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: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Discretionary | |
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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Consumer Staples | |
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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Consumer Discretionary | |
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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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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Technology | |
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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Basic Materials | |
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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Technology | |
And just like that, shares of Nvidia Corporation (NASDAQ: NVDA) are back to within a good day's worth of trading from all-time highs. About 10% to be exact, a gap which we expect to continue narrowing in the sessions ahead. The past week alone has seen them jump 12%, including a 5% move yesterday,... Read the Full Story |
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Retail/Wholesale | |
Foot Locker (NYSE: FL) is down 25% after reporting a horrible quarter. Repositioning efforts impact the results, but other details overshadow them. The takeaway is that the tide of discretionary spending is receding. Results were weak, and the guidance was cut meaningfully due to trends reported b... Read the Full Story |
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Retail/Wholesale | |
Investors looking for bargains in the restaurant sector may consider ordering a slice of the pie from Papa John's International Inc. (NASDAQ: PZZA). The pizza giant may be ready to deliver more dough to investors as it serves up a corporate turnaround.
Like all restaurant chains, Papa John&rsquo... Read the Full Story |
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Retail/Wholesale | |
Despite a choppy United States financial market, where investors are still digesting the aftermath of the FED raising rates in its attempt to control inflation, shares of Ross Stores (NASDAQ: ROST) fared strongly relative to the S&P 500 benchmark. ROST stock not only inched the day higher by 1... Read the Full Story |
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Retail/Wholesale | |
Though shares have cooled somewhat since the stock's 100% rally in Q1, Alibaba Group Holding Ltd (NYSE: BABA) is at an exciting point in its growth journey. Having endured a brutal two years through last November, their shares have been admirably treading water since then and are now looking more ... 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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