Good MorningThe rebound in equity markets hit a roadblock on Friday as traders and investors brace for next week's round of earnings and economic reports. Not only is it the first of the two busiest weeks of the Q2 earnings reporting cycle but the FOMC is expected to hike interest rates by at least 75 basis points. On the earnings front, the reports are expected to be OK enough but the guidance will usher the S&P 500 into its next move. If the guidance continues to weaken the S&P 500 will have little choice other than to move lower.
Also on tap for this week? The first read of the Q2 GDP. Based on the last three months of Leading Indicators, we expect to see the figure not only come in negative but to accelerate the decline that began in the 1st quarter. The question of if we're in a recession has already been answered, yes we are. The question about how deep and how long the contraction will be is what needs to be answered next. Featured: The invention Elon called the greatest in history (Ad) 
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Energy | |
Schlumberger Beats And Raises On Improving Fundamentals
If results from Baker Hughes (NYSE: BKR) and Haliburton (NYSE: HAL) weren’t enough to convince you of a rebound in the oil services sector Schlumberger (NYSE: SLB) has given us some more evidence. The company reported a solid quarter d... 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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Manufacturing | | A bear market can trigger panic to a point where investors literally throw the baby out with the bath water. Bear markets always recover. The question is from what point and when. A bear market incites fear and capitulation on the way down and regret and fear of missing out (FOMO) on the way up. Whi... Read the Full Story |
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Retail/Wholesale | |
Online travel company Trip Advisor (NASDAQ: TRIP) stock has fallen (-35%) this year. The travel sector was devastated by the pandemic as an epicenter industry. However, the reopening as unleashed much pent up demand with many airline carriers like American Airlines (NYSE: AAL) experiencing travel ... Read the Full Story |
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From Our Partners | | Jeff Brown picked Nvidia in 2016 - it's up 25,155%. He recommended Bitcoin at $240 - it's up 31,219%. Now he's zeroing in on Elon Musk's new AI agent, which Musk himself believes could return 70 times investors' money.
Brown, who correctly predicted the SpaceX IPO and held Tesla when experts turned bearish, says an announcement is expected by end of month that could make this AI agent available to every American. He's offering a free live demo and ground-floor access details right now. | | Watch the free live demo and learn how to get in today |
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Consumer Discretionary | |
Mattel, Hasbro Both Fall On Shaky Results
As good a company as Mattel (NASDAQ: MAT) is, Hasbro (NASDAQ: HAS) may be a better buy for today’s times. Both companies outperformed the consensus expectations and provided a positive outlook but one thing stands out between them. Mattel is not pa... Read the Full Story |
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Markets | | Data Cloud provider Snowflake (NASDAQ: SNOW) stock has tanked (-57%) on the year. The enterprise data warehouse systems provider enables analytics and reporting to generate business intelligence. The Company is thriving despite macroeconomic conditions. The CEO has stated that larger headwinds like ... Read the Full Story |
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From Our Partners | | In June 2024, a 50-year arrangement tying Saudi oil to the U.S. dollar quietly expired. Garrett Goggin, CFA, CMT - whose gold portfolio has climbed more than 1,200% over the past two years, including a 1,023% gain in G2 Goldfields - believes this is the biggest opportunity of his 31-year career.
Central banks are buying gold bullion at a pace not seen since 1950. The last time the monetary system shifted this dramatically, in 1971, gold surged from $35 to $850. Goggin has identified four specific positions for the next leg of this rally, plus two bonus opportunities for readers. | | Read the free briefing and see all four positions now |
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Medical | |
These stocks let you profit from the quarterly game of musical chairs
Sector rotation is a common market event based on the theory that economies move in cycles. To profit from these cycles, institutional investors and fund managers periodically adjust their holdings. This means rotating out of s... Read the Full Story |
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Basic Materials | |
-Net income came in at $840 million compared to $1083 million in 2021. Earnings per share came in at 57 cents versus 73 cents during the same quarter last year.
-Copper production was up 17% y-o-y, to $1087 million pounds, and gold production came in 56% higher at 476,000.
-Average realized pric... Read the Full Story |
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Basic Materials | |
When you're on the hunt for a stock that pays dividends, you may want to take a look at Nucor Corporation (NYSE: NUE).
Let's dive into some details about Nucor Corporation and the pros and cons of the company and its sector to help you determine whether to purchase Nucor Corporation for your own... Read the Full Story |
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Technology | | Shares of Verizon (NYSE: VZ) tumbled in pre-market trade Friday after the company reported second-quarter earnings that missed Wall Street expectations.
Verizon earned $1.31 per share, down from $1.37 in the year-earlier quarter, missing analysts’ consensus views by a penny.
Verizon said t... Read the Full Story |
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Retail/Wholesale | |
Tractor Supply Company Plows Ahead With Growth
Tractor Supply Company (NASDAQ: TSCO) reported better than expected Q2 results and raised the guidance and yet shares fell because of it. Shares fell because the results and guidance, while favorable, are lackluster in regard to the analyst's estima... Read the Full Story |
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Monday'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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