Good MorningThe market got another jolt on Thursday when the Supreme Court ruled against Donald Trump. In a 7-2 decision, the court ruled that Trump must provide a copy of his financial information to the NY attorney general’s office. The decision casts another shadow over the incumbent’s election chances later this year and caused the market to sell-off. A Biden win is seen by most as a negative for the markets.
Thursday’s action was not all bad, however. On a technical basis, Thursday’s sell-off caused a retest of support that confirmed bullish sentiment still dominates the market. By the end of the day, the S&P 500 had reclaimed most of its losses after traders chalked the Supreme Court decision as another brick in the wall of worry. Earnings remain the biggest hurdle for the market. Next week things could get ugly. The peak of the earnings cycle begins with reports from the big banks. JP Morgan, Wells Fargo, and Citigroup all report before the open on Tuesday.
Featured: The case for trading fewer setups, not more (Ad) 
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Markets | | Electronic gaming products operator International Gaming Technologies PLC (NYSE: IGT) shares have been relatively muted during the sports betting app frenzy. Instead IGT has moved more in alignment with the benchmark S&P 500 index (NYSEARCA: SPY). Unlike many of the recent runups, IGT has much m... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Retailers all across the spectrum have been having serious trouble lately. The coronavirus closures have done no one any serious favors, and most of the retail sector is still trying to recover. The news has been especially brutal for Bed Bath and Beyond (NASDAQ: BBBY), but as much as you may wan... Read the Full Story |
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Markets | | With all the ups and downs that pharmaceutical and biotech companies go through, be it trials succeeding or trials failing, it’s not all that usual to find one whose stock seems to be on a consistent uptrend. But although it’s had its fair share of haircuts and volatility, on the long te... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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The corporate world is treating data like gold these days. Just look at all of the companies in the cloud-computing and data analytics space and how their stocks have performed this year to see what the market thinks of the industry’s potential. Many companies are moving into the digital age... Read the Full Story |
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Markets | | The Labor Market Is Hot, Hot, Hot
One of the trends emerging within the economy is a very strong rebound within the labor market. Of the 30 million-odd jobs that were lost during the pandemic, the data shows we are well on the way to recovering most of them. Some have been lost forever, don’t... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Markets | | Home fitness equipment maker Nautilus (NYSE: NLS) shares have seen a resurgence during the COVID-19 pandemic as stay-at-home orders forced people to find ways to stay in shape. While the shares fell in conjunction with the (-34%) plunge in the S&P 500 index (NYSEARCA: SPY) during the pandemic se... Read the Full Story |
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Markets | | With a 100% rally from February 2019 through February 2020, many investors of blue-chip chip stock Nvidia (NASDAQ: NVDA) were surely popping bottles and congratulating themselves on the completion of a stunning recovery. From a previous all time high set in October 2018, shares had fallen more than ... Read the Full Story |
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Healthcare is going digital. And yet this is one case where technology is actually bringing back a little intimacy to the doctor-patient relationship.
I’m generally fascinated by the way events, such as the Covid-19 pandemic, bring about or provide a catalyst for trends that when we look at... Read the Full Story |
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Evenly Matched But One Is Clearly Winning
In my quest for the very best consumer staples investments for dividend-growth, I’ve matched two of the market’s most iconic brands. In the one corner is General Mills (NYSE: GIS) and the other Kellogg Company (NYSE: K). Both are well-known a... Read the Full Story |
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Shopify (NYSE: SHOP) continues to move higher on news of yet another paradigm-shifting partnership with Chipotle Mexican Grill (NYSE: CMG). The two companies are partnering to create a virtual farmer’s market. On June 30, Shopify announced that it would help create virtual storefronts for ch... Read the Full Story |
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The Early Bird Stock Of The Day Cencora, Inc. sources and distributes pharmaceutical products. The company's U.S. Healthcare Solutions segment distributes pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers; provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; packaging solutions to various institutional and retail healthcare providers; clinical trial support, product post-approval, and commercialization support services; data analytics, outcomes research, and additional services for biotechnology and pharmaceutical manufacturers; pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, and other products to the companion animal and production animal markets; and sales force services to manufacturers. This segment also distributes plasma and other blood products, injectable pharmaceuticals, vaccines, and other specialty products; and provides other services to physicians who specialize in various disease states, such as oncology, as well as to other healthcare providers, including hospitals and dialysis clinics. Its International Healthcare Solutions segment offers international pharmaceutical wholesale and related service, and global commercialization services; distributes pharmaceuticals, other healthcare products, and related services to pharmacies, doctors, health centers, and hospitals primarily in Europe; and provides specialty transportation and logistics services for the biopharmaceutical industry. The company was formerly known as AmerisourceBergen Corporation and changed its name to Cencora, Inc. in August 2023. Cencora, Inc. was incorporated in 2001 and is headquartered in Conshohocken, Pennsylvania. | | View Today's Stock Pick |
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