Good MorningEquities extended their rally on Thursday with the S&P 500 moving up about 1.0% at the high of the day. While the near-term trend is up there is still risk in the market so investors should beware. On a technical basis, the S&P 500 is still within a downtrending channel that has dominated prices for the last several months. So long as the index is inside this channel any rebound in equity prices should be viewed as a selling opportunity.
Aside from earnings, the next big hurdle for the market will be the FOMC meeting next Wednesday. The meeting is the day before the June PCE data and will be a trying time for the Fed governors. As it is, it looks like the committee is on track for a 100 basis point interest hike at the July meeting but they may hesitate in favor of the data. The risk for the market is twofold, on the one hand, the FOMC could unleash a large interest rate hike on the economy while on the other, inflation may continue to run rampant. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Technology | | Customer relationship management software giant Salesforce (NASDAQ: CRM) shares fallen (-31%) in 2022. Salesforce is the largest enterprise customer relationship software (CRM) company in the world through acquisitions including Slack, Mulesoft, and Tableau. Despite macroeconomic uncertainty with in... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Healthcare | |
Abbott Laboratories (NYSE: ABT) may offer you some excellent dividend opportunities because it's in one of the most recession-proof sectors: health care. Abbott Laboratories offers the gamut of lifecycle health and medical products from baby formula to blood glucose readers to general pharmaceutic... Read the Full Story |
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Consumer Discretionary | |
Results Are Why Highly-Valued Tesla Will Move Higher
Tesla (NASDAQ: TSLA) reported a mixed quarter but the shares are moving higher anyway. The shares are moving higher because, although mixed, the margin came in well above the consensus estimate despite headwinds that cut into both the top line... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Industrials | |
Under-Valued Knight-Swift Transportation Delivers Results
After several quarters of uncertainty, Knight-Swift Transportation (NYSE: KNX) delivered what the market was looking for. The company reported top and bottom outperformance and raised the guidance due to strong demand and margin improvemen... Read the Full Story |
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Consumer Discretionary | |
These Five (5) Stocks Are Less Than $50 And Moving Higher
It’s easy to say “value is where you find it” with an account worth 6 figures. A single purchase of Chipotle Mexican Grill (NASDAQ: CMG) won’t tilt the meter in regard to account diversification and risk. For those ... Read the Full Story |
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From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Energy | |
-Kinder Morgan reported earnings of $635 million compared to $516 million in the second quarter of 2021.
-Distributable cash flow came in at $1,176 million, compared to $1025 million.
Kinder Morgan (NYSE: KMI), is one of the largest energy infrastructure companies that specializes in owning and ... Read the Full Story |
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Materials | |
Steel Dynamics Posts Record Quarter And Favorable Guidance
If you want to put some steel in your portfolio look no further than Steel Dynamics (NASDAQ: STLD). The company is engaged in the recycling, processing, fabrication, and sales of steel to the construction and industrial complex and just ... Read the Full Story |
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Technology | | In yesterday’s column we wrote about how the semiconductor industry has had a tough first half of the year, but how at the same time there’s a growing bull case around some of the strong names in the space such as Advanced Micro Devices (NASDAQ: AMD). Today we’ll take a closer look... Read the Full Story |
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Communication Services | |
Netflix (NASDAQ: NFLX) posted its earnings this week, surprising many. The company reported losing 970,000 subscribers in Q2'22, but its profit and revenues increased. Profit surged to $1.4B, up from $1.3B, while revenue bumped to 8.6% YoY to $7.9B. Efforts were discussed to improve further its re... Read the Full Story |
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Industrials | | General Electric (NYSE: GE) has been hit by several downgrades recently, leaving some investors wondering if it represents a good time to buy this stock. General Electric is trading at a 58.2% upside to the MarketBeat consensus price target. This upside was reduced recently with a notable downgrade ... Read the Full Story |
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Friday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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