Good MorningMarkets had a choppy day that ended with all the major indexes posting slight losses. Investors may still be taking profits after Fitch downgraded the United States credit rating.
However, the markets may also be reacting to oil prices which surged to over $81 a barrel as Saudi Arabia announced it would extend its production cut at least through September. That could be adding to concerns about rising inflation. Investors will get the next read on consumer prices and producer prices next week.
But as this week comes to an end, the markets are eagerly awaiting earnings from Apple which will come in after the market closes. That report, along with the jobs report tomorrow will set the tone for the market heading into another week of earnings.
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Technology | |
With AI spending on the rise by giants such as Alphabet Inc. (NASDAQ: GOOGL) and Microsoft Corp. (NASDAQ: MSFT), other chipmakers besides juggernaut Nvidia Corp. (NASDAQ: NVDA) are set to benefit.
One such company is Marvell Technology Inc. (NASDAQ: MRVL), which expects its AI chip revenue to do... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Technology | |
Despite being a $30 billion company, Symbotic Inc (NASDAQ: SYM) isn’t one of the more well-known stocks out there. That’s been changing, though, helped by the fact that in recent weeks they’ve consistently been among the best-performing equities. Shares of the AI robotics company... Read the Full Story |
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Markets | |
The meme stock craze of 2021, led by GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC), saw retail investors from online forums like Reddit's WallStreetBets challenge institutional short-sellers, causing a significant short squeeze and sparking debates on market manipulation and finance democ... Read the Full Story |
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From Our Partners | | Roger Scott just unveiled a day-trading tool designed to identify the first wave of institutional buying before a full order moves through the market - potentially in minutes.
On April 14th, the tool flagged early institutional buys on HOOD at 9:45 am, delivering a 24% return in 6 minutes. Minutes later, a signal on MSTR locked in a 33% return in 12 minutes. Free access is available now. | | Secure your free pass to the real-time institutional order tracker today |
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Retail/Wholesale | |
Shares of sensation travel platform Airbnb (NASDAQ: ABNB) are trading lower by as much as 2.0% in the post-market hours of Thursday evening, an initial reaction after a tense quarter full of challenges for the industry.
As the American traveler updates destination preferences this summer, ditchin... Read the Full Story |
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Finance | | As the United States economy continues to show signs of a potential contraction, especially after following the nine-month consecutive contracting readings in the ISM manufacturing PMI index, some industries are beginning to show signs of favoritism. As the cycle gets underway, markets usually switc... Read the Full Story |
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From Our Partners | | Roger Scott spent twenty years on Wall Street moving billions through the market. Now he's exposing the 'empty chair' signal he says sits behind the most stunning stock moves retail investors rarely hear about.
The same signal reportedly triggered a 138% return on WMT in two weeks and a 157% return on Cencora in one week, according to his research. | | Watch Roger Scott reveal the empty chair signal today |
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Transportation | |
Shares of Hyatt Hotels (NYSE: H) are little changed in the pre-market hours of Thursday morning, despite the company releasing its second quarter 2023 earnings results, which showcased the risks involved in operating within such a highly cyclical industry as lodging and leisure. However, the lack ... Read the Full Story |
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Technology | |
“We’re just getting warmed up,” says Ed Meyercord, CEO of Extreme Networks Inc. (NASDAQ: EXTR). He spoke with MarketBeat after the company’s fiscal fourth-quarter report, which topped Wall Street views and sent the stock’s price 8.49% higher.
Extreme Networks sells ... Read the Full Story |
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Consumer Staples | |
Kraft Heinz (NASDAQ: KHC) is facing headwinds like all staples companies, but the Q2 results show the turnaround strategy is still working, and the company is gaining momentum. The primary takeaway is that growth is on the table, and margins are widening and will help facilitate growth over the ne... Read the Full Story |
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Medical | |
When Zoetis Inc. (NYSE: ZTS) reports second-quarter financials next week, the market will be expecting its best revenue growth in a year and a 9% jump in profits. If history repeats, the results will be even better.
The maker of medicines and vaccines for pets and livestock is coming off a strong... Read the Full Story |
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Finance | |
Shares of PayPal (NASDAQ: PYPL) has given investors a brutal 2021-2023 period, full of swings and stress, as the stock gave up more than 80% of its value, which reached an all-time high level as recent as 2021. As investors will soon find out, the company's second-quarter 2023 earnings results sho... Read the Full Story |
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Friday's Early Bird Stock Of The Day Universal Logistics Holdings, Inc. provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services. It transports various commodities comprising automotive parts, machinery, building materials, paper, food, consumer goods, furniture, steel, and other metals. The company also provides value-added services for individual customer requirements, including material handling, consolidation, sequencing, sub-assembly, cross-dock, kitting, repacking, warehousing, and returnable container management; and intermodal support services comprising short-to-medium distance delivery of steamship and rail truck containers between the port or railhead, and the customer. It serves automotive, steel, and other metals, retail and consumer goods, energy, and manufacturing industries, as well as other transportation companies who aggregate loads from various shippers. The company was formerly known as Universal Truckload Services, Inc. and changed its name to Universal Logistics Holdings, Inc. in April 2016. Universal Logistics Holdings, Inc. was founded in 1932 and is headquartered in Warren, Michigan. | | View Today's Stock Pick |
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