Good MorningEquity markets were able to advance on Friday after a week of consolidation. The S&P 500 moved up through the 4300 level to set a new 12-month high and it may keep going higher. However, the move is not driven by any fundamental factor that can be pinned down, so the bottom could fall out of the market at any time. This week's risk is multi-faceted and could be the difference between a summer rally and a quick reversal.
Topping the list of market-moving events is the FOMC meeting. The FOMC is not expected to hike rates but may surprise the market with its statement. The CPI is another market-moving event, and it comes out ahead of the FOMC announcement. whatever the market thinks will happen at the meeting could change, given the CPI news. After that, it's the retail sales figure which is due out on Thursday. Retail sales are expected to rise YOY but not enough to offset inflation; the takeaway is that demand is in decline only we're paying more for what we get. Featured: 100% overnight gains? (Ad) 
|
Materials | |
This month, London-based Rio Tinto Group (NYSE: RIO) became the first mining company to operate an open pit mine solely with renewable diesel fuel. A shift from using fossil diesel to renewable diesel in heavy machinery at its California borax mine marked a significant milestone in a quest to rea... Read the Full Story |
|
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 |
|
Industrials | |
After surging more than 1000% and giving up every bit of the gains, the shares of FuelCell Energy (NASDAQ: FCEL) are back to a realistic valuation. The stock is trading even with the pre-boom price point of $2.30, which makes it an attractive buy, given its progress over the past 2 years. The comp... Read the Full Story |
|
Energy | |
Cactus (NYSE: WHD) expected the acquisition of Flexsteel to be accretive in the first year, and the execs were more than right. The Q1 results were good enough but came with solid guidance for Q2, which is now improved. The company issued a new investor presentation outlining the company’s p... Read the Full Story |
|
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 |
|
Technology | |
Tax software may not be the most glamorous business; as of today, no company in that industry has launched a virtual reality headset. However, if you’re scouting for a company with solid double-digit revenue growth that’s being snapped up by institutional investors, then Vertex Inc. (N... Read the Full Story |
|
Markets | |
Are you intrigued by the world of investing but are bewildered by the complex terminology surrounding financial instruments? If questions like "What is a mutual fund?" have left you scratching your head, fret not!
We will unveil the mysteries behind mutual funds, a popular choice among seasoned ... Read the Full Story |
|
From Our Partners | | Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experiment called Project Prophet - and documented everything on film.
Rooted in the laws of physics, this quantitative approach challenges conventional wealth-building wisdom. With 17 years of verified data behind it, Porter calls it unlike anything he has seen in nearly 30 years in the business. | | Watch the full investigation and decide for yourself |
|
Technology | |
When it comes to entering the world of investing, investors often find themselves faced with a multitude of questions.
"How do I choose a brokerage account?"
"What brokerage should I use?"
"How do I find a broker?"
These are common questions asked by individuals embarking on their investme... Read the Full Story |
|
Consumer Discretionary | |
The restaurant industry is bouncing back strong from pandemic-era closures, as well as labor shortages and inflation that’s increasing their costs and squeezing customers’ budgets.
BJ's Restaurants Inc. (NASDAQ: BJRI) is among restaurant stocks serving up a notable turnaround. Like ma... Read the Full Story |
|
Consumer Discretionary | |
Economies worldwide have experienced rampant inflation levels as the effects of the COVID-19 pandemic forced governments and central banks to stimulate their locked-down economies by injecting liquidity. Today, as the impact and restrictions placed because of this pandemic subside, these same nati... Read the Full Story |
|
Consumer Discretionary | |
The American consumer is giving mixed signals when it comes to apparel spending, but clothing companies G-III Apparel Group Ltd. (NASDAQ: GIII), PVH Corp. (NYSE: PVH) and Ralph Lauren Corp. (NYSE: RL) show promising technical signals on their charts.
According to a May report from consulting fir... Read the Full Story |
|
Industrials | |
Think again if you think Plug Power’s (NASDAQ: PLUG) new deal with Energy Vault (NYSE: NRGV) will move the needle this week or this summer. The deal is for 8MW of generating capacity for a single town in California and is a drop in the bucket for this company. However, the long-term potentia... Read the Full Story |
|
Monday's Early Bird Stock Of The Day EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services. It also provides operation solutions comprising integrated engineering practices and smart automation services. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. The company serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries EPAM Systems, Inc. was founded in 1993 and is headquartered in Newtown, Pennsylvania. | | View Today's Stock Pick |
|
