Good MorningEquity markets retreat on Thursday after another bad economic report, and earnings from Netflix and Tesla disappointed the market. On the economic front, the Index of Leading Indicators was negative for the 15th consecutive month and worse than expected at -0.7%. That was compounded by a negative reading of the Philly Fed Survey and earnings reports from Netflix and Tesla. Both companies failed to inspire market rallies and saw their shares fall by high-single to low-double-digits, and deeper declines could be coming.
The S&P 500 fell nearly a full percent at the session's low to confirm resistance at this week's high. The move could lead to a larger decline, given the outlook for earnings has taken a hit. If the market can't regain its footing on Friday, selling could gain momentum on Monday ahead of the FOMC meeting. The FOMC is expected to hike rates by another 25 basis points, putting more pressure on the economy. In this scenario, more banks will fail, and the economy will teeter closer to the recession lurking around the corner for the last 12 months. Featured: Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid (Ad) 
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Industrials | |
Airline giant American Airlines Group (NASDAQ: AAL) reported second-quarter 2023 earnings results. The stock is trading down 6% in early trading as investors digest the report, perhaps providing an opportunity for patient value investors to buy in.
Investing in momentum is one thing; investing b... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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Consumer Discretionary | | As dubious as the signals within the housing market, stocks like D.R. Horton (NYSE: DHI) have been rallying to new highs. The rally is driven by outperformance in the face of rising rates and falling mortgage demand, and it may continue. The Q3 report is more of the same strength, but there is a cav... Read the Full Story |
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Industrials | | The market rally is starting to extend beyond the “Magnificent 7” tech stocks. Yet many analysts and economists still believe investors may be in for a nasty pullback before the year ends.
Market timing is difficult for the best of investors. But there’s still a solid strategy t... Read the Full Story |
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From Our Partners | | TradeSmith CEO Keith Kaplan warns that AI's rapid rise has a dark side, threatening American jobs and livelihoods. He says now is the time to prepare before August 31st.
TradeSmith has invested $17 million in AI tools and built a platform used by 180,000 traders worldwide. One user, Stephen, credits it with building a $2.95 million retirement portfolio. | | See where Kaplan says to move your money before August 31st |
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Healthcare | |
After three years of waiting, Johnson & Johnson (NYSE: JNJ) shares have returned to trend, a monumental event for the market which presents a potential buying opportunity for income investors.
Not only is Johnson & Johnson's business sound but results from competitors like Abbott Laborato... Read the Full Story |
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Technology | |
As the COVID-19 peak effect periods expired in 2021 and 2022, the chip industry's severe shortages caused delays in other pockets of the economy, such as new vehicles and consumer electronic products. Almost everything relying on chips saw delayed orders and increased lead times.
As the environme... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Healthcare | |
Abbott Laboratories (NYSE: ABT) is a tale of two stories. The first is its recovery from the COVID-19 boost and bubble. The second is the underlying core business, which is as strong as ever.
The company is "shrinking" due to the COVID-19-related testing and sales decline. The organic business i... Read the Full Story |
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Consumer Discretionary | |
Homebuilders traded lower as a group on July 19, ending the session down 0.20% after the National Association of Homebuilders reported that June housing starts fell more than expected.
As a whole, homebuilder stocks were down for the session. The SPDR S&P Homebuilders ETF (NYSEARCA: XHB) and... Read the Full Story |
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Industrials | |
Shares of Panamanian airline Copa Holdings S.A. (NYSE: CPA) are flying after two analysts boosted their price targets in July. The stock is in a buy zone after rebounding from a shallow pullback near its 21-day moving average.
Like many airlines in the U.S. and worldwide, Copa benefited from a s... Read the Full Story |
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Technology | |
One of the hottest topics right now is artificial intelligence (AI), and any stock that finds itself linked has experienced a wave of buying momentum. Since NVIDIA Corp's (NASDAQ: NVDA) last-quarter earnings, semiconductor stocks have been intrinsically linked to the AI story. As a result, semicon... Read the Full Story |
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Consumer Discretionary | | Tesla (NASDAQ: TSLA) shares have been rocketing higher all year, and by rights, they should continue to do so. The Q2 results are a testament to Elon Musk’s dedication and leadership abilities proving that his strategies work. The company ramped production by a mind-boggling rate compared to l... Read the Full Story |
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Friday's Early Bird Stock Of The Day Black Diamond Therapeutics, Inc., a clinical-stage oncology medicine company, focuses on the discovery and development of MasterKey therapies for patients with genetically defined tumors. The company's lead product candidate is BDTX-1535, a brain-penetrant epidermal growth factor receptor MasterKey inhibitor, which is in phase 2 clinical trial for the treatment of epidermal growth factor receptor mutant non-small cell lung cancer, as well as phase 1 clinical trial to treat glioblastoma. It is also developing BDTX-4933, a brain-penetrant RAF MasterKey inhibitor targeting KRAS, NRAS, and BRAF alterations in solid tumors that is in phase 1 clinical trial. In addition, the company is developing BDTX-4876, a MasterKey inhibitor of oncogenic FGFR2/3 mutations with selectivity versus FGFR1/4, which is in preclinical stage. The company was formerly known as ASET Therapeutics, Inc. and changed its name to Black Diamond Therapeutics, Inc. in January 2018. Black Diamond Therapeutics, Inc. was incorporated in 2014 and is headquartered in Cambridge, Massachusetts. | | View Today's Stock Pick |
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