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: Forget the million-dollar nest egg (Ad) 
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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 |
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From Our Partners | | In 1999, George Gilder predicted phones would outpower desktop computers. Apple's iPhone followed, and the stock climbed 12,107 percent.
He called streaming video over Blockbuster in 1990 and flagged an obscure online bookshop named Amazon in 1996. Netflix rose 118,823 percent at its peak; Amazon is up 250,300 percent counting splits.
Gilder now points to three converging technologies he calls the Trillion Dollar Triangle, which he believes could outweigh those past breakthroughs combined. | | See the Trillion Dollar Triangle George Gilder is pointing at now |
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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 |
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Industrials | | 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 |
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From Our Partners | | President Trump says America is building wealth again, and the U.S. Treasury calls the economy under his administration strong.
But markets still fluctuate, companies still miss expectations, and a major loss late in your career can be harder to recover from than one at age 40.
Physical gold offers protection that does not depend on market momentum, corporate earnings, or consumer spending. | | Download the free 2026 Wealth Preservation Guide to protect your retirement savings |
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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 |
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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 |
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From Our Partners | | Vincere licenses institutional-grade futures algorithms directly to individual investors — no nine-figure minimums, no PhD team required.
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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 |
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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 |
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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 |
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Consumer Discretionary | | 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 |
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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 |
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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 |
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