Good MorningEquity markets advanced on Thursday after a resolution to the debt ceiling deal emerged. The S&P 500 gained almost 1.0% by the end of the day and is on track to set a new high in the coming week. The caveat for traders and investors is that the index is still below the critical 4,300 mark and may not be able to advance beyond it.
The NFP report will dominate Friday's action. The NFP is expected to moderate job growth, an uptick in unemployment and ongoing wage inflation. The news, as expected, suggests a slowing in the economy but does not give the FOMC much leeway regarding interest rates. With inflation still running hot, the FOMC will have to keep rates higher, which will continue to pressure S&P 500 earnings. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Consumer Discretionary | |
PVH: Is This Value Back In Style?
Shares of Nordstrom (NYSE: JWN) are trading higher by nearly 2% on Thursday's trading session on the back of adjusted earnings per share beat. While analysts expected a loss of $0.11 per share, the company surprised investors and markets alike by reporting a... Read the Full Story |
|
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 |
|
Retail/Wholesale | |
Chewy.com (NASDAQ: CHWY) delivered what investors have been waiting years to see; accelerating top-line growth, expanding margins, and a growing lever for profitability. The Q1 news has shares up more than 20%, which is a significant figure, and the analysts will propel it higher. They are recalcu... Read the Full Story |
|
Technology | |
Okta, Inc (NASDAQ: OKTA) reported a blow-out quarter that should have the stock moving higher. Instead, the market is moving lower because of 2 analysts' downgrades, which may start a new trend. As good as the Q1 results and outlook are, they include 1 thing that will keep this market capped for t... Read the Full Story |
|
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 |
|
Retail/Wholesale | |
Shares of the discretionary offerings giant Macy's (NYSE: M) are sliding by as much as 15.2% in the pre-market hours of Thursday morning, as the company released its first quarter 2023 earnings results, culminating in a breakout of investor concerns over what was shown. Despite the company being a... Read the Full Story |
|
Consumer Discretionary | |
PVH Corporation (NYSE: PVH) shares pulled back in the wake of the Q1 release and guidance, which begs the question, is the value a buy? The stock is certainly a value compared to peers like Ralph Lauren (NYSE: RL) and Levi Strauss (NYSE: LEVI), but offsetting factors may make this stock less than ... Read the Full Story |
|
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. |
|
Technology | |
After the close Wednesday, the hyped enterprise AI firm C3.ai (NYSE: AI) reported lukewarm earnings, eliciting a sharp market backlash as shares plummeted 20%. With AI being the topic of discussion in every corporate boardroom, investors expected a significant showing from C3.ai, which instead rep... Read the Full Story |
|
Markets | |
Equitrans Midstream Corp. (NYSE: ETRN) got some fuel from D.C. politicians, climbing 40% for the week as its Mountain Valley Pipeline project looks set for completion as part of the debt ceiling deal.
Does this stock’s big advance have wider ramifications for other pipeline stocks?
The P... Read the Full Story |
|
Auto/Tires/Trucks | |
Mobileye Global Inc. (NASDAQ: MBLY) is showing signs life, reminiscent of the iconic scene from "Monty Python's Life of Brian" where a character declares, "I’m not dead yet!"
After a selloff following the company’s most recent earnings report, numerous large investors clearly believed... Read the Full Story |
|
Technology | |
NetApp, Inc. (NASDAQ: NTAP) reported earnings for their fourth quarter ending April 2023 yesterday after the close and topped consensus estimates. While the outlook for the storage systems and data management solutions company was mixed, the slight uptick in the extended session and set up on a hi... Read the Full Story |
|
Business Services | |
CXApp Inc. (NASDAQ: CXAI) shares have been caught up in the artificial intelligence (AI) mania. On no news, its shares spiked to $21 on April 23, 2023, and have been melting since. The AI bug has bitten the mainstream thanks to the battle of the AI giants Microsoft Co. (NASDAQ: MSFT) and Open.ai&... Read the Full Story |
|
Friday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
|
