Good MorningThe advancing S&P 500 peaked last week and may enter a consolidation or pull back to firmer support. The move is due to a correction in NVIDIA's stock price that shaved 5% off its stock price. NVIDIA is among the most crowded trades on Wall Street, so it may take a few weeks or longer for this movement to run its course.
This week's market risks include the CPI report and retail sales. The CPI report is expected to be hot and keep the FOMC from cutting rates quickly, while the retail sales are expected to fall and may be weaker than expected, setting the FOMC to cut rates sooner. The takeaway is the equity markets are caught in a tug-of-war in sentiment that is leading it higher. Because the economy is still resilient and the FOMC is on track to cut rates this year, a pullback in the action is a likely entry for new money.
Featured: Why you should head in to the market at 9:35AM (Ad) 
|
Technology | |
Data backup and recovery specialist Commvault Systems Inc. (NASDAQ: CVLT) is soaring after the company topped earnings and sales views in its most recent quarter.
The post-earnings momentum has been kept alive since January 30, with Commvault stock advancing 22.49%, while the SPDR S&P MidCap ... Read the Full Story |
|
|
Consumer Staples | |
As popular as pets are, pet stocks have been in the toilet and can't seem to get out. The landscape is littered (no pun intended) with broken stocks like online e-commerce retailer Chewy Inc. (NYSE: CHWY) shares down 56%, PetMed Express Inc. (NASDAQ: PETS) is down 71.7%, and Petco Health and Welln... Read the Full Story |
|
Healthcare | |
Medical device maker Medtronic PLC (NYSE: MDT) is a Dividend Aristocrat in the medical and healthcare sectors. The medical device maker has raised its dividend payout for 46 consecutive years through bull and bear markets. Medtronic's products cover many treatments and specialties, including diabe... Read the Full Story |
|
From Our Partners | | Porter Stansberry says President Trump has signed an executive order initiating what he calls a full U.S. dollar reset - and most Americans don't know it's happening.
The last time America underwent a monetary shift like this, under Nixon in the 1970s, it minted an average of 1,300 new millionaires a day for over half a century. Stansberry has released a new documentary naming the assets he believes are positioned to surge as a result. | | Watch the free briefing and see the three steps to prepare today |
|
Consumer Staples | |
It isn't often that you can find the type of stocks that would get Warren Buffett interested. But pushed by several tailwinds, Ulta Beauty (NASDAQ: ULTA) is at the beginning of a multi-year ride that is slowly making the stock a more accepted deep-value play in the investment community.
As part o... Read the Full Story |
|
Technology | |
When the market gives you favorable price action, you should take care to figure out why certain stocks – or sectors – behave the way they do. In today's economic environment, you will find plenty of reasons why the SPDR S&P Metals & Mining ETF (NYSEARCA: XME) has sent mining a... Read the Full Story |
|
From Our Partners | | A small-cap gold and silver royalty company is generating record revenue from producing mines, yet shares still trade under 1 dollar.
It just signed the largest transaction in its history, a new gold streaming deal backed by a strategic relationship with a major mining investment firm.
A well-known sector financier has invested his own money and joins the CEO in an exclusive interview breaking down the full story. | | Click here for instant access to the free report now |
|
Industrials | |
Rideshare operator Lyft Inc. (NASDAQ: LYFT) stock has been given a second life thanks to its Q4 2023 earnings performance. The computer and technology sector company has been written off as a distant second in the rideshare industry dominated by Uber Technologies Inc. (NYSE: UBER). Under the helm ... Read the Full Story |
|
Consumer Discretionary | |
Looking to score big with casino stocks? The house may have the edge when you sit at the table, but investors and casino operators have aligned interests in their stocks. Gambling is big business, and many of the world's largest companies are publicly traded, allowing investors to earn profits fro... Read the Full Story |
|
Consumer Discretionary | |
Learning how to invest in cannabis is not for risk-averse investors. If you were investing in cannabis in 2017 and 2018, you know how far and how fast these stocks can rise and fall.
Still, the potential for this industry remains tantalizing.
Before you invest your hard-earned capital in this ... Read the Full Story |
|
Consumer Discretionary | |
Bloomin’ Brands Inc. (NASDAQ: BLMN) is among the latest in a series of companies to be getting attention from activist investors who want to see change that would make their shares grow in value.
The stock is currently out of buy range, following a strong rally, but a moving-average pullba... Read the Full Story |
|
Technology | |
Results from MongoDB Inc. (NASDAQ: MDB) and GitLab Inc. (NASDAQ: GTLB) suggest a bubble is bursting in the AI market that could impact names like Oracle Corp. (NYSE: ORCL), Adobe Inc. (NASDAQ: ADBE) and Microsoft Inc. (NASDAQ: MSFT).
However, a bubble bursting does not mean the end of AI; it is ... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee. | | View Today's Stock Pick |
|
