Good MorningEquity markets retreated from a record high on Thursday as traders showed caution ahead of the NFP release today. The NFP is expected to confirm healthy labor markets but show softening that may lead the FOMC to act. The latest read from ADP shows jobs growing, but at a sluggish pace of 150,000, below what many deem strong or robust levels. The risk for investors expecting the FOMC to cut rates sooner rather than later is that 150,000 net new jobs, stable unemployment, and rising wages are enough to keep the FOMC from cutting, given the state of inflation. The pace of inflation is slowing but still sufficiently high to warrant tight policy. At the current pace of minus ten basis points in five months, the first cut may not come until next year.
Results from GameStop will be at the top of everyone's list Friday. The meme stock is set to report before the bell and may issue a better-than-expected report and spark another massive rally. The caveat is that better-than-expected would be relative to the low bar set by management, which is still terrible given the expectation for significant revenue and profitability declines. The brightest spot of the report will be the balance sheet, which will reflect the recent, highly dilutive share sale. Featured: 120 days remain before new defense mineral rules take effect (Ad) 
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Technology | |
Nvidia (NASDAQ: NVDA) has become synonymous with the artificial intelligence revolution. Nvidia’s stock price has surged over recent months, propelled by a multitude of factors. These factors include its dominant position in the AI chip market, the upcoming stock split, and a rapidly evolv... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Technology | |
Market leadership aside, Microsoft (NASDAQ: MSFT) has plenty of room to run. From a market perspective, there is still an untapped total addressable market and market penetration to drive results and valuation over the next decade. The latest estimates show that Internet use is still less than 70%... Read the Full Story |
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Healthcare | |
Novavax (NASDAQ: NVAX) is a drug and vaccine manufacturer in the healthcare sector known for its efforts in the COVID-19 vaccine market. Novavax’s stock price has experienced a remarkable surge recently, attracting significant attention from investors and Novavax’s analyst community. W... Read the Full Story |
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From Our Partners | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Healthcare | | Have you been wondering how to invest in biotech stocks? You may have watched biotechs rally fast and post significant gains and felt you missed out. You may also have seen biotechs and biopharma stocks reward shareholders when acquired.
There are a few factors to consider when considering investin... Read the Full Story |
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Consumer Discretionary | |
If fundamental investors are investigating, then the price action behind shares of GameStop Corp. (NYSE: GME) other than a few tweets that would be considered borderline stock manipulation from Keith Gill, A.K.A. 'Roaring Kitty.' This is not the first time Kitty has come on the scene to make GameS... Read the Full Story |
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From Our Partners | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
From there, it outlines specific options criteria designed to match that potential move, giving traders a complete setup before the market opens.
No guesswork, no scanning countless charts, just one focused opportunity to evaluate each day. | | See how the Wave Software pinpoints daily trade opportunities before 9 am. |
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Technology | |
While all eyes are on Nvidia, whose stock surged by almost 5% yesterday, overtaking Apple to become the second most valuable company in the world, only behind Microsoft, with a market cap hitting $3 trillion, another tech company, Verint Systems (NASDAQ: VRNT), put in an impressive display.
Share... Read the Full Story |
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Consumer Discretionary | |
Despite setting a fresh all-time high at the start of the month, shares of Amazon.com Inc (NASDAQ: AMZN) actually spent most of May on the back foot. In fact, for a while, it looked a little scary, especially as the broader market stayed buoyant. Consider, for example, the 7% that Amazon shares ga... Read the Full Story |
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Consumer Discretionary | |
After trading down to a tragic 60% of their 52-week high levels, shares of Lululemon Athletica Inc. (NASDAQ: LULU) just gave fundamental investors another reason to add this stock to their potential buy watchlists. In the after-market hours of June 6, the stock rallied by as much as 50 points, or ... Read the Full Story |
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Communication Services | |
Shares of Semtech Co. (NASDAQ: SMTC) had been stuck in limbo until recently. For the past two years, the stock struggled to break out of its $20 to $30 price channel. That was until the past quarterly earnings figures came on the scene, bringing Semtech shareholders a much-needed breakout to what ... Read the Full Story |
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Industrials | |
REV Group (NYSE: REVG) has been showing strong performance over the last twelve months as a turnaround and restructuring effort took hold. The results of those efforts are seen in the FQ2 results, which are propelling the market higher. This stock will likely continue to rally because the outlook ... Read the Full Story |
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Friday's Early Bird Stock Of The Day Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled energy companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland. | | View Today's Stock Pick |
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