Good MorningA soft inflation report led the S&P 500 to a new high. The April reading of CPI was as expected, which means cooler on a month-to-month basis and compared to last year. Consumer-level inflation is not gone, but the pace of deceleration is promising. It points to a soft landing and the FOMC lowering interest rates later this year. The news sent the S&P 500 up more than 1%, taking it to a new all-time high and setting the market up for a summer rally.
With the S&P 500 at a new high, the question becomes how high it can get. Technically speaking, the latest rally was worth about 225 index points before the breakout, putting the first target near 5,500. That may be reached within a few weeks. The next major hurdle for the market will be the FOMC meeting in June. That meeting should bring word of when to expect the first cuts. The risk is that PCE won't align with the CPI, or the FOMC won't view the data favorably enough to think a cut is warranted.
Featured: The case for trading fewer setups, not more (Ad) 
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Utilities | | It’s hard to believe that a company in the utilities sector can be trading up 142.5% year-to-date, but it is happening for integrated retail electricity and power generation company Vistra Co. (NYSE: VST).
After acquiring Dynegy in 2018, Vistra became the largest competitive power generator i... 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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Retail/Wholesale | |
Investors should be familiar with the expression, “Buy the Dip”(BTD) when it comes to the stock market. It means to buy stocks on a pullback. Traders are also familiar with the expression "Sell the Rip" (STR). It means to sell stocks into the strength.
Fending Off FOMO
Put together, ... Read the Full Story |
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Business Services | |
Share repurchases are a controversial topic because they often do little more than hide the impact of share-based compensation or amplify (at face value) sluggish earnings growth. However, as with the stocks today, share repurchases can drive shareholder value by reducing the share count. The long... 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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Technology | | Investors should be amazed at where consumer priorities lie regarding monthly payments. Besides ensuring the mortgage and car are paid, consumers will likely emphasize subscriptions. The evidence behind this belief? Financial stocks like Bank of America reported rising delinquency rates on credit ca... Read the Full Story |
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Markets | |
The meme stocks saga of 2021 marked one of those historical moments in financial case studies. Unfortunately, it will be tied to those like the Tulipmania during the 1600s. Because the underlying financials of stocks like GameStop Corp. (NYSE: GME) aren’t that great, triple-digit rallies in ... 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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Energy | |
The energy industry is supported by demand and pricing despite the murky outlook. We rely heavily on oil, and there is a finite supply of oil, and green energy isn't offsetting carbon-based energy fast enough to be effective.
Today, we’re looking at four small-cap plays the insiders are bu... Read the Full Story |
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Consumer Discretionary | | Media and entertainment giant Warner Bros. Discovery Inc. (NASDAQ: WBD) shares initially tanked to $7.50 on its Q1 2024 earnings results. But the consumer discretionary sector giant recovered quickly on news of its new partnership with The Walt Disney Co. (NYSE: DIS) for a streaming bundle that woul... Read the Full Story |
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Consumer Discretionary | |
Live Nation Entertainment Inc. (NYSE: LYV) shares surged 10% on its Q1 2024 earnings release despite missing EPS estimates by 53 cents and still losing money. The consumer discretionary sector giant is the world's largest producer of live music concerts and entertainment events. It also owns the l... Read the Full Story |
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Auto/Tires/Trucks | |
The wave in electric vehicles has made a sudden turn. The U.S. is looking to support its car manufacturers and protect them from foreign competition to realize the real value these companies carry—no pun intended—under the hood. Investors will find out why Tesla Inc. (NASDAQ: TSLA) co... Read the Full Story |
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Retail/Wholesale | | Quick-service Mexican chicken restaurant operator El Pollo Loco Holdings Inc. (NASDAQ: LOCO) specializes in the flame-grilled, citrus-marinated chicken. The consumer discretionary sector company develops, franchises, and operates over 470 restaurants throughout California, Nevada, Texas, Arizona, Ut... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Ashford Hospitality Trust, Inc., together with its subsidiaries (Ashford Trust), is a real estate investment trust (REIT). While our portfolio currently consists of upscale hotels and upper upscale full-service hotels, our investment strategy is predominantly focused on investing in upper upscale full-service hotels in the United States that have revenue per available room (RevPAR) generally less than twice the U.S. national average, and in all methods including direct real estate, equity, and debt. We currently anticipate future investments will predominantly be in upper upscale hotels. We own our lodging investments and conduct our business through Ashford Hospitality Limited Partnership (Ashford Trust OP), our operating partnership. Ashford OP General Partner LLC, a wholly owned subsidiary of Ashford Trust, serves as the sole general partner of our operating partnership. | | View Today's Stock Pick |
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