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: Elon’s big $266,000 per second purchase (Ad) 
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Finance | |
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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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
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Industrials | |
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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Retail/Wholesale | |
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.
... 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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Technology | |
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 willin... Read the Full Story |
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Technology | | 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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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.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Consumer Staples | |
About three-fourths of the S&P 500 pay a dividend. According to S&P Dow Jones Indices, dividends have contributed approximately 32% of total S&P return since 1926.
The current yield of the S&P is 1.55%. That’s below the 10-year Treasury yield, but that’s an average.
... Read the Full Story |
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Energy | |
Oil prices have swung from over $100 per barrel to under $80 per barrel in a year. Indeed, some portfolios need to be optimally built to cushion such swings and what effects these have on the economy. Savvy investors would consider investing in the best-positioned companies in the sector to ease t... Read the Full Story |
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Retail/Wholesale | | The signals are mixed in retail land, but some clear winners exist. While Foot Locker (NYSE: FL) and Target (NYSE: TGT) suffer from poor positioning, inventory woes, and competition, names like Walmart (NYSE: WMT) have emerged as clear winners. Walmart is winning because of its size, scale, and scop... Read the Full Story |
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Consumer Discretionary | |
Gaming is huge. No matter which market you look at, gaming is growing. Casino and table gaming is growing on the rebound in travel and the end of COVID-related restrictions, video gaming is growing on demand for better hardware and software, and sports betting is growing on widening legalization. ... Read the Full Story |
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Transportation | | 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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Friday's Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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