Good MorningEquities steadied on Tuesday but don't read too much into the news. The S&P 500 gained about 1% at the high of the day but is still trading below an important resistance target. The move is just another in a series of lackluster movements that suggest a wait-and-see attitude in the market. The wait-and-see attitude is due to an expected economic release and the FOMC, either of which could send the market reeling. The economic release is the CPI data on Friday which is the last inflation report before the FOMC meeting next week. The data is expected to be hot and will most likely intensify the expectation for FOMC action.
In other news, Target warned the market about record-high inventory levels and the need for aggressive actions of its own. The news should come as a warning for the entire S&P 500 because they've all been working hard to alleviate supply chain disruptions this year and that could result in oversupply at all levels. Featured: The next trillion-dollar shift in finance (Ad) 
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Technology | |
Key intro points for Asana:
-Revenue came in at $126 million, increasing by 57% year over year.
-Company had 126,000 paying customers at the end of the quarter
-Number of customers spending over $5000 grew by 48% year over year, to 16,689.
-The number of customers spending over $50,000 increas... Read the Full Story |
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From Our Partners | | The Fed just changed hands, and Reagan Gold Group says there may be a short window before the impact shows up in the dollar and inflation.
Their free guide explains what the new 'Warsh Fed' could mean for retirement savings and why some Americans are exploring Gold IRAs now, ahead of the next wave of dollar pressure. | | Get the free guide from Reagan Gold Group before the window closes |
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Consumer Discretionary | |
Thor Industries Delivers Heavenly Results
Thor Industries (NYSE: THO) has been a leader in the RV industry since well before the pandemic began and it has only cemented its position in the time since. The Q3 results prove that pandemic tailwinds continue to blow for this company and have it set u... Read the Full Story |
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Technology | | Summer concert season is here. Your favorite band takes the stage, the volume gets cranked up, and the crowd goes crazy.
The same goes for stock trading. When volume rises, the masses take notice—and the party often continues.
Yes, vacations and three-day weekends often lead to low volume da... Read the Full Story |
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From Our Partners | | Gold trades near record highs while silver just topped $81 an ounce for the first time ever.
Thousands of Americans use Gold IRAs to diversify retirement savings amid rising national debt. The free 2026 Beginner's Guide to Gold IRAs covers top advantages, penalty free 401k rollovers, and simple steps to get started. | | Download the free Beginner's Guide to Gold IRAs now |
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Consumer Discretionary | |
The Bottom Is In For Academy Sports + Outdoors
The insiders have been buying Academy Sports + Outdoors (NASDAQ: ASO) this year but don’t read too much into that statement. Three insiders including two directors and one CEO made purchases in Q1 and Q2 that amount to less than 0.5% of the ma... Read the Full Story |
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Technology | |
From consumer spending to corporate earnings, inflation is impacting seemingly every aspect of the global economy.
So it’s not surprising that elevated prices are affecting stock valuations too.
Historically, when inflation flares up, equity price-to-earnings (P/E) ratios go down. When in... Read the Full Story |
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From Our Partners | | If you have $2M or more saved, the 4% rule points to roughly $92,000 a year - but it's a single-variable answer to a multi-variable problem. Withdrawal sequencing, sequence-of-returns risk, Roth conversion timing, and legacy goals can all shift your real number significantly.
Research from Vanguard suggests advisor best practices - covering allocation, rebalancing, tax management, and behavioral coaching - may add roughly 3% in net annual return potential. Morningstar's 2025 data shows the average investor return gap is 1.2% per year due to mistimed buying and selling.
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Communication Services | |
Snap Inc: (NYSE: SNAP) is in a perilous situation by its own admission. During the company’s Q1 earnings call, executives stated that the macro headwinds that have gripped the broader market will continue to affect the company during this quarter and will possibly deteriorate further. Some o... Read the Full Story |
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Communication Services | |
Video game maker Take-Two Interactive Software (NASDAQ: TTWO) stock has rallied off its lows of $101.85 but still trades down (-28%) on the year. The publisher of the infamous Grand Theft Auto series guided down fiscal 2023 EPS and net bookings. Net bookings are the net amount of products and serv... Read the Full Story |
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Industrials | |
It’s been a challenging year for most software stocks.
Concerns about IT budgets being pared back amid rising global economic uncertainty have slashed software company market values in 2022. Those that are unprofitable have seen the most dramatic recalibrations.
Thankfully, the worst may ... Read the Full Story |
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Markets | |
Passive income may sound like a dream, and it does seem like a beacon of light to many investors.
Earning money while you sleep gives you a sense of peace, comfort and a bit of a financial cushion as long as you sink your money into the right types of investments. You can use dividend stocks to a... Read the Full Story |
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Consumer Discretionary | |
Dave & Busters Surpasses 2019 Results, Shares Pop
After a year of uncertainty, it looks like the Dave & Buster’s Entertainment (NASDAQ: PLAY) recovery is gaining momentum. The company reported revenue total revenue and comps well above the 2019 levels which bring us to an important... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Steven Madden, Ltd. designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel in the United States and internationally. It operates through Wholesale Footwear, Wholesale Accessories/Apparel, Direct-to- Consumer, and Licensing segments. The Wholesale Footwear segment designs, sources, and markets various products, including dress shoes, boots, booties, fashion sneakers, sandals, and casual shoes under the Steve Madden, Dolce Vita, Betsey Johnson, Blondo, GREATS, and Anne Klein brands. The Wholesale Accessories/Apparel segment offers handbags, apparel, small leather goods, belts, soft accessories, fashion scarves, wraps, gifting, and other accessories under the Steve Madden, Anne Klein, Betsey Johnson, and Dolce Vita brands. The Direct-to-Consumer segment operates Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores and concessions, and digital e-commerce websites. The Licensing segment engages in the licensing of the Steve Madden and Betsey Johnson trademarks for the sale of select apparel, accessory, home categories, and other non-core products. In addition, the company distributes its products in the wholesale channel through department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. Further, it markets its products and services through digital brand marketing, social media and influencer marketing, experiential events, in-store and online promotions, and public relations. The company was incorporated in 1990 and is headquartered in Long Island City, New York. | | View Today's Stock Pick |
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