Good MorningEquity markets advanced on Wednesday, led by NVIDIA and hope that AI would drive the company to new highs: those hopes were met. The company's Q2 revenue is 33% better than the company's "jaw-dropping" guidance, and guidance was raised again. The takeaway from the report is that data centers and big tech are shifting away from traditional computing into high-speed computing and AI, and NVIDIA is the foundation of AI.
The news sent shares of NVIDIA up more than 5.0% in premarket trading, and the rally should continue. The guidance will lead the analysts to up their targets for the Q3 and FY results and the longer-term outlook. The question for investors is if it's time to go all-in on AI and if that means chasing NVIDIA shares higher. Given the results, it is possible that NVIDIA shares could gain another high-double-digit advance before the end of the year. Featured: 25 candidates screened. 5 made it. (Ad) 
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Industrials | | Even with this month’s pullback, it’s been a strong 2023 for the Nasdaq-100. The widely followed index is up more than 30% year-to-date and back within striking distance of its November 2021 all-time high. It is a recovery led by mega caps NVIDIA, Meta Platforms and Tesla, which now make... 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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Markets | |
You've probably heard the terms "bear market" and "recession" tossed around when people discuss the economy, but what do they mean, and how are they different?
When comparing bear market vs recession, think of a bear market as the big drop on a rollercoaster, while a recession is more like a pro... Read the Full Story |
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Industrials | |
So you're looking for top-rated AI mutual funds to cash in on the current gold rush into artificial intelligence without buying individual stock? After reading, you'll know which funds have a proven track record and might be worth investing in.
Although the brave new world of AI can be intimidat... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
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Consumer Discretionary | |
Auto parts stocks shifted gears this year, naming new CEOs to the 3 largest players. While O’Reilly Automotive (NASDAQ: ORLY) and Autozone (NYSE: AZO) chose to go the internal route to help ensure a smooth transition, Advance Auto Parts (NYSE: AAP) looked outside the company.
Given the rece... Read the Full Story |
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Consumer Discretionary | |
Shares of Lowe's Companies Inc. (NYSE: LOW) stock are up over 3% in early trading after the home improvement retailer posted mixed earning results. On the earnings call, management noted that consumers taking on small projects helped offset the macro headwinds, causing them to hold off on larger p... 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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Communication Services | |
For Walt Disney Co. (NYSE: DIS) shareholders, their brokerage statements haven’t exactly been the happiest place on earth. The stock has lagged the S&P 500 for the past 10 years, although it’s certainly grown earnings and had numerous business successes during that time.
In the mo... Read the Full Story |
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Communication Services | |
Telecom stocks have long been popular value plays for investors seeking a superior dividend yield with a modestly conservative investment approach. Household names like Comcast (NASDAQ: CMCSA), T-Mobile US (NASDAQ: TMUS), and AT&T (NYSE: T) have long been the favorites and most significant by ... Read the Full Story |
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Materials | | Commodities are flying across many screens, for traders and investors alike, as volatility seems to be drawn to that tiny - yet essential - pocket of the economy. These volatile periods may stress many participants' profit and loss statements. However, the smart ones will know how to benefit from th... Read the Full Story |
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Technology | |
After numerous delays in its attempts to acquire Activision Blizzard Inc. (NASDAQ: ATVI), Microsoft Corp. (NASDAQ: MSFT) finally blinked, agreeing to sell cloud streaming rights for all current and new Activision Blizzard PC and console games released over the next 15 years to French game publishe... Read the Full Story |
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Consumer Discretionary | |
The Q2 results from Dick’s Sporting Goods (NYSE: DKS) have it and other sporting goods names moving lower but don’t read too much into the move. Dick’s results were deeply impacted by shrinkage, which is a growing problem for the entire industry. Target (NYSE: TGT), another big n... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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