto bull cycle |
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Markets | | | Ford CEO Jim Farley says his company is remaking itself by cutting costs, raising quality and offering software, services and new vehicles that will make profit margins among the best in the industry.Farley and other executives gave details on how it will get there over the next few years during a c... Read the Full Story |
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Markets | | | Chair Jerome Powell indicated that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation Read the Full Story |
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Applied Materials (NASDAQ: NYSE) shares fell following the FQ2 earnings report, but this is not the time to sell. The report may not have sparked a rally, but it does not suggest lower prices are on the way. Applied Materials' business outlook is stable, with a chance of outperforming the industry... Read the Full Story |
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Markets | | | Morgan Stanley's long-time CEO James Gorman will retire in the next 12 months, he said Friday at the bank's annual shareholder meeting. Gorman said the bank is looking at three senior internal candidates to be the investment bank's new top executive. Gorman said he plans to remain at the bank as exe... Read the Full Story |
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Luxury consignment resale platform The RealReal Inc. (NASDAQ: REAL) shares have been sinking from $30.22 in February 2021 to a low of $1.00 in March 2023. However, an unlikely buyer has been accumulating shares in the troubled retailer. On March 31, 2023, Scion Asset Management disclosed a new pos... Read the Full Story |
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Monday's Early Bird Stock Of The Day Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products. The Nitrogen segment offers ammonia, urea, environmentally smart nitrogen, nitrogen solutions, nitrates, and sulfates. The Phosphate segment provides solid fertilizer, liquid fertilizer, and industrial and feed products. In addition, it provides services directly to growers through a network of farm centers in North America, South America, and Australia. The company is headquartered in Saskatoon, Canada. | | View Today's Stock Pick |
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