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 caught .... |
Good MorningEquity 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: Sell these "safe" blue chips immediately (Ad) 
| Finance | |
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 caught ... Read the Full Story |
| 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 |
| Industrials | |
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... Read the Full Story |
| Technology | |
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 continues penetrating the ... Read the Full Story |
| 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 |
| Consumer Discretionary | |
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... Read the Full Story |
| Technology | |
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... Read the Full Story |
| 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 |
| Markets | |
Ryanair (NASDAQ: RYAAY) shares are trading relatively flat during the trading session on Monday morning; as the company releases its fiscal year 2023 results to the public, some investors may be taking a breather before deciding the direction of the company and the stock as a result. In addition, ... Read the Full Story |
| Industrials | | Growing trends within the railroad market have the stocks in reversal. The combination of institutional support and analysts’ upgrades have the stocks at a bottom and moving higher with an expectation for a recovery that could last beyond 2024. In Citigroup's (NYSE: C) eyes, the US transportat... Read the Full Story |
| Industrials | |
Domestic rideshare operator Lyft Inc. (NASDAQ: LYFT) has fallen even further in Uber Technologies Inc. (NYSE: UBER) rearview mirror. While its Q1 2023 earnings report beat the top and bottom lines with its adjusted profits, Wedbush analyst Dan Ives said that Lyft has "lost all Street credibility" ... Read the Full Story |
| Industrials | |
As global shipment volumes decline as a result of normalization within supply chains after dire bottlenecks were experienced during the peak effects of the COVID-19 pandemic, some investors have taken an extremely pessimistic view toward companies operating within the space, assigning rock-bottom ... Read the Full Story |
| Technology | |
AI is happening. It’s about to change the world and will cause a boom in productivity unlike any we’ve seen. The shift to AI will also cause a boom in the stock market, and investors should be wary. Hype, because that is what it is; the hype about the growth potential is akin to what w... Read the Full Story |
| Tuesday's Early Bird Stock Of The Day 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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