Good MorningEquity markets advanced last week as the bear market rally gains momentum. The rally was driven by a trio of good news that amounts to news that is not as bad as expected or news that points to additional rate hikes this year. The takeaway is that the economy and the market remain in transition and will likely top out soon. The question is when and how bad the next correction will be. As it is, the S&P 500 could reach new all-time highs by the start of the peak Q2 reporting season.
This week will be a holiday-shortened week, with the 4th of July on Tuesday. The market volume will be light, but action may be volatile, specifically on Friday when the NFP report is released. The labor data should confirm that labor markets remain tight, but other data, such as wage gains and layoffs, may darken the picture. Featured: The options guide that actually starts at the beginning (Ad) 
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Consumer Discretionary | |
Tesla (NASDAQ: TSLA) was expected to increase production and set a record, but the Q2 results were shocking. The company produced 479,700 vehicles in the quarter and delivered 466,140 compared to the expected 445,000. That’s 4.7% more than expected, up 10% sequentially and 83% compared to la... Read the Full Story |
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Consumer Discretionary | |
The renowned American automaker Ford Motor Company (NYSE: F)has been making significant progress in the market this year, with its stock up over 30% YTD. Shares of Ford recently broke out of a wedge pattern on a higher time frame and experienced impressive follow-through momentum. The stock has ri... Read the Full Story |
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Industrials | |
Acuity Brands (NYSE: AYI) helped light up an opportunity in the industrial sector when it reported earnings in late June. The industrial sector is 1 of only 5 sectors expected to report earnings growth in 2023 and is seeing robust upward revisions. Revisions are driven by results from Acuity Brand... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Markets | |
What do online home furnisher Overstock.com, Inc. (NASDAQ:OSTK) and clothing retailer Burlington Stores have in common? Both are turning to the bankrupt Bed Bath & Beyond to generate inexpensive growth.
In the case of Burlington, it’s 50 shuttered Bed Bath & Beyond locations to dri... Read the Full Story |
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Industrials | |
Shares of Colombia-based architectural glass maker Tecnoglass Inc. (NASDAG: TGLS) were trading at the high end of a buy range on June 30, but given analysts’ enthusiasm for the stock, there should be plenty of actionable opportunities ahead.
Technoglas may not be a household name, but its s... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
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Technology | |
Enterprise data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock has traded in a weekly rectangle trading range for over a year as shares attempt another breakout at the upper range. Shares are up 35% year-to-date (YTD), with most gains coming in the prior six weeks. Its systems hav... Read the Full Story |
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Finance | |
Online Insurance platform Lemonade Inc. (NYSE: LMND) stock rose 22.7% year-to-date (YTD). Its artificial intelligence (AI) and machine learning (ML) powered platform can get users into insurance plans in 90 seconds. While AI is getting mainstream attention, Lemonade was built on the foundation of ... Read the Full Story |
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Consumer Staples | |
Wheat futures took a robust spike from mid-May through June 2023, rising over 15%. That rally fizzled as shares fell back down (11%) in the last week of June. The Teucrium Wheat Fund (NYSEARCA: WEAT) tracks the price of the underlying commodity. Wheat prices were initially elevated in 2022 with th... Read the Full Story |
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Technology | |
Most investors are pretty up-to-speed on how the AI boom contributed to supersized gains in the tech sector in the second quarter. Heavily-weighted stocks such as Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT), Nvidia Corp. (NASDAQ: NVDA), Broadcom Inc. (NASDAQ: AVGO) and Adobe Inc. (NA... Read the Full Story |
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Industrials | |
Investors dream of getting into a promising stock early before it goes on a rocket ride. In hindsight, plenty of investors are kicking themselves for not seeing the potential of Apple Inc. (NASDAQ: AAPL) in 1984, or Amazon.com Inc. (NASDAQ: AMZN) in 1997.
The problem with that kind of rear-view... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies. It offers marketing strategy, creative ideation, production, commerce, influencer marketing, social media management, and technology implementation services; media strategy, planning, buying and activation, commerce media, data analytics, and consulting services; and media management, public affairs, reputation, risk and crisis management, social media management, and strategic advisory services. The company also provides brand consulting, brand identity, product and service design, and corporate and brand publication services. WPP plc was founded in 1985 and is based in London, the United Kingdom. | | View Today's Stock Pick |
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