Good MorningEquity markets pulled back for the 3rd week and may pull back further this week. The ugly specter of recession is back in the picture due to persistent inflation and high odds the FOMC will increase interest rates by at least 1 more 25 basis point hike and possibly several.
The critical element now is oil prices. Oil prices show support at higher levels than over the summer, and the supply/demand balance is tilted in favor of demand. The August PCE report, which reports on price changes in July, may not show a significant upswing in inflation due to its lagging nature, but the data for August will be hot when it is released next month.
The S&P 500 is falling and will likely test support at the 150-day EMA this week. The 150-day EMA is an important target for potential support and 1 that will lead to lower prices if broken. If the S&P 500 moves below the 150-day EMA it could fall 5% or more before the next support level is reached. Featured: Small Colorado Company (Backed by Sam Altman) Could Save U.S. Power Grid (Ad) 
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Industrials | |
Shares of Deere & Company (NYSE: DE) are trading lower by as much as 4.8% during Friday's trading session, a reaction that opens up a vast disconnect between the company's second quarter 2023 earnings results and the current valuation.
This name enjoys an underlying industry push benefitting ... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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Finance | |
Looking for the best AI stocks to buy now? You might have to get in line — artificial intelligence is one of 2023's hottest market trends, and several companies in the industry have already seen massive growth. And when parabolic moves occur, finding artificial intelligence stocks under $20 ... Read the Full Story |
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Consumer Discretionary | |
Rampant inflation levels have taken a big chunk away from hard-earned paychecks across the United States; now that the FED is acting to normalize these elevated levels, the fear pivots into other areas. Rising interest rates and a slowing economy have become the new concern affecting consumer tren... Read the Full Story |
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From Our Partners | | TradeSmith CEO Keith Kaplan warns that AI's rapid rise has a dark side, threatening American jobs and livelihoods. He says now is the time to prepare before September 30th.
TradeSmith has invested $17 million in AI tools and built a platform used by 180,000 traders worldwide. One user, Stephen, credits it with building a $2.95 million retirement portfolio. | | See where Kaplan says to move your money before September 30th |
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Communication Services | |
Amidst a wave of red dominating the market this week, the overall market has experienced a decline of over 2%. In comparison, the tech sector has suffered an even more substantial drop of nearly 3%. This recent selling has permeated various sectors and industries, affecting many companies. Notably... Read the Full Story |
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Technology | |
The technology industry has seen its fair share of up and down this year, with companies like NVIDIA (NASDAQ: NVDA) swinging for a near tripling and other giant names like Apple (NASDAQ: AAPL) beginning to show double-digit pullbacks recently. As always, specific trends and pivots within the indus... Read the Full Story |
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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 |
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Energy | |
The energy sector was leading the market on August 17, while eight of the 12 S&P sectors traded lower.
Among the gainers were oilfield services providers Schlumberger Ltd. (NYSE: SLB) and Halliburton Co. (NYSE: HAL), both of which have come on strong in the past three months.
A related seg... Read the Full Story |
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Markets | |
There are many concerns surrounding the food industry, especially as many operators in the restaurant space have reported contracting margins due to rising input costs in various food items. In the case of BurgerFi International (NASDAQ: BFI), these worries are slowly becoming a thing of the past.... Read the Full Story |
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Communication Services | |
For much of last year, Zillow Group Inc (NASDAQ: ZG) could have been the poster child for stocks that were pumped and then dumped with the pandemic. A nearly 90% drop from 2021’s all-time high only bottomed out last October when Zillow shares were back trading at their 2013 levels.
But the ... Read the Full Story |
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Finance | |
Shares of the biggest banks in the U.S., including JPMorgan Chase & Co. (NYSE: JPM), Bank of America (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC) and Morgan Stanley (NYSE: MS) traded lower on August 16, continuing sector declines that began earlier in the week.
Th... Read the Full Story |
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Consumer Discretionary | |
Raising guidance usually catalyzes a rally, but for Rivian (NASDAQ: RIVN), Ford (NYSE: F), and Keurig Dr Pepper (NASDAQ: KDP), it didn’t happen this time. However, the takeaway from the moves is far from bearish and suggests the possibility that this is the time to buy. While these businesse... Read the Full Story |
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Monday's Early Bird Stock Of The Day Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks. It offers trucking services, such as door-to-door services, import and export dray, interline services, and specialized services, comprising flatbed trucks, on-deck mobile transport trays, expedited cargo, and permit/overweight services; and supply chain services. It serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. The company operates a rail network of approximately 20,000 route-miles of track and shipping spanning. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada. | | View Today's Stock Pick |
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