Good MorningEquity markets pulled back on Tuesday to start a holiday-shortened week on uncertain footing. The move comes at the start of a light week regarding data and earnings, which could be a sign that bulls are not as confident as they may appear. The market is moving higher but with little cause other than an expectation that the FOMC will soon be done hiking interest rates. The critical factor is that the FOMC is not finished with hiking rates, and it may cause more bank failures in the coming weeks and months.
The S&P 500 is trending higher and may set another new high. The next target for solid resistance is at the all-time high, which may be reached by the start of Q2 earnings reporting. The peak of the reporting season begins in 3 weeks and may provide fuel for the rally. The risk is that the outlook for Q3 and Q4 will deteriorate and sap upside potential from the market. Featured: Last week's stock pick was quite popular... (Ad) 
|
Consumer Discretionary | |
Family entertainment company Mattel, Inc. (NYSE: MAT) stock has languished in 2023, up 2% on the year, underperforming the S&P 500 index, up 15%. The upcoming Barbie movie scheduled to release in theaters on July 21, 2023, could give shares and investor sentiment a much-needed boost.
While th... Read the Full Story |
|
From Our Partners | | Investors pulled 2.9 billion dollars from the world's largest gold fund in a single day this March, pushing total outflows to 14 billion.
At the same time, the World Gold Council recorded the highest quarterly central bank gold buying on record, with buyers taking physical delivery instead of paper shares. | | Discover the company on the buying side before the September 30th delivery date. |
|
Markets | |
When it comes to gaining an edge in the market, few tactics are as controversial and captivating as buying or selling securities based on privileged information. However, the Securities and Exchange Commission (SEC) has implemented stringent regulations to curb such practices and ensure fair and t... Read the Full Story |
|
Healthcare | |
Innovative Eyewear Inc. (NASDAQ: LUCY) shares soared on announcing a Reebok line of "smart" eyewear products to launch in 2024. The company is careful with its wording to refrain from calling its eyewear "smart glasses." They are Bluetooth-connected audio glasses with four open-air speakers enabli... Read the Full Story |
|
|
Markets | |
ESG investing is not dead, but ESG investing as an investment thesis might be. Fund outflows from ESG-related funds topped 75% in 2022 and have only worsened. The trend is not limited to the US; UK ESG fund outflows recently hit a new high and spelled doom for the industry.
There have already bee... Read the Full Story |
|
Consumer Staples | |
The chart on cosmetics company e.l.f. Beauty, Inc. (NYSE: ELF) can be described in one word — gorgeous.
The surging mid-cap is riding an eight-month winning streak that, absent a -1% September 2022 blip, would be at 13 months. Although it has more than quadrupled along the way, the momentum... Read the Full Story |
|
From Our Partners | | The national debt just crossed $39 trillion, and Elon Musk - former head of the Department of Government Efficiency under President Trump - has gone on record saying the U.S. is '1,000% going to go bankrupt' if the trajectory doesn't change.
The Trump administration preserved a little-known IRS loophole that allows everyday Americans to shield their retirement savings from the next wave of market turbulence. A free 2026 Wealth Protection Guide walks through the steps to use it. | | Download your free 2026 Wealth Protection Guide and secure your nest egg |
|
Technology | |
The Q2 earnings reporting season is about to be unleashed, making now an excellent time to look at which stocks the analysts are paying attention to. Among the many ways to find this information is Marketbeat’s list of the Most Upgraded Stocks. This list tracks upgrades and upward price targ... Read the Full Story |
|
Industrials | |
The Industrial Select Sector SPDR Fund (NYSE: XLI) recently broke above two critical resistance levels, indicating a shift in the industrial sector. The breakout has gone relatively unnoticed, as the attention remains on other key sectors and industries. However, with critical levels of resistance... Read the Full Story |
|
Technology | |
Sure, everyone knows about the sky-high valuations of Nvidia Corp. (NASDAQ: NVDA) and other techs as the Technology Select Sector SPDR Fund (NYSEARCA: XLK) has advanced 20.99% in the past three months and 39.48% year-to-date.
However, don’t overlook the not-so-glamorous industrials sector,... Read the Full Story |
|
Technology | |
Any of our readers who were around for the incredible bull years of 2018 and 2019, and indeed through much of the pandemic rally, will remember the epic runs of both NVIDIA Corp (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). As the longer-term opportunity in the semiconductor space becam... Read the Full Story |
|
Healthcare | |
Investors seeking growth often have no choice other than paying up for a stock with strong potential. However, there are some stocks that appear to be trading at low valuations relative to their growth potential.
Waters Corp. (NYSE: WAT), Agilent Technologies Inc. (NYSE: A) and Illumina Inc. (NA... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express promoted feeds, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product services for better displaying and promotion of its account and content; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, the People's Republic of China. | | View Today's Stock Pick |
|
