Good MorningEquity markets retreated on Thursday after mixed news from the labor market. The ADP report was the news of the day, and it came in much hotter than expected. The data suggests resiliency within the labor market that will underpin wage inflation and inflation this year. Contrary to the ADP, the JOLTs data contracted more than expected, suggesting tightening conditions within the labor market. The takeaway for investors is that the FOMC should be expected to continue hiking rates as indicated, but the end of the cycle is getting closer. The question that remains is how hard the landing will be. Will the US tip into recession in 2023?
Today's action will be driven by the Non-Farm Payrolls report. If it comes in as hot as the ADP or even close, the S&P 500 will likely continue its decline. If so, the line to watch is at 4,300. The summer rally may continue if the market can sustain that level of support. If not, the next major stock market correction may have just begun. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Finance | |
If you haven’t exactly been monitoring the performance of office-building investments, that’s understandable. With offices sitting empty as employees prefer to work from home, the biggest real estate investment trusts, Alexandria Real Estate Equities (NYSE: ARE), Boston Properties (NYS... Read the Full Story |
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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 |
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Energy | |
Shares of the lithium-ion manufacturer, Enovix (NASDAQ: ENVX), have added to its impressive run, with stock up 40% in the last month. Just under a month ago, when I first covered Enovix, shares were up 13.5% YTD. Fast forward three weeks, and the stock is now up close to 55% YTD. So what's caused ... Read the Full Story |
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Auto/Tires/Trucks | |
Shares of Mullen Automotive are up more than 150% in under 24 hours on a series of news that amounts to 1 thing: Mullen Automotive’s ability to continue as a going concern appears to be without question. The caveat is that short sellers remain committed to their side of the trade and are sel... Read the Full Story |
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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 |
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Auto/Tires/Trucks | |
Mark Zuckerberg has started a battle on more than one front. He has chosen not only the company that has most effectively dominated short-form written content but also an adversary known to be a massive risk taker now and again. Eccentric Tesla (NASDAQ: TSLA) CEO Elon Musk bought Twitter a few mon... Read the Full Story |
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Markets | |
Constructing a long-term investment portfolio can be a lot like building a house.
First, you pour in the foundation. These are the tried and true pillars that have been around for decades — and ideally, are highly liquid. For investors that prefer exchange traded funds (ETFs), this may incl... Read the Full Story |
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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. |
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Medical | |
Inspire Medical Systems (NYSE: INSP) is up nearly 15% since breaking out of cup-with-handle base on May 3. The base’s buy point was above $277.18, which you can see on the Inspire Medical Systems chart.
The stock’s base, which corrected 21% between its high and low points, roughly co... Read the Full Story |
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Retail/Wholesale | |
The world of investing is focusing all of its focus - and resources - on the sphere of U.S. and European equities, with good reason, as volatility is the 'fish of the day' in these markets. However, significant trends are developing on the other side of the spectrum; China's economy has struggled ... Read the Full Story |
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Consumer Discretionary | |
The furniture industry has struggled, but indications from Bassett Furniture (NASDAQ: BSET) echo news from other furniture manufacturers and have the shares rocketing higher. The takeaway is that normalization within the industry is at hand, and most manufacturers will “normalize” at a... Read the Full Story |
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Business Services | |
Laser systems maker Coherent Co. (NASDAQ: COHR) changed its name from II-VI, confusing investors even trying to pronounce the name. The company is undergoing a multi-year restructuring plan to simplify its business model, just like it simplified its name. Coherent’s primary business is the p... Read the Full Story |
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Basic Materials | |
Development-stage integrated lithium company Piedmont Lithium Inc. (NYSE: PLL) stock has been trading in an ever tighter trading range. Lithium is crucial for operating electric vehicles (EVs) as they are the key material necessary to make rechargeable batteries. Piedmont has gained a large follow... Read the Full Story |
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Friday's Early Bird Stock Of The Day MediaAlpha, Inc., through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California. | | View Today's Stock Pick |
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