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: Sell these "safe" blue chips immediately (Ad) 
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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 |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Discretionary | |
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 |
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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 |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | |
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 |
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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 |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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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 |
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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 |
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Consumer Discretionary | |
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 |
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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 |
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Technology | |
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 |
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Friday's Early Bird Stock Of The Day Post Holdings, Inc. operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names. The Weetabix segment primarily manufactures, markets, and distributes branded and private label RTE cereal under Weetabix and Alpen brands; hot cereals and other cereal-based food products; breakfast drinks; protein-based shakes under the UFIT brand, and nutritional snacks, such as muesli. The Foodservice segment produces and distributes egg products primarily under Papetti's and Abbotsford Farms brands, as well as potato products in the foodservice and food ingredient channels. The segment also manufactures certain meat products. The Refrigerated Retail segment produces and distributes side dish, potato, sausage products under Bob Evans, Bob Evans Farms, and Simply Potatoes brands; eggs and egg products under Bob Evans Egg Whites and Egg Beaters brands; and cheese, and other dairy and refrigerated products under Crystal Farms brand. It serves grocery stores, mass merchandise customers, supercenters, club stores, natural/specialty stores, dollar stores, discounters, wholesalers, convenience stores, pet supply retailers, drug store customers, foodservice distributors, and national restaurant chains, as well as sells its products in the military, ecommerce, and foodservice channels. The company was founded in 1895 and is headquartered in Saint Louis, Missouri. | | View Today's Stock Pick |
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