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: Today's Stock of the Day (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 | | Italy in the 90s. Argentina in 2001. Greece in 2009. America was always safe… But now the IMF is projecting that by 2031, US debt will climb to 140% of GDP. That's higher than Greece's debt was when their entire economy collapsed.
When Greece broke, the EU swooped in with $300 billion in emergency bailouts. Greece was fine. But when America crosses that line? There's no one bigger to save us. We ARE the emergency bailout for the rest of the world.
You can't fix $38 trillion in debt. You can't stop Congress from spending. But you CAN control how much of your wealth stays exposed to the fallout. | | Click here to learn how to build your financial firewall. |
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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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Transportation | |
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 | | Zero-days-to-expiration trades happen every single day - and most traders either ignore them or use them wrong.
Dave Aquino's 0DTE Playbook breaks down a step-by-step strategy designed for shorter risk exposure, clear entry and exit windows, and faster feedback - no chart-watching required. | | Click here to see how the 0DTE Playbook works |
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Retail/Wholesale | |
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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Retail/Wholesale | |
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 | | The SpaceX IPO could be the biggest in history at $1.75 trillion - but the real story isn't the IPO itself.
Elon believes what Michael Robinson calls 'Project Unlimited' could unlock $100 trillion in potential growth. One little-known company sits at the center of it all, and most investors have no idea it exists.
Position yourself before this company potentially hits the front page. | | Click here to see the details before the crowd catches on |
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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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Business Services | |
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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Consumer Discretionary | |
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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Retail/Wholesale | |
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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Construction | |
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 Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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