Good MorningEquities tried to advance for a second day following the better-than-expected CPI data but the move was without momentum and left the index relatively flat at the end of the day. The move gives evidence the rally in stocks is nothing more than a bear market rally but leaves another question unanswered. Assuming the market is in a bear-market rally the question is how long it will last and what will put an end to it. The best answer is a few more weeks to a month or so.
The market still has faith in the "peak inflation" theory and will be tested during that time. Not only will there be another read on the CPI index but two more reads of the PCE Price Index and all three should confirm lingering high levels of inflation. The takeaway is the FOMC is going to hike rates by at an aggressive pace in September and it could be another hot 75 basis point increase. Next week, a read on Retail Sales will be the focus for traders. Featured: Volatility Is Rising—But These 2 AI Stocks Could Thrive (Ad) 
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Honeywell became a diversified giant through its growth by acquisition strategy
Despite cyclical pressures and inflationary headwinds, the Company saw 12% growth in orders
The Company executed $3.2 billion in stock buybacks
Diversified technology and manufacturing company Honeywell (NYSE: ... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
He gives a speech and the markets soar…
Now, a new Trump executive order is set to set off a wave worth a potential $194 trillion in the markets.
And Wall Street insider Larry Benedict says it could hand investors who missed out on Trump’s first term a second chance. | | | Click here to discover this exciting new trading pattern. |
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Stocks | | | There have been plenty of sunny days lately for solar giant Enphase Energy (NASDAQ: ENPH), which has posted outsized earnings growth recently. Below are its returns:
1 month: +34.36%
3 months: +93.22%
Year-to-date: +58.97%
1 year: +56.73%
California-based Enphase designs, manufactures and s... Read the Full Story |
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Markets | | | With an almost 80% rally since the middle of May, there’s a strong case to be made for considering a long position in electric vehicle (EV) maker NIO’s (NYSE: NIO) shares. While they were well able to capitalize on the euphoria that swept equity markets before and after the COVID crash, ... Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
We’ve been taking these setups @ 10AM and so far, we've posted 28 different payouts …
Each of which were delivered at exactly 4PM as the market closed.
You see, these setups require zero oversight and have shown the power to deliver in the most chaotic market conditions.
And after a few weeks of fine-tuning … I knew it was time to let you in on The 4 PM Payout Plan.
That's why Jack Carter and I pulled back the curtain to reveal how we've been able to nail in a 96% win rate in the same window the market lost 11 trillion dollars in value. | | | We also revealed how you can find and execute these setups on your own without any help at all. |
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Markets | | | Wall Street's big gains this summer have been spread widely across industries. The profit growth underpinning those gains? Not so much.
Roughly 90% of the companies in the S&P 500 have reported their second quarter results, and their earnings per share are nearly 8% higher from y... Read the Full Story |
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Politics | | | On a day of give and take, Western nations made more pledges to send arms to Ukraine while the European Union's full ban on Russian coal imports kicked in Thursday, adding to the sanctions against Moscow that intelligence claims are hurting its defense exports.
Germany, seen early in... Read the Full Story |
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Markets | | |
Disney Parks division leading from the front
ESPN+ subscribers rose 53% from a year ago
The company added 14.4 million Disney+ subscribers
An 8% gap up to start Thursday’s session should tell you everything you need to know about how investors are feeling about Disney (NYSE: DIS) righ... Read the Full Story |
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Tech | | | After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill Friday that would provide the most spending to figh... Read the Full Story |
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Tech | | | After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill Friday that would provide the most spending to figh... Read the Full Story |
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Markets | | | Inflation at the wholesale level jumped 9.8% in July from a year earlier, a slowdown from the June pace yet still a painfully high level suggesting that rampant inflation will persist for months to come Read the Full Story |
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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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Friday's Early Bird Stock Of The Day WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cables, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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