Good MorningThe S&P 500 pulled back on Tuesday entering another correction. The question on the minds of traders now is whether this is a small “C” correction or an upper case “C” Correction. If this is a lowercase “c” correction, the market will likely find support within the next day or two, begin regrouping, and then resume the uptrend sometime next week. If this is a capital “C” Correction the market could drop another 1900 basis points or down to levels not seen since October and November 2020.
The reason for the move is simple, increasing signs of peak recovery and an unexpected slowdown in economic activity. The latest evidence is retail sales figures for July, retail sales fell -1.1% versus the -0.1% expected by the analyst confirming weakness foreshadowed by the consumer confidence figures. If the data continues to come in a week the S&P 500 is due for a big revaluation that could easily drive share prices down a full 20% from the recent highs.
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Communication Services | | Factual content streaming provider CuriosityStream (NASDAQ: CURI) stock is a content winner in the streaming wars. While the major streaming services are always on the hunt for compelling content and blockbuster motion pictures, factual and documentary content is gaining steam. This whole genre of c... Read the Full Story |
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From Our Partners | | BioStem Technologies (NASDAQ: BSEM) just completed its Nasdaq debut, and hospital revenue already makes up about 87% of first-quarter sales.
The BioTissue acquisition added the Neox and Clarix portfolios and GPO relationships, while the direct sales team grew from 18 to 35 reps in a single quarter.
A peer-reviewed trial found a 53% complete wound closure rate with BioREtain allografts versus 31% for standard care, backing coverage from Zacks Small-Cap Research and H.C. Wainwright. | | Discover how BSEM is building out its regenerative medicine platform |
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Technology | |
Once upon a time, you had to buy stocks if you wanted to invest in the stock market. Then Jack Bogle, the founder of Vanguard, introduced the first indexed mutual fund in 1975. Then exchange-traded funds (ETFs) came on the scene, which are indexed to a broad market or a sector but trade daily like... Read the Full Story |
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Consumer Staples | |
Walmart Proves It's Not Your Average Retailer
Walmart (NYSE: WMT) just proved, again, that it is not your average retailer. While the average retailer has seen its sales flatten or decline over the past few months, Walmart sales have been steadily rising. Not only is the company still benefiting ... Read the Full Story |
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Markets | |
The American consumer is responsible for roughly two-thirds of economic activity. This means that healthy consumer spending levels are the primary driver of U.S. economic growth.
Sales of a wide range of goods and services have brought the economy back to its feet after the pandemic wreaked havoc... Read the Full Story |
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Consumer Discretionary | | Chipotle Mexican Grill (NYSE: CMG) is trading in a potentially bullish tight formation after zipping 11.54% following the company’s strong second-quarter earnings report last month.
Earnings increased to $7.46 per share, up from $0.40 per share a year ago, during the Covid-battered second qu... Read the Full Story |
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From Our Partners | | Unitree's IPO grabbed headlines, but a handful of already-public robotics companies have been quietly delivering results that look nothing like hype.
One robotics-and-testing firm grew quarterly revenue from $686 million to $1.282 billion year over year and broke out above a $422.11 buy point. A warehouse robotics company exited the quarter with a $22.7 billion backlog and $2.0 billion in cash with no debt. A robotic surgery leader placed 431 systems in a single quarter. | | Get the free robotics stock report now. |
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Consumer Staples | | With volatility rearing its ugly head again in equity indices this week, it’s a good idea for investors to refresh their playbook for tumultuous market conditions. Although dips continue to be bought with the market trading at or near record highs, the poor market breadth should probably have ... Read the Full Story |
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Markets | |
Shares of XpresSpa Group (NASDAQ:XSPA) stock are dropping after the company reported mixed earnings. Revenue was up significantly from the prior quarter. However, the company delivered negative four cents per share as opposed to the negative three cents per share that were forecast.
If you&rsquo... Read the Full Story |
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Consumer Staples | |
Grocery chain operator Albertsons (NYSE: ACI) stock has been hitting all-time highs thanks to the boost in food inflation. The Company is growing with five new stores and 33 upgraded remodeled projects. Albertsons also added 320 new Drive Up & Go (DUG) locations in fiscal Q1 2021 for a total o... Read the Full Story |
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Markets | |
Shares of Romeo Power (NYSE: RMO) dropped over 11% after the company delivered a disappointing earnings report. The company was already projecting slower revenue growth due to the global chip shortage. However, investors seem to be alarmed by the extent to which the company missed.
The company ... Read the Full Story |
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Communication Services | |
Roblox, When Great Isn't Good Enough
Roblox (NYSE: RBLX) has been a fairly high-profile company this year. The company operates a gaming platform that services both developers and gamers that it calls the metaverse. The metaverse empowers the use of virtual reality by connecting media of all vari... Read the Full Story |
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The Early Bird Stock Of The Day Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting. The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities. The Minerals segment is involved in mining and processing of borates, titanium dioxide feedstock, and iron concentrate and pellets; diamond mining, sorting, and marketing; and development projects for battery materials, such as lithium. It also owns and operates open pit and underground mines; and refineries, smelters, processing plants and power, and shipping facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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