Good MorningEquity markets tried to build on Monday's gains but fell in Tuesday trading by the end of the session. News from Dick's Sporting Goods is among the reasons why. The Q2 report paints a bleak picture for retail; the stock fell more than 20% at the session's low. According to Dick's, rising inventory shrinkage, or theft, is cutting into the bottom line results and significantly impacting the guidance. This is not a new phenomenon but 1 that has worsened over the last 3 quarters and will continue to worsen.
Tuesday's decline in the S&P 500 is important because it showed resistance at the 30-day moving average. If confirmed, this resistance could send the index down to new lows. The next target for solid support is near the 150-day EMA, which is about 2.7% below Tuesday's close; the next target below is another 2.5% to 5% lower. The market sell-off will gain momentum if good news doesn't emerge soon.
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Industrials | |
As artificial intelligence consumes more media and investor attention, some investors are considering AI research lab OpenAI. If you're an investor asking yourself, “How can I buy Open AI stock?” — you're in for some unfortunate news. The company is currently privately owned and ... Read the Full Story |
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From Our Partners | | The U.S. power grid is under severe strain, and 67 million Americans are already feeling it. Wall Street advising firm Oliver Wyman warns this grid crisis could trigger a stock market crash 62 times worse than the Great Depression.
If AI operations face mass shutdowns and blackouts hit major financial centers, the fallout for investors could be severe. A small group of companies are already rolling out solutions - and their stocks may be positioned to benefit significantly. | | Learn how to protect your portfolio from the American power grid breakdown |
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Finance | | AI is expected to grow significantly over the next 7 years, and this is not an opportunity passive investors should pass up. Several top ETFs give pure-play exposure to AI without the risk that some bring. ETFs like The Roundhill Generative AI & Technology ETF (NYSEARCA: CHAT), The Wisdom Tree A... Read the Full Story |
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Technology | |
Technicals aside, there are several reasons why Zoom Video Communications (NASDAQ: ZM) is ready to rock into a reversal. The point is that the stock is down more than 87% off its pandemically-driven highs, offering an opportunity that long-term investors may not want to pass up.
With growth on t... Read the Full Story |
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From Our Partners | | Larry Fink, CEO of BlackRock - the world's largest asset manager with $10 trillion under management - is calling this 'the next major evolution in market infrastructure.' He's referring to a complete overhaul of America's financial system, and by law the entire $382 trillion U.S. financial system must migrate onto it by April 2027.
BlackRock launched a fund on this new infrastructure and hit $2.8 billion in assets in three months. JPMorgan is running $2 billion a day through it. Goldman Sachs, Citi, Bank of America, and Wells Fargo have all announced full integration. The digital fuel powering this grid is up 374% over the last five years. | | Get the ticker and full positioning guide behind the $382 trillion migration |
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Technology | | Just as it looked like shares of Palo Alto Networks (NASDAQ: PANW) were on the verge of topping July’s all-time high earlier this month, investors of the cyber security stock got a rude awakening. Poor earnings and forward guidance from their competitors Fortinet Inc (NASDAQ: FTNT), as well as... Read the Full Story |
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Aerospace | |
Sell in May and go away was slightly delayed this year. In 2023, August is the month when investors are finally taking a breather. Historically, the dog days of summer bring more volatility and lower trading volume. That's particularly true in the latter part of August.
The problem for investor... Read the Full Story |
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From Our Partners | | Porter Stansberry - who warned readers about Fannie Mae in 2006, called gold in 2008, and predicted COVID-era inflation - believes the U.S. dollar is undergoing its most significant reset since 1974.
In a new documentary, Stansberry connects the tariffs, the Greenland obsession, the $1.4 trillion UAE deal, and disputes with China to what he calls Trump's New Dollar - and explains specific steps investors should take before a critical meeting of world leaders this December. | | Watch the documentary and learn what steps to take now |
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Retail/Wholesale | | Many investors will want to quickly move on from last week as the overall market continued its recent selloff. The SPDR S&P 500 ETF Trust (NYSE: SPY) recorded a decline of more than 2% by the week's close, contributing to a month-long decrease of 3.47%. While the spotlight has mainly focused on ... Read the Full Story |
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Retail/Wholesale | | Sky-high rates for plane tickets? Overcrowded airports and full flights? Expensive hotel rooms? Pricey stays at AirBnb Inc. (NASDAQ: ABNB) properties? Inflation and economic uncertainty?
None of that is curbing global travel demand, and analysts expect that trend to continue.
Not only have cruise... Read the Full Story |
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Consumer Staples | | Dividend Kings are tried and true investments with a long history of sustained dividend payments and distribution increases. The kind of track records that help investors sleep soundly at night, but these stocks are not always easy to buy. Dividend Kings are in demand, meaning they can come with hig... Read the Full Story |
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Technology | |
Rideshare operator Lyft Inc. (NASDAQ: LYFT) has all been left for dead after rival Uber Technologies Inc. (NYSE: UBER) reported a 49% revenue spike and double-digit metrics growth in 2023. Lyft neglected to diversify its business with food delivery or other businesses outside of modal transportati... Read the Full Story |
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Finance | | What does getting a speed camera ticket, having your car towed and being harassed by debt collectors all have in common? Yes, they are miserable experiences that you hate to encounter. Unfortunately, they are also necessary consequences in modern civilized society. Furthermore, they are also very pr... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day MKS Instruments, Inc. provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments. The VSD segment provides foundational technology solutions, including pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, and vacuum technology. The PSD segment offers range of solutions, which include lasers, beam measurement and profiling, precision motion control, vibration isolation systems, photonics instruments, temperature sensing, opto-mechanical components, optical elements, systems for flexible PCB laser processing, and laser-based systems, as well as high density interconnect PCB and package manufacturing. The MSD segment develops, process, and manufactures technologies comprising advanced surface modification, electroless and electrolytic plating, and surface finishing for chemistry, equipment, software, and services markets, as well as high-technology applications. In addition, the company sells its products and services through direct sales, network of independent distributors, and sales representatives, as well as websites, including product catalogs. The company was incorporated in 1961 and is headquartered in Andover, Massachusetts. | | View Today's Stock Pick |
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