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: The case for trading fewer setups, not more (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 | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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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 | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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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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Auto/Tires/Trucks | | 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 | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Medical | |
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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Medical | |
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 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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