Good MorningEquity markets fell on Tuesday following a downgrade in the banking sector. Moody's downgraded several mid-sized banks causing the entire market to fall. Investors bought the dip so the rally may not be stalled; the caution is that CPI data due on Thursday could be hotter than expected. Regardless, the CPI is expected to come in relatively flat compared to the prior month, which is not a signal for the FOMC to lower interest rates.
The S&P 500 fell more than 1.0% at the session's low but rebounded to regain more than half the loss by the end of the day. The move shows support at the 30-day moving average, but support may be fleeting given the upcoming CPI report. Inflation is underpinned by oil prices, among other factors, and oil prices are on the rise. WTI had a volatile session on Tuesday but rebounded from its lows to close with a gain. The takeaway is that the FOMC is still a risk, and it will likely raise rates again. Featured: MindWalk Holdings Pushes AI Into Pharma Research (Ad) 
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Consumer Discretionary | |
Earnings season is always an important time for investors. This is because earnings growth (i.e. higher profits) is the single best predictor of stock price growth. Over time, stocks of companies that are reporting earnings growth will go up.
This is true for every sector, including the technol... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Industrials | |
Shares of the world’s largest business freelance platform Upwork. Inc. (NASDAQ: UPWK) exploded higher by more than 50% higher on its Q2 2023 earnings report. Upwork was formed from a merger between the two largest freelancer marketplace platforms, Elance and oDesk, in 2013.
Through cost cut... Read the Full Story |
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Industrials | |
The United Parcel Service, Inc (NYSE: UPS) story is unchanged; internal improvements are offset by economic headwinds and canceling each other. The takeaway is that range-bound UPS is still range-bound, and the next entry point for income investors looking to build on their positions is close. UPS... Read the Full Story |
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From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
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Healthcare | |
When GoodRx Holdings, Inc. (NASDAQ:GDRX) burst onto the scene in the middle of the pandemic, it brought promises of saving Americans money on their drug prescriptions. While consumers have indeed seen billions of dollars in savings, shareholders have seen nothing but losses. But the worst may fina... Read the Full Story |
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Markets | |
The ‘Dogs of the Dow’ investment strategy became popular in the early 1990’s when author Michael O’Higgins wrote a book titled “Beating the Dow - A High Return, Low-Risk Method for Investing in the Dow Jones Industrial Stocks With as Little as $5,000.”
The ide... Read the Full Story |
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From Our Partners | | When Moonshot AI's new model rattled overnight markets, stocks gapped down 1 percent before the open, and history shows the story doesn't end there.
Between 9 30 and 9 50 AM, Wall Street settles nearly 25 percent of the day's total volume in a single 20 minute window, often revealing market direction for the rest of the morning.
A former money manager breaks down the floor data behind this pattern, including a June 25th session where inflation surged past 4 percent and the market moved just 0.3 percent afterward. | | Watch the full video breakdown before access is taken down |
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Communication Services | |
The slowdown in digital advertising triggered many technology stocks to sell off, notably social media platforms like Snap Inc. (NASDAQ: SNAP). However, a light at the end of the tunnel was lit when behemoths like Alphabet Inc. (NASDAQ: GOOGL) reported an uptick in ad sales, with YouTube seeing gr... Read the Full Story |
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Consumer Discretionary | |
Lucid Group (NASDAQ: LCID) investors received a majorly awaited update to start the trading week as the company released its second quarter 2023 earnings results, an event that sent the stock higher by as much as 8.5% during Monday's trading session. There is now a newfound sentiment coming from m... Read the Full Story |
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Technology | |
Palantir (NASDAQ: PLTR) stock price hit a top before the Q2 earnings release and is pulling back now that the news is in. However, it is unlikely the post-release pullback will result in a significant downturn, given the report's details. The headline figures were as expected, which is the worst t... Read the Full Story |
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Industrials | |
Even before it beat second-quarter expectations, Trex Company Inc. (NYSE: TREX) was in rally mode.
On July 31, the maker of eco-friendly composite decking and outdoor products reported earnings of 71 cents per share, down 10% from a year ago, but topping views, which called for net income of 54 ... Read the Full Story |
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Consumer Staples | |
Tyson Foods (NYSE: TSN) is trying hard to put in a bottom, and the bottom may be in. The Q3 results weren’t great and sparked a 7% decline in share prices that buyers met. This is not the first time buyers have bought the dip in Tyson. The company reported similarly weak results in Q2 and sp... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Bloomin' Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the U.S. and International geographical segments. The U.S. segment operates in the USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China. Its brands include Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company was founded by Chris Thomas Sullivan, Robert Danker Basham and John Timothy Gannon in March 1988 and is headquartered in Tampa, FL. | | View Today's Stock Pick |
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