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: Elon’s big $266,000 per second purchase (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 | | 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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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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Retail/Wholesale | |
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 | | 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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Multi-Sector Conglomerates | |
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 | | 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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Transportation | |
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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Retail/Wholesale | |
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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Finance | |
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 Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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