Good MorningThe selloff in equity markets took a pause on Wednesday but investors are still cautious ahead of the Q2 GDP revision and PCE price index which is due out on Friday. The revision to the GDP is expected to be an improvement but that could be overly optimistic given the decline in the Index of Leading Indicators. The Index of Leading Indicators declined for the 4th consecutive month suggesting economic contraction continued into the 3rd quarter as well.
The news of the week will be the PCE price index, however, when it is released on Friday. The economists are expecting the pace of consumer level inflation to abate but there is risk in the outlook. Even so, the annualized pace of inflation is expected to remain high, near record levels, and well above the FOMC's target rate of 2.0%. In this scenario, it will take a much-better-than-expected figure to take interest rate hikes off the table and that is unlikely to happen. Investors should be prepared for at least a 50 basis point rate hike at the next FOMC meeting. Featured: Jensen Huang says AI can't scale without this device (Ad) 
|
Markets | | While larger medical device makers such as Medtronic (NYSE: MDT) and Intuitive Surgical (NASDAQ: ISRG) are struggling to gain traction, mid-cap Shockwave Medical (NASDAQ: SWAV) has bolted 40% higher since its second-quarter earnings report on August 8.
The company specializes in products to treat ... Read the Full Story |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Technology | |
NVIDIA’s (NASDAQ: NVDA) 2nd quarter results reveal a growing bifurcation within the microchip industry (NASDAQ: SOXX). On the one hand, data center demand is supporting growth while on the other, weaknesses in PCs and gaming are sapping the company’s strength. In this light, NVIDIA&rsq... Read the Full Story |
|
Technology | | Cloud-based payroll and human resources management specialist Paylocity (NASDAQ: PCTY) has lost ground in recent sessions, although it’s still far from closing the gap from a price jump following its earnings report.
Paylocity offers a suite of products to simplify payroll, automate processe... Read the Full Story |
|
From Our Partners | | Yahoo Finance reports this technology 'May Unlock $400 Trillion' - and Bloomberg calls it 'unavoidable.' Elon Musk has been quietly doubling down on it, even attempting to deploy it during his time at DOGE before being shut down.
Investing legend Jeff Brown - who identified Bitcoin, Tesla, and Nvidia early - has spent six years analyzing this sector he calls 'W.T.E.' He believes it could be 90 times bigger than AI and 1,900 times bigger than Bitcoin. | | Click here to see Jeff Brown's full breakdown and how to invest |
|
Consumer Discretionary | | Domestic casino and gaming operator PENN Entertainment (NASDAQ: PENN) stock has changed its name to reflect the nature of its gaming businesses. The stock is trading down (-32%) for the year, but the Company has been profitable throughout the pandemic whiles it’s competitors like Las Vegas San... Read the Full Story |
|
Consumer Staples | |
The Kraft Heinz Company, well-known worldwide for its successful brands, may offer investors a great dividend option.
The Kraft Heinz Company was formed in 2015 through a merger between Kraft Foods and Heinz, and Warren Buffett got involved in the merger in 2013, owning a 26.65% stake and over 3... Read the Full Story |
|
From Our Partners | | Futurist George Gilder - who predicted the smartphone years before the iPhone launched - believes today's AI data centers are already obsolete. Three companies are quietly developing a way to process data that could do in minutes what current server farms do in hours, using up to 90% less energy.
Gilder calls it the 'Trillion Dollar Triangle' - and he thinks it could reshape the AI landscape the same way digital streaming buried Blockbuster. | | Discover the three companies behind Gilder's Trillion Dollar Triangle |
|
Technology | |
Zoom Video Communications (NASDAQ: ZM) share price zoomed into the stratosphere when the pandemic gripped the world but those days are long over. Now, after correcting about 85% from the post-pandemic peak, the stock is finally back down at a level that looks attractive. The Q2 report was a mixed ... Read the Full Story |
|
Consumer Staples | |
The J.M. Smucker Company’s (NYSE: SJM) FQ2 results prove once again why the Consumer Staples Sector (NYSEARCA: XLP) is outperforming the S&P 500 (NYSEARCA: SPY) in 2022: Pricing Power. The J.M. Smucker Company, like others in the group such as Kraft-Heinz (NASDAQ: KHC), reported better t... Read the Full Story |
|
Technology | |
I apologize for the hackneyed headline. But I do think it conveys my sentiment about Palantir (NYSE: PLTR). Or rather, I think it conveys the overall market sentiment.
There are many polarizing stocks. But I’ve found few that generate so much passion as Palantir.
On the one hand, there ... Read the Full Story |
|
Retail/Wholesale | | Ok readers, please take your seats and buckle up, because Foot Locker (NYSE: FL) looks about ready to take off. Having hit their lower post-pandemic levels just last month as part of a 60% sell-off, shares of the sportswear retailer have recently rallied almost 70%. The biggest single jump took plac... Read the Full Story |
|
Finance | | Artificial intelligence-based lending platform Upstart Holdings (NASDAQ: UPST) was a pandemic-era winner, but has struggled since October of last year.
Other fintechs, including those with stadium naming rights - I’m looking at you SoFi Technologies (NASDAQ: SOFI) - are also well off previous... Read the Full Story |
|
Thursday's Early Bird Stock Of The Day Mawson Infrastructure Group Inc. develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities. The company is based in Midland, Pennsylvania. | | View Today's Stock Pick |
|
