Good MorningEquity markets hovered near record highs for the third day on Wednesday as traders waited on the most critical data reading this quarter, the PCE Price Index. The PCE is the FOMC's favored tool to gauge consumer-level inflation and is expected to be hot. Analysts forecast a sequential increase at the headline and core levels, keeping the YOY comps well above the Fed's target range. At these levels, the Fed will unlikely cut rates before June and may wait until after the summer.
In this scenario, the S&P 500 is unlikely to experience the robust earnings growth acceleration forecasted for this year, a potential catalyst for a massive sell-off. The S&P 500 has advanced solidly this year without a significant round of profit-taking, and the charts are oversold. However, the risks for traders go both ways. The data may be hot, but still not hot enough to spook investors. The S&P 500 is working hard on improving margins, controlling costs, and building leverage. The Fed may not cut rates as soon as expected but will cut rates when it sees the proper time. The takeaway is that the economy is still growing, the market is rallying, and the Fed Put is in place. Featured: The case for trading fewer setups, not more (Ad) 
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Markets | |
While our readers will be well used to hearing how the hottest tech stocks are back trading at all-time highs, there are few stocks from the more traditional industries doing the same thing. Take retail, for example; Ralph Lauren Co. (NYSE: RL) is having a great run but has yet to top 2013’s... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Finance | |
Despite some ethical concerns, U.S. Senate and House of Representatives members frequently buy and sell stocks of publicly traded companies, often with fantastic returns.
Elected officials' trading habits are also public data in their mandatory financial disclosures, so MarketBeat's congressiona... Read the Full Story |
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Technology | |
If you are bullish on any optionable stock in any stock sector, you can play any number of options trades. The easiest directional strategy is to buy a call option. However, you will fight time whenever you own a long call option since the Theta (time decay) works against you. Even if the underlyi... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Retail/Wholesale | |
Cars.com Inc. (NYSE: CARS) and Carvana Co. (NYSE: CVNA) are two different ways to play the retail automotive market. Both companies are attempting to modernize and digitize the car buying experience. However, the two automotive stocks are behaving very differently.
Despite showing year-over-yea... Read the Full Story |
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Consumer Staples | |
Freshpet (NASDAQ: FRPT) is a well-known refrigerated pet food products company. Freshpet’s earnings for Q4 2023 and FY 2023 have caught market attention, sending the stock up over 15% . This surge can be attributed to a combination of factors, including the company's strong financial perform... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Finance | |
The recent insider selling activity at JPMorgan Chase & Co. (NYSE: JPM), a leading banking and financial institution, has drawn notable attention, with CEO Jamie Dimon making his first-ever stock sale since assuming leadership 18 years ago.
Dimon sold approximately $150 million worth of share... Read the Full Story |
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Technology | |
Workday, Inc. (NASDAQ: WDAY) issued a lackluster FQ2 report that left the market wishing for more. However, as tepid as the results are, underperformance is relative to analysts' consensus estimates. The results are strong for the business and shareholders, providing ample cash flow for capital re... Read the Full Story |
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Technology | |
Palantir Technologies (NYSE: PLTR) stock is gaining traction and may advance another 50% or more in the next few months. The company has a solid product, growing demand, deepening penetration and widening margins that can all be blamed on its utility. The company is the leading provider of data ga... Read the Full Story |
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Finance | |
Because the Federal Reserve (the Fed) has announced potential interest rate cuts for this year, an expectation priced in for March is now being pushed as far back as May or June, according to the FedWatch tool at the CME Group Inc. (NASDAQ: CME). A rising level of uncertainty may push the fundamen... Read the Full Story |
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Technology | |
Global positioning satellite-based (GPS) navigation was once only available through stand-alone GPS devices. Many analysts believed the widespread penetration of smartphone-based GPS navigational apps in the computer and technology sector, like Alphabet Inc. (NASDAQ: GOOGL) owned Google Maps and W... Read the Full Story |
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Thursday's Early Bird Stock Of The Day TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona. | | View Today's Stock Pick |
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