Good MorningEquity markets continued to rebound on Tuesday and may continue higher over the next two days. The market was oversold and ready for a relief rally but faces many obstacles. Among them is the first read on Q1 GDP and the March PCE price data, which are not expected to align with the outlook for FOMC interest rate cuts. At best, consumer inflation will be cooler than expected, but the news will be too little and too late to ensure a cut by the next meeting.
The S&P 500 gained more than 1.0% at the session's close. The move has it above support targets at 5,000 but still below critical resistance at the 30-day EMA. Investors should expect volatility, if not downward trending price action until that situation changes. If the PCE data is hotter than expected, it could lead the market into a much deeper correction that retests lows set in 2023. Featured: The case for trading fewer setups, not more (Ad) 
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Industrials | |
Packaging Corporation of America (NYSE: PKG) had a solid quarter but gave tepid guidance, sending the shares down by 4%. The move is ugly at face value, but, as they say, it's in the eye of the beholder. Investors could view the decline as a loss, a time to sell, or a reason to stay out of the mar... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Business Services | |
Duolingo Inc. (NYSE: DUOL) offers a freemium language learning platform that's taken the world by storm. It uses an incredibly simple, animated and gamified interface for kids and adults to engage in a cheerful, entertaining and inviting way to learn new languages. It uses little bite-sized, unint... Read the Full Story |
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Transportation | |
If United Parcel Service (NYSE: UPS) can be used as a leading indicator of the economy and S&P 500 performance, it sends a mixed signal. On the one hand, operational improvements and increased efficiency set UPS up for leverage growth when its business rebounds. On the other, business conditio... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Finance | |
The first quarter of the 2024 earnings season has kicked off. This quarter is typically regarded as giving investors the initial pulse of the economy for the rest of the year. It could also be the time for the manufacturing sector to shine. After reporting its quarterly earnings, shares of Crane (... Read the Full Story |
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Finance | |
Even a year of uncertainty and higher-than-average inflation rates posed no match for the U.S. consumer. Shares of Spotify Technology (NYSE: SPOT) rallied by more than 11% to end Tuesday's trading session on April 23. The bull run came from the company's first quarter 2024 earnings announcement.
... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Finance | |
Retail financial services giant The Charles Schwab Co. (NYSE: SCHW) reported its first-quarter 2024 earnings in the wake of the market sell-off. Despite initially gapping down on the results, shares managed to stage a rally back up towards 52-week highs at $73.88. The financial services sector lea... Read the Full Story |
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Aerospace | |
Lockheed Martin's (NYSE: LMT) stock price has trended higher for years, supported by robust defense spending and, more recently, conflict in Ukraine and the Middle East. The takeaway from the Q1 2024 earnings report is that business is good, very good, and that guidance is cautious. The Q1 outperf... Read the Full Story |
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Business Services | |
Bitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity. The process of validating ... Read the Full Story |
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Technology | |
Extreme Networks Inc. (NASDAQ: EXTR) is a cloud-driven networking solutions provider that serves three seemingly “recession-proof” industries: government, education and healthcare. With nearly 40% of their revenues coming from government and education, this computer and technology sect... Read the Full Story |
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Consumer Staples | |
Consumer staples and Dividend Kings like PepsiCo (NASDAQ: PEP) are not often stocks that provide a lot of PEP for a portfolio. However, they can deliver substantial, market-beating returns when the stars align. Regarding PepsiCo, this blue-chip, industry-leading, undervalued, high-yielding consume... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil. | | View Today's Stock Pick |
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