Good MorningEquity markets cheered results from NVIDIA, proving the dawn of the AI age is here. The company's results and guidance are mind-boggling and bode well for investors but may not be the signal for an economic boom. The shift to AI is just that, a shift superseding previous technology already in place. In that light, the AI boom is the next phase in tech and not a new industry to drive and sustain growth. Regarding NVIDIA's share price spike, the stock is unlikely to go much higher than it is now without a significant market consolidation or correction.
Tech stocks rallied on the news, but the S&P 500 and NASDAQ Composite remain below critical levels. Broader economic conditions weigh on equities and provide a headwind for the market. This means equities are more likely to move sideways than not in the near to mid-term, and a long-term trading range could also be in play. Featured: 120 days remain before new defense mineral rules take effect (Ad) 
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Healthcare | |
A reversal has been brewing for Medtronic (NYSE: MDT) and healthcare device makers all year. Increasing procedure volume, supply chain normalization, and innovation drive results and underpinning growth. Medtronic’s Q4 results testify to that combination and should have increased the stock p... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Communication Services | | Plato once said, "Music is a moral law. It gives soul to the universe, wings to the mind, flight to the imagination, and life to everything."
The music industry can be a lucrative investment opportunity or a bottomless money pit.
Fortunately, professionals in the industry are publicly listed and... Read the Full Story |
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Consumer Discretionary | |
Shares of Ralph Lauren (NYSE: RL) are trading higher on Thursday's trading session, advancing as much as 8.2% amid bullish results from the company's first quarter 2023 earnings. RL stock chart would show it has outperformed other names in the sector, such as Under Armour (NYSE: UAA) and Levi Stra... Read the Full Story |
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From Our Partners | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Consumer Staples | |
Sad but true, Dollar Tree confirms a growing trend in the retail world. Theft, euphemistically known as shrinkage, is on the rise and cutting into earnings, and this isn’t the 1st company to say so. Target (NYSE: TGT) has mentioned a growing problem with shrinkage for the last 2 quarters, an... Read the Full Story |
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Consumer Discretionary | |
As most retail - and a sizeable wholesale population - businesses struggled for years to compete against the goliath of industry, Amazon.com (NASDAQ: AMZN), a cleansing of inefficiencies and a spark of innovations has been taking over management conversations at the remaining operators. One resili... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Staples | |
e.l.f. Beauty (NYSE: ELF) is in an uptrend and gaining momentum. The company’s mix of quality and value resonates with consumers, driving unprecedented growth. The company outpaced the Marketbeat.com consensus estimates for FQ4, blew right past them, and guided the next year higher, so shar... Read the Full Story |
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Consumer Discretionary | |
Shares of Buckle (NYSE: BKE) seem indifferent toward the company's first quarter 2023 earnings results, which were laid out for the public to digest during the pre-market hours of Friday morning. Though short, Buckle's press release gave investors a brief window into the challenges the apparel ind... Read the Full Story |
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Technology | |
You can't say you weren't warned. MarketBeat has published several articles on Nvidia Corporation (NASDAQ: NVDA) in recent weeks, suggesting a massive earnings report was on the cards, and that's exactly what they delivered.
Wall Street is still digesting the numbers released earlier this mornin... Read the Full Story |
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Communication Services | |
Global satellite communications specialist Iridium Communications Inc. (NASDAQ: IRDM) has a lot going for it. The stock isn't exactly at new heights, but several of its characteristics look stellar.
The company is expected to post triple-digit earnings growth this year, analysts are upbeat about ... Read the Full Story |
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Energy | |
The energy sector, as tracked by the Energy Select SPDR Fund (NYSEARCA: XLE) is a perfect demonstration of “worst to first” on a year-to-date basis, with a 2023 decline of 8.36%, following its 2022 increase of 64.17%,
But as any seasoned investor or trader knows, sector rotation can s... Read the Full Story |
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Friday's Early Bird Stock Of The Day Bread Financial Holdings, Inc. provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit. The company also manages and services the loans it originates for private label, co-brand, and general-purpose credit card programs, and installment loans and split-pay products; and provides marketing, and data and analytics services. In addition, it offers an enhanced digital suite that includes a unified software development kit, which provides access to its suite of products, as well as promotes credit payment options earlier in the shopping experience. Further, the company through Bread, a digital payments platform and robust suite of application programming interfaces allows merchants and partners to integrate online point-of-sale financing and other digital payment products. It offers its products under the Bread CashbackTM, Bread PayTM, and Bread SavingsTM brands. The company was formerly known as Alliance Data Systems Corporation and changed its name to Bread Financial Holdings, Inc. in March 2022. Bread Financial Holdings, Inc. was incorporated in 1995 and is headquartered in Columbus, Ohio. | | View Today's Stock Pick |
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