Good MorningEquity markets advanced on Friday and for the week on signs that inflation is cooling. The takeaway from the data is that inflation has cooled versus last year but remains hot in the present and trending above the Fed's target rate. In this light, the PCE price index news is questionable and ultimately not good news for the market. With inflation still hot and FOMC interest rates rising, the outlook for S&P 500 earnings continues to decline.
This week will be another pivotal week for the market, with reports from over 100 S&P 500 companies on deck and the NFP report on Friday. The NFP report is expected to confirm strength in the labor market and wage inflation, which should keep the FOMC on its toes. In regard to the NFP, the news of the week will come on Wednesday when the committed issues its next policy adjustment. The market is expecting a 25 bps hike but could be surprised by a hawkish commentary, if not another 50 basis point interest rate hike. Featured: Free today, paid tomorrow (Ad) 
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Technology | |
Spending cuts and layoffs are continually making headlines as the economy contracts. Some of the most prominent household names have announced plans or implemented layoffs. Meta Platforms Inc. (NASDAQ: META) is laying off 10,000 workers. Alphabet Inc. (NASDAQ: GOOGL) is laying off 12,000 workers.
... Read the Full Story |
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From Our Partners | | Porter Stansberry spent 30 years ignoring outside investment systems - until he met Emmet Savage in Dublin. Savage's model, built on Hamiltonian mechanics applied to equity analysis, has delivered nearly 2,000% returns over 17 years with only one losing year.
What convinced Porter wasn't the returns. It was the sell discipline - a framework that identifies the exact moment a position's energy begins to decay, signaling an exit before the decline. He calls it the most rigorous sell system he has ever seen, comparing its edge to RenTech's famed Medallion Fund. | | Watch Porter's full breakdown of Project Prophet and Emmet's system |
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Technology | |
Data storage solutions giant Seagate Technology Holdings PLC (NYSE: STX) stock has been recovering since putting in a bottom of $47.47 in October 2022. Its recent fiscal Q2 2023 earnings weren't a smashing blowout, but they didn't shock investors with an extensive guide down either, as they've don... Read the Full Story |
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Finance | |
Online health insurance marketplace eHealth Inc. (NASDAQ: EHTH) stock has been on a rollercoaster ride since hitting its high of $152.19 in February 2020, collapsing to a low of $2.67 in November 2022. Shares have staged a rally back up to the $6.50-$7.25 range, up almost 50% in 2023.
It competes... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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Consumer Discretionary | |
Should you invest in Jack in the Box stock?
By the time you get through this article, you'll know what you need to know about the stock, the Jack in the Box share price and its dividend.
The key takeaway: Jack in the Box can offer a turnaround story and a growth story as well as a Jack in the ... Read the Full Story |
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Consumer Staples | | Interested in Sysco stock dividend payments? It's a good move on your part. Sysco stock is a high-quality blue-chip investment that can pay off with more than just dividends. Over the course of the company’s history, its share prices have risen more than 1,000%, more than doubling from 2010 ... Read the Full Story |
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From Our Partners | | Trading veteran Larry Benedict has placed the same IPO-day trade 95 times since 2022, logging a documented 82.1% win rate - without ever buying a single share of the stock going public.
On Wednesday, July 15, at 8 p.m. ET, Larry is hosting a free live session where he'll reveal the exact ticker behind the trade, how to potentially pocket hundreds or thousands on IPO day, and how one little-known clause can give traders two separate profit windows from a single IPO.
With over 800 IPOs expected to hit the market, the next opportunity window could open within days. | | Reserve your free seat for Larry Benedict's July 15 strategy session |
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Business Services | |
Enterprise artificial intelligence (A.I.) powered search platform provider Yext Inc. (NASDAQ: YEXT) stock has been rising as it implements its restructuring program. The Company uses AI-powered search technology to deliver relevant answers about its client's companies to customers, workers, and pa... Read the Full Story |
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Medical | |
Casava Sciences Inc (NASDAQ: SAVA) stock has been the topic of much controversy in its quest for FDA approval for its simufilam drug. The Company is a clinical-stage biotechnology firm that develops drugs for Alzheimer's disease (AD). It also works on a diagnostic blood test to detect AD called Sa... Read the Full Story |
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Consumer Staples | |
High-end spirits and beverages producer Constellation Brands Inc. (NYSE: STZ) stock has been bouncing around 50-point trading for over a year. Alcohol falls under the category of an elastic commodity which is virtually recession-proof in theory. However, there is an apex where consumers opt not to... Read the Full Story |
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Basic Materials | |
Sherwin-Williams Company (NYSE: SHW) shares have been in a downtrend for over a year but that may be coming to an end. While the near-term outlook suggests that more downside could be coming, the long-term chart of weekly price action suggests the market is near the bottom. What this means for inv... Read the Full Story |
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Finance | |
Financial services holding company Capital One Financial Co. (NYSE: COF) stock has been hit due to its exposure to subprime borrowers. As the economy contracts amidst rising interest rates, middle to lower-income consumers tends to feel the brunt of the financial stress. This is Capital One's whee... Read the Full Story |
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Monday's Early Bird Stock Of The Day C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services. It also provides customs brokerage services; and other logistics services, such as fee-based managed, warehousing, small parcel, and other services. It has contractual relationships with approximately 45,000 transportation companies, including motor carriers, railroads, and ocean and air carriers. In addition, the company is involved in the buying, selling, and/or marketing of fresh fruits, vegetables, and other value-added perishable items under the Robinson Fresh brand name. Further, the company offers transportation management services or managed TMS; and other surface transportation services. It provides its fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers. The company was founded in 1905 and is headquartered in Eden Prairie, Minnesota. | | View Today's Stock Pick |
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