Good MorningEquity markets pulled back on Thursday despite better than expected economic data. Not only did the retail sales data for August come in well above consensus but the Philly Fed’s Manufacturing Business Outlook Survey echoed the Empire State manufacturing report from earlier this week by coming in nearly double the expectations. On the retail front, retail sales rose 0.7% for the month versus an expected decline and are up 15% from last year. On the manufacturing front, an increase in orders, deliveries, and a decline in customer inventories all point to solid activity in the second half of the year.
Next week, investors will turn their focus to the FOMC. There are a few economic reports on tap but the FOMC meeting will be the most important event of the week. The committee is not expected to alter its policy but it could shock the market with a more hawkish than expected stance.
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Technology | | They say that semiconductors are the heartbeat of the tech sector, which is why it's nice to see that semi stocks have been holding up well during the recent market pullback. The ongoing chip shortage should benefit the majority of these companies for the foreseeable future, while demand is expected... 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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Markets | |
These Are 2 Underappreciated eCommerce Stocks
The August retail sales figures were remarkably strong versus the expectations and prove the resiliency of the US economy. Within that, eCommerce sales didn't grow quite as strong as they could have but that's only versus the analyst expectations. Th... Read the Full Story |
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Markets | |
It's really easy to pepper your thoughts with detrimental excuses about not saving for retirement. Have you heard yourself say the following — even if you just say them in your head?
"I don't have time to figure out how to save for retirement." You tell yourself you'll do it later. Then,... 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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Technology | | There’s no such thing as a “one-size-fits-all” strategy that works for all investors, which is why it's important to explore a few different options to pick and choose what works best for your individual personality. One stock picking strategy that stands out for investors who are ... Read the Full Story |
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Energy | |
The Analysts Are Getting Bullish On Natural Gas Stocks
With natural gas prices hitting another seven-year high, the analysts have begun to turn their attention to natural gas stocks. Based on the fundamentals, it looks like natural gas prices will remain high if not continue to rally in the near... 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 | |
In what has been another magical year for U.S. stocks, there has been broad participation in the record setting run. All 11 S&P 500 sectors are up year-to-date led by groups that were the hardest hit during the pandemic-led bear market. The energy, real estate, and financial sectors have all a... Read the Full Story |
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Finance | | Companies that offer buy now, pay later services to consumers are catching a major bid in the market at this time and might just be the next big thing in fintech. If you aren’t familiar with this new take on consumer lending, it’s a form of short-term financing the helps consumers make p... Read the Full Story |
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Communication Services | | iGaming marketing company Gambling.com (NASDAQ: GAMB) stock recently nearly doubled on the sports betting momentum. Shares have since been pulling back. The Company operates iGaming and sports betting marketing sites like Gambling.com and Bookies.com to attain referral revenues much like a Trivago (... Read the Full Story |
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Industrials | | Electric and gas infrastructure contractor Quanta Services (NYSE: PWR) stock has been surging on being a big benefactor of infrastructure spending. The modernization and hardening of power grids play favorably into the core services offered by Quanta. Shares have hit a perfect storm of sorts with po... Read the Full Story |
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Consumer Staples | |
A Major Downgrade Weighs On Beyond Meat
Piper Sandler just issued a major downgrade on Beyond Meat (NASDAQ: BYND) that is weighing heavily on share prices. The analysts say that channel checks reveal Q3 and Q4 revenue will likely come in below the consensus estimate but we’re not so sure. B... 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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