Good MorningEquity markets advanced the previous week, but the signs of economic cracking continue to grow. The S&P 500 moved higher for the session and set another new high despite the signs of cracking an expectation for the FOMC to hike rates by another 25 basis points. The move would put the base rate at the highest level in nearly 2 decades, and there is a chance this won't be the last cut. More information will come out on Wednesday with the Fed's policy statement and Friday when the PCE price index is released.
This week is also the busiest week of the Q2 earnings reporting season. Nearly 200 S&P 500 companies will report bringing the total for the season close to 50%. There is a high expectation that the season will end better than expected relative to its start but the outlook continues to decline. In this scenario, there is little reason for the market to sustain a rally and every reason to think a top in the market is near. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Retail/Wholesale | |
Ross Stores Inc. (NASDAQ: ROST) is trading higher for the week, following news that the company is opening new locations at a fast pace and is on track to add about 100 new stores during fiscal 2023.
The stock has been forming a cup-shaped pattern that’s corrected 19% so far over 28 weeks.... Read the Full Story |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Finance | |
Analysts have been vocal lately about U.S. Bancorp’s (NYSE: USB) potential, emphasizing that shares have been undervalued as investors focused on requirements for capital holdings.
U.S. Bancorp shares climbed 6.46% in heavy volume on July 19, following the bank’s second-quarter earni... Read the Full Story |
|
Retail/Wholesale | | AutoNation (NYSE: AN) has reported its second quarter 2023 earnings results to end a tumultuous week in the stock market, sending the stock plummeting upon the release. Investors may be scratching their heads when seeing that all the KPIs (Key Performance Indicators) in the business came out all rig... Read the Full Story |
|
From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
|
Finance | |
Shares of the credit card and services giant American Express (NYSE: AXP) are trading lower by as much as 5.5% during Friday's trading session, scaring some investors and exciting some as well; patient value investors need to decide which side of the emotional spectrum they will fall on today.
M... Read the Full Story |
|
Medical | | Timing is everything. Intuitive Surgical, Inc. (NASDAQ: ISRG) delighted investors by beating revenue and earnings expectations when it reported second-quarter earnings after the market closed on July 20. However, the stock dropped nearly 5% after the report.
Revenue came in at $1.76 billion, whic... Read the Full Story |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Energy | |
There are no losers in the oil field super cycle, only winners, but winning is relative. While the signs are good that the spending in upstream, natural gas, and efficiency will continue, 1 oilfield services company stands out as the clear winner. Halliburton (NYSE: HAL) offers a value relative to... Read the Full Story |
|
Transportation | |
Our regular readers will be well familiar with Joby Aviation Inc (NYSE: JOBY), whose massive potential we first wrote about last November. We flagged fresh upside potential in late February and again at the start of June, and so far, it hasn’t let us down. Shares of the electric aircraft sta... Read the Full Story |
|
Technology | |
Shares of Samsara (NYSE: IOT) have had a stellar year. The stock is up 117% year-to-date, vastly outperforming the overall market. After making a new 52-week high in June, the stock has pulled back near previous resistance and formed a bullish consolidation near its all-time highs. This makes for ... Read the Full Story |
|
Transportation | | CSX Corporation (NASDAQ: CSX) stock has been trying hard to get off a technical bottom, and the recovery might have gone off the rails. The Q2 results were less than expected and caused shares prices to tank nearly 5%. Among the many headwinds the company faces is industry normalization which is the... Read the Full Story |
|
Basic Materials | | PPG Industries (NYSE: PPG) faces many of the same headwinds as every other business in the S&P 500, but it is still producing growth. Its diversified global business is the root cause of its strength: that and its focus on operational quality. The takeaway for investors is that Q2 results and gu... Read the Full Story |
|
Monday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
|
