Good MorningEquity markets held within a tight range on Wednesday while investors waited on the NFP report and tried to handicap the odds of another FOMC interest rate hike. The minutes of the last meeting were released in the early afternoon and suggest the Fed will continue to hike rates but at a slower pace than before. This is consistent with the idea the Fed will hike rates by more than an additional 25 basis points but only 1 25 basis point hike per meeting if that much. What this means for the economy is more pressure and higher costs that should send consumer demand into retreat.
The NFP report is due out on Friday. It is expected to show job growth decelerate from the previous month but hold strong near 250,000. While the headline figure will be important, the revisions are also important to note, as is the wage data. The average hourly wage gains are expected to cool slightly to 4.3% YOY which is still hot and underpinning general inflation. The takeaway is that the Fed's job is not finished, and it still has a fight on its hands. Featured: Bezos… DOOMED (Ad) 
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Consumer Discretionary | |
Rivian Automotive (NASDAQ: RIVN) has been on an impressive run lately. Over the last month, shares of the EV automaker are up 36.40%. Just several days ago, the stock was negative YTD. However, after the recent surge higher, shares are now in the positive, up 6.13% YTD. Up close to 20% over the la... 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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Consumer Staples | |
National Beverage Corp. (NASDAQ: FIZZ) stock has outperformed other beverage companies since the pandemic bottom and even in 2023, but that is about to change. The company offers little reason to buy its stock and every reason to sell, or at least to stay out of the market, which will cap any gain... Read the Full Story |
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Markets | |
The Russell 2000 Index (INDEXRUSSELL: RUT) is a market index made up of 2,000 small-cap companies. The companies in the index make up the bottom two-thirds of company size in the Russell 3000 index. In the first half of 2023, the Russell 2000 is up about 6.4%.
That’s far below the perform... Read the Full Story |
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From Our Partners | | Elon Musk, Peter Thiel, and Sam Altman are backing a new AI use case discovered at MIT that has already identified potential treatments for dangerous diseases.
McKinsey estimates this technology could be 500 times bigger than ChatGPT, while Nature projects it could add $367 trillion to the global economy. | | See which stocks could benefit as Medical AI expands nationwide |
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Finance | |
After the collapse of Silicon Valley Bank (NASDAQ: SIVB) a few months ago, regional and larger banks across the United States saw their stocks decline as a systematic reaction to the news. As is a typical procedure, the larger banks responsible for a more significant share of the American consumer... Read the Full Story |
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Healthcare | |
Insider buying is almost always a good signal that a stock is undervalued, and today’s list includes 3 that also trade for less than $10 per share. The takeaway is that Comtech Telecommunications (NASDAQ: CMTL), ADT (NYSE: ADT), and DiaMedica Therapeutics (NASDAQ: DMAC) offer an opportunity ... Read the Full Story |
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From Our Partners | | A small Colorado company has secured rights to technology that could prevent the U.S. public power grid from collapsing — and billionaire Sam Altman is now an investor.
This under-the-radar firm is drawing serious attention from those watching the energy infrastructure space closely. | | Click here to learn this company's name for free today |
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Consumer Staples | |
The phrase “cash is king” can mean several different things depending on perspective.
To a local restaurant that only accepts cash payments, ‘cash is king.’ To investors in an overheated stock market, a ‘cash is king’ strategy keeps money on the sidelines in a... Read the Full Story |
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Energy | |
Whether or not Valero Energy Corporation (NYSE: VLO) can reach new highs in 2023 is yet to be seen, but the stage is set for this high-yield dividend payer to rebound. Shifts within the sell-side community have the stock trading at a discount to its peers, the energy industry and the broad market ... Read the Full Story |
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Consumer Discretionary | |
With fellow tech heavyweights like Apple Inc (NASDAQ: AAPL), Meta Inc (NASDAQ: META), and Alphabet Inc (NASDAQ: GOOGL) all seeing strong rallies this year, it should be no surprise that Amazon Inc (NASDAQ: AMZN) too has been performing well. Shares of the e-commerce and cloud computing giant are u... Read the Full Story |
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Communication Services | |
Retirement is a significant financial goal that everyone will need to consider at some point. If you're getting close to celebrating a 40th birthday and haven't begun saving for retirement, it's normal to feel overwhelmed and even a bit scared at getting started. Thankfully, saving for retirement ... Read the Full Story |
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Energy | |
The Energy Select Sector SPDR Fund (NYSE: XLE) is setting up on a higher time frame for a potential breakout. YTD, the sector ETF is down almost 7%. However, as the uptrend remains intact and the energy ETF consolidation further contracts, a promising risk: reward setup is beginning to emerge.The ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Stitch Fix, Inc. sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc. in October 2011. Stitch Fix, Inc. was incorporated in 2011 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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