Good MorningEquity markets advanced on Wednesday following a cooler-than-expected CPI report. The CPI report was cooler than expected on a month-to-month and YOY basis and at the headline and core levels, spurring the index to advance roughly 1.0% at the high of the day. The bad news is that CPI is still hot relative to the Fed's target and did little to alter the outlook for interest rates. The data caused the odds for a 25 basis point hike to increase to near 100%.
The S&P 500 advanced on Wednesday, but resistance has slowed the index's advance. The next target for strong resistance is near 4,600, which might be reached within the next few weeks. The risk for the market is that the July Fed meeting or the Q2 earnings reporting cycle could cap gains. The EPS outlook continues to deteriorate, and additional interest rate hikes will do little to alter the trend. Featured: I just held arguably the most important event in my entire career (Ad) 
|
Consumer Discretionary | |
Netflix (NASDAQ: NFLX) made some big changes over the last year, but the signs are good that those changes are working for the better. The combination of password-sharing initiatives and paid-subscriptions tiers has allowed the company to return to growth both in user count and operating metrics.
... Read the Full Story |
|
From Our Partners | | Zero-days-to-expiration trades happen every single day - and most traders either ignore them or use them wrong.
Dave Aquino's 0DTE Playbook breaks down a step-by-step strategy designed for shorter risk exposure, clear entry and exit windows, and faster feedback - no chart-watching required. | | Click here to see how the 0DTE Playbook works |
|
Markets | |
Suppose you’re looking for a sector that will benefit from an end to the Federal Reserve’s interest rate hiking campaign. In that case, you may look at biotech stocks, a sector filled with long-dated assets, meaning their value is sensitive to changes in interest rates.
One reason fo... Read the Full Story |
|
Transportation | |
The market has favored the transportation and warehousing industry, vastly assigning resources to companies operating within it.
Three names stand out within the market's favorite industry: Old Dominion Freight Line (NASDAQ: ODFL), Saia (NASDAQ: SAIA) and RXO (NYSE: RXO) are at the top of the "po... Read the Full Story |
|
From Our Partners | | A scheduled announcement on July 31st could reshuffle the stock market's winners and losers - and one lesser-known name may be positioned to benefit while the Magnificent 7 stumbles.
Smaller, overlooked stocks are showing growing potential to challenge AI's biggest players. One specific ticker stands out heading into that date. | | Get the name and ticker of this stock on your radar now |
|
Consumer Staples | |
Beyond Meat (NASDAQ: BYND) deserves its spot among the most shorted stocks on Wall Street, but the story is played. The company’s attempt to enter the mainstream market via fast food was a flop, but the recovery is underway. The recovery includes a focus on profitability, a renewed focus on ... Read the Full Story |
|
Retail/Wholesale | |
After trading sideways in a tight range for more than a year, the stars are finally aligning once more for Alibaba Group Holding Ltd (NYSE: BABA) stock. Shares of the Chinese e-commerce and cloud computing giant had to endure one of the more publicized slides from highs over the past two years, wi... Read the Full Story |
|
From Our Partners | | Looking for better stock ideas? Sign-up to receive The Early Bird Stock of the Day. Each day, MarketBeat's team of expert research analysts identifies one compelling stock and provides both a bull case and a bear case for each company. | | Get The Early Bird's Stock of the Day (Free) |
|
Medical | |
Arguably the most impressive mover yesterday was a stock you have probably never heard of. Shares of Eloxx Pharmaceuticals (NASDAQ: ELOX) rocketed almost 100% yesterday after receiving an increased price target from Oppenheimer. The increased price target follows Monday's announced publication, de... Read the Full Story |
|
Finance | |
The equity markets increased following the June read of CPI, but investors should not be optimistic about the news. As good as cooling inflation is, inflation remains hot, and the market has many hurdles. Among them is the FOMC which is still expected to hike interest rates again this year. That h... Read the Full Story |
|
Markets | |
Having been used in currency, jewelry and royal architecture for centuries, precious metals like gold and silver have an inherent, alluring quality. For investors, the allure of gold and silver goes far beyond their vibrant hues and versatile decorative nature, acting as a hedge when assets like s... Read the Full Story |
|
Markets | |
Activision Blizzard Inc. (NASDAQ: ATVI) shares rose to the call of duty on July 11, advancing 10.02% in heavy trading volume as a federal judge gave the OK for Microsoft Corp. (NASDAQ: MSFT) to proceed with its acquisition of the game maker.
It was the stock’s best price action in over a y... Read the Full Story |
|
Technology | |
The market for Shutterstock (NASDAQ: SSTK) stock is down 60% from its highs, but the bottom is finally in. The stock is among the most over-sold on Wall Street and shows signs of a budding reversal that could send the market back to its pandemically-inspired highs. The latest news confirms a trend... Read the Full Story |
|
Thursday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
|
