Good MorningThe markets continue to drift higher in the face of rising risks. The S&P 500 advanced about 0.25% on Wednesday and set another new all-time high. The move was bolstered by a better than expected durable goods figure that points to continued economic expansion in the second half of the year. Among the day’s leaders are hospitality and leisure stocks which gained from 1% to 7% in the wake of Johnson&Johnson’s COVID vaccine approval. Chipmakers were also among the days leaders after a wave of good news from within the sector.
Market action may begin to heat up on Thursday as traders get ready for Jerome Powell’s keynote speech on Friday. The speech, delivered to the Jackson Hole Conference, may shed light on the Fed’s next steps. If the Fed chief can reassure the market the FOMC has inflation under control it could be “off to the races” for the stock market.
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Markets | |
My husband and I have tussled over whether to have him contribute to a traditional 401(k) or Roth 401(k) more times than I can count.
"We'll be in a lower tax bracket when we retire."
"Who knows what the government will do by then?"
Does anyone else have these uh… fun discussions?
Roth... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Healthcare | | If you are looking for a sector in the market that has been delivering strong performance this quarter, is not tied to the booms and busts of economic cycles, and has plenty of room to grow over the years, the medical devices sector deserves your attention. These are companies seamlessly combining t... Read the Full Story |
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Communication Services | | Digital video fitness and self-improvement lifestyle platform operator Gaia (NASDAQ: GAIA) stock has been selling off as the reopening trend continues to gain steam. The provider of digital subscriptions for its yoga, transformation, alternative healing and awareness services, and online community h... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | |
Nordstrom Fails To Impress The Market With Q2 Results
Don't get us wrong, Nordstrom (NYSE: JWN) had a great quarter just one that failed to impress when compared with the industry peers. While strong tailwinds continue to blow through the industry, consumers have voted with their dollars and thos... Read the Full Story |
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Consumer Discretionary | | Speaker and audio products maker Sonos, Inc. (NASDAQ: SONO) stock has been a strong performer in 2021 as it rides multiple tailwinds to new highs. The maker of home audio products has been on a tear as a near-perfect storm of tailwinds produced extensive top and bottom line gains. The Company was a ... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | |
Dick's Sporting Goods Rockets Higher On Blowout Results
Dick's Sporting Goods (NYSE/DKS) is a pandemic winner that just keeps on winning. The company reported a grand slam quarter in which top and bottom-line results beat the consensus, the company raised its guidance, and a respectable special d... Read the Full Story |
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Consumer Discretionary | |
Another Good Quarter For Advance Auto Parts
Advance Auto Parts (NYSE: AAP) gave the market almost everything it could want with the Q2 earnings report, including a buying opportunity. Price action fell in pre-market trading but buyers were ready to scoop up the bargains and have sent driven share... Read the Full Story |
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Markets | | You may be a victim of the psychological phenomenon of loss aversion without even realizing it.
Have you ever wanted to guard your money instead of "risking it" in the markets? Have you ever held onto stocks even though they're major losers and unlikely to come back — all because you can't st... Read the Full Story |
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Markets | |
Rent-to-own retailer Rent-A-Center (NASDAQ: RCII) is working on a first-stage base after resetting its base count in June.
The stock is forming a textbook cup-with-handle pattern. At this juncture, a potential buy point is above the handle’s high of $65, reached on August 13.
Shares are ... Read the Full Story |
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Consumer Discretionary | | One could argue that investors are currently experiencing the golden age of growth investing. With so many exciting new companies to choose from and plenty of businesses delivering rapidly accelerating earnings or sales growth, market participants are almost spoiled for choice when it comes to findi... Read the Full Story |
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The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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