Good MorningThe equity market resumed its selloff on Tuesday as investors brace for the PCE price index. The PCE price index is due on Friday and is expected to show inflation accelerating and point toward another FOMC interest rate hike. The increase in fear is significant because the market is not concerned about a single 25 basis point hike but the possibility of several more hikes. That fear is manifested in the 10-year Treasury yield, which gained about a half percent to move to a new high and the highest level since 2007. The charts look like the 10-year yield could move up above 5.0% soon and remain at those levels indefinitely.
The VIX is another concern for investors. The VIX is the S&P 500 "fear index," and it had fallen to the post-pandemic low due to complacency. Now the index is surging higher, at the highest levels in a month, and heading higher based on the indications. In that scenario, the VIX could rise 50% to 100% from its current levels, which suggests another 20% decline in the S&P 500.
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Technology | |
Cisco (NASDAQ: CSCO) surprised the market when it reiterated an intention to buy Splunk (NASDAQ: SPLK). While some analysts wonder why the deal was proposed, others look to see which stocks are up next for acquisition. Regardless of the reasons, the $28 billion all-cash deal is a significant premi... Read the Full Story |
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Technology | |
You only need to look at the one-month decline in AI chip powerhouse Nvidia Corp. (NASDAQ: NVDA) to understand that something has changed. Is Nvidia's pullback a sign that the AI rally that fueled big tech sector gains is taking a breather as interest rates rise?
After advancing as much as 244% ... Read the Full Story |
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Technology | |
Semiconductor stocks have struggled over the past few months and present an opportunity for traders as the Q3 earnings season approaches. Many of these stocks have been beaten down hard and are oversold, presenting an above-average opportunity for a rebound.
Oversold conditions exist when a stoc... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Retail/Wholesale | |
Amazon.com Inc. (NASDAQ: AMZN) hasn’t been among the tech names most investors think of when considering AI plays, but that may change.
The company said it’s investing as much as $4 billion into privately held generative AI firm Anthropic, and may take a minority ownership stake.
A... Read the Full Story |
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Finance | |
Will the government shut down? Despite the hot rhetoric, it doesn't seem possible. One reason for that is its effect on our defense industry. Funding for Ukraine as part of an omnibus defense bill is one of the key points of contention for lawmakers.
However, with multiple current and potential... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Consumer Staples | |
Snack Maker Mondelez Int'l Is Down but Not Out
Warren Buffett is known for his penchant for buying “forever" stocks. The legendary investor has a strategy that may be boring for many investors. That's particularly true in red-hot bull markets. However, when the market takes a tumble, th... Read the Full Story |
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Consumer Staples | |
Since The Clorox Company (NYSE: CLX) rode a pandemic ‘clean freak’ wave to nearly $240 per share in August 2021, its market value has been bleached by over $13 billion.
The dirty truth? Clorox’s 44% two-year plunge has created an opportunity to own a defensive stock with a shin... Read the Full Story |
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Technology | |
If you’ve overlooked the potential of game developer Unity Software Inc. (NYSE: U), that’s entirely understandable.
The stock has flown under the radar within the sub-industry of software design, as large caps like Synopsys Inc. (NASDAQ: SNPS) and Cadence Design Systems Inc. (NASDAQ:... Read the Full Story |
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Medical | |
While the direction of the stock markets is unpredictable, the growth of the aging population is entirely predictable. Along with an aging population come additional healthcare, beauty and wellness needs. Baby boomers are arguably the largest and wealthiest generation in the country, followed by G... Read the Full Story |
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Consumer Discretionary | |
Global apparel maker Hanesbrands Inc. (NYSE: HBI) shares have been in a cascading fall, shedding 37.7% year-to-date (YTD). The company owns many innerwear and athleisure brands, including Hanes, Champion, Playtex, L'eggs, Wonderbra, Bonds, Bali, Maidenform, Berlei, Just My Size, Alternative and Co... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including motor vehicle, home improvement, and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans, equipment finance loans, and small business administration loans. It operates full service domestic banking offices, and mortgage and loan production offices. The company was founded in 1971 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
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