Good MorningThe S&P 500 wobbled on Thursday but managed to end the day higher despite hawkish commentary from the FOMC. The FOMC Chief Jerome Powell reiterated once again the committee's commitment to fighting inflation and bringing it back down to the 2.0% range. Based on the recent string of inflation data, this means a high probability for another 75 basis point hike making this the most aggressive FOMC on record.
Next week, the market will face its final hurdle before the September FOMC meeting. The CPI report is due out on Wednesday and may show a month-to-month decline in inflation due to lower gas prices but the core YOY figures are expected to remain hot. This data will support another rate hike if not a 75 basis point hike so there is a chance for market volatility. Weak data (better than expected) or strong data (worse than expected) will move the market. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Energy | |
Renewable energy stocks have been one of the most intriguing sectors for investors. According to the U.S. Energy Information Administration, the share of U.S. electricity generation that comes from renewable sources may double from 21% in 2020 to 42% in 2050. And that’s on top of the pronoun... Read the Full Story |
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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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Energy | |
Green energy and clean energy companies are once again at the center of news as the clean energy bill increasingly moves the U.S. economy towards greener energy sources. The move toward greener energy is not only an American theme, but a global theme as well, as many countries continue to move awa... Read the Full Story |
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Technology | | Data storage solutions giant Seagate Technology (NYSE: STX) issued its second earnings guidance cut in five weeks as macroeconomic shifts struck fast and hard. The Company was firing on all cylinders in 2021 raising its top and bottom line guidance amid frenzied demand for both hard disc drives (HDD... 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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Energy | |
Even before the current energy crisis, Enphase Energy (NASDAQ: ENPH) was having a banner year. In fact, as I’ll show you a little later in this article, ENPH stock has been one of the hottest stocks to buy since the onset of the Covid-19 pandemic.
Investors often pay attention to trends, a... Read the Full Story |
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Industrials | |
If you are looking to get into the hydrogen fuel cell market there is really only one choice for serious investors. While Nikola (NASDAQ: NKLA) is engaged in fuel cell technology it has too many irons in the fire and other, more focused companies like FuelCell Energy (NASDAQ: FCEL) and Ballard Pow... 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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Consumer Discretionary | |
Dick’s Sporting Goods (NYSE: DKS) set the stage for Academy Sports And Outdoors (NASDAQ: ASO) to post a strong FQ2 when it reported earnings last month. The company reported better than expected top and bottom line results and raised the guidance so it is really no surprise its closest compe... Read the Full Story |
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Retail/Wholesale | | You would think discount stores would flourish in an era of high inflation and recession fears, but Dollar Tree (NASDAQ: DLTR) gapped down hard following its quarterly earnings report. Even so, the stock is outperforming the market, and its industry has been rallying.
Dollar Tree sales grew 7% yea... Read the Full Story |
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Consumer Discretionary | | After keeping investors on their toes with multiple swings up and down in the past two years, GameStop (NYSE: GME) shares look ready to go again. This time the compass is pointing north, and will be a welcome change of momentum for any bulls out there. They’ve had to sit back and watch shares ... Read the Full Story |
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Basic Materials | | Agricultural chemical makers, such as Chilean firm Sociedad Quimica y Minera (NYSE: SQM) are among stocks outperforming other industries.
SQM is active in several business lines, including iodine, specialty chemicals and fertilizers, and potassium.
The company reported second-quarter results in ... Read the Full Story |
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Basic Materials | |
Lithium supply has been and continues to be under pressure as a result of global demand, and the global energy crisis has only increased the crunch of lithium. This will remain an issue for a while, and the head of Piedmont lithium states the following: “Yes, we’ll eventually have enou... Read the Full Story |
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Friday's Early Bird Stock Of The Day IAC Inc., together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands. In addition, the company operates websites that offer general search services and information, including Ask.com, a search site with a variety of fresh and contemporary content; Reference.com that offers content across select vertical categories; Consumersearch.com, which offers content designed to simplify the product research process; and Shopping.net, a vertical shopping search site that contains a mix of search services and/or content targeted to various user or segment demographics, as well as offers direct-to-consumer downloadable desktop applications. Further, it offers Care.com, an online destination for families to connect with caregivers for their children, aging parents, pets, and homes; develops and provides subscription mobile applications across the communication, language, weather, business, health, and lifestyle verticals; a technology driven staffing platform for flexible W-2 work under the Bluecrew name; a platform to connect healthcare professionals with job opportunities under the Vivian Health name; The Daily Beast, a website dedicated to news, commentary, culture, and entertainment that publishes original reporting and opinion; and production and producer services for feature films for sale and distribution through theatrical releases and video-on-demand services. The company was formerly known as IAC/InterActiveCorp. The company is headquartered in New York, New York. | | View Today's Stock Pick |
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