Good MorningEquity markets are melting up on AI. The rise of AI has brought game-changing news from companies like NVIDIA, Advanced Micro Devices, Oracle, and Adobe and promises to be a theme of the Q2 reporting season. The biggest names in tech have still to report and, at the end of the cycle, another report from NVIDIA is due. The company was guided to a level 50% above the prior consensus and could easily raise guidance again. In that scenario, the uptrend in NVIDIA, AI stocks, and the broad market will likely continue.
The wall of worry is still in place. The Fed's last policy announcement was less than dovish and may result in 2 more interest rate hikes by the fall. In that scenario, economic pressure will continue to build and may result in more bank failures and declining consumer demand that puts a cap on the market. Featured: This Single Fund Owns Every Major AI Stock and Pays Weekly (Ad) 
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Consumer Discretionary | |
Shares of Nikola (NASDAQ: NKLA) soared over 150% last week, reaching a high of $1.83 per share, before pulling back and ending the week at $1.19, up 68%. After topping out at $93.99 in spectacular fashion in June 2020, the stock has been in a steady downtrend coming off 98%.
The stock traded clos... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
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Markets | |
Semiconductor giant Broadcom Co. (NASDAQ: AVGO) stock has rocketed 35% in the past month, fueled by the artificial intelligence (AI) mania. Broadcom is a significant benefactor from its customers' robust deployment of generative AI. While Broadcom doesn’t make AI chips like Nvidia Co. (NASDA... Read the Full Story |
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Industrials | |
Shares of Mosaic (NYSE: MOS) have been on a steady downtrend since their peak price of $79.28 per share in April 2022. The decline had only accelerated with a more substantial fall lasting for the entire second quarter of 2023 when prices went from virtually $43 per share down to a low of $31.44 i... Read the Full Story |
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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 |
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Consumer Discretionary | |
A war is happening in the tech world, and Amazon (NASDAQ: AMZN) is not sitting idly by. The company commands 30% of the data-center market shares and faces increased competition from names like Microsoft (NASDAQ: MSFT), which continue to whittle away at the market.
The rise of AI has amped the ou... Read the Full Story |
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Technology | |
Computer peripherals and accessories manufacturer Logitech International SA (NASDAQ: LOGI) stock took a (10%) haircut on the sudden resignation of its CEO of 10 years. On June 13, 2023, Logitech CEO Bracken Darrel abruptly resigned after ten years. Board member Guy Gecht, member of the audit comm... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Consumer Discretionary | |
Cosmetics beauty products retailer Ulta Beauty Inc. (NASDAQ: ULTA) shares fell (15%) on its Q1 2023 earnings results. While other retailers like Abercrombie & Fitch Co. (NYSE: ANF) and Urban Outfitters Inc. (NYSE: URBN) are seeing margin expansion, Ulta still deals with margin compression. Mar... Read the Full Story |
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Markets | |
Upscale fast-casual burger restaurant chain BurgerFi International Inc. (NASDAQ: BFI) shares have been staging an impressive rally rising 39% year-to-date (YTD). BurgerFi restaurants are committed to using antibiotic and hormone-free Angus beef that's never frozen and made-to-order as it's chargri... Read the Full Story |
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Technology | |
There is much tension in the chip and semiconductor manufacturing industry today, as fierce competition boils due to the new sentiment towards artificial intelligence; geopolitical tensions and trends push firms to choose regions where they will invest and operate.
Following the blowout rally fro... Read the Full Story |
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Technology | |
Twilio (NYSE: TWLO) has become a forgotten name since coming off about 84% from its pandemic highs, set in February 2021. The communication technology company was a favorite amongst growth players. Still, since its sharp decline over the past two years, it has fallen off the radar of many. However... Read the Full Story |
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Technology | |
When it comes to semiconductor stocks in recent weeks, Nvidia Corp (NASDAQ: NVDA) may have been grabbing most of the headlines, but they're not the only chipmaker whose stock has been soaring. Shares of Broadcom Inc (NASDAQ: AVGO), with a market cap about a third the size of Nvidia's, have also be... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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