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: 5 dividend stocks worth owning in any market condition (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 | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Manufacturing | |
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 | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Technology | |
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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Retail/Wholesale | |
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 | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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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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Retail/Wholesale | |
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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Retail/Wholesale | |
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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