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: This Single Fund Owns Every Major AI Stock and Pays Weekly (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 | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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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 |
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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 |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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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 |
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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 |
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From Our Partners | | Trump has called an Iran deal close 38 times since the war began, yet the fighting keeps flaring back up.
One day it's a ceasefire, the next it's bombs again. The back and forth may be masking a bigger story most investors are missing.
See the real reason this conflict may never fully end. | | Uncover the real reason Trump may never end this war |
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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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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 |
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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 |
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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 |
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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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