Good MorningThe S&P 500 continued to rebound on Thursday despite the growing threat of inflation. A less hawkish than expected FOMC statement on Wednesday and a better-than-expected read on the Index of Leading Indicators Thursday helped to drive the move. While the FOMC indicated that tapering would start soon, the committee still does not seem in a hurry to make that move despite the growing threat of inflation.
On the inflationary front, reports from several S&P 500 companies this week indicate inflation continues to rise and will continue to rise at least until the end of the year. Next week, the market’s focus will turn to a raft of economic data to include the ISM’s gauge of manufacturing and services economies along with the Chicago PMI and the first revision to second-quarter GDP.
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Consumer Discretionary | |
Darden Restaurants Exceeds All Expectations
Darden Restaurants’ (NYSE: DRI) fiscal Q1 earnings results reminded us that not all S&P 500 companies are the same. While the headwinds of inflation are blowing strongly through the market, Darden has been able to outperform on all metrics whe... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Technology | |
Investors have differing opinions about the value of sell-side research. Some swear by it, while others prefer to build their investment thesis around other tenants. There are certainly cases to be made for both positions.
What’s less contentious is that Wall Street analysts are the best re... Read the Full Story |
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Consumer Staples | |
Central Garden & Pet (NASDAQ:CENT) is not your garden variety consumer defensive stock. In recent years, the company has demonstrated a unique ability to go on offense by capitalizing on not one but two growing industries.
With exposure to the surging pet products industry as well as the heal... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Communication Services | |
The plight of AT&T (NYSE: T) evokes some truths about human nature and investor sentiment. For years, AT&T was criticized for wandering far afield from its core wireless business. This was particularly troubling as competitors such as Verizon (NYSE: VZ) and T-Mobile (NASDAQ: TMUS) passed t... Read the Full Story |
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Markets | |
Decades of research show the benefits of asset allocation using index funds. But new research suggests that many active strategies outperform over time, even after fees are taken into account.
Asset managers including John Hancock and Morgan Stanley have researched the active vs. passive question... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Markets | | BlackBerry (NYSE: BB) stock is adding to its gains after gapping up following a positive earnings report. The company beat expectations on both the top and bottom lines. Over the next couple of weeks, investors will get a chance to see if the report is enough to move the needle with analysts.
How... Read the Full Story |
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Markets | | Data storage solutions company Western Digital (NYSE: WDC) stock has been collapsing since peaking at $78.19. The provider of data storage products had shares collapse even harder after rumors of a merger with the world’s second-largest NAND flash memory chip maker Kioxia may fall through as K... Read the Full Story |
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Healthcare | | Biosimulation software and technology firm Certara (NASDAQ: CERT) stock is granting pullbacks for prudent investors to gain exposure. The firm provides biosimulation for drug discovery, research, regulatory submissions, and market access utilizing its predictive data analytics. It enables clients to... Read the Full Story |
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Communication Services | | Even though the overall market has been flashing some warnings signs lately, that shouldn’t keep investors from initiating positions in quality growth stocks with strong upside potential. It’s been interesting to track the names that have held up the best during the last few weeks of mar... Read the Full Story |
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Consumer Discretionary | |
KB Home Is Another Brick In The Wall Of Worry
It's no surprise that KB Home (NYSE: KBH) reported systemic headwinds were impairing its results. A report from Lennar only a few days earlier says the same thing, as do reports from a slew of other S&P 500 companies. While the long-term outlook r... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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