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: 5 dividend stocks worth owning in any market condition (Ad) 
|
Retail/Wholesale | |
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 |
|
From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
|
Technology | |
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 |
|
Transportation | |
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 |
|
From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
|
Medical | |
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 |
|
Retail/Wholesale | |
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 |
|
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 |
|
Technology | |
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 |
|
Auto/Tires/Trucks | |
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 |
|
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 |
|
Construction | |
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 |
|
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 |
|
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 |
|
