Good MorningThe rebound in equities hit a roadblock in the form of resistance at the 4,150 level last week and may have a hard time moving higher. The move was capped with a lackluster day on Friday that was sparked by hotter-than-expected employment numbers. The NFP report shows employment and wage gains both accelerated on a month-to-month basis and put added pressure on the Fed to hike rates.
This week's big news will be the CPI report on Wednesday. The report may show inflation coming down from the previous month but there is risk in that outlook. Not only was the PCE price index hotter than expected but indications from the bulk of S&P 500 companies is for systemic inflation to continue into the 4th quarter. Featured: 120 days remain before new defense mineral rules take effect (Ad) 
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Consumer Discretionary | |
Home Depot is slated to report its second quarter on August 16
Lowe’s reports its second quarter on August 17
Both stocks are trading above their 50-day moving averages
Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) have become ubiquitous sightings throughout American cities and towns, ... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Consumer Discretionary | |
Norwegian Cruise Lines Holdings (NYSE:NCLH) reports earnings on July 9. If the reports from Royal Caribbean Cruises (NYSE: RCL) and Carnival Cruise Lines (NYSE: CCL) are any indication, investors should expect to see revenue approaching pre-pandemic levels and an improving earnings picture.
That... Read the Full Story |
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Consumer Staples | | Big-box retailers Walmart (NYSE: WMT) and Target (NYSE: TGT) are still trading at multi-year lows after gapping down following their most recent earnings reports.
Walmart is trading at July 2020 levels, after advancing 1.88% in the past week.
Last week, the company said it would lay off about 200 ... Read the Full Story |
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From Our Partners | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Consumer Discretionary | |
Teva Pharmaceutical Industries Limited gapped up 28% on July 27th
Chipotle Mexican Grill, Inc. jumped 15% on July 27th
On August 2nd, Pinterestmstock gapped up 12%
When the volume gets raised at a summer music festival, concertgoers’ ears perk up. The same goes for stock trading volum... Read the Full Story |
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Markets | |
The pandemic was the driver that blew up Etsy’s business and stock price. The question is whether it can continue to grow.
Etsy stock is down (-40%) for the year
While growth has slowed as the pandemic dissolves further in the rearview mirror, it’s still there
Global digital mar... Read the Full Story |
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From Our Partners | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
From there, it outlines specific options criteria designed to match that potential move, giving traders a complete setup before the market opens.
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Healthcare | |
Amgen proven performer with an expansive pipeline
Inovio Pharmaceuticals Investment in the future of medicine
Investing in biotech companies also carries substantial risk
The appeal of investing in biotechnology (i.e. biotech) companies is understandable. When one of these companies brings... Read the Full Story |
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Consumer Staples | |
Tyson had a decent quarter but the results reveal the impact of inflation
Tyson is a deep value relative to its peers because of the dividend
The guidance for the full year is favorable
Shares of Tyson Foods (NYSE: TSN) are down more than 9.0% in the wake of the Q2 earnings report and offer... Read the Full Story |
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Consumer Discretionary | |
Turning to the quarterly operations and margins, the company’s costs increased at all levels
The company is expecting revenue to increase on a sequential and YOY basis
At least five analysts have come out with price target increases
DoorDash (NYSE: DASH) has been struggling with profi... Read the Full Story |
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Materials | |
Global aluminum and materials products maker Alcoa stock has fallen (-19%) for 2022
Shares spiked last year on optimism for the infrastructure bill, which turned out to be a sell-the-news event.
EVs require more aluminum than regular cars and the EV market is expected to grow at a 23.5% compo... Read the Full Story |
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Consumer Discretionary | |
Digital lodging platform Airbnb stock has fallen (-30%) on the year
Airbnb raised its fiscal Q3 revenue guidance in anticipation of hitting all-time high quarterly revenues
Prudent investors can use the reset to look for opportunistic pullbacks
Digital lodging platform Airbnb (NASDAQ: ABNB)... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding. It offers wired and wireless battery management systems; power electronics units; and telematics control units to enable secure connected car services, software updates, and data. In addition, the company provides SmartCore, an automotive-grade, integrated domain controller; SmartCore Runtime, a middleware enabling communication between domains and apps to be shown on any display; SmartCore Studio, a PC-based configuration tool to generate hypervisor configurations; and body domain modules, which integrate various functions, such as central gateway, body controls, comfort, and vehicle access solutions, into one device. Visteon Corporation was incorporated in 2000 and is headquartered in Van Buren, Michigan. | | View Today's Stock Pick |
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