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: Washington Thinks They Own Your Bank Account (Ad) 
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Consumer Discretionary | | 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 Partners | | Unitree's IPO grabbed headlines, but a handful of already-public robotics companies have been quietly delivering results that look nothing like hype.
One robotics-and-testing firm grew quarterly revenue from $686 million to $1.282 billion year over year and broke out above a $422.11 buy point. A warehouse robotics company exited the quarter with a $22.7 billion backlog and $2.0 billion in cash with no debt. A robotic surgery leader placed 431 systems in a single quarter. | | Get the free robotics stock report now. |
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Industrials | |
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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Communication Services | |
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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From Our Partners | | The Department of Justice recently argued in court that cash is not legally property, raising new questions for savers as federal debt continues to climb.
Your IRA, 401k, and bank accounts are not hidden from view, prompting some Americans to look for ways to keep more control over their own wealth.
A free information kit outlines three strategies people are considering to help shield their savings from future policy changes. | | Get the free information kit and explore savings strategies now |
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Technology | | 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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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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From Our Partners | | Nearly 2 in 3 Americans fear running out of money more than death - and chasing a $1.5 million nest egg isn't helping.
Tim Plaehn has spent decades helping people build retirement income, and he says the monthly income goal is the only number that matters. His approach could potentially reach that goal with 10x less capital - using a single stock you can buy with one click. | | Watch the short presentation to see how this retirement income strategy works |
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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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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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Communication Services | |
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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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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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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