Good MorningEquity markets pulled back last week as traders prepare for this week's PCE price index. The price index is expected to show another hot increase in consumer-level inflation and keep the Fed on track to hike rates again. The question is if the FOMC will hike by only 25 basis points or if it will hike another 50 or more, as members have indicated. As it is, the market is only pricing in a single interest rate hike, and it may be surprised by the data this week.
The S&P 500 pulled back and snapped a winning streak, but it is still above the key 4,300 level, so the near-term uptrend is intact. The index may pull back to 4,300 before moving higher, but the stage is set for the updraft to continue. Even with hot inflation, the rise of AI and stimulus-related government spending underpin strength in the tech and industrial sectors and will help the market move higher. The question is how high the market will go before the reality of the Fed's new "normal" is realized.
Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Retail/Wholesale | |
Shares of the diversified auto dealership CarMax (NYSE: KMX) are flying higher by as much as 10% right during the opening hours of Friday's trading session; the quick advance comes amid the company announcing its first quarter 2024 earnings results, blowing past analyst expectations by a massive 8... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Consumer Discretionary | |
Carnival Corporation (NYSE: CCL) reported its second quarter 2023 earnings results at the market opening on Monday morning. Despite posting what seems to be optimistic financials and further expansion in the business drivers, the stock price action is reacting negatively, as it is reacting with an... Read the Full Story |
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Basic Materials | |
Commercial Metals (NYSE: CMC) stock price corrected over the past year due to falling prices and concerns over demand. The company’s Q3 results belie that sentiment and have the market moving higher. The results prove the company’s resiliency in the face of tough times and solid underl... Read the Full Story |
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From Our Partners | | See the Signals Most Traders Miss
We monitor subtle shifts in order flow, volume patterns, and early trend behavior.
Stock News Trends highlights moves long before they hit mainstream screens. | | Join Free — Start Tracking Early Market Data |
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Consumer Discretionary | |
Shares of Smith & Wesson Brands (NASDAQ: SWBI) are advancing by as much as 6.6% in the after-market hours of Thursday evening; the sudden pop in the stock comes amid the company reporting its quarterly earnings results. Despite posting some slowdowns, investors are still looking to Smith &... Read the Full Story |
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Retail/Wholesale | |
After reaching an impressive all-time high closing price of $345.46, at the height of the pandemic in 2021, shares of Wayfair (NYSE: W) have fallen over 83% to their current prices. The company had close to a $38 billion market cap at its peak. As of yesterday's closing price, the market cap of W ... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Medical | |
As often happens in highly regulated industries, the economic fate of entrepreneurs and shareholders is in the hands of politicians.
In this case, the cannabis industry is the one in question.
Although 23 states and the District of Columbia have legalized the recreational sale of marijuana, ban... Read the Full Story |
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Utilities | |
Houston-based utility NRG Energy Inc. (NYSE: NRG) gapped up 3.94% on June 22, making the stock the fastest mover in the S&P 500 for the session.
The story behind the uptick is a lesson in behind-the-scenes shareholder activism with the potential to unlock value for owners.
The move was spur... Read the Full Story |
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Retail/Wholesale | |
Quick, name the large-cap e-commerce company with triple-digit earnings growth in recent quarters, revenue growth of 35% or more, and analyst estimates for an 85% increase this year in earnings per share.
If you guessed Argentina-based MercadoLibre (NASDAQ: MELI), well, there’s no prize, bu... Read the Full Story |
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Technology | |
Rising geo-political tensions and a stunted post-COVID economic recovery have been two persistent headwinds that have led to Chinese stocks massively underperforming their US peers over the past eighteen months. While the tech-heavy NASDAQ index has already managed to gain about 40% this year, Chi... Read the Full Story |
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Utilities | |
Shares of 3M (NYSE: MMM) have broken out of the typical pattern being showcased by virtually every stock in the S&P 500 index composition, where 2021 was shown to be a year of new highs for these stocks, followed by a steady decline to today's consolidation to mark the first half of 2023.
3M'... 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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