Good MorningEquity markets started the week on solid footing, but the rally may not go much higher. The S&P 500 continues to trade below critical resistance, and there is a significant catalyst. The August CPI data is due on Wednesday and is expected to show a cool-down at the core level.
That said, investors should be wary of the news because an acceleration in the headline number will offset the decline in core inflation. The headline level is expected to accelerate 40 basis points compared to last month and last year due to the rise in oil prices. The takeaway is that oil and headline CPI are leading indicators for the core figure, and both are rising. If the data confirms what the market expects, it could lead to a more hawkish than expected FOMC when it reveals the policy statement next week.
Tech stocks led the day on Monday, with the NASDAQ up more than 1.0% at the session high. The move was underpinned by Tesla, which gained more than 10% in the same period. Tesla shares were boosted by an upgrade that put a $500 billion valuation on the company's newest project, the Dojo supercomputer. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
Morgan Stanley (NYSE: MS) is going all-in on Tesla (NASDAQ: TSLA). The firm raised its rating on the stock to Overweight from Equal Weight and set a new price target. The new target is $400 and the new high-price target among analysts. It is a 60% increase from Morgan Stanley’s previous targ... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Materials | |
The price per barrel of oil has risen by an astonishing 13.5% during the past month, stemming from a push on both sides of the market equation. The push comes from increasing demand in the United States and China and a tightening output supply on the part of OPEC, who just announced further cuts r... Read the Full Story |
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Technology | |
The earnings action has quieted down, but the analysts' activity remains hot. The activity in the 1st week of September is driven by a handful of small tech names with 1 thing in common: exposure to the blossoming AI-powered client-service industry. This is worth noting because AI-powered services... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | |
The Q2 earnings season is all but finished, and the Q3 is fast approaching. This means it's time to focus on which sectors and companies are in the best position to deliver outperformance and higher share prices. The latest data from FactSet is telling and suggests another mixed season is upon us.... Read the Full Story |
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Consumer Discretionary | |
Today's economic uncertainty, namely wild guesses from economists and talking heads as to where the United States economy will head next, sends aftershocks across different industries and makes some of them attractive places to look for upside today.
When it comes to real estate, there is a direc... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Technology | |
The Dow Jones Industrial Average is a price-weighted index of 30 significant stocks traded on mostly the New York Stock Exchange (NYSE) and, in a few cases, the NASDAQ. The Dow 30 frequently serves as a barometer of investor sentiment. These are blue-chip stocks; when these components move sharply... Read the Full Story |
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Technology | |
The cybersecurity industry has emerged as a critical pillar in the modern business landscape, addressing the ever-growing need to safeguard digital assets and data. Over the years, this need has escalated due to the exponential growth of technology and the rapid digitization of businesses.
As or... Read the Full Story |
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Technology | |
When the oracle of Omaha, the one and only Warren Buffett, decides to come out of his office and request his executing trader to place an order - and a big one at that - for a given company, investors globally should tune into his decision and attempt their best to reverse engineer it.
While not ... Read the Full Story |
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Consumer Discretionary | |
Imagine a future where self-driving cars seamlessly navigate bustling streets, robotic hands orchestrate precision surgical procedures with unparalleled accuracy, and the notion of manufacturing undergoes a paradigm shift through the hands of automation.
It's not a distant dream but a reality me... Read the Full Story |
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Consumer Staples | |
Dividend Kings are attractive for risk-averse income investors and many other investment strategies. They have sustained and sustainable dividend growth and a relatively high yield compared to the average S&P 500 company. The higher the yield, the better, in most cases, but a high yield can so... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax. The Small Business & Self-Employed segment provides QuickBooks services, that includes financial and business management online services and desktop software, payroll solutions, time tracking, merchant payment processing solutions, and financing for small businesses; and Mailchimp services, such as e-commerce, marketing automation, and customer relationship management. This segment also offers QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; and QuickBooks Self-Employed solution; payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; and financial supplies and financing for small businesses, as well as electronic filing of federal and state income tax returns. The Consumer segment provides TurboTax income tax preparation products and services. The Credit Karma segment offers consumers with a personal finance platform that provides personalized recommendations of home, auto, and personal loans, as well as credit cards and insurance products. The ProTax segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services. It sells products and services through various sales and distribution channels, including multi-channel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels. The company was founded in 1983 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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