Good MorningEquity markets began the final week of June on shaky footing. The S&P 500 hovered within a tight range but closed lower for the session. The move is due in part to caution; the PCE price index is due out later this week and should be a market-moving event. The question is which way the market will move, and the bias now is upward. The index is expected to show core inflation moderating to 4.6% YOY, which is good news, but the FOMC will remain hawkish at this level.
The next few weeks will be trying times for the market. The PCE price index is only 1 worry; after that, there is fear the FOMC will hike rates to the point that it will crack the economy more. Fed members, including Jerome Powell, have indicated that 2 or more hikes are still possible; increases will likely cause more bank failures and consolidation within the financial industry. The only good news is that AI is lifting the tech sector and may continue to do so through the end of the summer. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Technology | |
Vuzix Corporation (NASDAQ: VUZI) makes augmented reality (AR) glasses and solutions for the manufacturing, healthcare, aerospace, military and industrial industries. Most consumers might equate AR glasses to gaming or entertainment, but work applications are continuing to grow as the need for mobi... 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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Basic Materials | |
Sherwin-Williams (NYSE: SHW) shares prices have been under pressure for over a year, but those times are ending. The pressure is due to economic headwinds, high inflation, and sluggish housing markets, but now the outlook is brightening. The outlook isn’t rosy, but analysts see housing marke... Read the Full Story |
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Markets | |
Video game publisher Activision Blizzard Inc. (NASDAQ: ATVI) is enjoying unprecedented success with its Diablo IV video game release on June 6, 2023. It has been the fastest-selling videogame in Blizzard’s history, raking in $666 million in the first five days. However, this isn't an overnig... Read the Full Story |
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Technology | |
MongoDB (NASDAQ: MDB) emerged as an AI play when it released FQ1 earnings in early June. The company beat on the top and bottom lines and issued clear guidance saying it was well-positioned to benefit from the AI boom. Not only is it critical to the AI infrastructure, it is a cloud-based database ... Read the Full Story |
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Auto/Tires/Trucks | | To stimulate sagging electric vehicle (EV) sales, China unveiled a package of tax breaks valued at $72.3 billion (520 billion yuan) over the next four years. This initially caused a spike in shares of Chinese EV maker NIO Inc. (NYSE: NIO) as well as peers Xpeng Inc. (NASDAQ: XPEV) and Li Auto Inc. (... 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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Auto/Tires/Trucks | |
In an ever-evolving world of investments, and increased uncertainty in global markets, owning or investing in high dividend yield stocks has emerged as an enticing avenue for investors seeking a stable income and long-term wealth creation. Such stocks, often belonging to companies with solid cash ... Read the Full Story |
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Business Services | |
Yext Inc. (NASDAQ: YEXT) offers a one-stop shop platform for businesses to create, adjust and update information about them. The artificial intelligence (AI) powered content management platform updates the information consistently across the internet and mobile sources. It lets businesses stay abr... Read the Full Story |
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Technology | |
Since its debut on the NYSE in 2017, shares of Snap (NYSE: SNAP) have experienced significant volatility. After pricing its IPO at $17, shares of the company opened on NYSE at $24, up 41% from pricing, and closed the day up 44% from the IPO price. At the close of its first day of trading, the comp... Read the Full Story |
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Medical | |
ImmunoGen Inc. (NASDAQ: IMGN) is a commercial-stage biotechnology company leading in antibody-drug conjugates (ADC). ADCs are like heat-seeking missiles that target and selectively deliver cancer-killing toxins to tumor cells while leaving healthy cells alone using antibodies that bind to antigens... Read the Full Story |
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Markets | |
The artificial intelligence (AI) deployment trend is bolstering stock prices throughout the market. Many stocks are just rising with the currents, but many companies are seeing a material impact due to the AI deployment trend. Network communications solutions provider Juniper Networks (NYSE: JNPR)... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Cardinal Health, Inc. operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products. The segment also provides services to pharmaceutical manufacturers and healthcare providers for specialty pharmaceutical products; operates nuclear pharmacies and radiopharmaceutical manufacturing facilities; repackages generic pharmaceuticals and over-the-counter healthcare products; and provides pharmacy management services to hospitals. The Medical segment manufactures, sources, and distributes Cardinal Health branded medical, surgical, and laboratory products and devices that include exam and surgical gloves; needles, syringe, and sharps disposals; compressions; incontinences; nutritional delivery products; wound care products; single-use surgical drapes, gowns, and apparels; fluid suction and collection systems; urology products; operating room supply products; and electrode product lines. The segment also distributes a range of national brand products, including medical, surgical, and laboratory products; provides supply chain services and solutions to hospitals, ambulatory surgery centers, clinical laboratories, and other healthcare providers; and assembles and sells sterile, and non-sterile procedure kits. The company was incorporated in 1979 and is headquartered in Dublin, Ohio. | | View Today's Stock Pick |
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