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.
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Healthcare | |
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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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 |
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Consumer Discretionary | |
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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Consumer Discretionary | |
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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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 |
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Consumer Discretionary | |
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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Technology | |
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 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 |
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Consumer Discretionary | |
There are many reasons to have been bearish on Kohl’s (NYSE: KSS) Q1 outlook, but the company has proven naysayers wrong. The company’s Q1 report has many things to like, but the #1 is a commitment to the dividend. The dividend is worth 10% annually (or was worth 10% now that shares ar... Read the Full Story |
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Technology | |
Small-cap business software maker Intapp Inc. (NASDAQ: INTA) analyst ratings show a consensus view of “buy.”
This is a stock that has several factors going for it, that could make it a solid price performer in the coming months or years, but would-be investors shouldn’t make to... Read the Full Story |
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Industrials | |
This year’s stock market can be summed up in one word — resilient.
On top of inflationary pressures and rising rates, not even government debt ceiling uncertainty has been able to slow the upward momentum. Just two months removed from the bank crisis downturn, the S&P 500 climbed ... Read the Full Story |
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Consumer Discretionary | |
There are few stocks out there with a 4-digit price-to-earnings (PE) ratio still showing gains for the year, but Palo Alto Networks Inc (NASDAQ: PANW) is one of them. What's all the more surprising is that this isn't even part of a recovery bounce. No, instead it's a case of Palo Alto shares tradi... Read the Full Story |
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Markets | |
Domestic small caps, as tracked by the iShares Russell 2000 ETF (NYSEARCA: IWM) have significantly underperformed larger stocks in the past three months. You can easily compare performance of that ETF versus the large-cap SPDR S&P 500 ETF Trust (NYSEARCA: SPY).
The former is down 4.80% year-t... Read the Full Story |
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Thursday's Early Bird Stock Of The Day USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. It operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and West Colton Terminal, an unit train-capable destination terminals that trans load approximately 13,000 barrels per day ethanol and renewable diesel received by rail from producers onto trucks. The Fleet Services segment provides leased railcars and fleet services related to the transportation of liquid hydrocarbons. It operates a fleet of 200 railcars. USD Partners GP LLC serves as the general partner of the company. The company was incorporated in 2014 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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