Good MorningEquity markets were steady on Monday as traders waited on key reports from the retail sector. The July reading of Retail is due today, along with reports from Home Depot and other major retailers. Walmart and Target are also expected to report this week and will indicate what to expect from the consumer in Q3 and Q4. The story so far is that shifting consumer habits are cutting into discretionary spending, but rising inflation continues to sustain solid spending.
The next major hurdle for the market comes on Wednesday when the FOMC releases the minutes from their last meeting. The committee is not expected to indicate a rate hike at the next meeting, but inflation trends suggest the rhetoric will be hawkish. The question is if the market will heed the warning, if any, that additional hikes are coming. As it is, the market is pricing in a low expectation for another hike in 2023. Featured: Inside a Former Merrill Lynch Advisor's Income Playbook (Ad) 
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Consumer Discretionary | |
3 Sizzling Dividends That Are Going On Sale
Fast Food stocks have a trying time in 2023, and their shares are under pressure. The problem is not that the companies can’t grow because they are or that they can’t improve profitability because they are doing that too. The problem is ... Read the Full Story |
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From Our Partners | | The Midterm Election Playbook normally sells for 29.97, but it is free today.
With the midterms just weeks away, this is the moment it matters most, before headlines push you into a decision you might regret.
Download your free copy before Election Day while it is still available. | | Download your free Midterm Election Playbook before Election Day |
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Communication Services | |
Despite landing a solid beat on analyst expectations for their Q2 earnings last week, shares of Trade Desk Inc (NASDAQ: TTD) have been on the defensive in the trading sessions since then. Having actually climbed to 52-week highs in the days before the report was released, the subsequent drop will ... Read the Full Story |
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Markets | |
The market breathed a sigh of relief when the July CPI data was released, but there is nothing in the data for bulls to cheer. The relatively cool nature of the data is a positive signal but 1 in which the news is less bad than before and not actually good. The takeaway is that inflation cooled du... Read the Full Story |
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From Our Partners | | SpaceX just went public - and Whitney Tilson, Harvard MBA and 30-year Wall Street veteran, says buying in could be a costly mistake. He calls it among the most overhyped, overvalued large-cap offerings ever pushed onto everyday investors.
Tilson believes a rare economic event is approaching - one with serious consequences for your portfolio this summer. He has prepared a free analysis outlining what he sees and the specific steps he recommends taking now. | | Read Tilson's free analysis and find out what to do with your money |
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Consumer Discretionary | |
Digital sportsbook and gaming platform DraftKings Inc. (NASDAQ: DKNG) stock is up 125% year-to-date (YTD) as new states continue to approve online sports betting and iGaming. The Company is still losing money, but revenues are ramping up. The Company had an 88% top-line growth spurt in Q2 2023.
T... Read the Full Story |
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Consumer Discretionary | |
There’s an investing phenomenon called “home country bias,” which refers to the tendency of investors to disproportionately favor assets from their own country, despite the potential benefits of diversifying with overseas stocks.
U.S. investors who only look inward are missing o... Read the Full Story |
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From Our Partners | | A former manager of a firm that traded $200 billion per day says traders can target payouts on weekends without owning a single share of AAPL, TSLA, META and more.
On September 23rd, his closed group saw a shot at an extra $1,196 while the rest of the market sat idle. Now he is showing exactly how he approaches these trades. | | See how this weekend trading strategy works right now |
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Technology | | Growth or value? Top or bottom line? While investing in stocks with both is preferable, they tend to be expensive. Stocks that meet one of the two priorities tend to be better priced.
During earnings season, investors get exposed to numerous stocks that fall into the growth or value category. If yo... Read the Full Story |
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Energy | |
Exxon Mobil Corp. (NYSE: XOM) has been struggling below resistance near $119 as it forms a follow-on base after undercutting previous structure lows.
The stock has been quietly rallying in recent weeks, notching small weekly gains in above-average turnover. Its one-month return is 5.19%, which is... Read the Full Story |
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Technology | |
With earnings season well underway, investors are watching pretty much every industry closely. Banks, for example, need to show they can continue benefiting from the rising rates cycle, while tech needs to show it's finally returning to consistent growth. Both industries have seen just how exposed... Read the Full Story |
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Healthcare | |
There’s a reason why many investors own one or more pharmaceutical stocks. This is a $1.2 trillion industry that is essential to the quality of life for many people. And every year, companies in this sector are getting closer to real breakthroughs in areas like diabetes, cancer, even Alzheim... Read the Full Story |
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Industrials | |
Plug Power's (NASDAQ: PLUG) share price fell more than 15% following the Q2 release and no wonder. The timetables for the full commissioning of its flagship green hydrogen-producing plants have been pushed out by at least 2 quarters. That and the mounting losses have raised questions and concerns ... Read the Full Story |
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Tuesday'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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