Good MorningThe S&P 500 rallied on Friday after news hit the street that a debt ceiling resolution had passed. The next move is for President Biden to sign it into law which is expected to come before the US defaults. The S&P 500 gained more than 1.5% at the high of the session and is on track to break a critical resistance level. That level is the 4,300 level which has capped the market for more than a year.
There isn't much news expected in the coming week. The economic calendar is nearly void of releases and the few earnings reports will not move the market. Because the FOMC meets next week, the market could enter a consolidation while it waits for the new update. The Fed isn't expected to hike rates but it is expected to remain hawkish and indicate the need for rates to remain high. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Technology | |
Nvidia Co. (NASDAQ: NVDA) CEO Jensen Huang sparked market whispers this week, hinting at enlisting Intel Co. (NASDAQ: INTC) to produce chips. Huang told reporters that Nvidia is "open to manufacturing with Intel" and that the company "received test chip results of their next generation process, an... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Auto/Tires/Trucks | |
Shares of Li Auto (NASDAQ: LI) have been on an impressive run lately, clocking in a 44.31% return YTD. What’s even more impressive is that LI has done so while shares of its main competitors, in the People’s Republic of China, BYD (OTCMKTS: BYDDF), XPeng (NYSE: XPEV), and NIO (NYSE: NI... Read the Full Story |
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Consumer Discretionary | |
Shares of Lululemon Athletica (NASDAQ: LULU) traded higher by as much as 13% on the after-market hours of Thursday evening as first quarter 2023 Lululemon earnings results came out. The advance in the stock price comes amid Lululemon's beating earnings expectations, as it reported $2.28 earnings p... Read the Full Story |
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Consumer Staples | |
Regarding steak marinades and financial debt, reductions are good — but not so much with stock dividends.
A board of director's decision to employ dividend cuts is usually motivated by a need to shore up a company's financials. Its near-term ability to generate cash flow becomes compromised... Read the Full Story |
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Consumer Staples | |
Shares of Constellation Brands Inc. (NYSE: STZ) are gradually edging the right side of a base that began in December after the Constellation Brands stock price pulled back from a high of $261.32.
The stock is up 6.27% in the past three months and 9.01% in the past six months. Since the company r... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Technology | |
CrowdStrike Holdings Inc. (NASDAQ: CRWD), the company's first-quarter results and the price action they inspired echo a theme sounded by ID security firm Okta Inc. (NASDAQ: OKTA) and cloud services firm Salesforce Inc. (NYSE: CRM). That theme is one of outperformance and increased guidance that sp... Read the Full Story |
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Technology | |
Shares of Salesforce Inc. (NYSE: CRM) are down following the Q1 earnings release, but the market is already buying the dip. The news and guidance were better than the analysts' forecasts, but the market secretly hoped for more, so the price moved lower. The new wave of AI enthusiasm should have dr... Read the Full Story |
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Technology | |
Zscaler Inc. (NASDAQ: ZS) has differentiated itself from competitors and emerged as the leader in AI-powered cloud security. Unlike competitor SentinelOne Inc. (NASDAQ: S), the company's FQ3 results increased the market, extending the gains inspired by the NVIDIA Co. (NASDAQ: NVDA) AI-powered blow... Read the Full Story |
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Consumer Staples | |
The downtrend in Hormel Foods Co. (NYSE: HRL) is over. The stock has bottomed after a year of moving lower under the pressure of margin contraction and analysts' revisions. Hormel stock reached the bottom earlier this year, confirmed now that second-quarter results are in. The takeaway from the re... Read the Full Story |
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Financial Services | |
Analysts at Citigroup Inc. (NYSE: C) have upgraded CBRE Group Inc. (NYSE: CBRE) stock, raising their targets from $80 per share to $90.
These renewed targets come amid the company's recent 11-cent per-share beat in earnings. As the stock bounces off its lowest book-to-value ratios since the 2008... Read the Full Story |
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Monday's Early Bird Stock Of The Day Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also offers air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluids; electrical wires and fuses; electronics; floor mats, seat covers, and interior accessories; hand and specialty tools; lighting products; performance parts; sealants, adhesives, and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oils; oil filters, part cleaners and treatments; and transmission fluids for engine maintenance. Further, it offers battery and wiper installation; engine light scanning and checking; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. Additionally, the company sells its products through its website. It serves professional installers and do-it-yourself customers. The company operates stores under the Advance Auto Parts and Carquest names, as well as branches under the Worldpac name. The company has stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and independently owned Carquest branded stores in Mexico and various Caribbean Islands. Advance Auto Parts, Inc. was founded in 1929 and is based in Raleigh, North Carolina. | | View Today's Stock Pick |
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