Good MorningEquity markets advanced last week despite a hot read on inflation. The PCE price index was hot and accelerated from the previous month. The data points to another FOMC interest rate hike and contradicts the idea the FOMC may pause or even cut rates soon. The takeaway is that economic pressure will continue to build, and more banks are likely to fail. Additionally, the cost of credit will continue to rise and squeeze consumers.
The hot story in stocks is NVIDIA. The company's results prove the dawning of the AI age and point to solid results from other companies next quarter and this year. While the chip-makers will be at the forefront of the revolution, the companies that stand to gain the most are the traditional tech services companies like Microsoft, Apple, Amazon, and Google. Featured: Learn 7 secret wealth tips high net worth investors use (Ad) 
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Markets | |
As Bed Bath & Beyond (NASDAQ: BBBY) goes through the painful and defeating process of declaring bankruptcy, investors who have a financial - and often emotional - vested interest in other similar companies are feeling the heat of what could happen when things go wrong. Big Lots (NYSE: BIG) sha... Read the Full Story |
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Technology | |
Marvell Technology (NASDAQ: MRVL) started moving higher before the Q1 earnings were released because of results released by NVIDIA (NASDAQ: NVDA). NVIDIA’s results were down compared to last year but well above the consensus estimate and came with solid guidance. The guidance is mind-blowing... Read the Full Story |
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Consumer Staples | |
Some investors are blessed with the opportunity to participate in the growth and development of a business that genuinely carries the 'recession-proof' badge of honor. Unfortunately, recession concerns have recently increased the fear gauge in markets, with many beginning to withdraw from equities... Read the Full Story |
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From Our Partners | | AI data centers have a power problem nobody likes to talk about. A single rack of computers can now use more electricity than an entire office building.
One new chip, which looks more like a piece of plywood than a processor, delivers similar performance on a fraction of the power. Tech investing veteran George Gilder says that efficiency gap could decide who wins the next stage of AI.
Gilder has identified three companies positioned around this power breakthrough, calling them the Trillion Dollar Triangle. | | See the three companies behind this AI power breakthrough now |
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Markets | |
The PCE price index came hotter than expected and will profoundly impact the market. The index accelerated at the core and headline levels and on a month-to-month and YOY basis which can lead to only 1 thing: higher interest rates. The FOMC indicated a pause was possible at the last meeting but no... Read the Full Story |
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Industrials | |
It’s been a stock picker’s market lately. Indexes have been moving sideways and having trouble gaining sustained upside traction, yet there are numerous stocks not named Nvidia Corp. (NASDAQ: NVDA) that are rallying to new highs.
Recently some of those stocks include names from the u... Read the Full Story |
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Consumer Staples | |
When Gillette came out to provide the men's marketplace with a reliable grooming solution, many failed to realize that this one product line would fall swiftly into the category that investors today call 'defensive,' as characterized by low cyclicality and volatility coupled with an underlying ste... Read the Full Story |
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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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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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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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Monday's Early Bird Stock Of The Day Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators. The company products are the used in aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, military, smartphone, tablet, and wearable markets. It sells its products through direct sales force, electronic component distributors, and independent sales representatives. Skyworks Solutions, Inc. was founded in 1962 and is based in Irvine, California. | | View Today's Stock Pick |
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