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: Elon’s big $266,000 per second purchase (Ad) 
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Basic 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 |
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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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Energy | |
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 |
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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 |
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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 | |
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 |
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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 |
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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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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 |
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Retail/Wholesale | |
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 |
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Manufacturing | |
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 |
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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 |
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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 |
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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 |
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