Good MorningEquity markets tried to advance but failed to close at a new high for the 2nd consecutive week. The rally has stalled, and the market may enter consolidation, but there is also the risk of a correction. Last week's CPI, PPI, and Import Price Indexes confirmed that inflation is still hot and accelerating. In this environment, it is unlikely the FOMC will cut rates before summer, and the odds that it will cut in Q3 are diminishing. The risk for markets is the impact on earnings and how the next two-quarters of results play out. The market expects reinvigorated economic activity and accelerating earnings growth in Q3 and Q4.
The FOMC will reveal its next policy move on Wednesday, which will likely be no move. The most important details will be in the statement and commentary, which are hoped to reveal a softening stance among Fed members. In that event, the S&P 500 could rise sharply over the next few weeks. Featured: My top 3 AI picks for the next decade (Ad) 
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Finance | |
Prior to the approval of the spot bitcoin ETFs like iShares Bitcoin Trust (NASDAQ: IBIT), traders would trade the Bitcoin miners and the cryptocurrency exchanges like Coinbase Global Inc. (NASDAQ: COIN) to benefit from the rise in Bitcoin prices. When the price of Bitcoin spiked, so did the stocks... Read the Full Story |
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Finance | |
Investors tend to focus on two significant aspects of their stock holdings, especially when measuring whether they're winning or losing. One is undeniably price appreciation—or the lack of it—and another is whether they are getting paid a relatively steady dividend.
However, there is ... Read the Full Story |
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Retail/Wholesale | |
Department store chain Kohl's Inc. (NYSE: KSS) has swung back into profitability after its multi-year-long normalization period. Shares rocketed higher on the pent-up demand during COVID-19, but rising inflation and weakening consumer discretionary spending caused inventories to swell up. Most ret... Read the Full Story |
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From Our Partners | | If a stock trades at $300, most investors assume they need $300 per share. Sean Allison says that assumption may be costing you opportunities.
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Technology | |
Oil is – and has always been – the primary driver in energy stocks. When prices swing as aggressively as they are about to, investors tend to position themselves with more than clear expectations. However, it doesn't all start and end with oil prices; there are plenty of ways that you ... Read the Full Story |
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Retail/Wholesale | |
This week, Dollar General Inc. (NYSE: DG) and Dollar Tree Inc. (NASDAQ: DLTR) issued earnings reports showing that the lower-income consumers that comprise a significant part of their customer base remain under pressure. Both retail stocks are down after their respective reports.
It didn't help ... Read the Full Story |
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Technology | |
Jabil Inc. (NYSE: JBL) stock price is down 10% in early trading, extending a decline that began before the Q2 release and may fall further. However, the decline is due more to market mechanics than the results or outlook, setting this market up to resume its trend soon. The analysts are bullish an... Read the Full Story |
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Consumer Discretionary | |
Since listing on the New York Stock Exchange at the end of January, shares of Flutter Entertainment plc (NYSE: FLUT) have gone from strength to strength. They've gained more than 40% since January's low and are closing in on the all-time high they'd previously traded in 2021.
Previously listed ... Read the Full Story |
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Financial Services | |
Cybersecurity protects digital systems, networks and sensitive information from unauthorized access, theft and damage. In today's world, where cyber attacks are becoming increasingly common, cyber security has become a critical concern for individuals, businesses and governments.
But investing in... Read the Full Story |
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Technology | |
Watch for robust earnings growth at big techs such as Meta Platforms Inc. (NASDAQ: META), Nvidia Corp. (NASDAQ: NVDA), Microsoft Corp. (NASDAQ: MSFT) and Apple Inc. (NASDAQ: AAPL) to increase the rate of share buybacks this year, says a recent report from Goldman Sachs.
Goldman Sachs is forecast... Read the Full Story |
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Retail/Wholesale | |
As Nvidia Corp. (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) continue to spearhead the upward trajectory of the S&P 500 amidst notable retractions from other major tech players and market leaders, such as Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL), investors might begin raising questions reg... Read the Full Story |
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Monday's Early Bird Stock Of The Day Teladoc Health, Inc. provides virtual healthcare services worldwide. The company operates through Teladoc Health Integrated Care and BetterHelp segments. The Integrated Care segment offers virtual medical services, including general medical, expert medical, specialty medical, chronic condition management, and mental health, as well as enabling technologies and enterprise telehealth solutions for hospitals and health systems. The BetterHelp segment operates a mental health platform that provides online counseling and therapy services through website, mobile applications, phones, and text-based interactions by its licensed clinicians. The company offers its products and services under the Teladoc, Livongo, and BetterHelp brands. It serves employers, health plans, hospitals and health systems, and insurance and financial services companies, as well as individual members. The company was formerly known as Teladoc, Inc. and changed its name to Teladoc Health, Inc. in August 2018. Teladoc Health, Inc. was incorporated in 2002 and is headquartered in Purchase, New York. | | View Today's Stock Pick |
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