Festus Nyoni picked out a few items in a supermarket in Zimbabwe’s capital, looked at the prices and knew she was in the wrong place.She abandoned her shopping cart and headed for a nearby street jammed with traders offering bargains in U.S. dollars. From the trunk of a car, she picked toiletries, r....
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The Early Bird Newsletter
The Early Bird Newsletter

Tuesday, May 23rd

Good Morning

Equity markets traded in a tight range on Monday as investors brace for the next PCE inflation report. The report is due on Friday and is not expected to give the Fed or the markets a reprieve. The index may cool at the headline level compared to last year, but the month-to-month figure is expected to accelerate to 0.4% and core inflation will remain steady at 4.6%. This may give the Fed room to pause but does not signal the need for rates to fall.

This week brings another round of earnings from the retail sector. Lowe's kicks it off this morning and may leave the market wanting more. Signals of shifting spending habits have cut into discretionary spending, and competitor Home Depot did not inspire confidence for 2023. As it is, the consensus estimates for 2023 earnings continue to deteriorate, which is a dead weight for the S&P 500.

Featured: 66,000% upside on tiny biotech? (Behind the Markets)

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Markets

Street traders offer a better bargain than stores as Zimbabwe's currency crumbles

Festus Nyoni picked out a few items in a supermarket in Zimbabwe’s capital, looked at the prices and knew she was in the wrong place.She abandoned her shopping cart and headed for a nearby street jammed with traders offering bargains in U.S. dollars. From the trunk of a car, she picked toiletries, r...

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From Our Partners

Why Hedge Funds Are Migrating To Crypto At Breakneck Speed In 2023

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Stocks

3 Large Banks Presenting Value Opportunities After Sector Selloff

The financials sector is the worst performer in the past three months, which should come as no surprise following multiple regional bank failures and scares.  But large-cap financials Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and U.S. Bancorp (NYSE: USB) all got ca...

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Tech

2 Tech Stocks With Upgrades and Positive Outlook

Symbotic (NASDAQ: SYM) and Global-e Online (NASDAQ: GLBE) are members of the 2022 class of IPOs. The 1st came to market as a reverse merger, while the other went the traditional IPO route with NASDAQ. Both are involved in developing, marketing, and selling technology to the retail industry and are...

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From Our Partners

Concerns Mount Over Lack of Domestic Lithium Production

With lithium designated as critical to our national security and energy independence, the U.S. is desperately trying to break the stranglehold China has on our country's supply of what some call the "new oil."

According to Deutsche Welle: "The countries and companies that control the production of lithium, which is a critical component of electric vehicle (EV) batteries, will reap the riches of a decarbonized future."

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Markets

Why Investors Aren’t Kicking Up Their Heels Over Boot Barn Stock?

Boot Barn Holdings, Inc. (NASDAQ: BOOT) delivered mixed fourth-quarter earnings on May 17, 2023. The specialty retailer that offers footwear, apparel, and accessories with a western theme beat expectations on the bottom line. Earnings per share (EPS) of $1.53 beat expectations of $1.45. The number...

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Markets

Stock market today: Asian stocks slide as debt worries mount

Asian stock markets slid Wednesday as the U.S. government crept closer to a potentially disruptive default on its debt.Tokyo's main market index lost more than 1%. Shanghai, Hong Kong and Seoul also declined. Wall Street's benchmark S&P 500 index fell 1.1% after Speaker Kevin McCarthy of the Hou...

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From Our Partners

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Markets

FACT FOCUS: Fake image of Pentagon explosion briefly sends jitters through stock market

An image of black smoke billowing next to a bureaucratic-looking building spread across social media Monday morning, with the claim that it showed an explosion near the Pentagon. The posts sent a brief shiver through the stock market as they were quickly picked up by news outlets outside the U.S., b...

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Markets

monday.com Surges on Price and Volume after Blowout Results

monday.com Ltd. (NASDAQ: MNDY) provides workflow collaboration and customer relationship management (CRM) software applications used by over 180,000 companies. monday.com is used by 59% of the Fortune 500 companies through 200 countries in more than 14 languages and services more than 200 industri...

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Markets

C3.ai Executes a Rope-a-Dope Attack on Sleeping Bears

Enterprise artificial intelligence (AI) software provider C3.ai Inc. (NASDAQ: AI) surprised investors by raising its fiscal Q4 2023 earnings two weeks before its release. It sent shares surging 40% higher, taking complacent shorts entirely by surprise.  The AI spotlight c...

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Markets

China's Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka

Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter the South Asian island country's retail fuel market as it struggles to resolve a worsening energy crisis amid an unprecedented economic upheaval.The contract agreement would enable Sinopec to import, store, distrib...

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Markets

Nigeria opens Africa’s biggest oil refinery as it tries to boost struggling sector

Nigerian President Muhammadu Buhari on Monday opened Africa’s biggest oil refinery, with hopes it would help the energy-rich country achieve self-sufficiency and become a net exporter of refined petroleum products.The $19 billion facility built by Aliko Dangote, Africa’s wealthiest man, in Nigeria’s...

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Tuesday's Early Bird Stock Of The Day

A Stock Being Upgraded:Monster Beverage (NASDAQ:MNST)

Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages. The company sells its products to full service beverage bottlers/distributors, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers, value stores, e-commerce retailers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. It provides its products under the Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Muscle Monster, Espresso Monster, Monster Tour Water, Fury, Monster MAXX, Caffe Monster, Monster Hydro, Monster HydroSport Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, and Reign Inferno Thermogenic Fuel, Reign Storm, Bang Energy, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play (stylized), Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator, and Fury brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.

View Today's Stock Pick

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Today's Bonus Content: BREAKING: Tiny biotech successfully treats blindness