Good MorningEquity markets advanced last week, with the S&P 500 gaining over 3.0% at the session's high. The market is in melt-up mode despite a hawkish FOMC that indicates 2 more interest rate hikes are on the way. AI and a positive re-valuation of the outlook for AI-related tech drive the melt-up. NVIDIA is leading the charge, but names like Oracle and Adobe are in the mix. The takeaway is that the cloud is booming with AI, and any company involved in the hardware, infrastructure, or services end of the business is booming along with it.
This week will be a test for the market. There are few earnings reports and economic releases to drive the action, so the market may have a hard time moving much higher in the near term. The next significant catalyst is the PCE Price Index which will be released in 2 weeks. Another hot report will seal the deal on a 25 basis point hike and may convince the market that Mr. Powell and the FOMC were serious in saying 2 more hikes were coming. Featured: Sell these "safe" blue chips immediately (Ad) 
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Technology | |
There is much tension in the chip and semiconductor manufacturing industry today, as fierce competition boils due to the new sentiment towards artificial intelligence; geopolitical tensions and trends push firms to choose regions where they will invest and operate.
Following the blowout rally fro... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Technology | |
Twilio (NYSE: TWLO) has become a forgotten name since coming off about 84% from its pandemic highs, set in February 2021. The communication technology company was a favorite amongst growth players. Still, since its sharp decline over the past two years, it has fallen off the radar of many. However... Read the Full Story |
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Technology | |
When it comes to semiconductor stocks in recent weeks, Nvidia Corp (NASDAQ: NVDA) may have been grabbing most of the headlines, but they're not the only chipmaker whose stock has been soaring. Shares of Broadcom Inc (NASDAQ: AVGO), with a market cap about a third the size of Nvidia's, have also be... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Technology | |
Adobe (NASDAQ: ADBE) did not stand out as an AI winner. The company’s creative-centric business model relies heavily on business and consumer spending, which are both questionable now. But then you must also consider that Adobe is a data-centric business model. All those creative juices flow... Read the Full Story |
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Consumer Discretionary | | Today we’re looking at 2 small-cap names with large-cap potential. In the first case, MamaMancini’s Holdings (NASDAQ: MMMB), we also have a potential takeover target. In the second case, an automotive and industrial stock is perfect for the times. Motorcar Parts of America (NASDAQ: MPAA)... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Healthcare | |
After a pandemic pause, hip and knee replacements are back. Long-postponed surgeries are being rescheduled, which is bad for business at insurance companies like UnitedHealth Group Inc. (NYSE: UNH), but potentially good business for surgery centers like Surgery Partners Inc. (NASDAQ: SGRY) and com... Read the Full Story |
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Energy | |
Shares of Patterson UTI Energy Inc. (NASDAQ: PTEN) and NexTier Oilfield Solutions (NYSE: NEX) were both trading higher on June 15 following news that the companies agreed to combine in a merger of equals.
According to the companies, the combined entity, with an enterprise value of approximately ... Read the Full Story |
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Technology | |
Confluent (NASDAQ: CFLT) is a small data-streaming platform about to hit the big time. Its cloud-native services connect and process data in real-time, providing a vital service for business and industry. The hybrid multi-cloud offering is perfect for the evolving world where data and applications... Read the Full Story |
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Healthcare | |
Dogs and cats were among the biggest beneficiaries of the pandemic thanks to more attention from housebound pet owners. Pet adoption trends also skyrocketed.
As Fido and Fluffy were spoiled more than usual, huge amounts of money flowed into the pet care industry. In turn, pet-related investments... Read the Full Story |
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Consumer Staples | |
From consumer prices and interest rates to workers’ wages and California dried grapes, there’s a lot of raisin’ going on these days.
On pace for its first four-month winning streak since 2021, the S&P 500 is hovering near a 52-week high as fear-of-missing-out (FOMO) trading ... Read the Full Story |
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Monday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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