Good MorningEquity markets surged to another new high on Thursday. The move was led by tech, with members of the Magnificent Seven up at least 1.5% across the board. NVIDIA, the AI market leader, advanced by 4% in a near-vertical move that could continue higher in the next few weeks. However, the risk for the market grows daily with each new high. The market is crowding into a few trades that continue to win and set the market up for a substantial correction.
If the non-farm payroll report doesn't send the market seeking safer levels, next week's economic data might. The February reading of CPI is due Tuesday and is expected to be another hot one. The pace of inflation may not have slowed at all in February, a situation that will reinforce the idea that the FOMC won't cut interest rates before summer. As it is, the market clings to the hope the committee will relent and let off on the economic pressure as soon as May. With only two more reads of inflation between then and now, it will take quite a drop in inflation for the Fed to act. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Discretionary | |
Improving analysts’ sentiment is one surefire method to get a stock price moving, and Lululemon Athletica (NASDAQ: LULU), Target (NYSE: TGT), and Uber Technologies (NYSE: UBER) have that. These stocks are not only featured on Marketbeat’s list of Most Upgraded Stocks, but recent activi... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of the world's great gold districts in Nevada, anchored by Fourmile, Goldrush, and Cortez Hills, a region that could hold as much as 60 million ounces of gold.
Bordering Fourmile and less than a mile from Goldrush sits a little-known explorer now moving from historical data toward active exploration, setting targets and preparing for a maiden drilling program.
With gold trading near record highs, this could be a pivotal stage for an overlooked name in the district. | | See why this overlooked gold explorer could be entering its most important stage |
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Markets | |
No matter your industry, you've probably heard about ChatGPT. ChatGPT, an abbreviation for Chat Generative Pre-Trained Transformer, is making headlines everywhere and shaking up how we live and work.
In many ways, the artificial intelligence-powered chatbot platform developed by OpenAI, using na... Read the Full Story |
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Consumer Staples | |
Vital Farms (NASDAQ: VITL) has been disrupting the consumer staples sector by bringing ethically sourced foods to your table since 2007. The company’s mission has captured the attention of investors interested in Vital Farm’s sustainability efforts and its ethically conscious business ... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Communication Services | |
Artificial intelligence (AI) has undoubtedly changed many aspects of our lives, from how we work, meet people, discover information and even choose our careers.
The rate of change in society spurred by the developments in AI will almost certainly accelerate as it becomes more accessible to compan... Read the Full Story |
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Consumer Discretionary | |
China boasts the world's largest population and ranks as the second-largest economy based on its Gross Domestic Product (GDP). This country is home to numerous innovative and influential corporations, sparking interest in how to engage in the Chinese stock market.
However, navigating the Chines... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Technology | |
Trading earnings report reactions are one of the riskiest trading strategies. However, when asymmetrical risk and reward apply favorably, then the upside gains and downside risk are defined and capped. The upside reward is evident if the stock forms a price gap that continues to rise. However, the... Read the Full Story |
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Consumer Staples | |
Membership clubs have been leading the retail sector in growth, but there is a shadow over the market now. The segment is losing momentum, and sales are expected to slow again in 2024, setting their markets up to correct, given weaker-than-expected results. However, a pullback in the price action ... Read the Full Story |
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Consumer Discretionary | |
Results from the retail sector are a mixed bag, revealing shifting consumer habits that will impact results for the remainder of the year. Stocks like Ross Stores (NASDAQ: ROST) and Nordstrom (NYSE: JWN) are trending strongly because of it, but not in the same direction. The takeaway from the Q4 r... Read the Full Story |
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Consumer Staples | |
Campbell Soup Company (NYSE: CPB) fell from grace last year as tough comps to the prior year, and retreating sentiment led the market to lower price points. However, the bottom is in for this stock, and higher prices are coming. The Q2 results were not robust but were enough to catalyze the market... Read the Full Story |
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Technology | |
As Nvidia Corp. (NASDAQ: NVDA) continues to lead the S&P 500 higher, even as other big techs such as Microsoft Corp. (NASDAQ: MSFT) and Apple Inc. (NASDAQ: AAPL) pull back sharply, some investors are wondering whether Nvidia stock may be overvalued.
While Nvidia is the most prominent stock in... Read the Full Story |
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Friday's Early Bird Stock Of The Day Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. It is also involved in the operation of the Formula 1 Paddock Club hospitality program; and provision of freight, logistical, and travel related services for the teams and other third parties, as well as the F2 and F3 race series. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation. | | View Today's Stock Pick |
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