Good MorningEquity markets stumbled on Wednesday morning following a mixed PPI report. The Producer Price Index came in hotter than expected at the headline level, showing another acceleration. The monthly gain led to a 2.2% increase compared to last year, the hottest read in months. The core readings were cooler than expected but will likely rise soon. However, the risk for the market comes today with the release of the CPI. Hot CPI data should reinforce the idea that the FOMC will hike rates again this year, but the impact on markets is uncertain.
The S&P 500 continues to defy all logic and closed Wednesday's session with a gain. The combination of hot PPI and Fed minutes did little to stymy bulls, who sent the index up another 0.4% at the end of the session. The move extends the rebound to a 6th day, and a retest of recent highs looks likely. With the earnings season slated to begin on Friday, it is possible the S&P 500 could move up to retest the 2023 highs and possibly set a new high. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Energy | |
Once again, a brief look at the MarketBeat list of Most Downgraded Stocks proves that opportunity is where you find it. While solar stocks have seen their share prices plummet over the past few quarters, driven by analysts' revisions and short selling, the markets appear to be overextending and ov... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Aerospace | |
Despite having plunged more than 10% through September and into October, the iShares U.S. Aerospace & Defense ETF (BATS: ITA) has been bouncing back hard this week.
It was a fall that forced the stock's RSI to hit the low 20s, indicating highly oversold conditions, so a snapback isn't perha... Read the Full Story |
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Technology | |
AI is hot, and AI means robots, robotics, and automation, among other avenues of advancement. The takeaway from this article is that insiders are buying robot stocks, and there are two of particular interest. On the one hand, we have beaten up Zebra Technologies (NASDAQ: ZBRA), a maker of IoT-conn... Read the Full Story |
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Auto/Tires/Trucks | |
The world of electric vehicles (EVs) has been the latest boom coming from the economy's technology and artificial intelligence pockets. Where there is money to be made, you better bet a lot of new players will spur up like wildfire. Your job today is to move past the crowd and land a clear winner.... Read the Full Story |
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Markets | |
Microsoft Corp. (NASDAQ: MSFT) is reportedly eyeing a Friday the 13th close for its acquisition of Activision Blizzard Inc. (NASDAQ: ATVI).
The companies announced the acquisition way back in January 2022, and Microsoft has run a gauntlet of regulatory scrutiny in the U.S. and the U.K.
The acqu... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Consumer Staples | |
That bag of French fries in the freezer? Odds are it came from Lamb Weston Holdings, Inc. (NYSE:LW).
That’s because the Idaho-based company is one of the world’s top suppliers of frozen potatoes and vegetables. Its products are found at grocery stores and restaurants in more than 100... Read the Full Story |
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Consumer Staples | |
Constellation Brands Inc. (NYSE: STZ), distributor of best-selling beer Modelo, fell flat after the company’s second-quarter earnings report on October 5.
Despite raising its fiscal 2024 earnings outlook, and reporting double-digit increases in beer division sales, investors smacked the st... Read the Full Story |
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Technology | |
Has Apple Inc. (NASDAQ: AAPL) gotten too expensive for its own good?
The largest S&P 500 component has notched small gains in recent weeks, but is down 6% in the past three months.
Even so, the stock has a price-to-earnings ratio of 30, indicating that it still may be priced too high.
Ho... Read the Full Story |
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Retail/Wholesale | |
The National Retail Federation reports that retail theft, often referred to as shrinkage, is up 20% YOY in 2023, costing retailers more than $110 billion in profits. This significant figure hurts names like Target (NYSE: TGT) the most. Based on details from Target’s previous 3 earnings repor... Read the Full Story |
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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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Thursday's Early Bird Stock Of The Day Aspen Group, Inc., an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master's, and doctoral degree programs in nursing and health sciences, business and technology, arts and sciences, and education fields through Aspen University and United States University. As of April 30, 2022, it had 13,334 degree-seeking students enrolled. Aspen Group, Inc. was founded in 1987 and is based in New York, New York. | | View Today's Stock Pick |
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