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: Why Trump really wants Greenland (Ad) 
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Healthcare | |
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 | | Bloomberg research shows the U.S. dollar's share of global reserves has fallen to the lowest level this century — and the consequences for your savings and investments could be severe.
President Trump has signed executive order 14241 to initiate the first full reset of the American dollar in 50 years. A new monetary anchor is being established — one that's not gold or crypto, but something far more unexpected that Vladimir Putin once called the key to world leadership. | | Read the full story on what this dollar reset means for your portfolio |
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Consumer Discretionary | |
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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Consumer Staples | |
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 | | A small public company trading under $5 a share operates inside the secure perimeter of Kennedy Space Center, right alongside SpaceX and Blue Origin.
It holds a special agreement to use a multi-billion dollar federal launch facility for just $500, and its customer list already includes the Pentagon, Lockheed Martin, and GE Aerospace.
Most Wall Street analysts have not caught on yet, but a major milestone could change that soon. | | Click here to see the company behind the gates |
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Consumer Staples | |
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 | | Looking for better stock ideas? Sign-up to receive The Early Bird Stock of the Day. Each day, MarketBeat's team of expert research analysts identifies one compelling stock and provides both a bull case and a bear case for each company. | | Get The Early Bird's Stock of the Day (Free) |
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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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Consumer Discretionary | |
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 GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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