Good MorningEquity markets continue to move higher as earnings season gets into high gear. Reports from names like Lockheed Martin, Bank Of America, and Charles Schwab were better than expected and fueled the idea of a soft economic landing. The news is good enough that it may impact the outlook for the 2nd half earnings, which would be significant. An improvement in the 2nd half outlook would be a catalyst to lift the S&P 500 to a new all-time high.
The risk for the market is complacency. The earnings season and economic outlook are better than expected, but clouds continue to loom. The FOMC is expected to hike rates by at least 25 basis points, which will pressure the economy. More banks will fail in the coming months, credit conditions will tighten, and demand may begin to contract, putting a cap on the market. That could be at an all-time high within the next few weeks; it could be later this year when the S&P 500 begins to give guidance for calendar 2024. Featured: The case for trading fewer setups, not more (Ad) 
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Medical | |
After more than a decade of trading within a wide and volatile range, it looks like Novartis (NYSE: NVS) shares will move to a new high and sustain the move.
Despite its looming patent cliff, the company exceeds expectations, and its cash flows are solid. The cash flows allow for a healthy divid... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Technology | |
As earnings season kicks off, a different set of stocks goes under the scrutinizing spotlight of financial markets' judgment. In today's market, there are clear signs of favoritism and preference as investors begin to identify what money "likes" in the economy.
The bank stocks always drive most ... Read the Full Story |
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Industrials | |
Climate change activists have been dreaming about the "hydrogen economy" for years. Such an economy would significantly lower the world's carbon footprint while supplying clean energy that can be used in a variety of applications. These applications can theoretically include specific modes of tran... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Finance | |
Charles Schwab Corporation(NYSE: SCHW) shares rebound after several months of weak performance. The fear which drove the market to multi-years was not unfounded, but it was extreme and put the market in deep-value territory. That fact is evidenced by the surge in insider buying immediately after t... Read the Full Story |
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Markets | |
Global e-commerce and Software-as-a-Service (SaaS) provider Ebix Inc. (NASDAQ: EBIX) is a jack-of-all-trades fintech solutions provider to the insurance, travel, healthcare and e-learning industries. The company may be under the radar, but it's not new. It's been a listed public company for over 3... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Industrials | |
Mid-cap stocks give investors a “middle of the road” alternative to slow-but-steady large-cap stocks and volatile small-cap stocks. These stocks offer investors less volatility (but potentially less upside) compared to small-cap stocks. They also can offer better growth than large-cap ... Read the Full Story |
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Aerospace | |
Lockheed Martin’s (NYSE: LMT) wings were clipped in the 1st half of 2023, but the Q2 results and guidance suggest the market could fly to a new high. The company beat on the top and bottom lines and raised guidance to a range that is sure to get the analysts buzzing. As it is, the analysts v... Read the Full Story |
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Finance | |
As measured by the VIX (CBOE Volatility Index), volatility in broader equity markets has compressed significantly over the past year. 2022 saw an average VIX above 25%, historically high and massively more volatile than 2023's downtrend toward 15% and below.
This trend could imply some negative n... Read the Full Story |
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Finance | | Results from banks like Bank of America (NYSE: BAC) and JPMorgan Chase (NYSE: JPM) suggest the Fed is getting closer to achieving its much-desired soft-landing. Bank of America’s Q2 results are driven by increased client activity compounded by higher interest rates. The higher rates impact dem... Read the Full Story |
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Finance | |
The iShares Russell 2000 ETF (NYSE: IWM) has experienced impressive upward momentum in recent weeks. The result of the continued strength in the IWM has been a recent surge in volume, attention, and volatility in the small-cap market.As a float-adjusted, capitalization-weighted index that tracks t... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments. It also engages in vehicle-related financing and leasing activities to and through automotive dealers. In addition, the company provides retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, such as leasing companies, government entities, daily rental companies, and fleet customers. Further, it offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and enhance dealership facilities, purchase dealership real estate, and other dealer vehicle programs. The company was incorporated in 1903 and is based in Dearborn, Michigan. | | View Today's Stock Pick |
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