Good MorningEquities rebounded last week and closed near the high of the period after the NFP report came in better than expected. The NFP shows job gains were stronger than expected and dispelled some fear of recession but not all. The hourly wages also increased faster than expected and suggest inflation is yet to be tamed.
This week will be a challenging week for the market. On the economic front is the CPI, PPI, and Retail Sales data while on the earnings front reports from the Big Banks and key consumer staples like Pepsico and Conagra Brands. The takeaway from them all will be the outlook for the second half and how inflation will impact earnings growth. We're expecting the guidance to be weak, spark a round of downward revisions to earnings, and bring the S&P 500 down to a new low but we could be wrong. If the guidance for 2nd half earnings begins to brighten, the S&P 500 could begin to put in a real bottom. Featured: The retirement stock I'd buy before Nvidia today (Ad) 
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Consumer Discretionary | | Discount retailer Five Below (NASDAQ: FIVE) stock has fallen (-41%) on the year. The popular specialty value retailer sells everything from clothing, home products, candy, toys and games to household products, cosmetics, and accessories for $5 or less. The Company caters to consumers seeking a repri... Read the Full Story |
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From Our Partners | | Tesla and SpaceX depend on massive volumes of raw materials, including 111,000 tons of graphite and 77,000 tons of copper a year, most of it sourced from China.
A new Pentagon rule takes effect January 1, restricting Chinese imports for specific American companies, with Musk's businesses at the top of the list.
One small US-backed company holds exclusive rights to a newly discovered domestic deposit valued between $8 and $16 trillion. | | See which company could benefit from this supply chain shift |
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Markets | |
During a bear market, stocks tend to rise sharply and lose steam, putter around and then collapse back down. A buy-the-dip strategy works in a bull market, but it can be detrimental in a bear market as the collapses progressively take the stock to lower lows. Ultimately, you can end up a bagholder... Read the Full Story |
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Consumer Discretionary | | Levi Strauss Is A Good Fit For Dividend Investors
Levi Strauss (NYSE: LEVI) proved the power of omnichannel business and the shift of direct-to-consumer sales once again. The company not only managed to outperform in Q2 but it reaffirmed its guidance which is about the best we can expect for this ... Read the Full Story |
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From Our Partners | | Elon Musk quietly filed a document with the federal government tied to artificial intelligence, one of the largest markets in the world.
James Altucher, who previously flagged Nvidia in 2008 and Bitcoin in 2013, says the filing could rival Tesla, SpaceX and xAI combined.
Few investors know this filing exists, but that is expected to change quickly. | | Click here to see details on Elon Musk's newest AI filing |
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Communication Services | |
AT&T (NYSE: T)’s FWD P/E ratio has fallen over the last several years and is now back down to 8.23, which is significantly below the mean FWD P/E ratio of companies in the S&P 500 at 19.44. This fact has left some investors considering adding the stock to their portfolios. Another ca... Read the Full Story |
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Consumer Staples | |
Altria Group (NYSE: MO) presents a polarized bull or bear case for investors. Altria has a dividend yield far above the market average at 8.61% and has increased its dividend every year for the last 18 consecutive years, making it on track to becoming a dividend aristocrat stock once it reaches th... Read the Full Story |
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From Our Partners | | Anthropic, the maker of Claude AI, has reportedly filed for an IPO that could arrive as early as October. Its valuation has doubled since the announcement, with some estimates putting the company's worth near 3 trillion dollars by IPO day.
Google, Amazon, Nvidia and Microsoft have all taken stakes, while Goldman Sachs, Morgan Stanley and JPMorgan are competing for private shares. Anthropic's annualized revenue reportedly grew 80 times in the first quarter alone.
See how investors are positioning ahead of this closely watched IPO. | | Learn how to get a stake before the Anthropic IPO |
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Technology | | Data infrastructure networking solutions and licenses provider Credo Technology (NASDAQ: CRDO) stock is only down a merciful (-3%) for the year. It’s worth noting that the fabless semiconductor company only recently IPO’ed in January of 2022 but shares have been resilient due to its stro... Read the Full Story |
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Markets | |
Insider Buying Picks Up For These Stocks
While insider buying is no guarantee for higher share prices it is certainly an indication of optimism and value in a stock. This is why we like to scope out the insider-buying data, it’s a valuable source for trading ideas. What we found today is a... Read the Full Story |
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Markets | |
Volatility On The Rise For Roblox Shares
We recently saw some coverage of Roblox (NASDAQ: RBLX) that led us to believe it could be a great play for the 2nd half. The story suggested a recent pop in share prices was due to increased retail chatter that may lead to a short-squeeze, it even suggeste... Read the Full Story |
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Technology | | Shares of semiconductor stock Micron (NASDAQ: MU) have been trading down quite aggressively since the end of last year. Despite a bit of a bounce this week (more on that later) they’ve still fallen as much as 45% from the all-time highs they printed back in November. But with the halfway point... Read the Full Story |
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Technology | |
Samsung Lifts Chip Stocks On Cloud-Driven Demand
Samsung (OTC: SSNLF) reported a mixed quarter but details within the report are lifting the chip sector. While the news may have sparked a near-term bottom we’re not sure it will stick. The company reported a stronger-than-expected demand fo... Read the Full Story |
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Monday's Early Bird Stock Of The Day FactSet Research Systems Inc., a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut. | | View Today's Stock Pick |
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