Good MorningEquity markets traded in a tight range on Monday, starting the week on an uncertain note. The action was dominated by concern this week's CPI report would confirm the need to keep interest rates higher for longer, if not on the rise. That concern was shaded by the latest Fed Senior Loan Officer Opinion Survey, which shows credit conditions are tightening for businesses and consumers nationwide. The news is evidence that loan officers are growing nervous about the economy's future.
The S&P 500 is at a critical juncture, trading at the 4,150 level. This level marks the bottom of a trading range that has dominated the market for the last 12 months; the next move will be a telling one. If the market can rise above 4,150, lifted by a brightening earnings outlook, it could continue to rise into the summer months. If not, this market will remain range bound with a chance of moving down to retest support at lower levels. Featured: 5 Stocks to Buy Immediately (IPM) 
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The electric vehicle (EV) movement has become a secular tailwind driven by both global decarbonization initiatives, social awareness and government incentives. EV stocks have seen a boom and bust cycle in the past three years with EV stocks losing most of their value. EVs make up 7.2% of total U.S... Read the Full Story |
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Markets | | | Oil giant Saudi Aramco reported a first-quarter profit on Tuesday of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns. The firm known formally as the Saudi Arabian Oil Co. blamed the drop — compared to $39.47 billion in the same... Read the Full Story |
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Personalized online student learning platform provider Chegg Inc. (NYSE: CHGG) shares were crushed as it warned that growing ChatGPT stocks and other AI tools usage was hurting its business. Artificial intelligence (AI) has garnered the mainstream spotlight in 2023 with the rumblings between Micro... Read the Full Story |
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From Our PartnersTime is of the essence in the stock market, and we have an urgent message for you. The AI revolution is here, and it's happening right now. The companies that are leading the way in AI are poised to make enormous profits in the years to come.
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Markets | | | Social commerce platform Pinterest Inc. (NASDAQ: PINS) stock collapsed (25%) after its Q1 2023 earnings report. Shares have fallen (8.2%) for the year. While the company is still growing, there are growing concerns over its pace of growth and rising costs and opex, which can have more negative impac... Read the Full Story |
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Six Flags Entertainment Corporation (NYSE: SIX) reported its first-quarter 2023 earnings results. Shares are rising by as much as 21.3% in a massive rally, representing the most significant opportunity for shareholders since the post-pandemic rally. While Six Flags reported a deepening net loss fo... Read the Full Story |
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From Our PartnersOur #1 Small-Cap Stock for May Ex-Wall Street CEO Dylan Jovine is one of the best Small-Cap investors on earth. He's delivered 435% profits on ChemoCentrix, 159% profits with Magnolia Gas and 194% with Scotts Miracle Gro. | | | | Get his #1 Small-Cap for May here >>> |
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Markets | | | President Joe Biden and congressional leaders confronted each other on the debt limit impasse Tuesday, ending their meeting with no breakthrough but agreeing to meet again this week to try to avert the looming risk of an unprecedented government default.Speaking at the White House, Biden described t... Read the Full Story |
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Snowflake’s (NASDAQ: SNOW) price has melted over the past 18 months, but the bottom for this market is in. A new upgrade from Stifel Nicolaus coincides with bottoming in the price action, which points to an upswing this year. Stifel upgraded the stock to Buy from Hold, marking the first sign... Read the Full Story |
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Markets | | | FTX founder Sam Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, saying prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets dubbed the “crypto winter.”L... Read the Full Story |
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Markets | | | Just how does this debt limit standoff end?Plenty of scenarios are being publicly and privately gamed out, but no one knows for sure. The possibilities range from kumbaya to economic chaos with plenty of possibilities in between.So far, neither President Joe Biden nor House Speaker Kevin McCarthy, R... Read the Full Story |
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Markets | | | Buffalo Bills safety Damar Hamlin will use the $10 million given to online fundraising campaigns by well-wishers after his on-field collapse to fund his own nonprofit, the Chasing M's Foundation. The decision, first shared with The Associated Press Monday, begins the 25-year-old's plan for the unpre... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day O'Reilly Automotive, Inc., together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories. It also offers auto body paint and related materials, automotive tools, and professional service provider service equipment. In addition, the company provide enhanced services and programs comprising used oil, oil filter, and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; and professional paint shop mixing and related materials. Further, it offers do-it-yourself and professional service for domestic and imported automobiles, vans, and trucks. The company was founded in 1957 and is headquartered in Springfield, Missouri. | | View Today's Stock Pick |
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