Good MorningEquity markets fell on Wednesday after a hotter-than-expected CPI report affirmed the growing fear there would be no interest rate cuts this summer. The CPI accelerated at the headline level and was flat at the core, hotter than forecast on all counts, indicating the Fed's work is far from over. Because the labor market data remains resilient and economic conditions healthy, the FOMC will unlikely cut rates until inflation is tamed, which could be a long way off. The cost of gasoline was a leading cause of inflation, and gasoline, along with diesel and other fuels, has a compounding influence on prices throughout the economic system.
The S&P 500 fell more than 1.3% at the session's low to set a two-week low. This is the longest and deepest pullback in the S&P 500 index, and the decline may not be over. Because the inflation outlook is heating up and the outlook for rate cuts is cooling down, the forecast for S&P 500 earnings growth in the second half is garbage. In this scenario, a reduction in the consensus forecast could undercut market action and lead the S&P 500 to a significant sell-off. Featured: Boring, cheap, and paying 6% (Ad) 
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Consumer Discretionary | | The U.S. housing market is just getting over the hump of a recent scare. According to data from the Intercontinental Exchange Inc., most homeowners currently hold mortgages at rates of around 3.2%, and only a few are willing to let go of this generational low financing rate.
On the buyer side, few ... 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 | | As far as first quarters go, Q1 has got to be one of the greatest ever for Micron Technology, Inc. (NASDAQ: MU). The semiconductor stock had already logged a solid 2023, gaining close to 70%, but from the middle of February through the middle of last week, it went on to gain just as much again.
Fo... Read the Full Story |
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Consumer Staples | |
WD-40 Company (NASDAQ: WDFC) is a multi-faceted investment thesis centered on growth and operational quality. The company has worked hard to invigorate growth and improve margins and made another significant step forward in Q2. Not only did the company improve operational quality compared to last ... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Real Estate | |
Stocks never really stay put. Every once in a small timeframe cycle, they tend to jump and have little ‘hiccups’. These hiccups are characterized by spikes in the volatility index (the VIX), which may bring ample opportunity for traders to make a relatively quick buck but is also the s... Read the Full Story |
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Industrials | |
Despite persistently high demand, rapidly improving internal economics and record profits, Delta Air Lines (NYSE: DAL) stock has struggled to gain traction. The company’s efforts are reducing debt and lowering the leverage ratio, and has it on track to regain investment-quality debt ratings.... Read the Full Story |
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Consumer Discretionary | | Fashion apparel brand Guess? Inc. (NYSE: GES) stock recently surged on its fourth-quarter fiscal 2024 results. The consumer discretionary sector company saw its shares spike 20% on strong results accompanied by a $200 million stock buyback authorization and a special dividend of $2.25 per share. Gue... Read the Full Story |
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Consumer Discretionary | |
PVH Corp (NYSE: PVH) is a global apparel company best known for its Calvin Klein and Tommy Hilfiger brand clothing, apparel and accessories. The consumer discretionary sector company is segmented into 6 departments, including Tommy Hilfiger and Calvin Klein North America and International division... Read the Full Story |
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Consumer Staples | | The avian flu (H5n1) is making headlines again as it spreads through livestock, including cattle and hens -- and even humans are catching the disease. The nation's egg supply is facing tighter supplies as a result of the depopulation (termination) of egg-laying hens that were caught in the outbreak.... Read the Full Story |
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Technology | | In recent years, the U.S. stock market has given significant attention to technology stocks, particularly to companies leading the artificial intelligence revolution like NVIDIA. After making new all-time highs, NVIDIA is now the "consensus" investment today, which leaves investors looking for the n... Read the Full Story |
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Healthcare | |
Tilray Brands Inc. (NASDAQ: TLRY) is a leading player in the global cannabis industry. The company's earnings report was recently released for the fiscal third quarter of 2024. The report was mixed, with revenue posting substantial growth but falling short of Tilray's analyst expectations and a na... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral artery disease (PAD) primarily in the United States and Germany. The company develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of PAD procedures. Its lumivascular products comprise Lightbox imaging consoles; the Ocelot and Tigereye family of devices, which are designed to allow physicians to penetrate a total blockage in an artery; and Pantheris, an image-guided atherectomy device that allows physicians to precisely remove arterial plaque in PAD patients. The company is also developing IMAGE-BTK for the treatment of PAD lesions below-the-knee. It markets and sells its products to interventional cardiologists, vascular surgeons, and interventional radiologists. The company was incorporated in 2007 and is based in Redwood City, California. | | View Today's Stock Pick |
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