Good MorningEquities broke out of a downtrending channel to the downside last week in evidence of mounting fear about the economy. The FOMC was forced to hike rates by 75 basis points in what some would call a surprise move. Others, however, would say the FOMC is still behind the curve and that at least one more if not two more 75 basis point hikes were needed. Regardless of the pace, the takeaway for the market is that inflation is still out of control and aggressive rate hikes are making the cost of business more expensive. In this scenario, economic activity can be expected to contract and there is evidence of that already. The Index of Leading Indicators fell for the second month by -0.4% suggesting an economic recession is already in play.
This week will be a hurdle for the market because of how little new information is set to be released. On the economic front, there are only two data points due out and both are from the housing sector. On the earnings front, there are only a handful of confirmed reports and very few from companies other than home builders. Featured: Move Your Money Here Before August 31st (Ad) 
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Consumer Discretionary | |
A Good Defense Is The Best Offense For These Times
There is so much uncertainty in the air the only thing we can be certain of is the economic conditions will not be the same this fall as they were last fall. If supply chain improvements materialize if inflation gets under control if job growth ... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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Energy | |
Energy demand continues to remain robust, and with the global economic backdrop, energy-related stocks that provide a dividend yield could help your portfolio mitigate some of the adverse effects of the current inflationary environment and market volatility.
Midstream companies primarily benefit... Read the Full Story |
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Consumer Discretionary | |
Lennar Reveals Signs Of Slowing In The Housing Industry
Lennar (NYSE: LEN) reported a fantastic 2nd quarter but there are signs with the report that makes us think we’ve reached a peak in the housing market. The company’s New Orders and Backlog suggest that not only are sales slowing... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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Healthcare | | Medical diagnostic lab company Quest Diagnostic (NYSE: DGX) stock has been performing relatively stronger than the benchmark indices down only (-20%) on the year. The Company was a benefactor of the pandemic processing COVID test results, but volumes are falling as COVID wanes amidst mass vaccinatio... Read the Full Story |
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Technology | |
It’s Not A Good Time To Buy Adobe
The 27 analysts covering Adobe (NASDAQ: ADBE) still rate it a solid Buy but we don't think now is the time to start buying. While the Buy rating has held firm over the last year the Marketbeat.com consensus price target is slipping. Details within the Q2 e... Read the Full Story |
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Markets | | Online pet products and services platform Chewy, Inc. (NASDAQ: CHWY) stock has fallen (-50%) in the 2022 bear market. The pet category was bolstered during the pandemic lockdowns as more people became pet owners. This was a boon to Chewy’s online platform. This is evident by the fact that near... Read the Full Story |
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Consumer Discretionary | |
The price-to-earnings, or P/E ratio, is the best-known valuation metric in the investment community. It intuitively tells how a stock is valued in the market relative to past or future profits.
Yet despite its usefulness and broad appeal, it doesn’t always tell the whole story. That’... Read the Full Story |
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Technology | |
Major Shareholders Double-Down On High-Yielding Stocks
The market has been in a major correction driven by mounting fear of recession, margin compression, and earnings growth slowdown but, in many cases, the baby has been thrown out with the bathwater. This has resulted in some great buys, parti... Read the Full Story |
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Consumer Staples | |
Target, Taking The Bull By The Horns
When Target (NYSE: TGT) warned the market its Q2 earnings could fall short it was dire news for the market. The idea that inventories were bloating, sales were slowing, and a new era of discounting is upon us can only mean one thing; tighter margins. The cave... Read the Full Story |
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Energy | |
The Q2 Season Could Be A Turning Point For The Market
The outlook for the Q2 earnings reporting season is about as cloudy as it could be. Between uncertain supply chain improvement, wildly out-of-control inflation, rising energy prices, and an aggressive FOMC there is a real chance the season co... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in oil sands mining. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada; and marketing and risk management of crude oil and natural gas. The Refining and Marketing segment engages in the refining of crude oil products; and distribution, marketing, transportation, and risk management of refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment is also involved in the trading of crude oil, refined products, natural gas, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada. Suncor Energy Inc. | | View Today's Stock Pick |
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