Good MorningEquity markets advanced on Wednesday despite another cooler-than-expected economic report. The housing starts and building permits figures were weaker than expected despite a recent downtick in mortgage rates. The news indicates a slowing within the housing sector and one that could gain momentum as the year progresses. Mortgage rates are back in the 7.5% range for an average 30-year mortgage and will likely rise, given the outlook for FOMC policy. The FOMC meets in less than a week and is expected to hike rates another 25 basis points.
The S&P 500 continues to rise but is heading for a hard ceiling. How it gets is still questionable, but signs are growing that the top could be closer than many market participants realize. The next target for solid resistance is at an all-time high, which will be reached soon. At the pace the market is advancing, the all-time high could be reached by the end of the summer. If the market can't move to a new high, the odds are high that equity markets will remain range bound for the remainder of the year. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Energy | |
Baker Hughes Company (NASDAQ: BKR) beat on the top and bottom lines in its second-quarter earnings report on July 19. Earnings per share (EPS) of 39 cents on revenue of $6.32 billion was higher than analysts' expectations for EPS of 32 cents on revenue of $6.27 billion.
However, after initially ... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Retail/Wholesale | |
Which burger joint has the best fries is debatable, but there's no debating that Arcos Dorados Holdings Inc. (NYSE: ARCO) is the hottest stock in fast food. Arcos Dorados translates to "Golden Arches" in English.
The world's largest independent McDonald's franchisee climbed as much as 56% off it... Read the Full Story |
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Technology | |
If you look at the chart of Apple’s (NASDAQ: AAPL) stock price and wonder if it can bob to another new high, the odds are high that it can do so. This is among the world’s most-followed, most-traded, and widely held names. When the economy is doing well, it goes hand-in-hand that Apple... Read the Full Story |
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Transportation | |
As weak as the Q2 results are, shares of J.B. Hunt Transportation Services (NASDAQ: JBHT) are moving higher and could set a new all-time high by the end of the year. The results are weak due to market conditions that have corrected from pandemic-inspired levels. However, the takeaway from the repo... Read the Full Story |
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Finance | |
Most investors may be disappointed that the mystical firm, The Goldman Sachs Group (NYSE: GS), a name often synonymous with the creme de la creme on Wall Street, has reported declining business profitability. Regarding banking earnings this summer, there is a degree of expectancy from markets and ... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Retail/Wholesale | | Carvana (NASDAQ: CVNA) has struggled to regain business and stock price traction for the last year. The stock price has suffered from significant short-selling with short interest over 50% of the float. That’s a ridiculously high figure and a primary reason the stock is up 42% in pre-market ac... Read the Full Story |
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Medical | | Two years removed from an IPO, Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS) looks like it made a good decision to go public. Shares of the Charlottesville, Virginia-based biotechnology company skyrocketed as much as 80% in Monday morning trading after it reported encouraging Alzheimer’s disease... Read the Full Story |
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Consumer Discretionary | | In May 2023, concert promoter Live Nation Entertainment, Inc. (NYSE: LYV) announced first-quarter financials that brought the house down. Its stock rally since suggests investors want an encore performance.
Roughly $30.00 has been added to Live Nation’s share price over the last few months, p... Read the Full Story |
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Auto/Tires/Trucks | |
In what’s been a strong recovery year for electric vehicle (EV) makers, Canoo Inc. (NYSE: GOEV) has mostly gone against the tide. Last month, shares of the California-based EV longshot slipped to a record low of $0.41, extending a dreadful reversal from nearly $25.00.
In July 2023 though, ... Read the Full Story |
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Technology | |
Among other cybersecurity stocks, ZScaler (NASDAQ: ZS) has been trying to effect a rebound and reversal all year. The industry has struggled to gain momentum, but that may be ending. It’s been about a month since the company’s FQ3/CQ strong earnings report, and the chart looks as bulli... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. The company also offers advertising services, as well as sells merchandises through online platform or distributors. Smart Share Global Limited was incorporated in 2017 and is headquartered in Shanghai, the People's Republic of China. | | View Today's Stock Pick |
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