Good MorningThe S&P 500 extended its decline on Wednesday falling a little more than 0.70% at the low of the day after a late day downdraft. The move was small but sparked by a weak ADP employment figure and has the index below a key technical level. The index price action has fallen back into a downward sloping price channel that has been in place since late 2021. At this level, bearish traders may begin to pile back into the market and drive the index down to retest the recent lows near 3,650.
The next hurdle will come on Friday with the NFP report. The NFP report is expected to echo the ADP report and show weaker and weakening trends within the employment sector. The risk is that wage inflation won't subside, however, and add extra pressure on the Fed to raise interest rates. Featured: Sell these "safe" blue chips immediately (Ad) 
|
Technology | |
Nvidia (NASDAQ: NVDA) and AMD have been directed by the U.S. government to stop the sales of their latest data center and enterprise chips, specifically the A100 and H100 chips. These chips have a number of different uses including AI, enterprise, networking, and cloud. Nvidia’s stock fell i... Read the Full Story |
|
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 |
|
Industrials | |
The 3M Company (NYSE: MMM) has paid a dividend for 99 years, with a dividend increase of 65 years — in the past five years, it has increased its dividend 14%. The industrial bigwig runs a slew of large businesses across a wide range of sectors.
From abrasives and finishing to auto body repa... Read the Full Story |
|
Consumer Discretionary | | Consumer retail names have had a tough 2022 so far, with soaring inflation and falling household spending combining to create the perfect storm, and Best Buy (NYSE: BBY) has been no exception. The well-known consumer electronics store has had to watch its shares fall 50% from the dizzying heights th... Read the Full Story |
|
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 |
|
Markets | |
Bed Bath and Beyond (NYSE: BBBY), recently has seen a significant increase in its stock price, mainly owing to speculative sentiment. The stock has rallied from its recent lows of $4.38, to $23, only to fall back down to $9.53 per share. Despite, the recent rally, which can be attributed to specul... Read the Full Story |
|
Communication Services | | Can Chinese Internet companies Alibaba Group Holdings (NYSE: BABA) and Baidu (NASDAQ: BIDU) recapture their glory days as high-flying growth stocks?
Both companies have been on downward trajectories when it comes to stock price and earnings slowdowns.
Alibaba began trading in the U.S. as an Amer... Read the Full Story |
|
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 |
|
Materials | |
This may seem like an odd time to be looking at materials stocks. After all, these are stocks that tend to perform well when the economy is booming. But not so well when businesses are dealing with rising interest rates to offset 40-year high inflation.
But this isn’t a typical economy. Th... Read the Full Story |
|
Markets | | Sports entertainment and media company World Wrestling Entertainment (NYSE: WWE) stock hit two-year highs in August and is up 35% on the year. The Company was mired in controversy over payouts to women that by its chairman and CEO Vince McMahon had sexual relations with. The misconduct allegations l... Read the Full Story |
|
Technology | |
Crowdstrike (NASDAQ: CRWD) continued to witness strong revenue growth during the quarter, with total revenue surging by 56%. The company had initially guided $512 million in revenue, but final revenue came in at $535 million handily beating estimates. Earnings per share also come in significantly ... Read the Full Story |
|
Technology | |
Shares of Ambarella (NASDAQ: AMBA) are plunging more than 10% in the wake of the Q2 earnings report and beg the question, is this a buy-the-dip opportunity? If the past institutional activity can be used as a guide, the answer to that question is yes. The institutions have been net buyers of the s... Read the Full Story |
|
Consumer Discretionary | |
Mounting headwinds are cutting into business for PVH Corporation (NYSE: PVH) and its competitor V.F. Corporation (NYSE: VFC) alike. Along with ongoing inflation and supply chain issues, these companies are facing a growing headwind from the dollar. The dollar index is at the highest level in 20 ye... Read the Full Story |
|
Thursday's Early Bird Stock Of The Day AEye, Inc., together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market. The company was formerly known as CF Finance Acquisition Corp. III and changed its name to AEye, Inc. in August 2021. AEye, Inc. was founded in 2013 and is headquartered in Dublin, California. | | View Today's Stock Pick |
|
