Good MorningEquity markets sold off on Tuesday, extending the weakness seen on Monday. The 2nd quarter is starting on shaky footing due to receding expectations for FOMC rate cuts this summer, and more bad news came out during the session. Oil prices rose 1% to set another fresh high to underpin inflation, while the Fed's Mester ruled out a cut in May. She still thinks a cut will come this year but is uncertain of the timing and needs more data. The news that caught the market's attention was her long-term outlook for long-term rates, which was increased. In her view, the target rate is likely near 3.0% a full 100% basis points above the market's expectations.
The yield on the ten-year treasury advanced to a new six-week high on the news, and the S&P 500 fell. The broad market fell more than 1.0% at the session's low, marking the largest one-day decline in weeks. The VIX spiked in tandem, signaling a more significant correction could come. If the market can not regain footing by the end of the week, a move to firmer support levels is likely. The next catalyst is the labor market data which begins coming out today. Featured: The case for trading fewer setups, not more (Ad) 
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Medical | |
GLP-1 (Semaglutide) drugs like Ozempic and Wegovy produced by Novo Nordisk A/S (NYSE: NVO) and Mounjaro and Zepbound (Tirzepatide) produced by Eli Lilly and Co. (NYSE: LLY) have taken the mainstream by storm. These drugs have transformed the medical sector. The Oprah Winfrey special, "Shame, Blame... 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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Technology | |
Snowflake Inc. (NYSE: SNOW) is a cloud-native data warehouser in the computer and technology sector, offering companies cloud-based data platform-as-a-service (PaaS) solutions. Snowflake's shares collapsed over 20% on its fiscal Q4 2024 earnings release. Despite beating consensus estimates, it del... Read the Full Story |
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Medical | |
The popular iShares Biotechnology ETF (NASDAQ: IBB) has formed a bullish consolidation in the upper portion of its 52-week range, hinting at a significant sector-wide breakout.
The bullish formation comes at a time when technology, and specifically semiconductor stocks, have continued to outpace... 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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Aerospace | |
The global economy is taking a turn this quarter, with the United States and China leading the way. After reporting a year of consecutive contraction, the U.S. manufacturing sector has finally pushed out its first expansionary reading during March 2024.
Both professional and retail investors foll... Read the Full Story |
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Markets | |
Every cycle brings new opportunities; now that the Federal Reserve (the Fed) is looking to cut interest rates in 2024, the market could be getting ready to shift in a new direction. Banking stocks could be the first to move, as they are tied to the financial pulse of the economy.
Not all bank sto... 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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Consumer Discretionary | |
PVH’s (NYSE: PVH) quality operations, cash flow, and capital returns make the 25% discount on share prices an opportune time to buy the stock. The cause of the price implosion is the guidance, which came in below the analysts' consensus estimates. However, as weak as the guidance is compared... Read the Full Story |
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Auto/Tires/Trucks | |
Shares of Tesla, Inc. (NASDAQ: TSLA) stock dropped nearly 6% in the pre-market after the electric vehicle (EV) giant reported lighter-than-expected delivery numbers for the first quarter. Tesla manufactured 433,000 vehicles but delivered only 387,000. The delivery miss will continue to fuel specul... Read the Full Story |
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Technology | |
Paychex, Inc.’s (NASDAQ: PAYX) stock price is falling into a buying opportunity that retirement-oriented income investors should heed. The only trouble with the Q3 results and guidance is that they failed to exceed expectations, and the stock valuation was high. Trading at roughly 25X earnin... Read the Full Story |
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Markets | |
Canoo, Inc. (NASDAQ: GOEV) analysts were bullish on the stock ahead of the Q4 earnings report, but that situation will likely change. The company issued a going concern notice that raises serious doubt about the company’s ability to continue, and the danger is real. The company forecasts los... Read the Full Story |
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Retail/Wholesale | |
The Children's Place Inc. (NASDAQ: PLCE) stock has had a wild ride in 2024. Shares surged from a swing low of $8.30 on Feb. 9, 2024 to a swing high of $38.03 on Feb. 15, 2024. Since the swing high, shares have cascaded down to $11.54 on funding and bankruptcy concerns as the company breached debt ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems. The Marine segment provides Alumacraft, Manitou, Quintrex, Stacer, and Yellowfin boats; Rotax engines for jet boats; and Rotax S outboard engine. The company was formerly known as J.A. Bombardier (J.A.B.) Inc. and changed its name to BRP Inc. in April 2013. BRP Inc. was founded in 1937 and is headquartered in Valcourt, Canada. | | View Today's Stock Pick |
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