Good MorningThe advancing S&P 500 peaked last week and may enter a consolidation or pull back to firmer support. The move is due to a correction in NVIDIA's stock price that shaved 5% off its stock price. NVIDIA is among the most crowded trades on Wall Street, so it may take a few weeks or longer for this movement to run its course.
This week's market risks include the CPI report and retail sales. The CPI report is expected to be hot and keep the FOMC from cutting rates quickly, while the retail sales are expected to fall and may be weaker than expected, setting the FOMC to cut rates sooner. The takeaway is the equity markets are caught in a tug-of-war in sentiment that is leading it higher. Because the economy is still resilient and the FOMC is on track to cut rates this year, a pullback in the action is a likely entry for new money.
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When the market gives you favorable price action, you should take care to figure out why certain stocks – or sectors – behave the way they do. In today's economic environment, you will find plenty of reasons why the SPDR S&P Metals & Mining ETF (NYSEARCA: XME) has sent mining a... Read the Full Story |
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It isn't often that you can find the type of stocks that would get Warren Buffett interested. But pushed by several tailwinds, Ulta Beauty (NASDAQ: ULTA) is at the beginning of a multi-year ride that is slowly making the stock a more accepted deep-value play in the investment community.
As part o... Read the Full Story |
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Data backup and recovery specialist Commvault Systems Inc. (NASDAQ: CVLT) is soaring after the company topped earnings and sales views in its most recent quarter.
The post-earnings momentum has been kept alive since January 30, with Commvault stock advancing 22.49%, while the SPDR S&P MidCap ... Read the Full Story |
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Markets | | | Shares were mostly higher in Asia on Tuesday ahead of a report on inflation in the U.S. that could sway the Federal Reserve’s timing on cutting interest rates. U.S. futures and oil prices were higher.Japan's Nikkei 225 lost 0.6% to 38,586.92, retreating further from its recent record highs as expect... Read the Full Story |
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As popular as pets are, pet stocks have been in the toilet and can't seem to get out. The landscape is littered (no pun intended) with broken stocks like online e-commerce retailer Chewy Inc. (NYSE: CHWY) shares down 56%, PetMed Express Inc. (NASDAQ: PETS) is down 71.7%, and Petco Health and Welln... Read the Full Story |
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Markets | | | Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices.The results still marked the company's second highest ever result, Aramco said, as members of the OPEC+ alliance continue to cut their production to try to boost g... Read the Full Story |
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Medical device maker Medtronic PLC (NYSE: MDT) is a Dividend Aristocrat in the medical and healthcare sectors. The medical device maker has raised its dividend payout for 46 consecutive years through bull and bear markets. Medtronic's products cover many treatments and specialties, including diabe... Read the Full Story |
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Markets | | | President Joe Biden is going all-in on calling out “shrinkflation.”The term applies to a seemingly covert way for companies to raise prices by ever so slightly reducing the size of their products. There's suddenly fewer pretzels in the bag, less toothpaste in the tube and shorter candy bars.“It's ca... Read the Full Story |
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Markets | | | The Associated Press has withdrawn its story about Asia stock market activity on March 12. The story was inadvertently republished. Read the Full Story |
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Markets | | | Japan's economy managed to grow in the fourth quarter of last year, averting a recession, according to revised government data released Monday that had previously shown a contraction.Real gross domestic product, or GDP, grew in October-December at an annual pace of 0.4% instead of a contraction of 0... Read the Full Story |
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Monday's Early Bird Stock Of The Day Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee. | | View Today's Stock Pick |
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