Good MorningEquity markets could surge on Tuesday when the stock market reopens from the Memorial Day holiday. Powers in Washington, D.C., have struck a debt-ceiling deal and averted the risk of a US default. While good news, the real risk lies with inflation and interest rates, which are still rising. A rally in the stock market may be short-lived because of it, so investors should beware.
This weeks calendar brings another round of retail earnings and reports from AI-centric tech names like Ambarella. Ambarells is set to report earnings on Tuesday morning and could be the next AI stock to melt up. On the economic front, the monthly labor data is center stage and may move the markets on Friday. Job creation is important, but the bigger data may be the unemployment and wage inflation numbers. Featured: Three oil giants buried the same discovery for 50 years (Ad) 
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Technology | |
Chip gear maker KLA Corp. (NASDAQ: KLAC), has been moving in tandem with juggernaut Nvidia Corp. (NASDAQ: NVDA).
Just about all chipmakers and chip designers, with the notable exception of the currently downtrodden Intel Corp. (NASDAQ: INTC), have been riding Nvidia’s coattails to at least ... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Consumer Staples | |
At any time, but in volatile markets particularly, investors who are seeking value can look for stocks that are trading near their 52-week lows. These stocks have a higher likelihood of being undevalued and oversold. Therefore, they can be savvy buys particularly in a range-bound market.
Of cou... Read the Full Story |
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Technology | |
Nvidia CEO Jensen Huang calls ChatGPT's November 2022 release the AI industry's "iPhone moment," triggering an arms race among tech firms, big and small. Microsoft quickly bought half of OpenAI, the company behind ChatGPT. At the same time, Google, Meta and Alibaba raced to develop their own compe... Read the Full Story |
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From Our Partners | | A scheduled announcement on July 31st could reshuffle the stock market's winners and losers - and one lesser-known name may be positioned to benefit while the Magnificent 7 stumbles.
Smaller, overlooked stocks are showing growing potential to challenge AI's biggest players. One specific ticker stands out heading into that date. | | Get the name and ticker of this stock on your radar now |
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Auto/Tires/Trucks | |
In a move that caught EV industry insiders off guard, Tesla and Ford last week announced a partnership to allow Ford electric vehicle owners to use the Tesla Supercharger networking, comprising over 12,000 charging stations.
Existing Ford EVs will use an adapter to access Superchargers, while new... Read the Full Story |
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Technology | |
With the AI boom in full swing, many investors are looking to chip makers as the companies that will proverbially sell picks and shovels in the AI gold rush. The thinking goes that the companies that sell the expensive chips used to train and run AI models are bound to succeed regardless of which ... Read the Full Story |
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From Our Partners | | Without a will, your state's intestacy laws decide how your assets are divided — a rigid formula that ignores unmarried partners, unequal financial needs among heirs, and charities you supported. Outdated beneficiary forms on retirement accounts can send assets to ex-spouses or estranged relatives, regardless of what your will says.
Probate without a will can take months or years, freeze your assets, and become part of the public court record. A fiduciary financial advisor can walk you through beneficiary designations, trust structures, and tax strategy before it's too late. | | Match with a vetted fiduciary advisor in your area today |
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Retail/Wholesale | |
Chinese e-commerce giant PDD Holdings (NASDAQ: PDD), which just reported strong earnings results, is looking to disrupt the US fast-fashion market with its new app targeted at the international market, Temu.
PDD is no stranger to rapid growth. The upstart firm started from zero in just 2015 to be... Read the Full Story |
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Medical | |
Iovance Biotherapeutics Inc. (NASDAQ: IOVA) shares spiked over 20% on its advanced-stage melanoma treatment application to the U.S. Food and Drug Administration (FDA). The company submitted, and the FDA accepted, its Biologics License Application (BLA) for advanced melanoma. Iovance is a clinical-... Read the Full Story |
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Retail/Wholesale | |
American Eagle Outfitters, Inc. (NYSE:AEO) is having an amazing 70% off sale…but is it really a bargain?
On May 25th, shares of the clothing retailer went on the clearance rack following a weak 2023 outlook. Now trading more than 70% below its June 2021 record high, Wall Street can’t... Read the Full Story |
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Retail/Wholesale | |
Cracker Barrel (NASDAQ: CBRL) stock has been lagging behind its sit-down restaurant peers despite a solid rebound in the industry. Reports from Darden Restaurants International (NYSE: DRI), Ruth’s Hospitality Group (NASDAQ: RUTH), Bloomin’ Brands (NASDAQ: BLMN), and Texas Road House a... Read the Full Story |
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Medical | |
Intuitive Surgical (NASDAQ: ISRG) manufactures the revolutionary da Vinci Surgical System, the leader in robotic-assisted surgery systems. Da Vinci is turning 23 years old this year, with over 10 million surgeries worldwide performed since its launch in 1995. The company has continued to innovate ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; retail branch network; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment portfolio management, and brokerage services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri. | | View Today's Stock Pick |
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