Good MorningEquity markets continue to consolidate within a tight range while market participants wait on the next FOMC decision. The S&P 500 gained more than half a percent on Thursday but traded within the same range it's been in all week. Given the outlook for interest rates, the market remains below the critical 4,300 level and may not rise above it. The FOMC is unlikely to indicate a reduction in interest rates is coming soon and may give reason to believe another interest rate increase is the more likely scenario.
Next week will be a turning point for the market. Along with the FOMC meeting is another look at the CPI index, retail sales data, and a host of reports on manufacturing conditions across the US. Even if it means higher rates for longer, good data could lift the market and take it above 4,300. In that scenario, the S&P 500 could drift up to retest the all-time high by mid-summer. Featured: The Calm Before the Rotation — What’s Quietly Building Now (Stock Wire News) (Ad) 
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Technology | |
There have been plenty of headlines in recent weeks regarding the influence a few tech titans are having on the broader market rally that's underway, with some voices suggesting the S&P 500 would actually be down for the year if it were not for their outperformance.
But that's not to say tha... 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 | |
As the second quarter 2023 earnings season comes to a close, many analysts and investors are on a tight lookout for new developments and improvements within various sectors. With the real estate market slowing down amid the United State's FED interest rate hike paths as an attempt to combat rampan... Read the Full Story |
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Industrials | |
May 18th is important for REV Group (NYSE: REVG) shareholders. That is the day interim CEO and CFO Mark Skonieczny became the official CEO and president. It is also the day the rebound began, the day the market confirmed a bottom that was first reached in 2022. Mr. Skonieczny has been with the com... 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.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Consumer Discretionary | |
As one of the backbones of the American economy as consumers know it today, the real estate market is the center-hub point for a variety of other industries that depend on the underlying activity and volumes of the main. As inflation rates in the United States ran their path to multi-year highs, t... Read the Full Story |
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Consumer Discretionary | |
Stitch Fix (NASDAQ: SFIX) popped following its Q3 results, but the rally may already be over. The news wasn’t great; better than expected is the best that can be said, and the core driver of the surge, short interest, isn’t going away. Near-term headwinds persist, and the path to profi... 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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Energy | |
The price-to-earnings ratio, or P/E ratio, is one of the most commonly used metrics in fundamental stock analysis. The division of share price by earnings per share (typically over the last 12 months or an estimate of the next 12 months), it's a simple tool for understanding how a company is value... Read the Full Story |
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Industrials | |
ABM Industries (NYSE: ABM) is no high-profile stock but is a blue-chip name in business services with diversification and dividend growth. The company provides facility maintenance and other services in 6 segments that span sectors and industries. The diversified nature of the business aids growth... Read the Full Story |
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Communication Services | |
Madison Square Garden Sports (NYSE: MSGS) owns both the New York Knicks and New York Rangers, two crown jewels of their respective leagues. MSG Sports is unique because it's one of two pure plays on major US sports teams, with the only other being the Atlanta Braves (NYSE: BATRA).
The soaring val... Read the Full Story |
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Consumer Discretionary | |
During the stock market craze of 2020-2022 kickstarted by the FED's response to the COVID-19 stock market sell-off and economic slowdown, many companies which were able to sell a corporate strategy and upside potential saw investor funds pile into the door despite what the underlying financials lo... Read the Full Story |
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Consumer Discretionary | |
You might not typically think a rising price stock is undervalued, but that looks to be the case with real-estate-related companies Century Communities Inc. (NYSE: CCS) and MGIC Investment Corp. (NYSE: MTG).
Coincidentally, both those stocks happen to be up 8.12% in the past month, and both have... Read the Full Story |
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Friday'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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