Good MorningThe equity market rebounded on Thursday, breaking a 3-day losing streak. The rebound shows support at a 2-week low and may lead to another rally, given the right news. The risk is that the summer rally is already peaking due to the renewed fear of FOMC rate hikes. The FOMC has come out with strong rhetoric that inflation is not tamed, more work needs to be done, and 2 or more rate hikes could be on the way.
Next week will be another trying week for the market. The May read of the PCE price index is due out on Friday, and it could be another hot one. If so, the market may be unable to shrug it off as it has in the past. The market, the economy, the Fed, and inflation are heading toward a reckoning that may only produce losers. Odds of a recession stand at 65%. Featured: Boring, cheap, and paying 6% (Ad) 
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Consumer Discretionary | |
Darden Restaurants (NYSE: DRI) Q4 results and guidance were insufficient to spark a rally, but neither are they a good reason to sell the stock. The company is performing well in a tough environment and managing to improve its operations while growing. The pullback in price action following the Q4... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Industrials | |
Just like a flight preparing for departure, United Airlines Holdings Inc. (NASDAQ: UAL) is taxiing toward a breakout, potentially rising to new heights.
The stock has been forming a base below a March 7 high of $55.04. With the broad market weakness in recent sessions, United shares have been s... Read the Full Story |
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Consumer Discretionary | |
KB Home (NYSE: KBH) reported a solid quarter and raised guidance, but the news may not be enough to keep the market moving higher. While better than expected, the results and guidance point to a top in the housing market that some builders have already hit. KB Home produced surprise growth in Q2, ... 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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Markets | |
Patterson Companies, Inc. (NASDAQ: PDCO) is a dual-story that includes healthcare for humans and animals. The company operates in 2 segments, Dental and Animal Health, and both are growing. The growth is good, but the outperformance relative to expectations, the cash flow, and the capital return o... Read the Full Story |
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Communication Services | |
Investors rarely get to consider a blue-chip company like T-Mobile US (NASDAQ: TMUS) amid a decline of more than 17% during the past two months. As the underlying stock carries a beta of only 0.56, a significant move like the one seen in previous months is out of the usual. Beta represents a proxy... Read the Full Story |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Consumer Discretionary | |
Winnebago (NYSE: WGO) did not issue an excellent report for Q3. The company’s revenue is down 38.3%, and earnings are down more due to increased promotional activity and deleveraging. The company doesn’t give formal guidance, and the outlook isn’t as rosy as last year, but someon... Read the Full Story |
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Consumer Discretionary | | Income-focused investors are facing an unfamiliar conundrum.
With the yield on the 10-Year U.S. Treasury hovering around a 15-year high, bonds have emerged as an attractive alternative to dividend-paying stocks. Safehaven government bonds and investment-grade corporate debt are finally providing in... Read the Full Story |
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Consumer Discretionary | |
Like many quick service restaurant (QSR) operators, pizza places have struggled in recent months. Cash-strapped consumers are spending less on pricier takeout food and delivery. Higher wage and commodity costs are eating into profits. From local mom-and-pops to national chains, pizza companies hav... Read the Full Story |
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Markets | |
The leader in online payment services, PayPal (NASDAQ: PYPL), has seen its stock price decline by as much as 81.4% from its all-time high price of $310.16 per share during the midpoint of 2021. While these massive declines could be attributed to the United States FED raising interest rates, which ... Read the Full Story |
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Consumer Staples | |
Few industries were as hard hit as retail during last year’s market selloff. Rising prices and interest rates caused shoppers to curtail spending. From supermarkets to clothing stores, retailers rang up mostly disappointing financial results. The S&P Retail Select Index dropped 33%.
G... Read the Full Story |
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Friday's Early Bird Stock Of The Day American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance. This segment offers marine, energy-related property insurance, aviation, political risk, trade credit, trade finance, and portfolio solutions, as well as operates reinsurance business; voluntary and sponsor-paid personal accident, and supplemental health products; and personal auto and personal property insurance. Its Life and Retirement segment offers individual retirement products, including variable, fixed index, and fixed annuities, as well as retail mutual funds; group retirement products comprising record-keeping, plan administrative and compliance services, financial planning, and advisory solutions; life insurance, including term and universal life insurance; and institutional markets products, which includes wrap products, structured settlement, pension risk transfer annuities, corporate and bank-owned life insurance, high net worth, and guaranteed investment contract products. It distributes its products through a network of brokers, agents, advisors, banks, and other distributors. The company was founded in 1919 and is headquartered in New York, New York. | | View Today's Stock Pick |
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