Good MorningEquity markets did an abrupt about-face on Tuesday, shedding more than 1.25% at the session's low. The move was driven by news of weak iPhone sales in China, which caused Apple shares to fall 3%. The S&P 500 may recover from the move soon, but Apple may not. The market is heading lower due to the compounded effect of multiple bad news events that could shave several handles off of the P/E ratio.
The S&P 500 is due for a correction and may use this opportunity as an excuse to do it. The market is well above critical support at the prior all-time high and could retreat as deep as that before finding solid support. However, the market remains above the 30-day EMA, which may provide solid support and keep the rally intact. The biggest risk this week is the labor data, which is not due until Friday. Featured: 100% overnight gains? (Ad) 
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Consumer Discretionary | |
Chinese new energy vehicle (NEV) maker Li Auto Inc. (NASDAQ: LI) started the electric vehicle (EV) race with competitors Nio Inc. (NYSE: NIO) and Xpeng Inc. (NYSE: XPEV) on relatively even footing in the Auto/Tires/Trucks sector in 2020. As EV speculation hit the stock market, Xpeng and Li Auto re... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Healthcare | |
Beam Therapeutics Inc. (NASDAQ: BEAM) is a biotech company that specializes in developing precision gene therapies for hereditary diseases. The medical sector company is a pioneer in a proprietary gene-editing technique called base editing. Unlike CRISPR/Cas-9, popularized by CRISPR Therapeutics A... Read the Full Story |
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Healthcare | |
The Ozempic craze continues to make headlines in the medical sector, and GLP-1 drug stocks continue to surge higher. Shares of Ozempic and Wegovy makers Novo Nordisk A/S (NYSE: NVO) are already up 20% year-to-date (YTD). Mounjaro and Zepbound maker Eli Lilly & Co. (NYSE: LLY) shares are up 34%... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Markets | |
New trends are developing in the United States stock market, which will soon attract professional investors – and traders – into consumer discretionary stocks. These stocks are characterized by their high exposure to the underlying business and economic cycle. For specific reasons that... Read the Full Story |
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Industrials | |
Roughly a month ago, the market witnessed a news headline that would have halted trading for the day in Boeing (NYSE: BA). During a flight serviced by Alaska Air Group (NYSE: ALK), a door popped off in the middle of the air in one of Boeing’s 737 MAX 9 aircraft. Following the incident, Boein... Read the Full Story |
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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 |
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Consumer Discretionary | |
Restaurant stocks have defied expectations of inflation-induced decline and are among the market's top performers.
Mediterranean restaurant chain Cava Group Inc. (NYSE: CAVA) is one of the industry's standouts, returning 60.96% in the past three months. The Cava chart shows the stock is actionabl... Read the Full Story |
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Technology | |
Gitlab’s (NASDAQ: GTLB) Q4 results and guidance failed to satisfy the market expectations, sending the stock down 20%. The takeaway is that an AI-fueled bubble burst for this market, but the story is not over. As tepid as the guidance may be, the comps to consensus are overshadowed by sustai... Read the Full Story |
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Finance | |
Lemonade (NYSE: LMND) turned up on Marketbeat’s radar before the Q4 release, popping up for unusual call volume activity, highlighting its tradability if not a good trade. Investors hoping to cash in on a ramp in share prices were disappointed by the guidance, which soured the market and sha... Read the Full Story |
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Healthcare | |
UnitedHealth Group Inc. (NYSE: UNH) has given up almost all of its 12-month gains in the last week after two unrelated incidents have rocked the company. At the close of trading on March 1, 2024, UNH stock had lost more than $25 billion in market value.
The health insurance provider continues t... Read the Full Story |
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Technology | |
If you missed out on the 244% gain in Nvidia Corporation (NASDAQ: NVDA) in the past 12 months, you have impressive company. Cathie Wood, head of Ark Investment Management, sold NVDA stock in 2023 and never looked back.
Critics of Wood, of which there are many, will see this as more ammunition f... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services. The Energy segment refines and markets transportation fuels in the form of gasoline and diesel fuels, as well as renewable diesel; and manufactures nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. The Automotive segment sells automotive parts and materials, and retailed merchandise; offers automotive repair and maintenance services; and leases real estate properties. The Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used to prepare and package processed meat products. The Real Estate segment is involved in the leasing of land, retail, office, and industrial properties; the development and sale of single-family homes; and the operation of country clubs. The Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. The Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida. | | View Today's Stock Pick |
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