Good MorningEquity markets pulled back ahead of the August CPI report due to a rising fear of inflation. The CPI report is expected to show an acceleration at the headline level driven by oil prices. Oil prices continue to trend upward and suggest the acceleration of inflation will persist into the following month, increasing pressure on the economy. In this scenario, the FOMC is set to hike rates again this year, and they could do it more than once.
The question today is, what will the CPI show? If the data is cooler than expected, the market may continue to rally, although it's heading straight into a bull trap. Even with a cooler-than-expected CPI now, the oil price has risen more than 10% in the last 4 weeks and will impact September data. If the data is hotter than expected, the FOMC may be more hawkish than expected at the meeting next week and hike rates unexpectedly. Featured: He started with $2,000. Now he's at $3 million. (Ad) 
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Finance | |
Ray Dalio, the former manager of Bridgewater Associates, has been widely regarded as one of the best macroeconomic investors of all time, with his fund's philosophy focused on building the perfect 'all-weather' portfolio. These strategies seek to take advantage of different economic developments w... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Markets | |
Hardware and infrastructure solutions provider Dell Technologies Inc. (NASDAQ: DELL) has proven to be a large benefactor of the artificial intelligence (AI) wave. The company reported a large EPS beat by 60 cents for its fiscal Q2 2024, despite revenue falling 13.2%. The company raised its estimat... Read the Full Story |
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Consumer Discretionary | |
Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) shares gained over 7% on news of being added to the S&P 500 index on Sept. 18, 2023. It will replace Newell Brands Inc.(NYSE: NWL), heading to the S&P 600 Small-Cap index. This was great news for investors as ABNB had sold off shortly aft... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Healthcare | |
The world of investing and trading is abuzz with excitement as one sector theme has recently emerged as a blazing hot topic of discussion: cannabis stocks.
Over the past month, notable cannabis companies like Canopy Growth (NASDAQ: CGC), Tilray (NASDAQ: TLRY), and Aurora Cannabis (NYSE: ACB) hav... Read the Full Story |
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Technology | |
Oracle (NASDAQ: ORCL) shares are down a solid 10% following the FQ1/CQ3 earnings report. The shocking news gave the market a reason to sell off, but this is not the time to run for cover. Shares of Oracle are down due to high expectations, tepid performance relative to those expectations, and the ... Read the Full Story |
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From Our Partners | | Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experiment called Project Prophet - and documented everything on film.
Rooted in the laws of physics, this quantitative approach challenges conventional wealth-building wisdom. With 17 years of verified data behind it, Porter calls it unlike anything he has seen in nearly 30 years in the business. | | Watch the full investigation and decide for yourself |
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Utilities | |
The Dividend Kings are among the safest dividend-paying stocks on Wall Street, but that doesn’t mean it’s always a good time to buy them. Like any diverse group of stocks, their prices don’t track in sync with each other as with their respective industries' strengths and the ana... Read the Full Story |
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Communication Services | |
In the coming weeks, AMC Entertainment Holdings, Inc. (NYSE:AMC) will be releasing “The Nun II,” “A Haunting in Venice,” “Saw X” and other buzzworthy horror thrillers. None may be as scary as its financial situation.
Last week, the movie theater chain announced... Read the Full Story |
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Industrials | |
Leisure travel is replacing still-sluggish business travel, and big investors like Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.B) are jumping on board, but airline industry stocks, as a group, have traded lower since July.
However, despite a big industry-wide decline in August, sto... Read the Full Story |
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Technology | |
Artificial intelligence (AI) has driven the new enterprise demand cycle for servers, services and applications. Many companies have shown the reality of material demand surge driving revenues and estimates, like leading AI chip maker Nvidia Co. (NASDAQ: NVDA), which can't keep their AI chips i... Read the Full Story |
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Consumer Staples | |
The market's fear indicator, the VIX index, is bobbing along at long-term lows and gives little indication of a looming correction, but investors should assume one is brewing. The index is down at its lows because the recession that was supposed to happen in 2023 never materialized. What has mater... Read the Full Story |
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Wednesday'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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