Good MorningEquity markets pulled back on Tuesday due to a double dose of fear-inducing news. The first is fear of a renewed crisis in the banking sector. Fitch warned it might have to downgrade some banks, including top names like JPMorgan Chase if credit conditions deteriorate much further. The second is new out of China that include weak industrial production. The news raises the fear that economic momentum will quickly fade and impact GDP and S&P 500 earnings.
The S&P 500 fell more than 1% at the sessions low. If the index closes lower for the week, it will market the 3rd straight week of decline. The price pullback marks a top for the market; the question is how deep the pullback will be. The way it looks, the pullback is gaining momentum and could gain additional momentum this week when the FOMC minutes are released. Signs the Fed is still hawkish will weigh heavily on the outlook for economic activity and earnings. Featured: Sell these "safe" blue chips immediately (Ad) 
|
Technology | |
Salesforce.com (NASDAQ: CRM), Adobe (NASDAQ: ADBE), and Advanced Micro Devices (NASDAQ: AMD) have multiple tailwinds in common that could see their shares rocket higher in Q3. Among them is the shift to AI, a shift that is underpinning the results and outlook. Other factors include an outlook for ... Read the Full Story |
|
From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
|
Healthcare | |
Many investors continue to look for growth wherever they can find it. That makes the healthcare sector very compelling. For several reasons, investors consider healthcare stocks, particularly health insurance stocks, the right prescription for an ailing portfolio.
First, there's a huge addressa... Read the Full Story |
|
Consumer Discretionary | |
Shares of On Holding (NYSE: ON) were down about 10% following the Q2 earnings release, but this was an opportunity to buy more shares, not cut losses. The company's results are a testament to execution that includes a lean into direct-to-consumer and digital and also suggest solid results from Lul... Read the Full Story |
|
From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
|
Real Estate | |
The way things look on Capitol Hill, it will be years before the Federal Government legalizes cannabis, but it may not matter. Recent comments from the US Secretary for the Department of Health and Human Services (HHS), Xavier Becerra, suggest that marijuana could be rescheduled or de-scheduled as... Read the Full Story |
|
Communication Services | |
Despite assurances from CEO Mark Zuckerberg that Meta Platforms Inc. (NASDAQ: META) is keeping its metaverse dream alive, it's increasingly clear that the real focus is AI.
That pivot has driven the stock to lofty highs with triple-digit price gains, but there could be a chance to get in on shar... Read the Full Story |
|
From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
|
Consumer Discretionary | |
Casino operator MGM Resorts International (NYSE: MGM) suffered with the rest of the casinos during the pandemic but has recovered back to profits earlier than its competitors Wynn Resorts Limited (NASDAQ: WYNN) and Las Vegas Sands Co. (NYSE: LVS). MGM operates 18 casino properties in the U.S. and ... Read the Full Story |
|
Consumer Discretionary | |
Home Depot (NYSE: HD) had a solid 2nd quarter posting top and bottom line strength, but it may not be enough to keep the stock moving higher. The guidance was reiterated at the previously lowered level despite robust performance suggesting the year’s strength has been seen. If so, the 2nd ha... Read the Full Story |
|
Finance | |
Two years ago, Block, Inc. (NYSE: SQ) was on top of the technology world. E-commerce was booming. Seemingly every business in town was scrambling to establish an online presence to win over pandemic-restricted consumers. Profits soared, as did Block’s share price, to a record $289.23.
Since... Read the Full Story |
|
Technology | |
AppLovin Corp. (NYSE: APP) shares advanced 2.52% on August 14 in heavy volume, the third session in a row of gains after a second-quarter report that topped analysts' views.
The company pivoted back to profitability after two quarters in a row of losses. Earnings came in at 22 cents a share, up... Read the Full Story |
|
Technology | |
Cloudflare Inc. (NYSE: NET) shares are up only fractionally since the company's second-quarter report on August 3, after it's been the subject of conflicting analyst calls.
Revenue grew 32% year-over-year to $308.5 million, while earnings increased by 900% to 10 cents a share. It marked the eigh... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts. It also provides residential and commercial mortgage loans, home equity lines of credit and loans, automobile loans and leases, secured and unsecured lines of credit, installment loans, small business loans and leases, and construction lending, as well as commercial lease and auto dealer financing. In addition, the company offers wealth management, personal installment, individual investment and financial planning, insurance protection, trust and estate, private banking, investment management, retirement planning, and merchant processing services, as well as consumer and commercial credit cards. The company was formerly known as BancWest Corporation and changed its name to First Hawaiian, Inc. in April 2016. First Hawaiian, Inc. was founded in 1858 and is headquartered in Honolulu, Hawaii. | | View Today's Stock Pick |
|
