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: When I found Rolls-Royce under $2, most people thought I was crazy (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 | | Wall Street insider Jason Bodner - who called Nvidia at $4.50 - says today's most popular AI stocks are about to hit a wall. A new 'light-speed' device he calls 'Accelerated AI' could make current AI 100 times faster and 100 times more energy efficient.
Investors like Elon Musk, Mark Zuckerberg, Cathie Wood, and Bill Gates are already repositioning. Jason is naming 10 AI stocks he says to dump before this shift goes mainstream - names sitting in millions of 401(k)s and IRAs. | | Watch Jason's urgent video to find out which stocks to avoid |
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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 | | The government just committed $200 billion to building computer chips on American soil - one of the largest technology bets in U.S. history.
George Gilder, who has tracked technology signals for over 40 years, believes Washington just tipped its hand. He says this move points to a coming shift in computing that could leave today's machines behind - and most investors have already moved past the headline. | | See the signal George Gilder is reading before the market catches on |
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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 | | Nvidia is up 203% this year. Microsoft, Amazon, Apple, and Alphabet have each surged between 36% and 62%. But one analyst believes the biggest AI winner hasn't been discovered yet.
He calls it the 'AI Wonder Stock' - a company with a market cap less than 1/1,000th of Microsoft's, still early-stage while the AI wave builds momentum. | | Watch the free presentation to see the AI Wonder Stock now |
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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 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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