Good MorningEquity markets continue to advance despite hot inflation. The headline read of the CPI index came in lower than expected but still hot at 4.0%, double the Fed's target, while core inflation runs hotter at 5.3%. The data increased the odds of another rate hike, a negative for equities, and the CME's FedWatch Tool suggests interest rates could rise another 50 basis points and top out above 5.5%. The real danger is that hot inflation will keep the Fed tighter for longer, which is not fully priced into the market.
Today's FOMC meeting appears to be priced into the market. The CPI data was neither hot nor cool enough to sway them from pausing or indicating a cut, which the market wants. This means that equities could continue to rally into the summer when the Fed is slated to meet again. By then, the Fed will know if the cool-down of inflation is real and whether another interest rate hike is needed. Featured: Words all investors should pay attention to... (Ad) 
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Technology | |
Value investing is the idea of buying high-quality stocks when they are cheap. The hard part about value investing is buying those stocks when they’re down. Usually, stocks are down for a reason, which is true for V.F. Corporation (NYSE: VFC), Verizon (NYSE: VZ), and Kohl’s (NYSE: KSS)... Read the Full Story |
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From Our Partners | | Italy in the 90s. Argentina in 2001. Greece in 2009. America was always safe… But now the IMF is projecting that by 2031, US debt will climb to 140% of GDP. That's higher than Greece's debt was when their entire economy collapsed.
When Greece broke, the EU swooped in with $300 billion in emergency bailouts. Greece was fine. But when America crosses that line? There's no one bigger to save us. We ARE the emergency bailout for the rest of the world.
You can't fix $38 trillion in debt. You can't stop Congress from spending. But you CAN control how much of your wealth stays exposed to the fallout. | | Click here to learn how to build your financial firewall. |
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Consumer Discretionary | |
Shares of Peloton Interactive (NASDAQ: PTON) reached their all-time high prices of $170.09 per share in January 2021; after a whole two years of facing challenging economic environments and a stern test to their value proposition, the stock is selling for below $10 to mark a 95% retracement in the... Read the Full Story |
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Finance | |
The market is climbing a wall of worry and may rally into the summer. How high it gets and what happens then is anybody's guess at this point in the game, but upward movement persists. And this is despite an iffy read on the Consumer Price Index that points to additional tightening later this year... Read the Full Story |
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From Our Partners | | "Your First Trade Playbook" - normally $29.97 - is free to download today. It walks you through every step, from which account to open to which order button to avoid, so you can be ready for your first options trade in a single sitting.
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Medical | |
Hearing about the stock market and investors making money can motivate you to consider trading stocks online. Unfortunately, too many people jump into day trading without understanding the basics and fall right into the traps of impulse trading, FOMO and bag holding.
You want to avoid the deer-i... Read the Full Story |
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Retail/Wholesale | |
Alibaba Group (NYSE: BABA) has been increasing in the markets as the company is riding on a cocktail of tailwinds forming within its domestic and international markets. As the United States reports lower-than-expected inflation rates, with a 4.0% against 4.1% consensus, posing a different beat to ... Read the Full Story |
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From Our Partners | | In 1976, Chevron tapped an energy source with no fuel costs, no carbon, and no supply chain - then killed the project. Unocal and Texaco did the same. All three buried the results because it threatened their core business.
Now one company has spent sixty years developing what Big Oil refused to touch. Google locked in a 15-year contract, Bill Gates wrote a $100 million check, and on August 18th the government hands it a competitive edge no other energy source receives. | | Discover the company that spent 60 years proving this technology works |
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Technology | |
Enterprise cybersecurity firm SentinelOne Inc. (NYSE: S) stock took a (35%) drop on its fiscal Q1 2024 earnings release. As a hypergrowth company, it saw revenues spike more than 70% but lowered its fiscal full-year 2024 guidance causing investors to panic out of the stock. Profits continue to gro... Read the Full Story |
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Technology | |
In the words of Oracle (NASDAQ: ORCL) CEO Safra Catz, “Both of our two strategic cloud businesses are getting bigger—and growing faster. That bodes well for another strong year in FY24." That bodes well for all of tech because the AI revolution supports this growth. If you ever wonder ... Read the Full Story |
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Medical | |
DarioHealth Co. (NASDAQ: DRIO) is an AI-powered digital therapeutics platform and provider that adaptively personalizes monitoring and treatments for chronic diseases. The mobile app manages five common comorbidity conditions, including diabetes, weight loss, hypertension, musculoskeletal and beha... Read the Full Story |
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Consumer Discretionary | | The Writers Guild of America (WGA) initiated a strike on May 2, 2023, after new contract negotiations with the Alliance of Motion Pictures and Television Pictures (AMPTP) fell flat on May 1, 2023. The ramifications of the strike have rippled across media and production networks and studios.
Media a... Read the Full Story |
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Medical | |
Don’t be fooled by the fact that Novartis AG (NYSE:NVS) is trading near an all-time high. The Swiss pharmaceutical giant is still a good value.
That value proposition took a huge step forward on Monday when Novartis announced a $3.2 billion acquisition of Seattle-based biotechnology company... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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