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: I was reviewing your account this morning and... (Ad) 
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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 |
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From Our Partners | | The U.S. government pumped more than $1 billion into Intel. The stock popped 128%. It pumped $400 million into MP Materials. The stock popped 200%. It bought 10% of Trilogy Metals. The stock popped 500%. And now, Trump has chosen this AI stock for a $1 billion payday.
Click here for the full story and stock pick (free). | | Click here to get Louis Navellier's full analysis and his free pick |
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Medical | |
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 |
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Retail/Wholesale | |
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 |
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From Our Partners | | Jeff Brown and Marc Chaikin - the two investors who picked Nvidia before it climbed as much as 36,000% - are issuing a rare joint buy alert on a little-known Elon Musk supplier.
They believe Elon Musk's latest AI breakthrough is about to collide with a market pattern that has a 100% track record - one that previously gave everyday investors a chance to turn $10,000 into $350,000 in roughly 12 months. | | See the details on this overlooked Elon Musk supplier right now |
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Finance | |
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 |
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Technology | |
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 |
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From Our Partners | | Gold has more than doubled since April 2024 - but according to Ross Givens, Director of Research at Traders Agency, history says this cycle is still in its early stages.
During the last gold supercycle in the 2000s, one overlooked leveraged asset returned 846%, 1,668%, 1,847%, and 1,915%. The same conditions that drove those gains are now back in place. | | See the asset positioned to multiply gold's move multiple times over |
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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 |
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Retail/Wholesale | |
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 |
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Technology | |
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 |
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Business Services | |
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 |
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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 |
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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 |
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