Good MorningEquity markets cheered a weaker than expected CPI report and advanced the S&P 500 by more than 2.0% at the high of the day because of it. While good news, investors are cautioned not to become overly bullish in light of the trend in inflation. The CPI data was weaker than expected but still hot at nearly 6.0% YOY at the core level. At this rate, the FOMC can be expected to hike rates by at least 50 basis points at the next meeting and the peak of inflation is yet to be official. At best, inflation has been trending at the current levels for a few months now and points to ongoing pain at the register for consumers of all types.
Next week we'll get a fresh read on consumer spending in the form of retail sales. The takeaway from the news, however, is likely to support the idea that volume sales are in decline and the difference in growth is due to higher prices and inflation. The message to investors is that activity is slowing on a currency-neutral basis and the decline could accelerate given the expectation for FOMC interest rate hikes. Featured: Gold to $4,900—Here’s the Real Play (Ad) 
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Energy | |
As more data releases point to a slowdown in consumer and business spending activity, the road ahead for the U.S. economy could be rocky. So what are the implications for U.S. stock investors?
When economic uncertainty rises, it can be a good idea to seek out businesses that have demonstrated the... Read the Full Story |
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Energy | |
Energy stocks Schlumberger (NYSE: SLB) and Transocean (NYSE: RIG) boast double-digit year-to-date price gains, part of the overall energy sector’s 2022 leadership trend.
These are quite different companies, in terms of size and profile. Together, they offer a glimpse of how various parts o... Read the Full Story |
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Technology | |
Since the rebound from the global financial crisis in 2009, the Dow Jones Industrial Average (DJIA) has finished down for the year on only two occasions. With the widely followed index down around 8% year-to-date, the potential for a third such occurrence is looming.
Yet not all Dow-30 members ha... Read the Full Story |
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From Our Partners | | A top Wall Street adviser is warning of a new threat 62 times bigger than the Great Depression - one that Bloomberg says is already 'wreaking havoc' across the country.
It could wipe $33 trillion from the market and impact 67 million Americans. Major CEOs including Sam Altman are reportedly seeking help, and it has nothing to do with interest rates, the Fed, or geopolitical conflict. | | See what you can do right now to defend your portfolio |
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Markets | |
While Rite-Aid is a drugstore, its main growth driver is the pharmacy benefits management (PBM) business
Rite Aid stock plunged below pandemic lows to $4.68 as it reported a tear-jerking (-$1.63) loss per share
Bullish investors believe the COVID business bought the Company enough time to buil... Read the Full Story |
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Technology | |
When hunting for the best dividend stocks for inflation, does Verizon Communications Inc. (NYSE: VZ) soar to the top? The technology and communications behemoth might be one of the first places you look when you're trying to beat inflation.
Gushing gasoline and food prices and an all-over increas... Read the Full Story |
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From Our Partners | | Bloomberg projects the SpaceX IPO could be valued at $1.75 trillion - potentially the biggest IPO ever. But one millionaire trader says the largest gains won't come from buying SpaceX directly.
There's an overlooked position tied to this story that most investors aren't watching. The window to get in closes before September 25, 2026. | | See the SpaceX play no one is talking about before September 25 |
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Consumer Discretionary | |
Draftkings (NASDAQ: DKNG) share prices have been in a sustained downtrend that has the look of a rounded bottom. This is noteworthy because truly rounded bottoms are very rare and, to be fair, this one is really a series of smaller bottoms that have led to a slow build-up of support. The bottoming... Read the Full Story |
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Auto/Tires/Trucks | |
Workhorse Group (NASDAQ: WKHS) and the rest of the EV market got a lift in mid-summer when Tesla (NASDAQ: TSLA) released better-than-expected earnings and a potential stock split that could be worth billions to investors. The caveat is that Workhorse Group, like other EV startups such as Lordstown... Read the Full Story |
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Multi-Sector Conglomerates | | Industrials 3M (NYSE: MMM), Honeywell (NASDAQ: HON) and General Electric (NYSE: GE) are all trading higher following recent earnings reports.
One truism about the industrial sector: These companies’ businesses are intricately tied to economic cycles. We maybe familiar with the consumer produc... Read the Full Story |
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Markets | |
Before the pandemic, many pharmacy chains were adapting to a wellness model
Both CVS and Walgreens are making significant in-roads into this space
What is current, and future, outlook for both stocks
At first glance, CVS Health NYSE: CVS) looks clearly superior to Walgreens Boots Alliance (... Read the Full Story |
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Aerospace | |
Already one of the S&P 500’s top performers of 2022, Lockheed Martin Corporation (NYSE: LMT) may just be getting started.
The defense contractor’s 19% year-to-date return has been largely driven by consistent order flow from military customers—and expectations of more to co... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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