Good MorningThe equities market slipped again on Wednesday, although the move was muted in relation to the prior session. The S&P 500 shed about 0.25% at the low of the session but closed with a small gain following a mixed PPI report. The PPI data fell slightly on a month-to-month basis but remains very hot on a core and YOY basis and points to additional price increases for consumers down the road. The news was not-as-bad as feared but bad enough and should help seal the deal on a 75 basis point rate hike at the next FOMC meeting in just 7 days.
With the CPI and PPI still running hot and the FOMC on track to raise rates another 150 bps by the end of the year the odds of a major recession have grown very high. The first glimmers of that recession can be seen in the housing market, which is seeing a high double-digit decline in the pace of mortgage apps and new and existing home sales. Featured: The case for trading fewer setups, not more (Ad) 
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Retail/Wholesale | |
Around six or seven years ago, a new gas station operated by Murphy USA (NYSE: MUSA) opened across the street from a Super Walmart (NYSE: WMT) not far from where I live in Santa Fe, New Mexico.
Since then, I’ve noticed Murphy gas stations springing up throughout the U.S. While the company ... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Multi-Sector Conglomerates | |
If you’re an investor in 3M (NYSE:MMM) you’re aware of the perfect storm that’s swirling around the company and its stock. The company got a lift from being a supplier of essential materials for first responders during the pandemic.
That halo is long since gone. The company now... Read the Full Story |
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Markets | | We’ve all seen those commercials where someone has to get up frequently during the night to urinate; Axonics (NASDAQ: AXNX) is a company whose products address that problem.
The stock rallied to a high on Monday then pulled back along with the broader market.
The Irvine, California company... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Technology | |
The Q3 reporting season is fast approaching which means it's time to start picking potential winners and losers. Today I’m looking at the five hottest upgrades coming out of the 2nd quarter earnings reporting cycle and what to expect when they report.
Palo Alto Networks For A Two-Pronged A... Read the Full Story |
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Technology | |
Apple (NASDAQ: AAPL) iPhone 14 was recently released and investors will be wondering, whether the phone will have a significant impact on Apple’s revenue. iPhone 14 was released on the 8th of August, and critics have pointed out that there isn’t that much difference between the previou... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Consumer Discretionary | |
Video game maker Take-Two Interactive Software (NASDAQ: TTWO) stock has been steadily falling due to fall in videogame sales. The publisher owns one of the most lucrative video gaming franchises in Grand Theft Auto (GTA). It’s Grand Theft Auto V game was originally released in 2013 and conti... Read the Full Story |
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Consumer Staples | |
Mid-cap energy drink maker Celsius Holdings (NASDAQ:CELH) has been trading in a sideways pattern without gaining any lift since its earnings report on August 9.
The company’s proprietary MetaPlus formula is designed to turn on thermogenesis, a process that boosts the body's metabolic rate.... Read the Full Story |
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Finance | |
It was only two days ago I predicted another drop in the S&P 500 (NYSEARCA: SPY), and oh, what a difference those days have made. Since then, we’ve got not one but two horribly bad inflation reports that have the outlook for interest rate hikes and recession reaching new peaks. As if the... Read the Full Story |
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Technology | |
Lyft (NASDAQ: LYFT) stock has been rising on the back of rumors of acquisition from an activist investor. Lyft’s stock is down over 66% over the past year, as exuberance stemming from the previous few years that led to excessive valuations has started to moderate, especially within tech sect... Read the Full Story |
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Consumer Discretionary | |
Stocks are going on sale across the market, and the insiders are beginning to notice. The latest screen of stocks with interesting insider activity includes 4 bargains that offer value to investors and, in 3 cases at least, attractive capital returns as well.
Dividend King V.F. Corporation
App... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities. The company also involved in the Kroondal, Rustenburg, Marikana, and Platinum Mile operations situated in South Africa; Mimosa located on the southern portion in Zimbabwe; the Driefontein, Kloof, Rand Refinery, and Cooke surface operations located on the West Rand of the Witwatersrand Basin; and the Beatrix situated in the southern Free State. In addition, it owns an interest in surface tailings retreatment facilities; the Marathon PGM project in Ontario, Canada; the Altar and Rio Grande copper gold projects in the Andes in north-west Argentina; the Hoedspruit; and the Burnstone and southern Free State gold projects in South Africa. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa. | | View Today's Stock Pick |
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