Good MorningEquity markets pulled back on Tuesday as investor confidence erodes. Persistent high inflation, high interest rates, and a lack of debt ceiling resolution have taken their toll, and markets are facing volatility until the issue is resolved. Additionally, there is growing concern discretionary spending will fall sharply this summer and lead to recession.
The next turning point for the market may be at hand. The S&P 500 is within a critical resistance zone with key inflation data due Friday. The PCE price index is expected to remain hot and keep the Fed on its current path.That is still the question to be answered and the market generally doesn't like uncertainty.
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Markets | |
Are you hungry for a good investment? It might be time to learn how to invest in grocery stores. Most of us visit supermarkets and other grocery retailers weekly or even daily, so it's an industry we're all familiar with. These businesses can significantly grow your portfolio and take advantage of... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Consumer Discretionary | |
Williams-Sonoma (NYSE: WSM) investors are celebrating a 2.3% rally in WSM stock today; the bullish reactions at the market open on Tuesday morning come after the company reported its first quarter 2023 earnings results. As the company outperforms competitors like RH (NYSE: RH) on both a technical ... Read the Full Story |
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Finance | |
It is no surprise if you are interested in Ladder Corporation (NYSE: LADR). The stock hit bottom earlier this year; it is in a new uptrend and pays a 9% yield. The question is, what is Ladder Corporation, and is it a good buy?
Ladder Corporation is a mortgage-focused REIT or real estate investme... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Healthcare | |
Microbot Medical Inc. (NASDAQ: MBOT) stock spiked more than 150% on a massive 194 million share volume on a successful pre-clinical animal study for its LIBERTY surgical robotic system. Shares hit a high of $4.37 intraday before closing at $3.19 on May 22, 2023. The company also announced a $1.4 m... Read the Full Story |
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Consumer Discretionary | |
PetMed Express (NASDAQ: PETS) has struggled for years but may have finally hit bottom. The company’s primary competitor, Chewy.com (NASDAQ: CHWY), dominates and takes market share. The good news is that pet trends remain positive and will help support the company as it completes its turnarou... Read the Full Story |
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From Our Partners | | Nvidia has invested more than 7 billion dollars into a light speed device that could reshape how AI systems operate.
Bill Gates put in over 200 million of his own money, while BlackRock, Vanguard, Morgan Stanley and Norway's sovereign wealth fund are positioning around it. Related stocks have already climbed 133 percent, 217 percent and 320 percent.
Wall Street analyst Jason Bodner, who called Nvidia at 4.50, is sharing his top pick tied to this trend at no cost. | | Click here to see Jason Bodner's free AI stock pick |
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Consumer Staples | |
BJ's Wholesale Club (NYSE: BJ) reported its first quarter 2023 earnings results on Tuesday morning when the broader stock market index was trading lower by a quarter of a percentage point. Investor concerns for a debt-ceiling crisis, which have caused the decline for the indexes, have taken BJ sto... Read the Full Story |
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Technology | | Having once been the poster child for stocks that benefited from the pandemic, shares of Zoom Video Communications Inc (NASDAQ: ZM) have since experienced a hero-to-zero transformation that has few parallels. As recently as the start of this month, they were trading $0.50 higher than their all-time ... Read the Full Story |
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Consumer Discretionary | |
The Consumer Discretionary Sector ETF (NYSEARCA: XLY) is set up for a reversal, and the outlook is certainly in line with that, but a growing number of reports, including the Q1 report from Lowe’s (NYSE: LOW), suggests that the rebound is over. The report from Lowe’s confirms a shift i... Read the Full Story |
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Consumer Discretionary | |
Shares of AutoZone (NYSE: AZO) has delivered investors a jaw-dropping rally, which has not hit any speed bumps since its start in 2021. As other operators in the industry, such as Advance Advance Auto Parts (NYSE: AAP), underperform AutoZone stock by as much as eighty percent during the past twelv... Read the Full Story |
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Consumer Discretionary | |
Reports from names like Walmart (NYSE: WMT), Target (NYSE: TGT), Home Depot (NYSE: HD), Lowe’s (NYSE: LOW), and Foot Locker (NYSE: FL) have signaled a new reality for discretionary spending that Dick’s Sporting Goods (NYSE: DKS) is immune from. While the others speak of shifting trends... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans. In addition, it offers escrow and settlement services. The company provides its products and services through its main office in Cleveland, Ohio; and multiple full-service branches and loan production offices located throughout the states of Ohio and Florida. TFS Financial Corporation was founded in 1938 and is headquartered in Cleveland, Ohio. TFS Financial Corporation is a subsidiary of Third Federal Savings and Loan Association of Cleveland, MHC. | | View Today's Stock Pick |
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