Good MorningEquity markets advanced on Friday, shrugging off comments from Jerome Powell. Mr. Powell, in his keynote address to the Jackson Hole conference, made it clear the fight against inflation wasn't finished and that there was a long way to go to get the job done. Among the risks is energy, which has been misleading investors. The decline in consumer-level inflation is pegged to the price of oil, which is rising again. WTI gained more than 1.5% following the news to confirm support at the long-term moving average.
The S&P 500 could be ready to rebound, but don't bet on a big move just yet. The index continues to show resistance below the short-term moving average that could push the market lower over the next week. Among the catalysts is the PCE price index, due on Thursday. The index is expected to confirm that inflation remains above target and that the Fed could raise rates at least 1 more time this year. Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
Shares of Marvell Technology Inc. (NASDAQ: MRVL) gapped down on August 25 after the chipmaker beat views and issued guidance in line with analysts’ views.
In addition, Wall Street still believes in the company’s AI-related sales and earnings potential.
You read all that correctly. T... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Energy | |
One reason August can be volatile is that trading volume is down. Although news items may stir up activity, there's a difference between activity and productive action that really moves markets.
For that, you need volume. And that's why investors should start preparing their portfolios for the ... Read the Full Story |
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Technology | |
It is often useless to fight against market trends, especially regarding market sentiment. There is a famous saying around Wall Street: "The market can stay irrational longer than you can stay solvent." In this case, investors do not have to follow any irrationality, only hop on the next wave of j... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Industrials | |
Timing is everything — and for Deere & Company (NYSE:DE), its second quarter financial release couldn’t have come at a worse time.
On August 18th, the agriculture and construction machinery maker crushed Wall Street’s Q2 earnings per share (EPS) estimate by nearly $2.00. De... Read the Full Story |
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Retail/Wholesale | |
Hard to believe, but the 2023 holiday shopping season is quickly approaching. Rather than wait until the last minute to do your shopping, getting prepared early is prudent. This also applies to stocks that benefit from holiday shoppers. Stepping into these two stocks ahead of the crowd may be an e... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Finance | |
While fast-moving growth stocks are in a slump, investors can still generate a return with dividend stocks.
In some cases, it’s even possible to offset losses elsewhere with dividends: A perfect example is the Utilities Select Sector SPDR Fund (NYSEARCA: XLU), whose price actually declined... Read the Full Story |
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Retail/Wholesale | | Pet care stocks are not exciting, and they are low growth, but they offer significant returns for investors over the long. Takeaways from the sector include growth driven by secular tailwinds and supported by the consumer shift to consumables and services. The critical takeaway from the Q2/Q3 report... Read the Full Story |
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Industrials | | Shrinkage, inventory shrink, it’s a growing problem today. While always present, shrinkage emerged as a growing problem early in 2023 when Target (NYSE: TGT) reported it as an impact on profits. That was compounded by additional comments the following quarter, commentary from other CEOs and re... Read the Full Story |
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Energy | | If you have a long position in a stock, you won't need to pay much attention to how much short interest is in a stock. In fact, you may use pullbacks in one or more stocks in your core portfolio as a buying opportunity.
But this is a volatile market that is rewarding traders more than buy-and-hol... Read the Full Story |
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Finance | |
MetLife's stock (NYSE: MET) has endured a rather forgettable year. Up to this point in the year, the stock has experienced a decline of nearly 14%, significantly lagging behind the broader market. Nevertheless, over the past few months, MET's shares have managed to mount a recovery, surging by alm... Read the Full Story |
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Monday's Early Bird Stock Of The Day Insulet Corporation develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes. The company's Omnipod platform includes the Omnipod 5 Automated Insulin Delivery System (Omnipod 5) which includes a proprietary AID algorithm embedded in the Pod that integrates with a third-party continuous glucose monitor to obtain glucose values through wireless bluetooth communication; Omnipod DASH that features a bluetooth enabled Pod that is controlled by a smartphone-like Personal Diabetes Manager with a color touch screen user interface; and Omnipod GO, a standalone, wearable, insulin delivery system that provides a fixed rate of continuous rapid-acting insulin for 72 hours. The company sells its products primarily through independent distributors and pharmacy channels, as well as directly in the United States, Canada, Europe, the Middle East, Australia, and internationally. Insulet Corporation was incorporated in 2000 and is headquartered in Acton, Massachusetts. | | View Today's Stock Pick |
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