Good MorningEquity markets rebounded last week, and the rally may continue this week. A combination of easing fear, easing inflation and better-than-expected earnings reports is why. The S&P 500 gained over 3.25% for the week in a high-conviction move that could reach the 4,200 level soon. The risk for traders is that resistance at the 4,200 will cap gains until later in the year.
This week will be driven primarily by the economic data. There are few earnings reports on the calendar but multiple economic events. Most of those are centered on the labor market and could point the way toward the Fed's next move. If the labor market shows signs of weakness or deterioration, the committee may have no choice but to hold back on the next interest rate hike. Until then, inflation remains hot despite the cooling indicated in last week's data.
Featured: 2023's Best Stock: Buy Before the Market Knows (Darwin) 
|
Stocks | | | Looking to boost your portfolio with the perfect blend of growth and stability? Mid-cap stocks might just be your golden ticket. Striking a balance between the untapped potential of small caps and the steady performance of large caps, mid-cap companies often embody the best of both worlds. These bus... Read the Full Story |
|
From Our PartnersThe #1 income play for 2023 is NOT a stock, bond or private company... Rather, it's a little-known alternative investment that could hand you big monthly income from oil and gas. | | | | Find Out What It Is Right Here
|
|
Stocks | | | From classic arcade games to immersive virtual environments, video games have transformed into a major segment of global entertainment, engaging diverse demographics across all age groups. Let's take a look at the investment potential within this booming industry.
Overview of the Video Game Indus... Read the Full Story |
|
Tech | | | Shares were mixed in Asia on Tuesday as investors watched for the latest moves by central banks, while oil prices steadied after shooting higher the day before following an announcement that major exporters plan to cut production. Benchmarks rose in Tokyo, Shanghai and Seoul but fell in Hong Kong an... Read the Full Story |
|
From Our PartnersAn economic force with the potential to be bigger than the 1880s railroad boom, the 1920s automobile boom, the baby boom of the 1960s, or the Dotcom boom of the ‘90s.
And while Biden has nothing to do with it… he’ll take full credit.  | | Click here to stream new documentary now |
|
Markets | | |
The wireless business in the US is extremely competitive and has seen substantial expansion and innovation in recent years. Many significant companies dominate the market, notably AT&T (NYSE: T), Verizon (NYSE: VZ), T-Mobile (NASDAQ: TMUS), and Sprint (NYSE: SPRINT), which together own the bul... Read the Full Story |
|
Markets | | | Athletic footwear and apparel maker NIKE Inc. (NYSE: NKE) shares fell on Its fiscal Q3 2023 earnings release. The report was stronger than expected, but margin compression and rising inventories snuffed out any immediate buying pressure on its stock. Despite beating sales estimates by over a billion... Read the Full Story |
|
From Our PartnersDiscover the top 3 hidden AI stocks that could hand you profits of 874% of more!
ChatGPT is the fastest growing app EVER – hitting 100 million users!
Jeff Bezos… Bill Gates… and Elon Musk are betting billions on this "game changing" technology. And you can get in on the ground floor. | | Click here to download it for free – with no strings attached. |
|
Markets | | |
The world’s largest defense contractor Lockheed Martin Co. (NYSE: LMT) stock, has been hovering near all-time highs setting up a potential breakout on a weekly ascending triangle pattern. The company continues to report new U.S. military contracts weekly. Near-term disruptions with its suppl... Read the Full Story |
|
Markets | | | The Swiss attorney general’s office says it has opened a probe into the events surrounding embattled bank Credit Suisse, which is to be taken over by rival UBS.Switzerland's government and financial regulators helped engineer the hastily arranged, $3.25 billion agreement that was aimed in part to he... Read the Full Story |
|
Tech | | | McDonald’s has closed its U.S. offices through Wednesday and told its corporate staff to work remotely as it prepares to announce a round of layoffs.In a memo to workers posted on the website TheLayoff.com, the Chicago-based burger giant said it wanted to “ensure the comfort and confidentiality of o... Read the Full Story |
|
Markets | | | Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling up to 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide.Higher oil prices would help fill Russian President Vladimir Putin's coffers as his country wages war ... Read the Full Story |
|
Markets | | | Business sentiment among big Japanese manufacturers worsened in the first quarter of this year in the fifth straight decline, according to a central bank survey released Monday.The headline measure in the Bank of Japan quarterly survey called “tankan” found such sentiments stood at plus 1, down from... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Petco Health and Wellness Company, Inc., operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics. It also offers pet consumables, supplies, and services through its petco.com, petcoach.co, petinsurancequotes.com, and pupbox.com websites. The company offers its products under the WholeHearted, Reddy, and Well & Good brands. Petco Health and Wellness Company, Inc. was founded in 1965 and is headquartered in San Diego, California. | | View Today's Stock Pick |
|
