Good MorningStocks were mixed and mostly unchanged on the first day of August. The Dow posted a slight gain bolstered by a strong earnings report by Caterpillar. The Nasdaq and S&P 500 both finished slightly in the red.
Manufacturing is the latest sector to send the market conflicting signals. Factory orders look to be gradually improving, but factory employment hit a three-year low. Investors will be watching to see if that weakness will extend throughout other sectors when the jobs report comes out on Friday.
Overall, however, the bulls remain in control as we enter into what is typically one of the quieter months of the year. That could change quickly when Apple reports after the market closes on Thursday. The S&P 500 has been flirting with 4,600 for about a month and positive results from the tech giant could send the index to new highs.
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Technology | | Shares of Arista Networks Inc. (NYSE: ANET) rocketed more than 20% higher on August 1 following the company's better-than-expected second-quarter results.
Arista stock gapped higher at the open and was trading at new highs in monster trading volume.
The company is making it very clear: AI is a ke... Read the Full Story |
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Transportation | | Shares of JetBlue Airlines (NASDAQ: JBLU) are declining by as much as 8.5% during Tuesday's trading session; the significant move down is coming from the company's release of its second quarter 2023 earnings results. Markets may be overreacting by selling highly cyclical stocks, like JetBlue, as the... Read the Full Story |
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Consumer Discretionary | | Marriot International (NASDAQ: MAR) is becoming a mouthwatering value play within a sector that is breaking out above all others, a significant factor during questioning economic times such as today. Shares of Marriot are relatively flat, despite posting their long-awaited second quarter 2023 earnin... 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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Industrials | | Caterpillar, Inc. (NYSE: CAT) stock is up nearly 8% in early trading after the company blew past revenue and earnings expectations. The question will be whether the report will be enough to move analyst sentiment which, while generally positive, suggests that these results are priced into the stock.... Read the Full Story |
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Consumer Discretionary | | Since Inter Parfums, Inc. (NASDAQ: IPAR) commemorated its 35th anniversary by ringing the Nasdaq closing bell on February 13th, its stock is up more than 25%. And while some say the ceremony is a self-fulfilled blessing, the reality is Inter Parfum shares have been trending sharply higher since last... 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.
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Medical | |
It wasn’t that long ago that the “Magnificent 7” stocks, Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT), Nvidia Corp. (NASDAQ: NVDA), Tesla Inc. (NASDAQ: TSLA), Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL) and Meta Platforms Inc. (NASDAQ: META) were p... Read the Full Story |
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Finance | | Avis Budget Group (NASDAQ: CAR) stock has been trading within a relatively tight channel for the past year; this can be taken as a sign of indecision from markets facing a directionless market. Despite these initial trends, the underlying transportation industry and its derivatives have shown promis... Read the Full Story |
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Consumer Discretionary | | Up 129% year-to-date, Carnival Corporation & plc (NYSE: CCL) is one of five S&P 500 stocks that have doubled in 2023. Rival Royal Caribbean is another. The unlikely pair is tucked between mega cap technology companies NVIDIA, Meta Platforms and Tesla as this year’s best S&P perform... Read the Full Story |
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Finance | |
It’s been a banner year for the benchmark indexes like the Nasdaq 100 Invesco QQQ ETF (NASDAQ: QQQ), which is up 45%, despite the special rebalancing, or the S&P 500 index SPDR S&P 500 ETF Trust (NYSEARCA: SPY) up 20% year-to-date (YTD). The Russell 2000 Small-Cap index iShares Russe... Read the Full Story |
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Markets | | Satellite TV and wireless provider DISH Network Co. (NASDAQ: DISH) stock surged higher on news of a partnership to sell mobile services to Amazon Prime members. DISH is one of the few mainstream satellite TV and broadband providers. Its niche is providing broadband services to rural, underserved and... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Pacific Premier Bancorp, Inc. operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans. It also offers cash management, online and mobile banking, and treasury management services, as well as payment processing, remote capture, and automated clearing house payment capabilities. In addition, it operates as a custodian for alternative assets held in qualified self-directed IRA accounts, including investments in private equity, real estate, notes, cash, and other non-exchange traded assets; and provides real-property and non-real property escrow services. The company serves small and middle-market businesses, corporations, professionals, real estate investors, non-profit organizations, and consumers. The company was founded in 1983 and is headquartered in Irvine, California. | | View Today's Stock Pick |
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