Good MorningEquity markets advanced on Tuesday, with a decline in 10-year treasury yields. The decline in yield may signal a top to the Fed's rate hiking cycle is near, but investors should not rely too heavily on the signal. The decline is likely due to risk-off safe-haven asset seekers moving into bonds following the violence in Israel. The developing conflict could come to a head sooner rather than later due to the involvement of US citizens who are held hostage or dead. The market risks include the possibility of this conflict spinning out of control and leading to a wider-spread war, given the parties involved.
The S&P 500 advanced more than a half percent on Tuesday, but the gains may be limited this week. The PPI and CPI data are due out this week and may give a reason for investors to sell. The analysts expect to see inflation cool compared to the prior month's data, but there is risk in the energy market. Oil prices are up substantially from earlier this year and have yet to show in the inflation reports.
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Medical | |
Shares of Gilead Sciences (NASDAQ: GILD) are down roughly 20% from their highs in 2023 and, like other stocks in correction this year, are showing signs of a bottom. The price pressure in 2023 is due primarily to the COVID-19 cliff; Gilead’s business saw a significant spike in revenue and ea... 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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Finance | |
When an industry decides to go on a hiring spree, you better bet on the respective firms' overall management to expect a surge of demand - and, therefore, profits - coming right around the corner. How can you get ahead of the trend and catch this early wave in a world full of data?
You can head o... Read the Full Story |
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Consumer Staples | |
PepsiCo (NASDAQ: PEP) stock is down about 20% since May, which is not a move to be ignored. Investors who bought in early spring are surely feeling pain, but there are rewards ahead for those who can wait. The 20% decline is significant because it suggests a fully corrected market, a market that h... 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 | |
Through the first six months of 2023, Carnival Corporation & plc (NYSE:CCL) was one of the hottest large cap stocks not associated with artificial intelligence (AI). Since then, it’s been one of the coldest.
After more than doubling in the first half of the year, the cruise line operato... Read the Full Story |
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Consumer Discretionary | |
When it comes to value investing, most Wall Streeters try to bend the reality of an otherwise more straightforward existence; guiding you through the jungle of finding above-market returns seems more lucrative than simply educating you on the factors that make a good deal.
There is a fresh new li... 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.
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Energy | |
Crude oil prices are up nearly 4.5% in mid-day trading after a weekend in which a war has broken out between Hamas and Israel. At this point, most analysts believe the effect on oil prices may be limited to this initial spike.
However, as Ed Yardani of Yardani Research said in an interview with... Read the Full Story |
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Basic Materials | |
The country's largest egg producer, Cal-Maine Foods Inc. (NASDAQ: CALM), saw its stock collapse over 10% on its fiscal Q1 2024 earnings report. Revenues fell by 32% as egg pricing and the hen population normalized from the bird flu outbreak in 2022.
The company sells its eggs under various brands... Read the Full Story |
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Technology | |
Optical and photonics manufacturer Lumentum Holdings Inc. (NASDAQ: LITE) provides optical components and lasers to data centers, cloud providers, telecoms and the manufacturing industry. Its optical products enable telecom networks to transmit data and connect servers in data centers. Its lasers a... Read the Full Story |
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Technology | |
Grab Holdings (NASDAQ: GRAB) gained the spotlight when a spike in volume placed it on the Most Active Penny Stocks list. Penny stocks come with an above-average level of risk, so higher-than-average volume is a dubious indicator at best. The caveat is that a deeper look into Grab Holdings will sho... Read the Full Story |
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Business Services | |
Symbotic (NASDAQ: SYM) stock is down about 50% from the summer highs, but all is not lost. The market has reached the bottom and is at a critical price point that could lead to a rebound this year. Based on the information, Symbotic is emerging as a leader in AI/robotics and stands to gain tractio... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Phillips Edison & Co., Inc. is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services. The company was founded by Jeffrey S. Edison and Michael C. Phillips in 1991 and is headquartered in Cincinnati, OH. | | View Today's Stock Pick |
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