Good MorningEquity markets tread water on Wednesday as traders and investors await today's critical inflation report. The July CPI report is expected to show inflation remains hot and will lead the FOMC to hike rates again later this year. With oil prices breaking out to new 1-year highs, cool data may not matter because inflation will rise again. The price of WTI is moving steadily higher under the force of supply/demand imbalances put in place by OPEC. The way the market is tilted, it is likely that WTI will soon be tickling the $100 region.
The next hurdles for the market will come next week when the major retailers begin reporting. Consumer spending has underpinned the economy for the last 2 years and is expected to sustain steady results, if not growth, in the retail industry. The question is which retailers will come out on top given the shifts in spending habits caused by inflation. Discretionary names may not fare well. Featured: The Calm Before the Rotation — What’s Quietly Building Now (Stock Wire News) (Ad) 
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Energy | |
Shares of oil-and-gas infrastructure specialist Kinder Morgan Inc. (NYSE: KMI) are consolidating below a potential buy point north of $20.20.
The stock got an initial boost after its second-quarter report on July 19, but is now essentially flat after declining for two weeks.
Earnings came in at... Read the Full Story |
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From Our Partners | | Major banks have slashed their gold price targets - Morgan Stanley to $4450, JPMorgan to $4500 - after predicting $6000 gold earlier this year.
Ross Givens, a former Wall Street insider, says bank targets tend to follow price rather than lead it. He still expects gold to reach $10000 an ounce this cycle.
Givens points to a backdoor asset that gained 846%, 1668%, and 1915% in the last gold cycle. | | See the trade Ross Givens recommends for this gold cycle now |
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Consumer Staples | |
On August 10th and August 11th, investors will get the next read on inflation. On August 10, the latest read on the Consumer Price Index (CPI) is released. That will be followed by the Producer Price Index (PPI) on Friday.
Many economists and market analysts are forecasting that core inflation ... Read the Full Story |
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Consumer Discretionary | |
The price action in Wendy’s (NASDAQ: WEN) stock was mixed following the Q2 earnings release, but everything within the report, along with the dividend and stock valuation, suggests it’s about to rocket higher.
Wendy’s trades at only 22X its earnings which is high relative to the... Read the Full Story |
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From Our Partners | | MindWalk Holdings (NASDAQ: HYFT) is applying AI to drug discovery, and its customer base already includes 19 of the top 20 global pharmaceutical companies.
The company's HYFT technology maps roughly 660 million biological patterns and 25 billion relationships. Q1 fiscal 2027 revenue hit $3.8 million, with gross margin improving to 59 percent in its fifth consecutive quarter of year-over-year growth.
A new OpenFold3 deployment delivered about 5x faster antibody-antigen inference, and a $30 million revolving credit line, free of warrants or equity conversion, adds fuel for expansion. | | Take a closer look at HYFT before AI reshapes drug discovery. |
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Consumer Discretionary | |
The electric vehicles (EV) industry has been one of the hottest out there in recent years. And even though the rising interest rate cycle has made it more expensive for EV stocks, which are growth stocks by definition, to fund their expansion, it feels like it’s an unstoppable force at this ... Read the Full Story |
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Industrials | |
As the United States economy begins to face its next central inflection point or, put, a potential pivot into a lower gear, some industries begin to receive differentiated treatment from the market as a whole. Investors today can start to gauge where the new momentum and favoritism are focused and... Read the Full Story |
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From Our Partners | | When Moonshot AI's new model rattled overnight markets, stocks gapped down 1 percent before the open, and history shows the story doesn't end there.
Between 9 30 and 9 50 AM, Wall Street settles nearly 25 percent of the day's total volume in a single 20 minute window, often revealing market direction for the rest of the morning.
A former money manager breaks down the floor data behind this pattern, including a June 25th session where inflation surged past 4 percent and the market moved just 0.3 percent afterward. | | Watch the full video breakdown before access is taken down |
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Consumer Discretionary | |
The Rivian (NASDAQ: RIVN) market hit bottom and shifted into reverse earlier this year. With production ramps moving along nicely and the Q2 results above expectations, the market for this stock is about to shift into a higher gear. The recent pullback in the price action confirms support at a cri... Read the Full Story |
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Energy | |
Many investors are motivated to sell a stock when they notice that company insiders are dumping their shares. However, company insiders can sell a stock for many reasons, and many of those have nothing to do with the stock’s performance.
On the other hand, heavy insider buying is a solid p... Read the Full Story |
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Healthcare | |
Weight-loss drugs are the pharmaceutical industry’s equivalent of AI, in the sense of being a product with the capability to send shares soaring. Novo Nordisk A/S (NYSE: NVO), maker of Wegovy, saw its stock gap up more than 16% on August 8, after the weight-loss medication demonstrated a not... Read the Full Story |
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Consumer Discretionary | |
Earnings season is always an important time for investors. This is because earnings growth (i.e. higher profits) is the single best predictor of stock price growth. Over time, stocks of companies that are reporting earnings growth will go up.
This is true for every sector, including the technol... Read the Full Story |
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Industrials | |
Shares of the world’s largest business freelance platform Upwork. Inc. (NASDAQ: UPWK) exploded higher by more than 50% higher on its Q2 2023 earnings report. Upwork was formed from a merger between the two largest freelancer marketplace platforms, Elance and oDesk, in 2013.
Through cost cut... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Inspirato Incorporated, together with its subsidiaries, operates as a subscription-based luxury travel company. The company's portfolio includes luxury vacation homes, and accommodations at luxury hotels and resorts, as well as luxury safaris, cruises, custom-designed itineraries, and other experiences. It is involved in solving critical pain points for hospitality suppliers seeking to monetize their property with rental income. In addition, the company offers Inspirato Pass for member to book pass trips; Inspirato Club for members to book trips up to one year in advance Inspirato for Good, a platform designed to help nonprofit organizations accelerate funding results; Inspirato for Business, a business-to-business channel through which subscription and travel products are sold directly to businesses seeking to leverage luxury accommodations to recruit, retain, and reward their employees. The company was founded in 2010 and is headquartered in Denver, Colorado. | | View Today's Stock Pick |
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