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) 
|
Markets | | |
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 >> |
|
From Our PartnersMarketBeat All Access is the premier all-in-one stock research solution that helps you identify the best stocks, monitor your portfolio, and keep track of the market. You get our top stock picks, best-in-class research tools, real-time alerts, proprietary research reports and much more. Claim your $200 account credit and free 30-day trial subscription today.
| | Sign-Up for MarketBeat All Access Here (Save $200) |
|
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 >> |
|
Markets | | |
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 >> |
|
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" |
|
Markets | | |
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 >> |
|
Markets | | |
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 >> |
|
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.
| | See How This AI Innovation Could Impact Investors Like You |
|
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 >> |
|
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 >> |
|
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 >> |
|
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 >> |
|
Markets | | |
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 >> |
|
The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat Motus GI Holdings, Inc. operates as a medical technology company in the United States. It develops Pure-Vu system, a medical device to facilitate the cleansing of a poorly prepared gastrointestinal tract during the colonoscopy and facilitates upper gastrointestinal endoscopy procedures. The company was formerly known as Eight-Ten Merger Corp. and changed its name to Motus GI Holdings, Inc. in November 2016. Motus GI Holdings, Inc. was founded in 2008 and is based in Fort Lauderdale, Florida. | | View Today's Stock Pick |
|
