Good MorningEquity markets started a holiday-shortened week on a cautious note. The S&P 500 fell 0.40% at the close of the session following a stronger-than-expected ISM Services Figure. The ISM came in not only better than expected but it advanced from the previous month suggesting economic activity accelerated in the services sector. The takeaway from the report, however, is that economic activity is strongly and inflationary and thereby supports the idea of aggressive FOMC interest rate actions. In regard to the outlook for interest rate hikes; the CMEs FedWath Tool strengthened to show a 75% chance for a 75 basis point hike at the next meeting in two weeks.
The remainder of the week could be iffy for the market due to a lack of news on both the economic and earnings front. This is a bad situation for an edgy market and could lead to increased volatility if not an outright selloff. As it is, the S&P 500 is poised for another drop and could easily retest the 3,660 level by the end of the month. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Staples | |
Archer-Daniels-Midland Company (NYSE: ADM) may not come to mind as the first choice for a dividend stock.
During the height of the pandemic, companies that produce food ingredients experienced major challenges. A company like Archer-Daniels Midland may experience dips but rebound because of its c... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Consumer Staples | |
When the market suffers a downturn, it can be a good time to bunker down with low beta stocks. Why is that?
By definition, stocks that are less sensitive to big market swings fare better in bear markets. The reverse is true in bull markets when low beta names tend to lag market returns.
Grante... Read the Full Story |
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Consumer Discretionary | | Last September, the U.S. stock market was catching its breath from a seven-month winning streak to all-time highs. This time around, the market is just trying to catch a break.
Equities are still reeling from the Fed’s hawkish tone and renewed fears of a global economic slowdown. Yet there&rs... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Consumer Discretionary | | Online game creation and community ecosystem platform Roblox (NYSE: RBLX) stock has seen better days trading as high as $141.60 on the Metaverse hype before toppling to a low of $23.88 in June 2022. The concept of Roblox can be confusing to investors. Roblox is not a game, like Minecraft. It’s... Read the Full Story |
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Retail/Wholesale | |
Casual restaurant brand operator Brinker International (NYSE: BRK) stock is down (-31%) on the year. Brinker operates two popular casual restaurant brands Chili’s and Maggiano’s. Chili’s Bar & Grill is a casual diner with popular happy hour drink and appetizer specials. Maggi... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Technology | |
The price action in Broadcom (NASDAQ: AVGO) and other semiconductor companies has been trending lower over the past quarter or two but, in the case of Broadcom at least, that trend appears to be over. The downtrend was driven in large part by institutional selling, along with fears of a slowing ma... Read the Full Story |
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Retail/Wholesale | |
Autozone (NYSE: AZO) is slated to report FQ4 earnings in mid-September and the price action is correcting ahead of the news. The stock is down more than 10% from the latest all-time high, which suggests that Autozone stock is setting up for a buying opportunity in light of the long-term uptrend in... Read the Full Story |
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Technology | | Buy now and pay later (BNPL) online purchase financing platform Affirm (NASDAQ: AFRM) is trying to maintain a foothold in a mudslide. The BNPL leader is facing a complete consumer paradigm shift as rising inflation hurts spending and a recession raises default risk. Consumer spending is getting topp... Read the Full Story |
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Technology | | Telecommunications and broadband provider Verizon (NYSE: VZ) shares have not only fallen below its 2020 pandemic lows but also its seven-year lows trading down (-21%) for the year. The Company is posting modest growth but has yet to reap the windfall of its 5G strategy. Inflationary headwinds are af... Read the Full Story |
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Technology | |
It’s been a tough year for payments platform fintech Block (NYSE: SQ) stock as it trades down (-58%) on the year. The old adage, “it’s better to have had and lost, than to never had it at all” is what optimistic investors must remind themselves every day. The pandemic was a... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE Synergy; HPE Alletra, HPE GreenLake, Zerto, HPE InfoSight, and HPE CloudPhysics storage products; HPE Cray EX, HPE Cray XD, and converged edge systems; and HPE Superdome Flex, HPE Nonstop, and HPE Integrity products. It also provides HPE Aruba products that includes hardware products, such as Wi-Fi access points, switches, and gateways; HPE Aruba Networking software and services comprising cloud-based management, network management and access control, analytics and assurance, software-defined wide-area networking, network security, analytics and assurance, and location services software; and professional and support services, as well as as-a-service and consumption models. In addition, the company offers leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of various IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others; consultative-led services; HPE Ezmeral Container Platform; HPE Ezmeral Software Container Platform and HPE Ezmeral Software Data Fabric; OpsRamp; and Hewlett Packard Labs. It serves commercial and large enterprise groups, such as business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas. | | View Today's Stock Pick |
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