Good MorningEquities slipped on Monday extending the prior week's decline and putting the S&P 500 on track to move lower later in the week. The index is now below key resistance levels where the bears are likely to increase their selling and add momentum to the move. All the market needs is a catalyst for lower prices and that could come in the form of economic data. There is a long list of economic reports due out this week including construction spending, the ISM Manufacturing Index, and the August read of the non-farm payrolls report. The report is expected to show a cool down in both hiring and wage gains which takes some pressure off of the Fed. Even so, labor conditions remain tight and wages are rising and underpinning broader inflation.
In stock news, the market is gearing up for Apple's next product event. The iconic company is expected to launch several new iPhone models among other products and drive another upgrade cycle for the business. The question the market will want to have answered is how expensive are the new phones and how many, exactly, does the company think it will sell? Featured: 5 dividend stocks worth owning in any market condition (Ad) 
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Energy | | Targa Resources (NYSE: TRGP), which specializes in midstream energy infrastructure, has been etching the right side of a consolidation since late July.
Targa has been correcting in a pretty orderly fashion, especially if you compare it to the many stocks that are down 50% or more this year.
The s... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Technology | | Unity Software (NYSE: U) has been on a wild ride in the past few weeks following an earnings report and some corporate drama surrounding acquisitions.
Unity runs a software platform for creators and sponsors of real-time three-dimensional content. Customers use Unity’s platform to develop, r... Read the Full Story |
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Retail/Wholesale | | Retail department store chain Macy’s (NYSE: M) stock has had a rollercoaster ride in the past two years as shares trade down (-32%) for the year. The iconic department store chain that brought Santa Claus into the mainstream has emerged from the pandemic as a well-oiled machine. The Polaris tu... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Consumer Discretionary | |
Global toy manufacturer Mattel, Inc. (NYSE: MAT) stock is trading up 5% on the year. The maker of blue chip brands like Barbie, Hot Wheels, Fisher Price, and American Girls is still delivering double digit growth despite inflationary pressures and supply chain costs. In fact, Mattel has been profi... Read the Full Story |
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Auto/Tires/Trucks | |
Sell-side research firms have long had a major influence on the stock market. They employ teams of analysts that scour through financial statements and other data to form in-depth opinions of publicly traded companies. Often their ratings and price targets single-handedly move the needle.
Within... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Technology | |
Memory-chip specialist Micron Technology (NASDAQ: MU) is up 4% since its June 30 earnings report. It rose as much at 18%, peaking at $65.42 in mid-August, but since sputtered, in tandem with the broad market.
Micron, as well as others in the memory-chip business, saw sharp sales growth in 2021, a... Read the Full Story |
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Consumer Staples | |
Who hasn't heard of PepsiCo Inc.? Unless you're a real health maniac, you've probably indulged in a Frito or two.
There is a lot to unwrap about PepsiCo Inc. As of Q2, PepsiCo Inc. (NASDAQ: PEP) was up 3% year-to-date, slightly under the mark compared to its main competitor, The Coca-Cola Company... Read the Full Story |
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Basic Materials | |
Barrick Gold (NYSE: GOLD) remains a key player in the commodities market, with exposure to both gold and copper. The company remains at the center of investor interest, mainly due to its portfolio of assets and valuation, but issues remain with the volatility of commodities, which may be keeping t... Read the Full Story |
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Retail/Wholesale | |
The institutional interest in Dollar Tree (NASDAQ: DLTR) and Dollar General (NYSE: DG) are both very high at 98% and 95% but there is a difference in the activity that has Dollar General set up to outperform in the back half of the year. While the institutional activity in both names was vigorous ... Read the Full Story |
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Finance | |
No one can say with 100% certainty that the S&P 500 (NYSEARCA: SPY) is about to crash but, technically speaking, the S&P 500 just flashed a significant signal and isn’t a good one. Those of you who follow my index coverage or read the Weekly Preview know I have been targeting the end... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. The company also operates gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers; and offers business delivery, travel, grocery, and various other services online. It also operates e-commerce websites. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington. | | View Today's Stock Pick |
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