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: Elon’s big $266,000 per second purchase (Ad) 
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Medical | |
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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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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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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Retail/Wholesale | |
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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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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Retail/Wholesale | |
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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Retail/Wholesale | | 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 | | 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. |
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Multi-Sector Conglomerates | | 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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Technology | |
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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Auto/Tires/Trucks | | 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 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 |
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