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)

bolt

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

If you were unfortunate enough to miss the three boom periods of years past, the next 3-6 months could right the course of your financial future as the experts are pointing to 2023-2024 being the next boom cycle for crypto.

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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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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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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."

See How Investors Could Benefit From More "Made in America" Lithium

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

[URGENT REPORT] Don't Lose Money to Market Uncertainty

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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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Tech

'Leap of faith:' Alaska pursues carbon offset market while embracing oil

Alaska's push to become a bigger player in the clean energy market is in the spotlight this week at a conference convened by its Republican governor, even as the state continues to embrace new fossil fuel production, including the controversial Willow oil project on the petroleum-rich North Slope.At...

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Markets

Millennial Money: How to pick a socially responsible bank

It has never been easier to open a bank account, especially with the spread of online services, but there has also never been so much choice about where to put your money. If you’re overwhelmed by your banking options, think about your ability to shape social change with your money. Now is a great t...

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The Early Bird Stock Of The Day

Tuesday: Stock Being Upgraded

Monster Beverage Co.

Monster Beverage Co.

Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale, and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands, and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to bottlers and full-service beverage distributors. The Strategic Brands segment sells concentrates and beverage bases to authorized bottling and canning operations. The Other segment consists of certain products sold by its subsidiary, American Fruits and Flavors LLC to independent third-party customers. The company was founded on April 25, 1990, and is headquartered in Corona, CA.

View Today's Stock Pick

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