Good MorningEquities rebounded on Wednesday despite signals the Fed will act more aggressively than the market is pricing in. The minutes indicate the FOMC is prepared to go beyond "tightening" to "restrictive" policy in order to tame inflation but is worried about risks to the system. The S&P 500 moved up to the highest level in over a week on the news and may move higher on Thursday but the index is not out of the woods. The market is still trading well below a key resistance target and there is a very important data point due out on Friday.
The PCE price index is due out tomorrow and could shock the market. The market is expecting signs of cooling and peaking but there is risk in that outlook. The bulk of CEOs reported rising inflation in their earnings reports this cycle and that does not suggest peaking or cooling for the consumer. A hot number will seal the deal on a "restrictive" policy change and heighten the risk of recession. Featured: Sell these "safe" blue chips immediately (Ad) 
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Healthcare | |
Global dental products provider Dentsply (NASDAQ: XRAY) stock has been plunging worse than the benchmark indices down (-34%) on the year. The maker of SureSmile clear dental aligner systems has diversified its portfolio with the acquisition of Byte and Propel Orthodontics. The Company admittedly h... 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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Technology | | There’s been something interesting happening with shares of conference call technology stock Zoom Video (NASDAQ: ZM) in recent weeks. Since the middle of May, their shares have popped more than 10%, while the tech-heavy Nasdaq index has barely managed to stay flat. Indeed, it was only last Fri... Read the Full Story |
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Markets | |
Why Did Big Lots Gain 12% Today? Short-Covering
We were pleasantly surprised to see shares of Big Lots (NYSE: BIG) up 12% but could not understand why until we saw the short interest. The stock has been in a downtrend for some time driven by dwindling analysts' sentiment, fear of slowing sales, ... 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 | |
Agilent Technologies Raises Guidance, So What?
Agilent Technologies (NASDAQ: A) had a good quarter in FQ2, and calendar Q1, but there is one glaring problem with the report. The company’s results are good, and the outlook is good, but it’s all priced into the stock, and the stock is ... Read the Full Story |
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Consumer Discretionary | |
Institutional Selling In Toll Brothers Reaches A Peak
The institutions have been net-sellers of Toll Brothers (NYSE: TOL) stock for the last 4 quarters and their activity reached a peak in Q2 2022. The institutions sold more than $0.500 billion worth of the stock in Q2, more than the previous tw... 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 Deflates In The Absence Of Stimulating Tailwinds
Dick’s Sporting Goods (NYSE: DKS) is a great example of a phenomenon we are observing in the market today. The company once supported and inflated by stimulus tailwinds and stay-at-home spending is deflating in th... Read the Full Story |
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Energy | |
Interest rates are moving higher yet remain historically low.
Persistent inflation and Fed action pushed the 10-year Treasury note yield above 3% earlier this month before it settled back down to the current 2.8%. Going way back to 1912, the benchmark 10-year has averaged just over 5%.
There a... Read the Full Story |
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Consumer Discretionary | |
Be Choosy When Buying Retail Stocks
Retail, especially apparel, is one of the hardest sectors to invest in because it can be, in many cases, among the hardest industries to profit in and that is increasingly true in the post-pandemic environment. While Abercrombie & Fitch (NYSE: ANF) has the... Read the Full Story |
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Technology | |
Next-generation Autotech semiconductor and software solutions provider Indie Semiconductor (NASDAQ: INDI) stock has fallen over (-60%) off its highs during the tech bear market. The Autotech winner continues to build a strong backlog transcending $2.68 billion. The global supply chain disruption l... Read the Full Story |
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Markets | |
Gym operator Planet Fitness (NASDAQ: PLNT) stock is in its own bear market trading down (-29%) for the year. The epicenter fitness gym industry has seen a rebound in business with the acceleration of COVID vaccines and boosters. Planet Fitness members grew to all-time highs of 16.21 million member... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Express, Inc. operates as a fashion retail company that offers apparel and accessories in the United States and Puerto Rico. The company sells its products under the UpWest and Express brands for men and women through its retail and factory outlet stores; express.com, an online store; and Express mobile app, as well as franchisees Express locations in Latin America. The company was formerly known as Express Parent LLC and changed its name to Express, Inc. in May 2010. Express, Inc. was founded in 1980 and is headquartered in Columbus, Ohio. | | View Today's Stock Pick |
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