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: Elon’s big $266,000 per second purchase (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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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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Medical | |
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 | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Medical | | 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 | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
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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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Retail/Wholesale | |
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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Consumer Discretionary | |
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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Transportation | |
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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