Good MorningEquity markets pulled back on Thursday after the reality of the FOMC's latest rate hike was digested. The hike, another 25 basis points, puts the base rate at over 550 basis points and the highest level in over 2 decades. The full effect of the already implemented hikes has yet to be felt, which means that economic headwinds will persist for at least another year. In this scenario, more banks will fail, leading to consolidation within the industry and ever-tightening credit conditions.
The S&P 500 fell more than 0.65% at the session's low and formed a Bearish Attack Pattern. The pattern suggests a top to the market and could lead to a correction. The question is how deep the correction will be; investors should expect to see the market fall 1% to 3% at least before it hits bottom. If today's PCE price index confirms the need for additional interest rate hikes the sell-off could be monumental. Featured: Buy Gold In 37 Seconds (Ad) 
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Healthcare | |
One of the most aggressive and difficult-to-treat ailments, cancer is a disease that involves the uncontrolled division and growth of malignant cells. There are many types of cancer, many of which have limited cure and treatment options. However, a cancer diagnosis is no longer a death sentence &m... Read the Full Story |
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Technology | | C3.ai (NYSE: AI) has been one of the standout artificial intelligence performers of the year. Year-to-date shares of AI are up 269%, significantly outperforming the overall market and competitors. As the stock shrugs off negative catalysts, continuing to trade higher and form attractive technical se... Read the Full Story |
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Consumer Discretionary | |
Shares of Chipotle Mexican Grill (NYS: CMG) are down about 10% following the Q2 earnings report, but this is not the time to head for the exit. The company’s report was mixed but not worth 10% given the growth outlook, which includes an international expansion. Some takeaways from the report... Read the Full Story |
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Consumer Discretionary | |
The price action in Tractor Supply Company (NASDAQ: TSCO) experienced a mild correction earlier this year, and they may move lower within a trading range. That said, there are reasons to believe the stock has solid support and will be able to hit new highs this year and next.
While the Q2 results... Read the Full Story |
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Consumer Discretionary | | McDonald’s Corporation (NYSE: MCD) continues to deliver value to consumers even as the company faces margin pressure at the franchisee level. That’s the key takeaway from a solid earnings report that highlights the fast-food giant’s continued leadership in the sector.
On the earn... Read the Full Story |
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From Our Partners | | A viral photo of a handshake with President Trump has investors buzzing. James Altucher says the man in it could reveal where the next wave of AI growth is headed.
The industry in question is projected to grow 190,597 percent by 2040, according to Altucher, who calls the mystery figure the Nostradamus of AI. | | Click here to uncover the AI trend behind this viral photo |
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Industrials | | Shares of Honeywell International (NASDAQ: HON) are trading lower during the pre-market hours of Thursday morning, which is a completely uncalled-for reaction considering what is happening to the company. Honeywell released its second quarter 2023 earnings results earlier this morning, beating expec... Read the Full Story |
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Communication Services | |
Meta Platforms (NASDAQ: META) delivered a genuinely exceptional Q2 report. The expectation was for signs the year of efficiency was paying off, but that story reverted to the original: Meta Platforms is a wicked hot growth company on track to post double-digit gains this year and next.
There are ... Read the Full Story |
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Consumer Discretionary | | In 2021, many investors learned a painful lesson that the time it would take to make self-driving cars a reality didn’t match up to the hype. But that doesn’t change the fact that the underlying technology behind autonomous driving is still sound. And many companies have big plans to mak... Read the Full Story |
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Consumer Discretionary | | There is a delayed reaction from markets regarding Wyndham Hotels & Resorts (NYSE: WH), as the stock shows little to no change after the company reports its second quarter 2023 earnings results. The stock has struggled to find proper direction during the past year, as it has traded in a tight ch... Read the Full Story |
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Technology | | If you enjoy uncovering those lesser-known, small companies that are racking up price and earnings gains because their products and services are hot, then you’ll want to know about Minnesota-based Digi International Inc. (NASDAQ: DGII).
This is a stock worth watching, as it’s been form... Read the Full Story |
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Friday's Early Bird Stock Of The Day Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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