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: Boring, cheap, and paying 6% (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 | | 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 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 | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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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 | | Trump has called an Iran deal close 38 times since the war began, yet the fighting keeps flaring back up.
One day it's a ceasefire, the next it's bombs again. The back and forth may be masking a bigger story most investors are missing.
See the real reason this conflict may never fully end. | | Uncover the real reason Trump may never end this war |
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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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