Good MorningEquity markets tried to advance for the 5th day on Thursday, but the gains were slim, the index closed virtually flat, and the peak of the move may have been reached. The PCE Price Index for July came in hotter than expected and shows consumer-level inflation is accelerating. The data increased the fear of another Fed rate hike, although the market still believes the committee is already done. The odds of another hike are less than 50/50, as indicated by the CME FedWatch Tool, and softened following the release.
The S&P 500 advanced solidly for the week, and an interesting setup is developing. The market could continue higher but will have to break critical resistance levels. Those levels coincide with the summer peak and, if not broken, may produce a double top of another bearish pattern in the index. In that scenario, the market could fall 5% to 10% from current levels before hitting firm support, and there is additional risk. The next FOMC meeting is less than 3 weeks away, and another inflation report is due before then. Featured: Ticker Revealed: Pre-IPO Access to "Next Elon Musk" Company (Ad) 
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Medical | |
Major pharmaceutical companies including Johnson & Johnson (NYSE: JNJ), Novartis AG (NYSE: NVS), Bristol-Myers Squibb (NYSE: BMY), Merck & Co., Inc. (NYSE: MRK), Eli Lilly & Co. (NYSE: LLY) and Amgen Inc. (NASDAQ: AMGN) were trading normally following news that their drugs would be sub... Read the Full Story |
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From Our Partners | | When a Fed chair signals tighter policy, certain stocks get hit hardest - especially those built on cheap money and easy growth assumptions. The challenge is knowing which ones before the drop happens.
Weiss Ratings tracks 15,000 U.S. stocks and runs 1.2 billion calculations daily. It flagged Nvidia as a 'Buy' in 2011 - up nearly 30,000% since - and downgraded Fobi AI to 'Sell' in 2019, now down 80%. Right now, it's flagging stocks in both directions. | | Discover the top 10 stocks to buy and sell today |
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Auto/Tires/Trucks | |
One of the most astonishing and widely discussed subjects in individual stocks revolves around the unpredictability and volatility of a Vietnamese electric vehicle manufacturer.
VinFast Auto Ltd. (NASDAQ: VFS) plunged into the public market through a SPAC IPO at the beginning of the month. Merely... Read the Full Story |
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Medical | |
Insider buying is a good sign that a company is heading for better times, but it is often unreliable. The signal is more robust if institutions and analysts are as supportive as they are with the stocks on this list. Aside from insider buying, these companies relate to each other in other ways.
... Read the Full Story |
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From Our Partners | | MP Materials jumped 111% in one week. Lithium Americas surged 194% in two weeks. Trilogy Metals popped 211% overnight. Three different stocks, three different months - one hidden connection.
Each was touched by Trump's National Energy Dominance Council before it moved. Now this group is targeting a five-trillion-dollar rebuild of the American power grid, and one company sits at the center of that play. | | See the company this White House committee is targeting next |
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Retail/Wholesale | |
The market advanced following the August PCE price index report, but investors and traders should not discount the news. The PCE index remains cool relative to the peaks of the inflation scare, but there are signs that the cooling is over.
Inflation may accelerate again; the evidence could come ... Read the Full Story |
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Technology | |
While the concept of artificial intelligence (AI) has been around for decades, 2024 was truly the breakout year and tipping point, making it accessible for anyone and everyone with internet access. The viral popularity of ChatGPT and generative AI has spread adoption like wildfire. While many arti... Read the Full Story |
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From Our Partners | | If a large share of your net worth is tied to a single stock, concentration risk may be working against your long-term plans - and selling without a strategy can stack a serious tax bill in one year.
SmartAsset's free quiz matches you with vetted fiduciary advisors who can build a sequenced, tax-aware plan around your specific position. A few minutes to match, then you choose who to talk to. | | Take the free quiz and get matched with a fiduciary advisor today |
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Technology | |
Cybersecurity stocks are down hard compared to last year, but not because the industry isn't hot.
The problem was valuation, fears of slowing growth and threats of a looming recession. According to the Q2 reporting season, growth is slowing but still robust and above consensus. In addition, marg... Read the Full Story |
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Technology | |
Shares of tech titan Oracle Corp (NYSE: ORCL) have had a stellar year.
After bottoming out from the post-pandemic sell-off last October, momentum has only swung one way, and it's up 100%. Along the way, the company has tagged numerous all-time highs, and while shares have been noticeably cool th... Read the Full Story |
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Markets | |
Benjamin Graham and David Dodd, Peter Lynch and Warren Buffett, legends of the value investing style, have set a foundation for millions of institutional and private investment strategies.
Their core principle?
Identifying undervalued companies to create long-term wealth.
Is it possible to ch... Read the Full Story |
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Technology | |
Shares of Salesforce.com (NYSE: CRM) are still down sharply compared to the 2021 all-time high, but the stock can easily regain those levels. A combination of factors, including position, results, guidance, valuation, cash flow, share repurchases, and the analysts suggest this stock will retest th... Read the Full Story |
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Retail/Wholesale | |
Having endured a terrible 2021 that continued for much of 2022, it's starting to look like a solid low has been put in by online retail stocks, with a recovery rally imminent. Looking at the ProShares Online Retail ETF (NYSEARCA: ONLN), we can see the fall from grace it had following the pandemic ... Read the Full Story |
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Friday's Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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