Good MorningEquity markets fell for a 3rd day as fear of a broader spread financial system crisis grows. While the First Republic Bank chapter of the saga has come to a close, the FOMC is expected to keep rates at high levels for a sustained time and will likely cause more banks to fail. The question is how many and how soon, and the answer may not be known until regulators close the next bank down.
The S&P 500 shed more than 1.0% at the session's low and is testing support at the 4,050 level. Support at this level may be tenuous and lead to another market sell-off. If so, the following targets for support are several percentage points lower. Even if the market can sustain these levels, there is clear resistance at the 4,150 level that is keeping the market from moving higher. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Auto/Tires/Trucks | |
The global automotive industry has been one of the slowest cyclical groups to recover from the pandemic. When restaurants and retailers got back on their feet, automakers continued to struggle with parts shortages and lingering supply chain issues.
As the industry plays catch up, there are signs... 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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Retail/Wholesale | |
Typically after a company releases earnings, investors react by weighing two pieces of important information. Firstly, the actual earnings results and other critical financial metrics about the underlying business can be a placeholder to digest what occurred through the period. Secondly, and perha... Read the Full Story |
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Medical | |
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) gapped down more than 6% on May 4, despite reporting better-than-expected first-quarter earnings and revenue.
Net income tumbled by 12% to $10.09 a share. That sounds bad, but it actually came in ahead of views, which called for $9.52 a share, a decre... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Technology | |
An immediate jump in last night's after-hours session should tell you everything you need to know about Apple Inc's (NASDAQ: AAPL) Q2 earnings. Investors will have to wait a while and see how shares trade through Friday's session and into next week, but for now, the numbers could well justify a mo... Read the Full Story |
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Technology | |
A sustained rally in Datadog (NASDAQ: DDOG) is yet to be seen, but the bottom is in for this market. After a year of downtrend driven by analysts' sentiment, the company is reporting better-than-expected numbers and guiding the market higher. This is not surprising given the strength reported by C... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Consumer Discretionary | |
Shares of Kellogg Company (NYSE: K) pulled back after reporting solid figures and raising its guidance. The move is contrary to the news and smacks of profit-taking, given the strength shown by other packaged food companies earlier in the reporting season. Names from General Mills (NYSE: GIS) to M... Read the Full Story |
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Markets | |
That collective sigh of relief you heard when JPMorgan Chase & Co. (NYSE: JPM) purchased the assets of First Republic Bank has morphed into panic. Another regional bank, PacWest Bancorp (NASDAQ: PACW) confirmed that it’s in discussions with investors.
Shares of California-based PacWest... Read the Full Story |
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Retail/Wholesale | |
Shares of Yum! Brands (NASDAQ: YUM) are moving lower on an earnings shortfall that investors could easily overlook. The Q1 earnings were slightly below expectation but supported by solid margins and growing volume. In a world where volume is shrinking for many companies, this is an excellent probl... Read the Full Story |
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Technology | |
Qualcomm Inc (NASDAQ: QCOM) released its Q2 financial results after the bell on Wednesday, with investors watching closely to see if they could match the optimistic beats of many of their tech peers. For Qualcomm, in particular, an upside beat and upbeat forward guidance were very much needed, as ... Read the Full Story |
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Industrials | |
When you look at a commercial building, an oil-and-gas rig, a utility substation, or even your own home, it’s pretty likely you’re not pondering what company made the electrical gear that keeps the whole shebang powered. There’s a good chance that electrical systems supplier Hubb... Read the Full Story |
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Friday's Early Bird Stock Of The Day Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Canada; Dubai, United Arab Emirates; Edinburgh, United Kingdom; Fort Lauderdale, United States; Hyderabad, India; London, United Kingdom; Rancho Cordova, United states; Shanghai, China; Singapore; Stamford, United States; and Vienna, Austria. | | View Today's Stock Pick |
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