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.... |
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: Election noise vs. the record (Ad) 
| 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 |
| From Our Partners | | Amazing backtest. Beautiful sales pitch. Then real money goes in and things look very different. Sound familiar?
Former Wells Fargo Senior Financial Advisor Brian Jackson is hosting a free Investor Briefing on what he looks for before trusting an automated strategy with capital, including how Vincere's futures algorithms approach risk.
See how it actually works before deciding for yourself. | | Reserve your free seat to see behind the curtain now |
| 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 |
| 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 |
| From Our Partners | | AI does not run on headlines. It runs on data centers, and data centers need power, cooling, advanced manufacturing, networking, and digital infrastructure.
A free StockEarnings briefing breaks down 9 public companies tied to the data-center buildout, including their competitive moats, growth catalysts, and key risks to watch.
As AI infrastructure becomes a real-world buildout, the companies supplying these bottlenecks may become harder for investors to ignore. | | Get the free 9-stock data center breakdown now |
| 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 |
| 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 |
| From Our Partners | | Marc Chaikin, a 60-year Wall Street veteran, built a hypothetical basket of five AI stocks that averaged 137.3% gains in under a year.
His system previously flagged bullish signals on Nvidia before it rose 864%, Super Micro Computer before it surged 2,346%, Vertiv before climbing 611%, and AppLovin before gaining 539%.
Now he's unveiling a new project called the 401ai, aimed at identifying tomorrow's top AI performers early. | | Watch Marc Chaikin's 401ai video and see his next AI picks |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Friday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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