Good MorningEquity markets started the week on solid footing, but the rebound may be short-lived. Another round of inflation data is due out this week, and it could halt the market in its tracks. The July read of the CPI is due on Thursday, and it is expected to show the deceleration of inflation has slowed. Core inflation is expected to hold relatively steady at 4.7% and well above the Fed's target rate. At this level, the market should assume the Fed will have to hike rates again later this year and maybe more than once. As it is, the market is only offering a 30% chance for another interest rate hike this year.
The earnings season is coming to a close, and the results are not good. More companies than average beat their consensus targets but by a smaller-than-average margin leaving the final growth rate deep in negative territory, and the outlook for the 2nd half deteriorated. The odds that the S&P 500 will post negative earnings growth in Q3 are high, and the odds for Q4 are rising. In this scenario, the market is nearing a tipping point and may soon teeter into another deep correction without a shift in the fundamental outlook for economic growth.
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Markets | |
The Financial Select Sector SPDR FUND (NYSE: XLF) has staged an impressive rally over the past few months, climbing almost 10% from its June low. As the ETF pulls back into its uptrend support, an attractive risk: reward buying opportunity is forming. Although only up 2% year-to-date, if the ETF c... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Energy | |
Oil prices (NYSEARCA: USO) are on the rise and likely heading higher. The Saudis and Russia are working together with voluntary production cuts to keep the supply/demand balance tilted firmly in favor of higher prices. Because of this, demand is expected to outpace growth through 2024 and support ... Read the Full Story |
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Finance | |
A seven-day slide has real estate investment trust (REIT) Crown Castle (NYSE: CCI) trading 50% below its January 2021 record peak. The stock’s forward dividend yield has doubled to 6%. Is it time to storm the castle?
Not so fast.
Like other capital-intensive businesses, the communications ... Read the Full Story |
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From Our Partners | | See the Signals Most Traders Miss
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Technology | |
MarketBeat has many tools to help investors find great investments, and 1 of them is the Trending Stocks List. The trending stocks list can be tuned to different periods but tracks the same data: the net number of new followers for stocks on Marketbeat. That may seem like a simple statistic but do... Read the Full Story |
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Retail/Wholesale | |
eBay Inc. (NASDAQ: EBAY) beat Wall Street earnings estimates for the second time this year. But unlike the reaction to the first quarter earnings beat, the market isn’t buying it.
Shares of the e-commerce platform provider continued to slide last week following a 10.5% post-earnings drop on... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Auto/Tires/Trucks | |
The past month has been a rollercoaster ride for investors in Nikola (NASDAQ: NKLA) as the electric vehicle manufacturer experienced a remarkable surge of over 100% in its stock value. However, the euphoria came to a halt following the company's Q2 earnings report released last Friday. The stock p... Read the Full Story |
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Retail/Wholesale | |
The second quarter 2023 earnings season has seen a wide variance between the "haves" and the "have nots" of performance. While many companies have had impressive earnings beats, some crushed earnings estimates by nearly triple or more. These stocks saw their share prices gap up high as frenzied bu... Read the Full Story |
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Technology | |
The Russell 2000 small-cap index (NYSEARCA: IWM) is the laggard index 2023, trading up just 11.98%. It's underperforming the benchmark indexes compared to the 40.7% yearly gain for the Nasdaq 100 index (NASDAQ: QQQ) or the S&P 500 (NYSEARCA: SPY), up 17.3%. We discussed how portfolio managers ... Read the Full Story |
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Medical | |
Amgen Inc. (NASDAQ: AMGN) delivered a solid earnings report after the market closed on August 3. Shareholders hope the results will be enough to reverse the fortunes of AMGN stock, down 12% in 2023.
But heading into earnings, analyst sentiment suggests that all the growth may already be priced i... Read the Full Story |
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Transportation | |
Shares of XPO (NYSE: XPO) have been on a stratospheric rise since the first quarter of 2023, blowing past all expectations and delivering a massive 165% advance in less than six months.
Some market participants speculate that this rally has run out of steam, but you can't fight the trend.
Durin... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Trex Company, Inc. manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps. The company also provides Trex Transcend Railing products that are used in Trex decking products and other decking materials; Trex Select Railing products for a simple clean finished look; Trex Enhance Railing system; Trex Signature aluminum railing for a contemporary look; and Trex Select T-Rail railing products. In addition, it offers Trex Seclusions, a fencing product that includes structural posts, bottom and top rails, pickets, and decorative post caps. Further, the company acts as a licensor in various licensing agreements with third parties to manufacture and sell products under the Trex name, including Trex Outdoor Furniture; Trex RainEscape, an above joist deck drainage system; Trex Pergola, a cellular PVC product; Trex Latticeworks outdoor lattice boards; Trex Cornhole boards; Diablo Trex Blade, a saw blade for wood-alternative composite decking; Trex SpiralStairs and structural steel posts; and Trex Outdoor Kitchens, cabinetry, and Storage products. It sells its products through wholesale distributors, retail lumber dealers, and Home Depot and Lowe's stores. Trex Company, Inc. was founded in 1996 and is headquartered in Winchester, Virginia. | | View Today's Stock Pick |
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