Good MorningEquity markets retreat again on Wednesday as market participants gauge the impact of high-interest rates, high inflation, and the growing chance the US will enter another government shutdown. Debt ceiling negotiations are at the forefront of everyone's mind and are helping to drive the markets, but it is not what will bring the S&P 500 down. A growing number of companies are indicating 2nd quarter or 2nd half weakness that is taking a toll on the earnings outlook. If there is anything that moves the S&P 500, it is the outlook for earnings.
The next 2 days will be a test for the market. The S&P 500 continues to show resistance at the 4,150 level, and the PCE price index is due out on Friday. The index is not expected to give the Fed much reason to pause and may keep equities from moving higher. With the summer fast approaching, the odds of a summer rally are fast diminishing.
Featured: Investors! This Is A Lithium Company To Watch (Jourdan Resources) 
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VF Corporation (NYSE: VFC) has entered a year of change that could lead the stock higher. The company is working to turn around the core brand, Vans, and improve its supply chain and efficiency, and those efforts have begun to show up in the results. The results are better than expected and come w... Read the Full Story >> |
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Markets | | | Stock photography company Shutterstock announced on Tuesday that it will acquire the animated image platform Giphy from Facebook parent company Meta."This is an exciting next step in Shutterstock's journey as an end-to-end creative platform," Shutterstock CEO Paul Hennessy said in a statement. The d... Read the Full Story >> |
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Mid-cap chip-gear maker Axcelis Technologies Inc. (NASDAQ: ACLS) has been on a rocket ride, posting the following returns:
1 week: 9.68%
1 month: 13.66%
3 months: 14.26%
Year-to-date: 79.55%
On May 17, the stock jumped out of consolidation with a buy point above $136.30. It&rs... Read the Full Story >> |
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From Our PartnersOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines. | | | | See why graphite could be the "new lithium" |
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Pfizer Inc. (NYSE: PFE) released the results of a peer review study that sent shares up more than 5%. The study evaluated the company’s GLP-1 receptor agonist, danuglipron. The compound aimed to treat obesity and was shown to significantly impact patients at two different dosages over the sa... Read the Full Story >> |
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Analysts expected PetCo Health and Wellness (NASDAQ: WOOF) to deliver first-quarter 2023 earnings per share of $0.025. However, many are waking to a satisfying surprise, as the American pet outlet reports a 140% upside beat for $0.06 earnings per share. Today, as the company releases all the signi... Read the Full Story >> |
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From Our PartnersAs good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
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Markets | | | Netflix customers have been up in arms since the streaming giant announced last spring that it would start cracking down on password sharing (via extra fees) in "early 2023."In a letter to shareholders last year, the company wrote: "We've landed on a thoughtful approach to monetizing account sharing... Read the Full Story >> |
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Markets | | | The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession.Data released Thursday by the Federal Statistical Office shows Germany's gross domestic product, or GDP, declined by 0.3% in the period from Ja... Read the Full Story >> |
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Markets | | | Weddings are supposed to be joyous occasions where couples celebrate their love with family and friends. But in recent years, the wedding industry has become a multi-billion dollar business, with couples feeling pressured to have the biggest, most extravagant wedding possible. From the most exp... Read the Full Story >> |
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Markets | | | The AI revolution continues.At its annual Microsoft Build developer conference in Seattle on Tuesday, the company announced several AI updates to help both Bing and ChatGPT become more intelligent, intuitive and widespread, CNN Business reported.Related: ChatGPT: What Is It and How Does It Work? | E... Read the Full Story >> |
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Toll Brothers (NYSE: TOL) stock rose following the Q2 release and could move higher given the persistent outperformance shown by it and other home builders. However, the signs of an impending sharp slowdown continue, and the chart does not suggest higher prices. If anything, the market has reached... Read the Full Story >> |
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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat Kiora Pharmaceuticals, Inc. is a clinical stage specialty pharmaceutical company, which engages in the development and commercialization of products for treating diseases and disorders of the eye. Its pipeline includes KIO-301, which is designed to restore vision in patients with inherited and age-related degenerative retinal disease, KIO-101 for patients with Ocular Presentation of Rheumatoid Arthritis, KIO-201 for patients undergoing PRK surgery for corneal wound repair after refractive surgery, and KIO-102. The company was founded in 1998 and is headquartered in Encinitas, CA. | | View Today's Stock Pick |
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