Good MorningEquity markets rebounded on Thursday and reclaimed the week's opening levels. The move on Thursday was driven by a round of mixed economic data that keeps the economy on track for a soft, if bumpy, landing. Positive data included steady jobless claims, better-than-expected manufacturing numbers, and improving Home Builder Confidence. The bad news included hotter-than-expected import price gains and weaker-than-expected retail sales figures, suggesting a pullback in spending. The takeaway is that inflationary pressures remain within the economy, although they are spottier than ever.
Next week ushers in the final phase of the Q4 earnings cycle: reports from the retail sector. Names on the list include Walmart and Home Depot, which are expected to report midweek. Their results will foreshadow a much busier week of retail earnings next week and may lead the market. The takeaways will be how much consumers spend and what they spend money on. Trends in Q3 had consumer dollars shifting away from discretionary and toward household and food as the pinch of inflation bit into spending dollars. Featured: Seven gold miners. One pattern. [look what happened to each] (Ad) 
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Technology | |
Cisco Systems (NASDAQ: CSCO) issued a decent FQ2 report but guided lower for Q3, leaving the market less than inspired. However cold the guide, someone is stepping into the buy the dip, and it looks like long-term oriented value-minded income investors are the culprit. Weak results or not, the com... Read the Full Story |
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From Our Partners | | Elon Musk is backing a new AI startup that's quietly growing faster than Tesla, SpaceX, and reportedly 23 times faster than Nvidia, according to Jeff Brown of Brownstone Research.
The company recently filed paperwork for what could become the next major IPO on Wall Street. Investors can explore how to claim a pre-IPO stake for as little as $50 before shares go public. | | See the startup's name and pre-IPO details now |
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Technology | |
Arista Networks Inc. (NYSE: ANET) may not be as well known among tech investors as Cisco (NASDAQ: CSCO), but it's outperformed its larger rival by a wide margin in the past year.
Arista posted fourth-quarter results that topped analysts' views after the closing bell on February 12. Guidance was h... Read the Full Story |
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Finance | |
After the launch of close to a dozen Bitcoin spot ETFs proved to be a sell-the-news event for the popular cryptocurrency, the price of Bitcoin has recovered and surged to a two-year high.
Bitcoin surged to over $52,000 on Wednesday, marking its highest level since December 2021 and pushing its ma... Read the Full Story |
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From Our Partners | | Gold has spiked above $4,400 an ounce as central bankers stockpile at one of the fastest paces in decades, according to a new report from Dr. David Eifrig, a 40-year financial veteran who worked the trading desk during Black Monday in 1987.
Bank of England staff are reportedly working overnight to dig out gold bars for delivery, while nations repatriate hundreds of tons back within their borders.
Eifrig says this goes beyond a typical gold rally and outlines three steps to prepare in a free broadcast. | | Watch the free broadcast now to get the full story |
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Energy | |
The Occidental Petroleum (NYSE: OXY) investment thesis has been getting more bullish over the last two years, setting the stock up for a substantial rally. Q4 results aside, the market appears ready to rally now and may move higher soon. The technical setup is solid, with the price action at rock ... Read the Full Story |
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Communication Services | |
The SPDR S&P 500 ETF Trust (NYSEARCA: SPY) is trading at new highs, but as the sharp pullback on February 13 showed, the rally may be showing signs of cracking.
The market went back into rally mode on Valentine’s Day, as investors decided to give stocks some love. But the previous sessi... Read the Full Story |
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From Our Partners | | In 2014, Marc Chaikin pointed readers toward Nvidia. Now the 60-year Wall Street veteran and creator of the Chaikin Money Flow indicator has a new top retirement pick.
The company holds three fast-growing businesses -- including an autonomous vehicle unit and a streaming service with 10x Netflix's reach -- any of which could be spun off in the next 12 to 24 months. It also pays a dividend, a rarity among high-growth AI names.
Chaikin lays out the full case in a new free presentation, no email or credit card required. | | Get Marc Chaikin's free presentation on this overlooked AI stock now |
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Technology | |
If you check a bag while flying on Delta Air Lines Inc. (NYSE: DAL), it may be tracked using technology from Impinj Inc. (NASDAQ: PI).
Impinj stock traded lower on February 12, getting support above its 10-day moving average after trading higher in the previous session.
The stock began rallying ... Read the Full Story |
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Healthcare | |
For shareholders of the multinational biotech giant Pfizer Inc. (NYSE: PFE), it might feel like the stock's all-time highs set during the pandemic were centuries ago. After making its COVID-19-related all-time high in late 2021, the stock turned lower and has since been in a steep downtrend, decli... Read the Full Story |
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Consumer Discretionary | |
Quick-service restaurant company Restaurant Brands Inc. (NYSE: QSR) owns four well-known fast food brands, including Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs.
The asset-light consumer discretionary sector company operates under a franchise model, generating over $40... Read the Full Story |
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Healthcare | |
Gene therapy treatments have been making major headlines as advances in gene editing have gone mainstream thanks to the advent of CRISPR/Cas-9 technology. The shot heard around the world in the medical sector occurred on December 8, 2023, when the U.S. FDA approved Casgevy, the first FDA-approved ... Read the Full Story |
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Technology | |
There are many ways to collect income from the stocks. Dividends first come to mind as they pay out a small percentage of the stock price and the number of shares you own in cash, usually on a quarterly basis. However, it takes capital to buy and hold the underlying shares. If you already own stoc... Read the Full Story |
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Friday's Early Bird Stock Of The Day The Children's Place, Inc. engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S. and The Children’s Place International segments. The Children’s Place U.S. segment refers to the company’s U.S. and Puerto Rico-based stores and revenue from its U.S. based wholesale business. The Children’s Place International segment is involved in the Canadian-based stores, revenue from the company’s Canadian-based wholesale business, as well as revenue from international franchisees. The company was founded by David Pulver and Clinton A. Clark in 1969 and is headquartered in Secaucus, NJ. | | View Today's Stock Pick |
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