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: Buy Nvidia? See this AI Forecast… (Ad) 
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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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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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Consumer Staples | |
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 | | Jeff Brown, founder and CEO of Brownstone Research, says he has uncovered what he calls one of the biggest discoveries of his career tied to the ongoing AI boom.
Brown is pointing to a key date, October 20, and is highlighting five AI-related opportunities outside the traditional stock market that most investors have never heard of. | | Click here to see the full research before October 20 |
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Communication Services | |
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 | | Jeff Brown, the former tech executive who picked Nvidia in 2016 before it surged as high as 37,800 percent, just got inside Elon Musk's new Cybercab, a vehicle with no steering wheel or pedals.
In 2018, the New York Post called Musk a total fraud. Brown's latest footage shows just how far that technology has come since then. | | Watch the Cybercab footage and judge Elon Musk's technology yourself |
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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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Consumer Discretionary | | 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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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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Friday'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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