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: SAGA Metals nears a key milestone in critical minerals race (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 | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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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 | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown 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 | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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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 GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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