Good MorningEquity markets rallied on Thursday after another cooler-than-expected inflation report. The PPI came in below expectations and fueled hopes that inflation would soon be a thing of the past. The caveat for traders and investors is that inflation remains hot at the consumer level, and the FOMC is on track to hike rates by at least 25 basis points. The full impact of the hikes done over the past year is still not fully felt; the impact of another could tip the economy into a recession.
The S&P 500 gained nearly a full percent for the session to set a new high. The index is trading at its highest level in over a year and is set to tackle even higher levels. The next hurdle is 4,660; a new all-time high is likely if the market can move above there. The question is where the index ends the year. The expectation is for a year of flat returns. With the index showing gains for the year and moving higher, the outlook implies a correction is coming. Featured: Not plywood. A power breakthrough. (Ad) 
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Industrials | |
Despite its already-high valuation, Cintas (NASDAQ: CTAS) can scale new highs in 2023. Its FQ4 results and guidance confirm the business trajectory's growing and widening margin.
As highly valued as the stock is, the share price may pull back to more substantial support levels before it sets a n... Read the Full Story |
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Markets | |
In hindsight, the second half of 2021 was a particularly inauspicious time for a company to go public, but that’s the fate that EngageSmart Inc. (NYSE: ESMT) suffered.
Although the stock has a lot of work to do before regaining its 2021 highs, analysts expect the company to continue on its... Read the Full Story |
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Industrials | |
Delta Air Lines (NYSE: DAL) surprised the market when it released preliminary results for Q2. The news included a robust outlook for revenue and earnings driven by solid demand for travel. Travel demand is underpinned by consumer and business needs and resulted in outperformance. That’s righ... Read the Full Story |
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Consumer Discretionary | |
Just over a week ago, shares of Rivian Automotive (NASDAQ: RIVN) were in the negative year-to-date. When I first wrote about Rivian precisely one week ago, the stock was up just 6.13% YTD. Today, shares of the EV company are up over 40% YTD. After breaking above critical resistance at $22, shares ... Read the Full Story |
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Industrials | |
As temperatures reach 117 degrees Fahrenheit in Death Valley, California, Generac Holdings Inc. (NYSE: GNRC) is springing to life.
A life cross event is unfolding on the power generation equipment maker’s stock chart, a classic technical pattern that could mark the start of a long-term uptr... Read the Full Story |
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From Our Partners | | For decades, firms like Renaissance, Two Sigma, and Citadel used automated trading systems to profit from market movement itself, not direction.
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Technology | |
The computer and office equipment giant HP Inc. (NYSE: HPQ) has been trading steadily higher this year, with the stock up over 22%. Shares of HPQ recently broke above a critical level of resistance, and investors will be paying close attention from now on to see if resistance can now turn into sup... Read the Full Story |
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Consumer Staples | |
PepsiCo (NASDAQ: PEP) has been leading the beverage and consumer staples market for years, and the company is unlikely to lose its position. The Q2 results prove the pep+ strategy is working and driving value for investors. Key takeaways from the report include strength in all segments, margin imp... Read the Full Story |
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Healthcare | |
In recent Securities & Exchange Commission filings, Gilead Sciences Inc. (NASDAQ: GILD) revealed that it had purchased significant stakes in AlloVir Inc. (NASDAQ: ALVR) and Arcus Biosciences Inc. (NYSE: RCUS).
When you think of shareholders snapping up ownership in a particular stock, you pr... Read the Full Story |
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Technology | |
S&P 500 component Motorola Solutions Inc. (NYSE: MSI) is within 1% of a buy point, getting a boost on July 12 along with the broader market.
A look at the Motorola Solutions chart shows the stock forming a shallow consolidation that began on May 19, after notching gains in February, March an... Read the Full Story |
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Markets | |
An important consideration for exchange traded fund (ETF) investors is the net expense ratio. Expressed as an annualized percentage, it tells you how much of a fund’s assets under management (AUM) is put towards operating the fund itself (and in the case of equity ETFs, not towards buying st... Read the Full Story |
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Friday's Early Bird Stock Of The Day White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services. The Ark/WM Outrigger segment offers reinsurance and insurance, including property, marine and energy, accident and health, casualty, and specialty products. The Kudu segment provides capital solutions to boutique asset and wealth managers for generational ownership transfers, management buyouts, acquisitions and growth finances, and legacy partner liquidity, as well as strategic assistance to investees. The Other Operations segment offers insurance solutions to travel industry through broker channel and on a direct-to-consumer basis; and manages separate accounts and pooled investment vehicles for insurance-linked securities sectors, including catastrophe bonds, collateralized reinsurance investments, and industry loss warranties of third-party clients. White Mountains Insurance Group, Ltd. was incorporated in 1980 and is headquartered in Hamilton, Bermuda. | | View Today's Stock Pick |
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