Good MorningEquities began to rebound last week but we wouldn't call it a rally just yet. The S&P 500 moved up off of the recent low and closed above the 4,100 level but there is still risk ahead. The takeaway for the market is that, with a cloudy outlook for Q2 and 2nd half earnings and the summer season fast approaching, the adage of Sell In May and go away may be the best advice for investors. Any upswing in prices will most likely be met by selling that will cap gains and keep the S&P 500 range-bound until the fall.
The hurdle for the market next week will be the economic data. There is a raft of data including PMI, ISM, Factory Orders, and the Fed's Beige Book on top of the monthly labor data. As a whole, the data should indicate slowing and sluggish economic activity in the face of tight labor markets and rising inflation, otherwise known as stagflation. Featured: Free Access to 6 Penny Stock Profit Patterns (Millionaire Pub) 
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Stocks | | | When we began working on this post the idea was to write up the three most upgraded stocks so far in Q2. Things changed, however, when we discovered that the three most upgraded stocks in Q2 are all energy stocks. Read the Full Story |
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Markets | | | Global stocks and U.S. futures rose Monday after Wall Street rebounded from a seven-week string of declines and China eased anti-virus curbs on business activity in Shanghai and Beijing.
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil stayed above $110 ... Read the Full Story |
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Markets | | | Asian stocks rose Monday after Wall Street rebounded from a seven-week string of declines and China eased anti-virus curbs on business activity in Shanghai and Beijing.
Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil stayed above $110 per barrel.
On Wall Street, the... Read the Full Story |
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From Our PartnersThe EV industry has a dirty secret... one that could end up hurting the value of many top EV companies. Louis Navellier reveals all in new presentation - including the ticker symbol of an EV company to watch today. | | Get the full story HERE. |
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Buy now and pay later purchase financing provider Affirm (NASDAQ: AFRM) stock is rebounding after bottoming out at $13.64. The buy-now-pay-later (BNPL) platform had a very negative sentiment heading into its fiscal Q3 2022 earnings release on the heels of weak performances from Block (NYSE: SQ) an... Read the Full Story |
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Politics | | | China fell short Monday on a bold plan to have 10 Pacific nations endorse a sweeping new agreement covering everything from security to fisheries as some in the region expressed deep concerns.
But there have been plenty of smaller wins for China's Foreign Minister Wang Yi as he contin... Read the Full Story |
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Markets | | | Airbnb grew its revenues while many of its competitors faltered during the pandemic. A change in consumer preferences and spending habits has also enabled new dimensions of competition in the industry. Read the Full Story |
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Politics | | | Sri Lanka’s prime minister says protesting youth groups will be invited to be part of governance under political reforms he is proposing to solve the country’s political crisis triggered by an economic collapse Read the Full Story |
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Politics | | | As the war in Ukraine rages, Serbia's president announced that he has secured an “extremely favorable” natural gas deal with Russia during a telephone conversation Sunday with Russian President Vladimir Putin.
Serbian President Aleksandar Vucic has refused to explicitly condemn Russia... Read the Full Story |
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Markets | | | Speaker and audio products maker Sonos, Inc. (NASDAQ: SONO) stock has fallen (-26%) for the year selling off with the rest of the bear market. The audio products maker continues to grow both top and bottom lines. Stay-at-home mandates and lockdowns spurred growth in home theater and entertainment au... Read the Full Story |
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Markets | | | Hibbet, Inc (NASDAQ: HIBB) shares are pulling back nearly 10% in premarket action after what we consider to be a rosy report. While the Q1 results are mixed and earnings are below expectations the guidance is positive and accompanied by some news we (and the market) want to hear. Read the Full Story |
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Monday's Early Bird Stock Of The Day Rockwell Automation, Inc. provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services. The Intelligent Devices segment offers drives, motion, safety, sensing, industrial components, and configured-to-order products. The Software & Control segment provides control and visualization software and hardware, information software, and network and security infrastructure solutions. The Lifecycle Services segment provides consulting, professional services and solutions, and connected and maintenance services. The company sells its solutions primarily through independent distributors in relation with its direct sales force. It serves discrete end markets, including automotive, semiconductor, and warehousing and logistics, as well as general industries comprising printing and publishing, marine, glass, fiber and textiles, airports, and aerospace; hybrid end markets, such as food and beverage, life sciences, household and personal care, and tire, as well as eco industrial, including water/wastewater, waste management, mass transit, and renewable energy; and process end markets comprising oil and gas, mining, metals, chemicals, pulp and paper, and others. Rockwell Automation, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin. | | View Today's Stock Pick |
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