Good MorningEquity markets tread water on a holiday-shortened trading day at the start of a holiday-shortened week. The S&P 500 traded within a very tight range to close relatively unchanged from the prior week as traders prepare for the holiday and a highly-anticipated NFP read at the end of the week. The NFP is expected to show solid job gains and a decline in inflation that will allow the Fed to continue hiking rates. Additionally, wage gains are expected to continue to underpin inflation and lead to additional interest rate hikes.
The Fed's next move will come later this month. The FOMC is expected to hike rates by 25 basis points and put the core rate at the highest level in over 2 decades, ushering in economic conditions not seen since the 1980s. The consensus is that interest rates will still be higher through the end of the year and put a cap on demand. In this scenario, the recession the market has feared for the last 18 months gets closer to reality. Featured: AI doesn’t run on chips. It runs on this. (Ad) 
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Transportation | |
Grounded for most of its public market history, Joby Aviation, Inc. (NYSE: JOBY) is taking off — again.
Shares of the electric passenger aircraft maker rose 62% last week after the company received permission to fly its all-electric, vertical take-off and landing (eVTOL) ‘air taxi.&rs... Read the Full Story |
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From Our Partners | | Porter Stansberry says a dollar reset is underway - one that has happened only once before in America's 250-year history, back in 1974 with a secret Saudi deal that reshaped an entire generation's wealth.
Today, a landmark treaty called Pax Silica - signed by 13 nations in December 2025 and barely covered in the press - is at the center of what Fortune calls 'the biggest change to the world's relationship with the dollar' in a generation. The stocks to buy, the assets to avoid, and the moves to consider are outlined in Stansberry's new briefing. | | Read the full briefing and see how to position yourself now |
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Auto/Tires/Trucks | |
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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Auto/Tires/Trucks | |
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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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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Business Services | |
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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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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From Our Partners | | Jeff Brown and Marc Chaikin - the duo who identified Nvidia a decade ago - are forecasting that Elon Musk's AI breakthrough they call 'M.A.G.I.' will collide with a rare market pattern by July 30.
That pattern carries a 100% historical track record. The last time it triggered, early investors had a chance to turn $10,000 into as much as $350,000 in roughly 12 months. | | See the full breakdown of their AI prediction before July 30 |
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Construction | |
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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Manufacturing | |
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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Wednesday's Early Bird Stock Of The Day Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders. The Annuities segment offers variable, fixed, and registered index-linked annuities. The Group Protection segment offers group non-medical insurance products consisting of short and long-term disability and statutory disability; paid family medical leave administration and absence management services; term life; dental and vision; and accident, critical illness, and hospital indemnity benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace; individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and various plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is headquartered in Radnor, Pennsylvania. | | View Today's Stock Pick |
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