Good MorningEquity markets advanced on Tuesday on optimism that earnings from tech giants like Microsoft, Apple, and Facebook would impress. Expectations have been driving these stocks higher, so it will take solid results to continue the trend. If the news is less than what the market is looking for, it could spark a correction for the S&P 500. The S&P 500 advanced about 0.50% at the session's high and set a new 1-year high.
The FOMC poses another risk for equities this week. The FOMC is expected to hike interest rates another 25 basis points and could issue a hawkish statement as well. The market wants an indication that the rate hike cycle is over and is unlikely to get 1. The odds are high that inflation will remain hot through the summer, leading to another 25 basis point hike in the fall. Regardless, the economy and market must adjust to the "new normal" and conditions are only getting tighter. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Technology | |
At first glance, it’s easy to mistake Toast, Inc. (NASDAQ: TOST) as a delivery application like Door Dash Inc. (NASDAQ: DASH) or an Uber Technologies Inc. (NASDAQ: UBER) Uber Eats service when placing a restaurant online order. However, it’s a complete restaurant ecosystem management p... Read the Full Story |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Energy | |
HighPeak Energy Inc. (NASDAQ: HPK) share prices suffered in the first half of 2023, but the tough times should end soon. The company's stock price was hindered by underperformance and a need to raise capital, including dilution, but there is an upside.
The company restructured its debt and shore... Read the Full Story |
|
Consumer Staples | | In May 2023, Kimberly-Clark Corporation (NYSE: KMB) stock climbed to a 52-week high of $147.87. However, the stock has failed to hold those gains and heading into the company’s earnings report, KMB stock turned negative for the year.
Without any negative news to explain the sell-off, an assu... Read the Full Story |
|
From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
|
Industrials | | It’s no secret that small-cap stocks have been on fire lately. With the iShares Russell 2000 ETF (NYSE: IWM) up close to 10% on the quarter and the overall market trading near 52-week highs, it’s become a risk-on environment, and capital has quickly been flowing into traditionally higher... Read the Full Story |
|
Basic Materials | | Cleveland-Cliffs (NYSE: CLF) shares rose by as much as 4.0% during Monday's trading session, which could have been taken as an optimistic expectation of better things to come. Some improving developments were coming up in the works as the company reported its second quarter 2023 earnings results, re... Read the Full Story |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Utilities | | NextEra Energy Inc. (NYSE: NEE) is 1 of the world’s leading renewable energy producers, and it can electrify an income portfolio. The company has demonstrated an ability to grow its capacity, revenue base, and earnings while supporting healthy dividend growth that it is committed to continue.
... Read the Full Story |
|
Auto/Tires/Trucks | | Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric vehicle (EV) maker headquartered in Gothenburg, Sweden. Shares are finally breaking out of a seven-month-long weekly descending triangle pattern driven by its record quarterly vehicle deliveries recorded for Q2 2023.
In comparison, Po... Read the Full Story |
|
Medical | | Shares of health monitoring technology maker Masimo Corporation (NASDAQ: MASI) dropped 24% to $114.30 last week due to a second-quarter performance warning. They are at their lowest level since January 2019 — but according to Wall Street, could have healthy gains ahead.
The Irvine, Californi... Read the Full Story |
|
Consumer Staples | | In all industries, some companies are a cut above the rest. They are just better managed. Inflation has been on a wild ride hitting a high of 9.1% in June 2022 and falling to 4.8% by June 2023. The acceleration of inflation was a boon for food distributors driving margin expansion. However, the dece... Read the Full Story |
|
Technology | | Logitech’s (NASDAQ: LOGI) Q1 results were better than expected and have the stock in a position to rebound from long-term lows and confirm a reversal in the market. The move is foreshadowed by institutional activity, which has been ramping up in recent quarters. The institutions only own about... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services. In addition, the company offers financing products; consumer finance and digital banking services; electronic check; global custody services; Fima funds; financial and stock market services to individuals, companies, and financial institutions; foreign trade services; and capital market and investment banking products that include debt securities, short-term securities, and financial trusts. Further, it provides robbery, personal accident, life collective, home, life, integral, pet, surety, and technical insurance products. Additionally, the company offers private banking services to high net worth individuals; and operates digital investment platform. Grupo Financiero Galicia S.A. was founded in 1905 and is based in Buenos Aires, Argentina. | | View Today's Stock Pick |
|
