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: Sell these "safe" blue chips immediately (Ad) 
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Markets | | Activision Blizzard (NASDAQ: ATVI) stock hasn’t gotten much traction since its earnings report on August 1.
On the one hand, that lack of movement is not particularly surprising, given that Microsoft has offered to buy the game software and console maker for $68.7 billion, or $95 per share. ... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Staples | |
Coca-Cola (NYSE:KO) and PepsiCo (NASDAQ:PEP) are part of the consumer staples sector. This sector includes many of the leading defensive stocks. A feature of the best companies in this sector is that they offer products that consumers will buy no matter what is happening in the broader economy.
... Read the Full Story |
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Industrials | |
Mr. President, investors were banking on you signing that enormous climate, health, and tax bill.
With the President signing off on the landmark $430 billion package that earmarks a sizable chunk to clean energy policies, electric vehicle (EV) stocks have been, well, electric as of late.
Since t... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Technology | |
Shares of Apple (NASDAQ: AAPL) are approaching their 52-week high and many analysts believe AAPL stock could cross over $200 per share by the end of the year. If it does so, it won’t be exclusively due to iPhone sales (although those sales still are strong).
As many shareholders know, App... Read the Full Story |
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Energy | |
With total insider buying topping the half billion mark the last 30 days have been a very heavy period of insider buying. Topping the list of stocks the insiders are buying is Occidental Petroleum (NYSE: OXY) and Exxon Mobil (NYSE: XOM) and the first at least is not too surprising. Occidental Petr... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | | Home Depot's (NYSE: HD) Q2 results and outlook echoed Walmart's (NYSE: WMT) and in a much clearer fashion that suggests not only a peak in consumer spending but the possibility of underperformance in the second half of the year. Home Depot, like Walmart, reported better than expected results and off... Read the Full Story |
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Consumer Staples | |
Walmart (NYSE: WMT) issued a far-better-than-expected Q2 earnings report and shares are moving higher in the wake of it. The move has the stock up nearly 5% in premarket trading and above a previous resistance target where upward momentum could build. The question is if the market will follow thro... Read the Full Story |
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Healthcare | |
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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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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Wednesday's Early Bird Stock Of The Day Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3.3 million residential, commercial, public authority, and industrial customers; and owned 73,689 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage facilities in Texas; provides ancillary services customary to the pipeline industry, including parking arrangements, lending, and inventory sales; and owned 5,645 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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