Good MorningEquity markets tread water on Monday while traders prepared for this week's main event; the CPI report. The CPI is set to be released on Wednesday. The data is expected to be mixed, with monthly gains accelerating and YOY comparisons decelerating from the previous month's data. However, the takeaway will likely be hawkish, with core CPI still hot at 5.0% YOY or hotter. Regardless, the Fed will unlikely sway from its intention to hike rates later this month and put additional pressure on the economy.
The summer stock market melt-up looks set to continue despite Monday's tepid trading and the risk of hot CPI data. The S&P 500 continues consolidating above the 4,300 level in preparation for another higher move. The next significant resistance target is 4,600, which may be reached soon. A move above that will depend on the earnings season, and it does not look like a good 1 now. AI will power results for some companies, but it is not enough to offset the weakness expected across the broad market. Featured: [Free Report] The 11-Hour Options Guide for Beginners - trade and ticker included (Ad) 
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Markets | |
Accolade Inc. (NASDAQ: ACCD) is an artificial intelligence (AI) powered healthcare platform that provides personalized healthcare guidance for employers and workers. The platform helps people manage their health by finding the right care and providers.
AI and machine learning (ML) algorithms pow... Read the Full Story |
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From Our Partners | | Porter Stansberry, founder of one of the largest financial research firms in the world, says he's breaking the biggest story of his 26-year career - an economic shift not seen since 1776.
From the government taking stakes in Intel, Lithium Americas, and MP Materials, to sweeping political changes reshaping the economy, Stansberry argues a rare 'New 1776 Moment' is already underway. One Nobel Prize winner calls it a dividing line for all of society.
His presentation covers the stocks to buy, the stocks to sell, and three money moves to position yourself on the right side of this shift. | | Watch Porter Stansberry's full briefing and learn how to prepare now |
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Retail/Wholesale | |
Integrated healthcare and pharmacy retailer Walgreens Boots Alliance Inc. (NYSE: WBA) stock has fallen 21.75% year-to-date (YTD), hitting price levels not seen since 2010.
Walgreens shares have time traveled back 13 years, causing investors to wonder if it's a bargain at just 7x forward earnings... Read the Full Story |
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Energy | |
As is often the case with equity markets, stocks that perform well one year lag the market the following year. That’s been the case with energy stocks, and in particular oil stocks, which are underperforming in many sectors in 2023.
There are a confluence of factors driving down oil price... Read the Full Story |
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From Our Partners | | Jeff Brown and Marc Chaikin - two investors who called Nvidia a decade ago - say Elon Musk's newly filed AI patent could trigger a wealth wave they're calling his biggest breakthrough yet.
They're tracking a market pattern with a 100% historical track record of major gains, and they believe it's about to collide with this invention. The last time it triggered, investors had a chance to turn $10,000 into $350,000 in roughly 12 months. | | See the details on Elon's AI patent and what comes next |
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Medical | |
One simple signal that investors can use to decide if a stock is likely to move higher is to look at analyst sentiment. An analyst is a market professional employed by either funds that buy securities (I.e. buy-side) or for brokers and banks that sell them (sell-side).
The role of analysts is t... Read the Full Story |
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Technology | |
Meta (NASDAQ: META) took the tech world by storm again with its Threads announcement. Threads is a new app built by the Instagram team that allows functionality akin to Twitter. Users log in using the Instagram account and can send messages of up to 500 characters, links, photos, and short videos.... Read the Full Story |
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From Our Partners | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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Consumer Staples | |
The action is hot in Helen Of Troy (NASDAQ: HELE) and NanoString Technologies (NASDAQ: NSTG). These unrelated companies issued better-than-expected results and guidance that have their shares up double-digits in early trading. The takeaway for traders is that both markets are bottoming on the verg... Read the Full Story |
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Retail/Wholesale | |
Americans returned from the 4th of July holiday to find the U.S. equity markets in a less than celebratory mood.
Stronger than expected economic data, including Thursday’s sharp jump in private payrolls, sent stocks retreating from their July 3rd highs. Comments from Fed speakers around ti... Read the Full Story |
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Finance | |
Market participants may have positioned in May and gone away, but the analysts have remained active. They continue to update the earnings outlook, and the first few reports from S&P 500 (NYSEARCA: SPY) have taken a toll. Currently, consensus figures for Q2, Q3, Q4 and the year continue to tren... Read the Full Story |
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Technology | | Food delivery platform DoorDash Inc. (NASDAQ: DASH) shares have climbed 61% in 2023. While it's still trading well below its all-time high of $257.25, achieved in November 2021, investors may use the recovery to consider ringing the register. DoorDash is a hypergrowth story that accelerated through ... Read the Full Story |
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Technology | |
Technology provider Microsoft Co. (NYSE: MSFT) has garnered much of the spotlight in mainstream artificial intelligence (AI) adoption in 2023. Open.ai’s launch of ChatGPT kicked off the AI mania as users climbed over 100 million in five days. Microsoft’s investment in Open.AI, parent o... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. The company also operates gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers; and offers business delivery, travel, grocery, and various other services online. It also operates e-commerce websites. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington. | | View Today's Stock Pick |
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