Good MorningThe June CPI data was worse than investors expected. The year-over-year increase of 9.1% means inflation continues to be at 40-year highs. That number cements expectations for a 75 basis point hike in interest rates later this month. And some analysts now speculate that the Federal Reserve will raise interest rates by 100 basis points when it meets later this month.
f investors didn’t have enough to worry about, they are also looking at the yield curve inversion. This confirms the economy is heading for, or already in, a recession. As you would expect, the market, went deep into the red on all this bad news.
However, as the trading day ended, the markets were well off session lows. The tech-heavy NASDAQ index in particular was showing some strength.
This is because many analysts believe the markets are already pricing in the hot CPI reading. And others believe that after months of head fakes, the economy may finally be seeing peak inflation. Investors will get more information when the June PPI data comes in tomorrow before the market opens.
Featured: The case for trading fewer setups, not more (Ad) 
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Consumer Staples | | Organic foods and grocery products distributor United Natural Foods (NASDAQ: UNFI) stock has been performing relatively stronger than the benchmark indices trading down (-19%) on the year. The Company provides organic and natural grocery products, vitamins, supplements, gourmet, ethnic, meat, deli, ... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Markets | | Data search and analytics platform Elastic (NYSE: ESTC) stock has taken a (-31%) drop on the year but is staging a strong comeback. Elastic is the leading database search engine that also enables observability and cybersecurity. It’s infrastructure platform enables users and developers to perf... Read the Full Story |
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Markets | |
The words “insider trading” are one of the more exciting financial phrases to be uttered in the news. It brings to mind images of elite stock market traders in suits and ties, engaged in shady backroom meetings to make millions, if not billions of dollars. But behind the sensationalize... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Energy | |
One of the leading companies in the oil and gas industry, Chevron Corporation (NYSE: CVX) has been a headliner since the company reported earnings of $6.3 billion for the first quarter 2022, compared with $1.4 billion in the first quarter 2021. Included in the current quarter were pension settleme... Read the Full Story |
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Multi-Sector Conglomerates | |
3M (NYSE: MMM) was downgraded by several analysts and investment banks recently with lower price targets. It currently has a consensus rating of Hold and a price target of $155.69, giving it a 20.64% upside. The stock compares unfavorably to the S&P 500 as this index has a rating of Buy with a... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Technology | |
Apple (NASDAQ: AAPL) is a technology company based out of Cupertino, California. It produces a range of hardware and software products, including the iPhone, etc. Apple’s stock has corrected over 20% from its 52-week high and now trades at a much cheaper valuation than in the recent past.
... Read the Full Story |
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Transportation | |
-Greenbrier’s net profit fell from $3.9 million to $15.9 million in the same quarter in 2021. EPS came in at $0.59.
-Revenue came in at $793 million vs. $450 million in the previous years.
-Cost of goods sold increased by 91% versus revenue, which was up 79%.
-Greenbrier’s stock is ... Read the Full Story |
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Transportation | | Just when the COVID pandemic was starting to appear further and further back in the rear view mirror, airline operators have been hit hard again during the prime business months of summer. After struggling for weeks with huge passenger numbers and too little staff, London’s Heathrow airport, E... Read the Full Story |
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Transportation | |
Old Dominion Freight Line (NASDAQ: ODFL) is a dividend growth stock with an unusual twist. The company only recently started paying a dividend in 2017, and its yield of 0.44% puts it at the bottom 25% of all stocks that pay dividends. To put that yield into perspective, owning $1,000 worth of shar... Read the Full Story |
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Retail/Wholesale | | Online styling and apparel retailer platform Stitch Fix (NASDAQ: SFIX) shares have been a disaster falling (-72%) on the year. The online personal styling service was hurt during the COVID-19 lockdowns despite the migration to e-commerce as consumers flocked to athleisure and comfort wear at home. T... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Worthington Enterprises, Inc. operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors. The Consumer Products segment provides products in the tools, outdoor living, and celebrations end markets. Its products include propane-filled cylinders for torches, camping stoves and other applications, LPG cylinders, handheld torches, helium-filled balloon kits, specialized hand tools and instruments, and drywall tools and accessories This segment sells its products primarily to mass merchandisers, retailers, and distributors under the Coleman, Bernzomatic, Balloon Time, Mag-Torch, General, Garden-Weasel, Pactool International, Hawkeye, Worthington Pro Grade, and Level5 brands. The Sustainable Energy Solutions segment sells onboard fueling systems and services, as well as gas containment solutions and services for storage, transport, and distribution of industrial gases. It includes high pressure and acetylene cylinders for life support systems and alternative fuel cylinders used to hold CNG and hydrogen for automobiles, buses, and light-duty trucks. The company was formerly known as Worthington Industries, Inc. Worthington Enterprises, Inc. was founded in 1955 and is headquartered in Columbus, Ohio. | | View Today's Stock Pick |
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