Good MorningNVIDIA reported another blowout quarter, sending its shares up by 10%, but the news did not support the broad market. The S&P 500 turned lower mid-day to retreat nearly 1.0% on renewed fear of inflation. Wednesday's read of the FOMC minutes revealed the Fed is unwilling to cut interest rates too soon as worries of persistent inflation linger. The risk is that Fed officials seem ready to increase rates should inflation continue to run hot—a move that could send the market into a tailspin.
The S&P is poised to fall and may enter a correction anytime. Thursday's move created a Bearish Engulfing Pattern that set a new high at the open, then moved lower to offset the previous six days of trading. There is now only a 50/50 chance for a single hike by September, and chances for two are slim before 2025, barring the US economy slipping into recession. Under these conditions, the market could easily move down to retest the recent lows near 4,990 before mid-June when the FOMC next meets and new lows are possible. Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
The short call butterfly spread is also referred to as a short butterfly with calls or a short call butterfly trade. This is an advanced options trading strategy used to capitalize on a medium to large underlying price move in either direction. This strategy is also conducive to volatile and trend... 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 | |
The retail sector was once characterized by predictable earnings seasons and long-established retail giants seemingly unshakeable in their dominance. However, the sector finds itself in a period of evolution with the rise of eCommerce. Electronic commerce has fundamentally reshaped the retail indu... Read the Full Story |
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Retail/Wholesale | |
Williams-Sonoma’s (NYSE: WSM) stock price is heading to $500 for three reasons: its market, operations, and technical outlook. All else aside, the technical action has been robust for the last year and shows little signs of slowing. The latest earnings report has the market up to a new high,... 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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Retail/Wholesale | |
After a spectacular 36.4% run in the fourth quarter of 2023 earnings, shares of PDD Holdings Inc. (NASDAQ: PDD) have changed a little as the company released its first quarter 2024 results. However, investors can lean on the run-up to the announcement for a sentiment check, which delivered a 43.5%... Read the Full Story |
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Retail/Wholesale | |
Global-e Online (NASDAQ: GLBE) is succeeding because it offers three things merchants need in one place: eCommerce, direct-to-consumer access, and international expansion. eCommerce is entrenched in our lives and a requirement for any business today. International expansion, specifically cross-bor... 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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Technology | |
NVIDIA (NASDAQ: NVDA) produced another beat-and-raise quarter that says one thing: as much hype as there is about the AI industry, the market grossly underestimated the impact and importance of NVIDIA semiconductors. The company’s results are so above the consensus estimate they are mind-bog... Read the Full Story |
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Construction | |
Every once in a while, the market's volatility index (the VIX) goes to an extreme. Whether to the upside or downside, these significant swings bring about massive opportunities for investors who know how to ride the market's volatility cycle. Today, the VIX sits between 11.5% and 13.0%, levels not... Read the Full Story |
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Technology | |
Analog Devices (NASDAQ: ADI) share prices are surging because a trough is in place, and the outlook is robust. The FQ2 results and guidance for FQ3 aren't robust but show markets stronger than expected, and AI supports the pivot back to growth. End-market inventory normalization is expected for se... Read the Full Story |
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Retail/Wholesale | |
TJX Companies (NYSE: TJX) industry-leading position in off-price retail and quality operations will soon lead its stock price to new heights. Like Walmart (NYSE: WMT), TJX Companies benefits from the high inflation and interest rate environment because shoppers are still flush but turning more to ... Read the Full Story |
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Retail/Wholesale | |
“Be fearful when others are greedy, and greedy when others are fearful.”
Warren Buffett said it best: Great investing often involves seeking out unloved names that the market has overlooked or undervalued.
While it's tempting to buy popular stocks like NVIDIA (NASDAQ: NVDA) and Tesla... Read the Full Story |
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Friday's Early Bird Stock Of The Day Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. was founded in 1976 and is based in Las Vegas, Nevada. | | View Today's Stock Pick |
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