Good MorningEquity markets moved higher on Monday to put the S&P 500 at its highest closing level in over a year. The move was driven by a lack of news more than anything else as the market takes a breath in wait for what's to come this week. On the earnings front, the market expects reports from nearly 200 S&P 500 companies, making this the busiest week of the reporting cycle. Reports from Microsoft to The Coca-Company are due out and will give more evidence of what to expect from the 2nd half of the year.
On the economic front, the market is waiting for the Fed's next move and the most recent data on inflation. The Fed meets on Tuesday and Wednesday and is expected to hike rates by another 25 basis points. The question is what they do next, and the answer may come on Friday. The PCE price index is due out on Friday and is expected to moderate. If the index is cooler than expected, it could lead the market to new highs. If not, the threat of FOMC rate hikes will linger and weigh on the market. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Business Services | |
Payment processing specialist Shift4 Payments Inc. (NYSE: FOUR) formed a bullish base below resistance at $76.40. Its second-quarter earnings report on August 3 is a possible catalyst for a significant price move.
Shift4 is part of the payment processors sub-industry, which includes large-cap lu... Read the Full Story |
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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 |
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Consumer Discretionary | | When Under Armour, Inc. (NYSE: UAA) reports quarterly results next week, Wall Street won’t be expecting much — and that’s a good thing.
Analysts project that the athletic clothing manufacturer will report $1.3 billion in revenue. It would be its lowest top line figure in two years... Read the Full Story |
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Technology | | On July 26, the Federal Reserve is likely to raise interest rates by 25 basis points (0.25%). As much hype as analysts put on the Federal Reserve’s decision, the announcement itself tends to be a non-event. The Fed doesn’t like to surprise Wall Street and generally doesn’t.
It&r... Read the Full Story |
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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 |
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Consumer Discretionary | |
Could the recent action in AMC Entertainment Holdings Inc. (NYSE:AMC) stock be a preview of last summer's blockbuster short squeeze?
Nearly eight million moviegoers worldwide visited an AMC Theater over the highly anticipated "Barbenheimer" weekend. It marked the movie chain operator's busiest ex... Read the Full Story |
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Auto/Tires/Trucks | |
Since breaking out over critical resistance at $16, shares of Rivian Automotive (NASDAQ: RIVN) haven’t looked back. The stock is up almost 87% in the last month and 106% over the previous three months. Initially fueled by production and delivery figures that crushed estimates, the move has b... Read the Full Story |
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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.
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Retail/Wholesale | | Domino’s Pizza (NYSE: DPZ) has been working hard to grow its business over the past 2 years, and those efforts are starting to regain traction. The contraction in business caused by the bursting social-distancing bubble had a profound impact on the comps, which has had a similarly profound imp... Read the Full Story |
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Transportation | |
A word of warning for investors holding shares in Ryanair (NASDAQ: RYAAY), with high potential upside, comes high potential volatility. Shares of the European airline are down by as much as 9.6% during the pre-market hours of Monday morning, an initial sign of disapproval from markets.
As the co... Read the Full Story |
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Consumer Discretionary | | Global gaming company Light & Wonder Inc. (NYSE: LNW) was formerly Scientific Games. It's a worldwide leader in gaming machines and products for licensed casinos, lotteries and gaming markets based in Las Vegas, Nevada. Its products include casino slot machines, tabletop games, lottery systems, ... Read the Full Story |
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Consumer Discretionary | |
The Liquid Metal and Octane hard rock stations aren’t the only things making noise at Sirius XM Holdings Inc. (NASDAQ:SIRI) these days.
On Thursday, shares of the nation’s top satellite radio operator surged 42% in an apparent short squeeze event. Short squeeze refers to when bullish... Read the Full Story |
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Medical | |
Shares of Eli Lilly & Co. (NYSE: LLY) closed 2.80% higher for the week ended July 21, a week after Lilly said it would buy Versanis, a privately held clinical-stage biopharmaceutical company focused on the development of new weight-loss treatments.
Pharmaceuticals and biotechs are scrambling... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services. It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services. It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; retirement plan services; mutual fund clearing services; and advisor services, including interactive tools and educational content. The Company operates through branch offices. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas. | | View Today's Stock Pick |
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