Good MorningEquity markets failed to advance despite a blowout report from NVIDIA. The reports cements the company as the leader in AI and led to a sell-off in other AI-related chip stocks. With the world leaning hard into NVIDIA chips to power data centers and AI, the other chip makers stand to lose market share and that caused the S&P 500 to fall more than 1.25% at the session's low.
The bad news for investors is that Thursday's decline confirms significant resistance at the 30-dau moving average. Resistance at the moving average could turn into a market sell-off, given the outlook for inflation and the Fed, and a catalyst is coming up next week. The July reading of the PCE price index is due out and may spook the market. The index doesn't have to be hot, only consistent with persistent inflation, to lead the market into believing what the FOMC is indicating; there will be at least 1 more interest rate hike this year. Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Stocks | | |
Dividend investors are willing to sacrifice growth in exchange for income collecting periodic dividend payments. This makes dividend stocks a stable, heavily owned and long-term investment.
Strong dividend stocks tend to pay smaller dividends as the underlying shares appreciate. Investors w... Read the Full Story |
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Stocks | | |
Two industrial giants, General Electric (NYSE: GE) and Eaton Corporation (NYSE: ETN), are showing everyone how it's done this year by consistently outperforming the overall market and their competing companies in the sector. The extent of their outperformance might come as a surprise, but both GE ... Read the Full Story |
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Stocks | | |
One thing is clear from the Q2 retail earnings and guidance. There are winners and losers in the space, and the membership clubs are an area of strength. Consumers are shifting their habits, looking for value, and buying everyday items and consumables rather than gadgets and discretionary items.&n... Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
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Stocks | | | Stocks rose Friday to send Wall Street to its first winning week since July after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 climbed 29.40, or 0.7%, to 4,405.71 after flipping between small gains and losses a few tim... Read the Full Story |
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Markets | | |
The MSCI Emerging Markets Index (NYSEARCA: EEM) is essentially flat for the year, but the signs are growing that a bottom is in, and gains will be made over the next 4 to 6 quarters. Based on the technical indications alone, the market could reverse completely and outpace the S&P 500 (NYSEARCA... Read the Full Story |
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Markets | | | Nordstrom on Thursday reported that its sales and profits fell in its fiscal second quarter, joining itsdepartment store peers coping with shoppers' cautious spending.But its results still topped Wall Street expectations. The Seattle-based upscale department store reaffirmed its financial annual out... Read the Full Story |
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Markets | | | The average long-term U.S. mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to prospective homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market Read the Full Story |
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Markets | | | Dollar Tree's fiscal second-quarter results beat Wall Street's estimates as the discount retailer experienced strong sales and increased traffic at its stores. Dollar Tree Inc. earned $200.4 million, or 91 cents per share, for the period ended July 29. A year earlier the Chesapeake, Virginia-based c... Read the Full Story |
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Markets | | | If all goes according to plan, in a few weeks people will be sipping a shake that Marcelo Salazar has been developing for three years, made from the Amazon jungle’s cornucopia. His company Mazo Mana Forest Food has partnered with communities that live from the forest and gather the Brazil nuts, coco... Read the Full Story |
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Markets | | | NVIDIA shocked the world with its Q1 results and issued equally shocking Q2 results. The takeaway is that NVIDIA is cemented as the leading player in AI during this early phase of the revolution. The company’s chips are the #1 building block for AI-powered and quick-computing applications, whe... Read the Full Story |
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Friday's Early Bird Stock Of The Day Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington. | | View Today's Stock Pick |
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