Good MorningThe markets continued the glass half-full narrative that continues to lift equities. All the major indexes finished the day in positive territory. The best news came from the Dow and S&P 500 which surged to all-time highs.
This was despite a GDP report that showed the U.S. economy grew at an annual rate of 6.5%, below the 8.5% that analysts had forecast. However, for now, investors are putting more weight on robust consumer spending and business investment and less emphasis on the decrease in inventories which points to continued weakness in the global supply chain.
In other news, Amazon missed on revenue and saw its stock drop 5% in after-hours trading. Investors will look to see if there’s an “Amazon effect” when markets open on Friday.
Featured: Could the Feds Freeze Your Bank Account? (Ad) 
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Communication Services | | The much-awaited Q2 earnings of Facebook (NASDAQ: FB) hit the wire shortly after the bell rang to end Wednesday’s session. With shares of the social media giant have hit fresh all-time highs in the run-up to the release, Wall Street and Main Street alike were keen to see if the numbers justifi... Read the Full Story |
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From Our Partners | | Right now, your phone is recording exactly where you are. It does this roughly every two minutes. Precise coordinates. Stored on corporate servers. For years. Your church. Your doctor. Your home. Your habits. The most complete map of a human life ever assembled… and for years, the government could simply ask for it.
On June 29th, the Supreme Court said: no more. In a landmark 6–3 ruling, your digital life now carries the same constitutional protection as your home. The Founders would be proud. But they'd also notice what's still exposed… Your money.
That’s why this ruling has actually opened the door to a tremendous opportunity. Because while the courts just ruled on our freedoms, technology needs to enforce the ruling. | | Get the Freedom Coin report (proceeds from the guide go to veterans). |
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Technology | | NVIDIA (NASDAQ:NVDA) has certainly been one of the market leaders in recent years when it comes to chip stocks. It’s the type of company involved in some of the most exciting and innovative industries globally, and with a global semiconductor shortage boosting demand for NVIDIA’s product... Read the Full Story |
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Markets | |
When you've amassed $1 million or more or earn a high income, you might get to a place where you feel… comfortable. You might even think, "I deserve X because I've worked hard." Or, worse: "The same money rules don't apply to me like they do for everyone else."
That can result in some dang... Read the Full Story |
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From Our Partners | | SpaceX shed nearly 1 trillion dollars in market value within two weeks of its June IPO. It is not alone: Cerebras fell 42 percent in six weeks, Uber dropped 40 percent in six months, and Robinhood collapsed 85 percent in five months.
The pattern is consistent. Buying IPO hype on day one has repeatedly cost investors, while early access before a company goes public has been the more reliable path.
One analyst has identified a major AI company preparing for its IPO and a way to get positioned early. | | Click here to see the pre-IPO opportunity now |
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Consumer Staples | |
Hershey’s (NYSE:HSY) delivered another solid quarter of earnings on July 29. That is pushing HSY stock back to its all-time high set earlier in July. At this point, it’s likely that the stock will accomplish the milestone. However, it’s also likely that, in terms of stock price g... Read the Full Story |
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Consumer Staples | |
The party is back on if you use Anheuser-Busch InBev (NYSE: BUD) second-quarter sales as your benchmark.
However, investors were in no mood for celebration, sending shares of the world’s biggest brewer lower following Thursday’s earnings report.
The stock gapped down at the open, as... Read the Full Story |
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From Our Partners | | You don't need to be an AI expert to know the name Claude…. It's one of the handful of AI companies that's actually become a household name, right up there with ChatGPT. Built by Anthropic, backed by billions, and reportedly about to go public in October at a valuation that could hit $2 trillion.
That kind of brand recognition is exactly why this IPO is about to be one of the most hyped events of the year. Which is exactly the problem.
The IPOs everyone recognizes are usually the worst ones for retail investors to buy into. Ask anyone who bought SpaceX at the open (another instantly recognizable name) and watched it fall more than 50% right after. We've identified the coin we believe is positioned to catch the wave of institutional capital once it rotates out of Anthropic's IPO. Full report, name included, for just $3. | | Discover the “rotation asset” we believe could skyrocket after the Anthropic (Claude) IPO. |
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Finance | |
Give credit where credit’s due: Mastercard (NYSE: MA) topped Wall Street expectations for the second quarter Tuesday. Rival Visa (NYSE: V) also exceeded views in its report earlier in the week.
Mastercard earned $1.98 per share, up 43% from the year-ago quarter. Revenue was $4.5 billion, a... Read the Full Story |
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Materials | | Global aluminum and materials products maker Alcoa (NYSE: AA) stock has been a stronger performer in 2021 representing the skyrocketing demand in materials. It’s a key benefactor from the U.S. infrastructure and the green wave. Aluminum is a key component of the green transition which is causi... Read the Full Story |
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Materials | | There’s nothing like getting a bargain on a quality company that could deliver strong returns for your portfolio over the long term. Successfully identifying a stock that the market is undervaluing is immensely satisfying if your investment ends up working out in your favor. The only issue is ... Read the Full Story |
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Healthcare | |
With U.S. stocks rallying to fresh record highs this year, many individual stocks are doing the same. But it hasn’t been a good year for everyone.
Take the large-cap S&P 500, which has already eclipsed last year’s 16% return with five months left to go. All but about 12% of the be... Read the Full Story |
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Industrials | |
iRobot Pulls Back Into A Buying Opportunity
iRobot (NASDAQ: IRBT) has confirmed the market’s fears and more. The company reported a fantastic quarter but one that was severely impacted by the global chip shortage and systemic supply chain challenges. Not only that, the company's guidance wa... Read the Full Story |
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The Early Bird Stock Of The Day Welltower Inc. (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. | | View Today's Stock Pick |
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