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: Why Gold Majors Are Buying Junior Miners at Record Premiums (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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Technology | | 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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Communication Services | |
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 | | On August 19th, Bitcoin exploded 23% in a matter of days… triggering nearly $3 billion in short liquidations, the largest single-day squeeze crypto has seen since 2021.
Days earlier, BlackRock, the world's largest asset manager, argued the brutal selloff earlier this year was a leverage reset, not a breakdown. Speculative excess, in their words, had been "largely purged." Then the market moved exactly like they said it would.
Now, Standard Chartered says its $100,000 year-end Bitcoin target may be "too low"... with a possible run back to $126,000, its all-time high. We believe this is the start of something bigger… a setup that only comes around once every few years, where prices are still low right before the real move begins. | | See our #1 coin pick for this new bull run. |
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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 | | Investors pulled 2.9 billion dollars from the world's largest gold fund in a single day this March, pushing total outflows to 14 billion.
At the same time, the World Gold Council recorded the highest quarterly central bank gold buying on record, with buyers taking physical delivery instead of paper shares. | | Discover the company on the buying side before the September 30th delivery date. |
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Healthcare | |
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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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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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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Communication Services | | 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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Consumer Discretionary | |
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 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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