Good MorningEquity markets began the week in the green and moved up in Monday trading. The S&P 500 gained about a half of a percent at the high of the day and will probably move higher in the near term. The move is driven by the weaker than expected CPI data last week but investors are warned not to put too much faith in the rally. The rally is still a bear market rally and one that will result in another sell-off in the not too distant future. The question that needs to be answered is if the next sell-off will result in a clear Buy Signal that is confirmed by economic data and the outlook for earnings, or if the market will move down to another new low.
The big news this week is going to be the Retail Sales figures on Wednesday. The Economists are expecting a gain of only 0.1% versus the prior month which is tepid at best and optimistic at worst. A weak figure may not send the market into a tailspin but it will help set up the next decline. A series of weak economic reports could put an end to the market's optimism and there are other reports due out this week. Other reports of interest include several reads out of the housing market and the Index of Leader Indicators. Featured: The case for trading fewer setups, not more (Ad) 
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Medical | |
It wasn’t that bad after all.
With the second quarter earnings season almost in the books, worries about a rash of negative earnings surprises have proven to be unfounded. According to the latest insight from Factset, roughly three out of four S&P 500 companies have reported positive E... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Technology | |
Back on June 16th, things were looking pretty grim for the Nasdaq-100. The tech-heavy index slipped to its lowest level of the year. Amid the mounting recession and geopolitical worries, 34% was slashed from the benchmark’s record peak.
Fast forward just two months and things look quite dif... Read the Full Story |
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Technology | | Cybersecurity stocks have been on the rise in recent weeks, as companies like CrowdStrike Holdings (NASDAQ: CRWD) rally from previous lows.
CrowdStrike specializes in cloud-based protection for enterprise customers. It offers intelligence about various cyber threats, and also provides security and ... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Technology | |
Skyworks Solutions (NASDAQ: SWKS) is an undercovered and underappreciated asset working in the semiconductor industry. The company does not make or market semiconductors but manufactures a wide range of semiconductor-based components for business and industry of all verticals. In this light, it is... Read the Full Story |
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Auto/Tires/Trucks | |
Workhorse Group (NASDAQ: WKHS) has had a tough year but it looks like the toughest times are behind them. Not only is the company moving on from the C-series issues it had last year but the new CEO appears to have the company on track to begin production this quarter. While the calendar Q2 results... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Technology | |
Rideshare and delivery giant Uber (NASDAQ: UBER) has seen its stock rally over 50% off its lows but is still down (-26%) on the year. The nation’s largest rideshare network continues to lose money despite seeing its sales rebound sharply. From a fundamental view, Uber has been a mind-bogglin... Read the Full Story |
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Finance | | Cryptocurrency trading marketplace Coinbase (NASDAQ: COIN) stock triggered a short squeeze on its horrendous Q2 2022 earnings report. Shares are still down (-66%) for the year even after more than doubling off its $44.15 lows on June 30, 2022. The stock had a 21% short interest heading into its earn... Read the Full Story |
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Auto/Tires/Trucks | |
Hot analyst's calls can be sure-fire catalysts for higher stock prices and those catalysts gain strength when more than one analyst makes the call. The Q2 earnings reporting season was lackluster, but not all companies delivered the same results and the analysts are noticing. Some, like Enphase (N... Read the Full Story |
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Technology | |
Diversification is the edge for any portfolio. Rising inflation is impacting discretionary consumer spending. These stocks tend to be good recession hedges by either thriving in a recessionary period or are essential products needed regardless of the economic landscape. The following four companie... Read the Full Story |
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Consumer Discretionary | | The world’s largest movie theater chain AMC Entertainment (NYSE: AMC) stock has recovered in recent weeks to being down just (-17%) for the year. The pandemic put the movie theater industry on the edge as the epicenter industry faced many bankruptcies with smaller theaters, independent theater... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection. It also provides human resources (HR) software solutions for employee self-service, compliance, HR edge, data analytics, and workflows and documents, as well as human resource management system; talent management system for recruiting, onboarding, performance, compensation, and learning; and benefits administration software. In addition, the company offers employee experience platform for community, employee voice, recognition and rewards, video, and modern workforce index; HR reporting software; and mobile HR solutions. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois. | | View Today's Stock Pick |
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