Good MorningEquity markets tried to rebound on Thursday following Wednesday's Fed-induced rebound but the takeaway for investors is failure. The S&P 500 advanced more than 1% at the high of the day only to meet with resistance and give up the gains by the end of the day. The index closed with gains, but the candle formed is black and confirms resistance at the short-term moving average. If the index cannot close above the short-term moving average today, it could lead to intensified selling next week.
Next week could be another tough one for investors. The economic calendar is light but includes the PCE Price Index on Friday. The latest CPI index showed a cooling of inflation but not a decline, which may be repeated in the PCE data. The caveat is that PCE data is expected to be hot and confirm the need for high interest rates if not higher interest rates. Featured: Think Inflation Will Just Fade Away? Not So Fast (Darwin) 
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Texas Instruments (NASDAQ: TXN), Cirrus Logic Inc. (NASDAQ: CRUS), and Rambus Inc. (NASDAQ: RMBS) represent very different corners of the semiconductor industry. Still, all three have one thing in common: All are showing healthy chart patterns that may lead to price gains.
Semiconductors ar... Read the Full Story |
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Stocks | | | A late-afternoon turnaround on Wall Street left stocks higher Friday as the market shook off a weak start amid worries about banks on both sides of the Atlantic.The S&P 500 rose 0.6% after slipping for most of the morning. The benchmark index marked its second straight weekly gain. The Dow Jones... Read the Full Story |
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Chewy, Inc (NASDAQ: CHWY) shares are moving lower following a solid report and mixed guidance. The takeaway from the results and outlook contradicts this move and has the stock set up for a buy later in the year. While the margin outlook is weak, the guidance can be labeled cautious and includes p... Read the Full Story |
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From Our PartnersThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself … | | Find out how to protect yourself here |
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Markets | | | The average long-term U.S. mortgage fell for the second straight week which, combined with moderating home prices, could give house hunters a break and the housing market a boost as the spring buying season begins.Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year... Read the Full Story |
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Markets | | | Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies. If the proposal succeeds, it will be a major step in Toshiba’s yearslong turnaround ... Read the Full Story |
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Markets | | | The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: a cutback in bank lending.The upheaval in the financial system that's followed the collapse of two major U.S. banks is raising the likelihood that lending s... Read the Full Story |
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Tech | | | The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels.Jobless claims in the U.S. for the week ending March 18 fell by 1,000 to 191,000 from the previous week, the Labo... Read the Full Story |
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If the results, the outlook, the valuation, and the analyst have anything to do with it, Darden Restaurants (NYSE: DRI) can hit new highs in 2023. The Q3 results were better than expected, showing underlying momentum in the restaurant rebound and this company. The guidance is equally optimistic an... Read the Full Story |
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KB Home (NYSE: KBH) is raising the roof for 2023; like all house parties, the year may not turn out as investors would hope. The company outperformed consensus estimates and gave favorable guidance driven by its relentless execution of backlog orders. This has revenue in Q1 and guidance for the ye... Read the Full Story |
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Banking stocks have been hit strongly this year amid the bankruptcy of several high-profile banks, deteriorating sentiment, and the expectation that the worst is yet to come.
Despite these challenges for the financial services sector, the good news is that it has produced some potentially underva... Read the Full Story |
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Friday's Early Bird Stock Of The Day Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2023, it had 2,226,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada. | | View Today's Stock Pick |
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