Good MorningEquity markets closed with a gain on Tuesday, but the advance was slim, and the takeaways bearish. The S&P 500 closed with a gain of 0.09% after trading in a tight range that confirms the presence of resistance at the 4,150 level. 4,150 has been a line the bulls can not cross since the middle of 2022, and nothing in the outlook says that will change now.
Some better-than-expected earnings reports and guidance are helping to lift the market, but it may be too little too late. Data in the form of housing starts and building permits suggests the economic contraction everyone expects is getting worse. The data show starts and permits fell more than expected compared to last month and are down 17% and 24%, respectively. Because permits are a leading indicator of starts, the start figure should be expected to decline further. Featured: Ford is about to invest $11.4 billion... (IPM) 
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Stocks | | Utility companies perform essential services -- from powering homes to providing clean water -- that rarely garner investor attention unless something goes wrong. Although these stocks might seem unexciting due to their modest growth prospects, they offer notable benefits for risk-averse investors s... Read the Full Story |
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From Our PartnersEric Fry, one of America's top Investment Strategists, provides his latest report, 5 Top Stocks for 2023. You can't afford to miss out on the once in a decade chance to buy after the recent dip in the markets.
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Markets | | Asian shares were trading mixed Wednesday, as investors took a wait-and-see attitude ahead of earnings reports and possible moves by central banks. Japan's benchmark Nikkei 225 slipped 0.2% in morning trading to 28,590.40. Australia's S&P/ASX 200 edged up 0.1% to 7,370.70. South Korea's Kospi ga... Read the Full Story |
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Bank of America (NYSE: BAC) has blown past analysts' expectations on top-line and bottom-line earnings, leading to a 13% year-on-year net revenue growth and a respective 15% net income growth by the same measure; earnings per share were reported at 94 cents. The push in revenue came... Read the Full Story |
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From Our PartnersArtificial Intelligence is the future, and it's only just beginning. The companies that are leading the way in AI are going to be the ones that make the most money in the years to come. So if you're looking to make a killing in the stock market, we urge you to buy these 7 AI stocks.
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Markets | | Netflix began the year with another burst in subscriber growth that eclipsed analysts’ projections for the third consecutive quarter, providing further evidence the video streaming service has regained its momentum after a jarring downturn in customers prompted a shake up.The 1.75 million gain in Ne... Read the Full Story |
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Gamida Cell Ltd. (NASDAQ: GMDA) is an Israeli-based developmental biotechnology company specializing in discovering and advancing cell therapies to fight blood cancer and other illnesses. The stock traded as high as $15.40 in 2018 when it went public and sank to a low of $2.60 by March 2020. The s... Read the Full Story |
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From Our PartnersInvestors are cashing-in on the "electrification of everything" in 2023. The focus is on select small-cap exploration stocks that are stepping up to produce the key metals needed in the green-energy revolution. Topping the list is copper. And this 25-cent miner is advancing not one... not two... but THREE early-stage copper-dominant projects in some of the top mining addresses on the planet. | | More details here... |
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Proposed changes to California’s net-metering rules have cut the share prices for companies like Sunrun (NASDAQ: SUN) and Enphase (NASDAQ: ENPH), but analysts still see a bright future. Net-metering, the ability to sell unused power back to the grid, is critical in selling solar to the masse... Read the Full Story |
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Markets | | United Airlines said Tuesday that it lost $194 million in the first quarter, but its revenue soared compared with last year, and the airline said consumer demand remains strong despite economic uncertainty.United predicted that results in the April-through-June quarter will be slightly better than W... Read the Full Story |
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Markets | | Spain’s leftist coalition government on Tuesday approved a plan to make available around 50,000 houses for rent at affordable prices as part of measures aimed at curbing soaring rents and house prices. The apartments will come from the state-controlled SAREB “bad bank” that was set up in 2012 to man... Read the Full Story |
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Markets | | Bank of America said its profits grew 15% last quarter, the latest of the big banks to do exceptionally well this earnings season as investors and consumers flock to Wall Street for safety after the failure of Silicon Valley Bank and Signature Bank Read the Full Story |
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J.B. Hunt (NASDAQ: JBHT) didn’t have a horrible quarter, but it did miss the consensus estimates on a combination of factors, which is terrible news for the broad economy. The combination of higher prices and rising interest rates produced a larger-than-expected decline in demand that impact... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools. The company's Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, tractors, mining trucks, wheel loaders, off-highway and articulated trucks, wheel tractor scrapers and dozers, fleet management products, landfill and soil compactors, machinery components, autonomous ready vehicles and solutions, work tools, and safety services and mining performance solutions, as well as related parts and services. Its Energy & Transportation segment offers reciprocating engine powered generator sets; reciprocating engines, drivetrain, and integrated systems and solutions; turbines, centrifugal gas compressors, and related services; and diesel-electric locomotives and components, and other rail-related products. The company's Financial Products segment provides operating and finance leases, installment sale contracts, revolving charge accounts, repair/rebuild financing services, working capital loans, and wholesale financing; and insurance and risk management products and services. Its All Other Operating segment offers filters and fluids, undercarriage, ground engaging tools, fluid transfer products, precision seals, and rubber sealing and connecting components; parts distribution; logistics solutions and distribution services; brand management and marketing strategy services; and digital investments services. Caterpillar Inc. was founded in 1925 and is headquartered in Irving, Texas. | View Today's Stock Pick |
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