Good MorningEquity markets treaded water on Wednesday while traders digested Tuesday's gains. The question on everyone's minds is whether the summer rally will continue or not, and it may be answered on Friday. The May read of the PCE price index is due out and is not expected to give the FOMC much reprieve. The risk for investors is that the market won't heed the message given by the FOMC and continue to rally despite hot inflation. In that scenario, the top of the market may be reached when the FOMC hikes rates again later this year.
The earnings news is less than robust. The latest from General Mills echoes news from Walgreens Boots Alliance in that cautious consumer habits are weighing on the outlook. In the case of General Mills, price hikes continue to offset weak volume and produce growth, but that situation can not last forever, and discretionary names are suffering for it. Nike is scheduled to report after the close of trading today and may shed more light on the matter. Featured: Discover the #1 Stock Pick for Recessions (Darwin) 
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Shares of AeroVironment Inc. (NASDAQ: AVAV) rose by as much as 5.9% in the after-market hours of Tuesday evening. The price action stems from the company releasing its fourth quarter 2023 earnings results. After posting record-breaking figures across critical drivers in the business, alo... Read the Full Story |
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From Our PartnersOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines. | | | | See why graphite could be the "new lithium" |
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General Mills (NYSE: GIS) retreated following the Q4 results and guidance marking an opportune time to buy the stock. The retreat is due to mixed results and guidance that left investors wanting more, but there is a bigger story. While tepid, the guidance calls for growth in a high-quality dividen... Read the Full Story |
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Advanced Micro Devices (NASDAQ: AMD) has been one of the standout performing semiconductor and NASDAQ companies of 2023. YTD shares of the semiconductor company are up about 70%, last trading near $109. This comes after the stock has recently pulled back almost 18% from the year's high, $132.83, s... Read the Full Story |
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From Our PartnersIf you missed the boat on Tesla stocks, it's not too late! But don't follow the crowd and think EV makers are the most exciting investment. The smart money is focused on the miners that supply battery-grade lithium to EV manufacturers. With lithium demand expected to increase 10x by 2030, this industry is set to explode... | | | | Find Out Why Experts are Comparing Lithium Mining to Last Century's Oil Boom |
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Jefferies Financial Group (NYSE: JEF) has missed earnings expectations by a massive 84.6%, making the second quarter of 2023 one of the least profitable quarters for the firm since the 2008 financial crisis.
Jefferies stock has been on a bit of a downtrend since the price peaked in 202... Read the Full Story |
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Markets | | | Leading global central bankers asserted Wednesday that they are not backing off their steep interest rate increases, pointing to inflation being more persistent than expected but still downplaying fears of recession from their hikes.The message was that borrowing costs would stay high until the infl... Read the Full Story |
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Markets | | | President Joe Biden made his pitch Wednesday to a skeptical public that the U.S. economy is thriving under what he now touts as “Bidenomics” -- even as a new poll showed that could be a hard sell as the foundation for his 2024 reelection campaign.In a major economic speech in Chicago, Biden said his... Read the Full Story |
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Markets | | | Federal Reserve Chair Jerome Powell said Thursday that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large U.S. banks this spring.Powell said in prepared remarks delivered at a banking conference in Madrid that tougher regulat... Read the Full Story |
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Markets | | | The nation’s 23 largest banks passed the Federal Reserve’s so-called stress tests this year, a sign that the nation’s banking system remains resilient despite the recent banking crisis that that led to the failure of three banks Read the Full Story |
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Markets | | | Sri Lanka’s Cabinet on Wednesday approved a program to restructure the country's staggering domestic debt as the island nation struggles to emerge from an economic crisis that has engulfed it since last year.The domestic debt restructuring is required as part of a bailout package obtained from the I... Read the Full Story |
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Unifirst (NYSE: UNF) is not an evident value trading at 24X its earnings outlook. The broad market S&P 500 trades at only 17X or 18X of its earnings, which is well below UniFirst and comes with a better dividend. The problem with that comparison is that its closest competitor Cintas (NYSE: CTA... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced. The Asset Management and Other Services segment provides services to the legal industry, including litigation insurance. Burford Capital Limited was incorporated in 2009 and is based in Saint Peter Port, Guernsey. | | View Today's Stock Pick |
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