Good MorningEquity markets pulled back for the second day on Wednesday while a resolution to the debt ceiling debate remains elusive. The move was amplified by weakness in the semiconductor sector, correcting after the previous week's surge. The takeaway for tech is that much of the gains expected from AI have been priced in, and investors should look to the next wave of winners. Among those will be tech services companies and hardware manufacturers to support the new technology.
The labor data added to Wednesday's woes. The JOLTs report showed a surprise surge in job openings that suggests momentum in the economy. That increases the odds of another Fed interest rate hike, and the odds are already high for another 25 bps. Economic pressure will continue to build and more financial institutions will fail. Featured: My Deep Cut Pick Before Anthropic's IPO (Ad) 
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Technology | |
HP (NYSE: HP) is not a growth stock; it’s not exciting to own, but it is a winner if you are an income investor. The business is down, and the outlook isn’t all that rosy, but the business is solid, FCF is robust, and the dividend is as reliable as they come. The dividend is worth abou... Read the Full Story |
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From Our Partners | | Mining earns the highest profit margins of any major sector, about 31 percent, versus just 17 percent for the next best industry.
Despite that, mining represents only 1 percent of global equities, a disconnect that has persisted for more than a century.
Garrett Goggin, CFA, CMT and founder of Golden Portfolio, calls this gap the Golden Anomaly and has identified four miners positioned to benefit. | | Read Garrett Goggin's full report on the top four mining picks now |
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Consumer Staples | |
The Artificial Intelligence driven ETF (Exchange Traded Fund) AMOM (NYSEARCA: AMOM) has released its latest holdings list, making a surprising pivot into some consumer names and equally unexpected rotations out of others. Of course, the largest holding within this fund was NVIDIA (NASDAQ: NVDA), a... Read the Full Story |
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Consumer Discretionary | |
If you are interested in Sportsman’s Warehouse (NASDAQ: SPWH), there are good reason’s to be. The company is well-positioned in the outdoor recreation market and on track for long-term growth. Today's trouble is related to the broader economy, not the company’s operational qualit... Read the Full Story |
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From Our Partners | | After the Dot-Com Bubble burst in March 2000, the Nasdaq fell 78% over the following decade. But gold staged a historic bull run, and select miners delivered gains of 50X, 53X, 252X, and even 362X.
Garrett Goggin, CFA, CMT and founder of The Golden Portfolio, has spent over 20 years studying these market rotations, including 15 years working alongside gold analyst John Doody. He's identified four gold miners positioned for the next rotation out of AI stocks. | | See Garrett Goggin's four gold miner picks before the next rotation begins |
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Industrials | |
Shares of Trinseo (NYSE: TSE) have suffered a bearish spell since their initial decline in March 2021, where the stock traded at nearly $76 per share. Today, after an 83.5% decline two and a quarter years later, the company faces a tipping point where management must step up and define itself as a... Read the Full Story |
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Technology | |
With the Q1 earnings reporting season all but wrapped up, it's time to start looking at the winners and losers from the period. The takeaway from the season is that results are spotty across sectors and industries, and the outlook for the 2nd half of the year continues to trend lower. The stronges... Read the Full Story |
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From Our Partners | | What I bought is tokenized gold. Real gold in a professional vault… held as a digital token in a wallet only I control. Now compare that to how most people own gold. You call a dealer and pay a premium over the gold price. You wait for it to ship… then you find somewhere to hide it.
And when you want out? It gets worse. Buy a 1 oz gold coin from a dealer and sell it back, and about 4% to 8% of your money is typically gone. Plus, physical gold holders wait days for dealers to verify the gold and pay them.
Tokenized gold? You can sell it any hour, any day, even on a Sunday night, for a small trading fee. So when you need your money, which would you rather own? Gold that takes days to sell… or gold you can sell in seconds? | | Click here to see how tokenized gold works. |
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Industrials | |
The world of work and real estate is changing as consumers and investors know it, with remote or mostly remote work making up to 34% of the total American workforce and rent inflation reaching rates as high as 6.9% for the year 2022. As more workers fulfill their duties on a remote basis and an in... Read the Full Story |
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Technology | |
As June rolls around, amusement parks and beachside cabanas are getting worked into the budgets of vacation-hungry Americans. For U.S. stock traders, summer’s kickoff coincides with the conclusion of second-quarter earnings season and some last minute swing trade ideas.
In the mid-cap spa... Read the Full Story |
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Technology | |
UiPath Inc. (NASDAQ: PATH) shares took an initial dive on its fiscal Q1 earnings release. The culprit was lowered fiscal Q2 2024 revenue guidance that spooked investors. However, the company raised its fiscal full-year 2024 guidance, which the market overlooked on the initial gap down. UiPath is a... Read the Full Story |
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Consumer Discretionary | |
If you think Advance Auto Parts's (NYSE: AAP) 10X valuation and 5% yield are attractive, don’t be fooled because the dividend just got cut, and the stock is heading lower, possibly much lower. The company’s efforts to produce growth were insufficient to offset persistent headwinds, inc... Read the Full Story |
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Technology | |
With the latest innovations coming to market and technological advancements grabbing the media's and public's attention, it might seem like a lifetime ago when Bitcoin and several industry-related stocks were the centers of attention.
At its peak, in late 2021, the price of a single Bitcoin trade... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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