Good MorningEquity markets began pulling back on Thursday despite what has been much better than expected earnings from the vast majority of S&P 500 companies. Investor sentiment soured in the face of hotter than expected inflation data and testimony from FOMC chief Jerome Powell. The combination has the market wondering if an interest rate hike might come this year although the Fed seems committed to its dovish stance. If so it would drastically alter the economic Outlook.
Friday's trading may be volatile because there are few economic data points or earnings releases to drive trading action. Next week, things will be different as the peak of earnings season gets into full swing. Reports from Netflix, Chipotle Mexican Grill, and the Boston Beer Company will be closely watched for signs of strength or weakness within the economy. There are few economic reports due next week that include key reads on the housing sector and the Index of Leading Indicators.
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Real Estate | |
As businesses increasingly rely on the cloud for document storage, companies like Iron Mountain (NYSE: IRM) are capitalizing on the shift away from paper.
A couple of years ago, when I was moving out of a house, I had a junk hauler remove some items I no longer needed, including a metal file cabi... Read the Full Story |
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From Our Partners | | Berkshire Hathaway's new CEO began his career at a small power company in the California desert - one tied to what analyst Whitney Tilson calls Project Vulcan.
The energy source runs continuously, needs no fuel deliveries, and just secured US tax credits through 2033. Its first commercial-scale plant is set to go live as soon as October. | | See Whitney Tilson's three investment ideas tied to this trend |
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Markets | | Internet of Things (IoT) software and services provider Bsquare (NASDAQ: BSQR) stock has been a meme stock momentum mover. Bsquare has been a Microsoft (NASDAQ: MSFT) Embedded IoT partner since 1997. The Company helps enterprises build intelligent IoT systems. Bsquare is an underfollowed company tha... Read the Full Story |
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Consumer Discretionary | |
After being range-bound for about five months, McDonald’s (NYSE:MCD) stock broke to the upside in a big way in March 2021. The stock has flattened in the last month but it’s still close to its all-time high. With a new earnings report on the horizon, it’s time for investors to de... Read the Full Story |
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From Our Partners | | The last time America reset its money, it minted 1,300 new millionaires a day. Porter Stansberry believes Executive Order 14241 could trigger something even bigger.
In a new documentary, Stansberry names five assets to watch before America's new dollar rolls out and explains why the U.S. government is buying stakes in small mining companies, a move not seen since World War II.
He also points to a December gathering of world leaders at a Trump resort in Miami that could reveal the new dollar to the world. | | Watch the free documentary on Trump's new dollar now |
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Technology | | Next-generation autotech semiconductor and software solutions provider Indie Semiconductor (NASDAQ: INDI) stock has been selling off since its reverse merger IPO as a publicly listed company. The maker of system on a chip (SoC) platforms enables automobiles to accommodate next-gen megatrends such as... Read the Full Story |
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Communication Services | | Chinese global trade platform Powerbridge Technologies (NASDAQ: PBTS) stock has started to breakout on heavy volume as a meme stock. This small-cap stock provides software and technology solutions to companies engaged in global trade operations in China. The geopolitical tensions in the backdrop bet... Read the Full Story |
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From Our Partners | | Elon Musk quietly filed a document with the federal government tied to artificial intelligence, one of the largest markets in the world.
James Altucher, who previously flagged Nvidia in 2008 and Bitcoin in 2013, says the filing could rival Tesla, SpaceX and xAI combined.
Few investors know this filing exists, but that is expected to change quickly. | | Click here to see details on Elon Musk's newest AI filing |
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Markets | |
It's hard to know exactly which type of retirement vehicle makes sense for your needs. (I used to work in higher education, and believe me, they pushed annuities hard.)
However, if you worry about running out of money in retirement, you may want to consider a longevity annuity. Let's explore whe... Read the Full Story |
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Healthcare | |
UnitedHealth Is A Buy On Post-Earnings Weakness
Shares of UnitedHealth (NYSE: UNH) are down in the wake of the Q2 earnings release but this is an opportunity for investors to get some more of these shares at a discounted price. The move is driven, in our opinion, by the expected year-over-year de... Read the Full Story |
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Industrials | |
Shares of Delta Air Lines (NYSE:DAL) are up nearly 4% in mid-morning trading. This means that the stock has recovered all the losses it sustained after reporting what was broadly seen as a solid earnings report.
One reason why Delta’s report received a muted reaction was that the headline... Read the Full Story |
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Industrials | |
Buy Cintas On Post-Earnings Weakness
Trading at 37 times its earnings and yielding less than 1%, Cintas (NASDAQ: CTAS) is certainly overvalued when compared to the broad S&P 500. What those numbers don't tell you is that this company has returned to pre-COVID revenue levels, has an outlook f... Read the Full Story |
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Markets | |
It’s been a bumpy ride for Silk Road Medical (NASDAQ:SILK) this year. Since climbing above $75 late last year, the stock has retreated more than 40%. Yet with a huge growth opportunity ahead in the treatment of carotid artery disease, investors may want to take a closer look at this medical ... Read the Full Story |
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The Early Bird Stock Of The Day ExlService Holdings, Inc. operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform. In addition, the company offers health care services related to care management, utilization management, disease management, payment integrity, revenue optimization, and customer engagement. Further, it provides financial planning and analysis, management reporting, forecasting and decision support, data management, regulatory reporting and risk, and compliance services; reservations, customer, and fulfilment services; freight billing, collections, claims management, freight audit, freight scheduling, supply chain management, and revenue assurance services; residential mortgage lending, title verification and validation, retail banking and credit cards, trust verification, commercial banking, and investment management; merchandising, pricing, and demand forecasting; and digital operations and solutions. The company offers predictive and prescriptive analytics in the areas of customer acquisition and lifecycle management. ExlService Holdings, Inc. was founded in 1999 and is headquartered in New York, New York. | | View Today's Stock Pick |
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