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: Trump goes "all-in" on Grand Canyon energy breakthrough (Ad) 
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Communication Services | |
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 |
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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 |
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Industrials | |
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 |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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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 |
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Consumer Discretionary | |
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 |
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From Our Partners | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Healthcare | |
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 |
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Markets | |
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 |
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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 |
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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 |
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Communication Services | |
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 |
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Thursday's Early Bird Stock Of The Day Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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