Good MorningEquity markets pulled back again on Wednesday after the FOMC minutes revealed more risks than previously feared, and the minutes cited tight labor markets and higher-than-acceptable wage inflation, among other risks to inflation. The risks could lead to additional rate hikes not priced into equities. This sets up a situation in which the FOMC outlook darkens and puts additional weight on the market. In this scenario, the top reached by the S&P 500 is the highest level investors will see until later this year or next.
The risk is centered on the FOMC again, but the driver of that risk is oil. Oil prices retreated this week but remain uptrending and are on the verge of breaking out to new highs. The market is tilted in favor of higher prices, although the data has some volatility. The odds are high that oil prices will continue to trend higher through the end of the year and lift consumer-level inflation along with it. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Discretionary | |
Tickets. Flights. A new 72” TV. A retro jersey for your favorite player.
With just a few weeks before the National Football League (NFL) season kicks off, preparations are well underway for football fans. For some, formulating a fantasy football strategy won’t be the only research ta... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Retail/Wholesale | |
There is 1 thing clear in The TJX Companies (NYSE: TJX) Q2 results, and that it is hitting its stride. The off-price retailers were expected to benefit from shifting consumer habits, and they are. It took a little longer than the market first anticipated, but the signs are clear that full-price re... Read the Full Story |
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Retail/Wholesale | |
Target (NYSE: TGT) shares surged about 10% after the Q2 earnings report was released but don’t read too much into the news. The surge is a knee-jerk reaction to a mixed report that does nothing to improve the outlook. If anything, the Q2 strengths are 1-offs that won’t persist in the f... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Retail/Wholesale | |
Outdoor recreation got a big boost during the pandemic as social distancing and lockdowns caused people to seek out other forms of leisure and entertainment that didn't involve human interactions.
Recreational vehicle (RV) sales skyrocketed, as evidenced by the jump in business for RV makers like... Read the Full Story |
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Consumer Staples | |
You could think of Vita Coco Co.'s (NASDAQ: COCO) coconut water as a beach vacation in a box.
The company, which went public in October 2021, markets its coconut water in several flavors, and also sells coconut milk and coconut juice.
Its other brands include Runa, a plant-based energy drink; ... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Retail/Wholesale | |
Yes, it’s that time of year already.
The National Retail Federation (NRF) estimates that Americans will spend a record $41.5 billion on back-to-school shopping this year, 5% more than last year. Back-to-college shopping is forecast to surge 27% to $94 billion.
Like holiday shopping, consu... Read the Full Story |
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Construction | |
Homebuilders have been a leading industry throughout 2023, defying fears that high interest rates would keep buyers away. KB Home (NYSE: KBH), a mid-cap in the industry, has been forming a bullish area of price consolidation that might be hard to spot on a chart.
KB Home is a component of the iS... Read the Full Story |
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Technology | |
Higher engagements grow revenues: This maxim applies to many things in the digital economy, including digital advertising.
It also applies to rideshare and food delivery, as illustrated by Uber Technologies Inc. (NYSE: UBER) and its daily active users (DAUs). Daily active users generate higher re... Read the Full Story |
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Construction | |
As summer winds down, business activity is picking up in the construction sector, which was beaten down for much of the year. The possibility for attractive growth in the upcoming quarter commands attention.
Much of that optimism comes from the level of United States housing starts, which rose ag... Read the Full Story |
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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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Thursday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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