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: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
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 |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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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 |
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Consumer Discretionary | | 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 |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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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 |
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Healthcare | | 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 |
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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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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 |
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Industrials | |
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 |
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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 |
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Industrials | | 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 |
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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 |
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Monday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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