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: Wall Street’s quietly buying these 3 AI infrastructure plays (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 | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Medical | |
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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Auto/Tires/Trucks | |
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 | | See the Signals Most Traders Miss
We monitor subtle shifts in order flow, volume patterns, and early trend behavior.
Stock News Trends highlights moves long before they hit mainstream screens. | | Join Free — Start Tracking Early Market Data |
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Transportation | |
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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Auto/Tires/Trucks | |
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 | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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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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Basic 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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Consumer Discretionary | |
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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Aerospace | | 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 Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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