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: Sell these "safe" blue chips immediately (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 | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Markets | |
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 | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | |
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 | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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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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Real Estate | |
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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Consumer Discretionary | |
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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