Good MorningEquities continue to hover in the range of 4,100 to 4,200 and below a key resistance target. The market is having a hard time gaining traction following the previous week's rally and the risk is to the downside. The S&P 500 is well into a major reversal that could easily take it back to the 3,000 level or lower. The reversal is caused by the rapid end to over a decade of easy money policy that was capped off by trillions in COVID-related stimulus that has inflation running at record levels. With inflation at record levels, stimulus no longer juicing the economy, and aggressive FOMC rate hikes on the table, the S&P 500 are in for a tough haul over the next few quarters to two years.
If the real estate market is a leading indicator of the economy it gave the market another reason to fret on Tuesday. Applications for mortgages fell to the lowest level in 22 years and point to a contraction in the housing market. The bad news is that this will amplify the negative effects of higher rates and inflation, the good news is the real estate market should normalize during the correction as homebuilders increase inventory. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Auto/Tires/Trucks | |
Chargepoint Opening Points:
-Revenue increased by 102% Y-o-Y.
-Network charging revenue grew by 122% and subscription revenue grew by 63%.
-Chargepoint has over 188,000 total charging stations across North America and Europe.
Chargepoint (NYSE: CHPT) is an American electric infrastructure comp... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Markets | |
It Is Not Too Late To Buy Energy Stocks
If you are wondering about oil prices, the energy market, and whether it's too late to buy Energy Stocks (NYSEARCA: XLE) we’re here to tell you no. Absolutely not. There are too many fundamentally bullish factors at play that we see Energy Stocks lea... Read the Full Story |
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Markets | |
Dividend stocks offer several benefits, not least of which is the fact that they offer regular payouts. However, you still might need a little convincing: Why should you go this route when you're getting ready to invest?
So, what are the benefits of dividend stocks? We'll go over the definition, ... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Markets | |
Crypto Winter It May Be, But Ethereum Looks Like A Buy
The Winklevoss twins are cutting the staff at Gemini and say crypto winter is upon us. With the price of Ethereum (Cryptocurrency: ETH) down more than 60% from the recent high it certainly looks like that is the case. Our take, however, is t... Read the Full Story |
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Industrials | | Leading polymer 3D printing solutions provider Stratasys (NASDAQ: SSYS) stock has fallen (-21%) during the 2022 technology bear market. The 3D printing leader has survived the first 3D printing speculative bubble nearly a decade ago that saw shares trading north of $100. Like most technologies that ... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Retail/Wholesale | |
Expedia Group (NASDAQ: EXPE) was one of the hardest-hit companies due to the coronavirus pandemic and has only very recently seen a respite in its gross bookings and revenues. In February 2021 the company’s revenues dropped 57% due to international travel restrictions and lockdowns. The stoc... Read the Full Story |
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Retail/Wholesale | |
The Lovesac Company Is Oversold And Ready To Rebound
The Lovesac Company (NASDAQ: LOVE) has been in a downtrend since early in 2021 driven by fears of slowing growth, diminishing tailwinds, and supply chain issues, and those fears were misplaced. The Q1 2023 results are so strong as to make us ... Read the Full Story |
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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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Auto/Tires/Trucks | |
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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Thursday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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