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: He started with $2,000. Now he's at $3 million. (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 | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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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 | | 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 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 | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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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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