Good MorningThe updraft in equity markets took the S&P higher on Thursday despite confirmation that we are, in fact, in a recession. The first estimate for 2Q GDP came in at -0.9% and more than 100 basis points shy of the expected 0.6% predicted by analysts. This reading marks the 2nd quarter in a row of negative GDP which is the textbook definition of recession. The question that needs to be answered is how deep and how long the recession will last and it could go on for some time. The FOMC is set to increase interest rates by at least another 100 basis points by the end of the year and that is having an impact on activity at all levels.
Next week, the market will be bracing for another round of important economic data and earnings reports. The economic data includes Construction spending and the Non-farm payrolls report, a report that is expected to show steady job creation and rising wages. On the earnings front, reports from more than 20% of the S&P 500 are expected. Featured: Leading AI Insider Issues Urgent Market Warning (Ad) 
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Technology | |
Adobe (NASDAQ: ADBE) was featured recently by MarketBeat where we discussed the company’s strong fundamentals as a diversified software company. Adobe appeared with two other mega-cap stocks, and it was highlighted for its above-industry growth and potential share appreciation in the future.... Read the Full Story |
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From Our Partners | | Gold trades near record highs while silver just topped $81 an ounce for the first time ever.
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Consumer Discretionary | |
ETSY (NASDAQ: ETSY) is an American e-commerce company focused on handmade, vintage, and craft-related items. They sell a wide range of products including, jewelry, bags, clothing, home décor, and art. Etsy's shares were up 10% during market hours and up another 1.7% in after-hours trading, ... Read the Full Story |
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Communication Services | | It’s been an unpredictable kind of year for most tech companies, and Alphabet, known to many as Google (NASDAQ: GOOGL), is no exception. The search engine behemoth managed to tag an all-time high this past February but has fallen as much as 30% in the six months since. Rising interest rates, s... Read the Full Story |
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From Our Partners | | Anthropic's IPO carries a $2 trillion valuation, with revenue projected to jump from $10 billion to over $100 billion this year. But most of that growth comes from compute spending, not profit.
OpenAI just cut prices on select models by 80 percent, and one DeepSeek model reportedly runs 100x cheaper than Claude. A valuation this size assumes near-perfect execution, echoing SpaceX's 50 percent post-IPO drop.
Here's the good news: the smart money's exit isn't the end of the opportunity… it's the start of a different one. When institutions rotate IPO profits elsewhere, we believe we've found where that capital lands next. | | See why we think this IPO could be a trap for retail investors. |
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Healthcare | |
CVS Health (NYSE: CVS) has been caught in a couple of controversies over the last month. CVS was recently sued by the New York Attorney General for allegedly breaching antitrust laws. Additionally, laxatives sold by the company have been recalled after a suspected contamination of the products. Th... Read the Full Story |
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Technology | |
International Business Machines (NYSE: IBM) has been sold off recently which has put the stock on investors' radars. Adding to the bearish sentiment for the stock is the fact that insiders at the company are selling shares. $311.11M shares were sold last quarter. Despite this, the company retains ... Read the Full Story |
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From Our Partners | | A couple of years ago, we started playing with the massive amounts of data that MarketBeat takes in everyday trying to figure out if there was a way to identify short term trading wins. By analyzing earnings data, news sentiment, analyst recommendations, insider transactions and dozens of other data points, we think we’ve found an algorithm that finds interesting short-term stock ideas. We call that algorithm the IdeaEngine and its stock ideas are published on MarketBeat All Access every Monday morning. We make one IdeaEngine idea available free every Monday as an SMS alert. We’ll be releasing the next IdeaEngine alert on Monday morning, so make sure you are signed up before then. | | Get MarketBeat IdeaEngine Alerts (Free) |
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Consumer Staples | |
Hershey And Wingstop Outpace Inflation With Market-Beating Results
Food stocks have come into the spotlight as a defensive play for recessionary times. The recession was confirmed with the first estimate for Q2 GDP at -0.9% and the odds are this figure will be revised lower. The idea is that con... Read the Full Story |
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Consumer Staples | |
The Procter & Gamble Company (NYSE: PG) might be an investor's dream. The company propagates some household names and brands, such as Pampers, Bounce, Dreft, Gain, Tide, Bounty, Braun, Gillette, Old Spice, Swiffer, Dawn and dozens of others.
The growing popularity of discount retailers stocki... Read the Full Story |
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Consumer Discretionary | |
-Revenue increased to $40.2 billion, up 35% from the same quarter the previous year.
-EBIT came in at $3.7 billion and net income came in at $667 million.
-Ford has guided an EBIT of $11.5-$12.5 billion for the year, and adjusted cash flow at $5.5-$6.5 billion.
“We’re moving with p... Read the Full Story |
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Consumer Staples | |
Altria Is A Cash Generating Dividend Powerhouse
Altria (NYSE: MO) is a hard stock to own because of its underlying business but a lot of people still do. The main reason is the massive amounts of cash the tobacco industry brings in and the whopping 8.2% dividend yield the stock is currently pay... Read the Full Story |
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Consumer Staples | |
Keurig-Dr. Pepper Is A Solid Play On Beverages
Those looking for a value won’t find it in Keurig-Dr. Pepper (NYSE: KDP) but that doesn’t make it a bad purchase. The company is trading at roughly 22X its earnings compared to about 15X for the broad market which makes it quite an expen... Read the Full Story |
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Friday's Early Bird Stock Of The Day Health Sciences Acquisitions Corporation 2 does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or related business combination with one or more businesses in the biopharma and medical technology sectors in North America or Europe. Health Sciences Acquisitions Corporation 2 was incorporated in 2020 and is based in New York, New York. | | View Today's Stock Pick |
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