Good MorningEquity markets began the week on an uncertain footing. Fear of inflation and the FOMC is percolating in the background despite recent signs of cooling. Among the most significant risks to the outlook is the oil price, which broke out to a new high this week. Another risk is the CPI report, which is due out next week. The CPI is expected to show an acceleration from the previous month; the question is how much of 1? Based on the price of oil, it could be substantial.
The S&P 500 index is hovering beneath a critical resistance point. If this point is not crossed soon, the index will correct to firmer support, which could be a large movement. The best target for support is about 5% below the current action, and it may not be sufficient to hold the market. The next target is another 5% lower and may not hold the market if the FOMC strengthens its hawkish tone. Featured: Trump's New Dollar (Ad) 
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Industrials | |
Investing in robotics means investing in a rapidly evolving landscape where technology takes center stage. The realm of robotics has emerged as a beacon of innovation and potential. Picture a future where robots collaborate seamlessly with humans, revolutionizing industries, streamlining processes... Read the Full Story |
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From Our Partners | | On January 24th, 2022, Bank of America told Bloomberg something that should terrify every American with a savings account… The digital dollar is inevitable. Think about what this means... When the digital dollar goes live, every dollar you saved could suddenly be trackable at the transaction level.
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Finance | |
Coinbase Global Inc. (NASDAQ: COIN) pulled back after rocketing nearly 15% higher on August 29 on news that a potential launch of a long-awaited Bitcoin ETF may be getting closer.
Investors were initially excited about what a new ETF might mean for Coinbase, but their expectations clearly came ba... Read the Full Story |
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Technology | |
Apple Inc. (NASDAQ: AAPL) ended August with a loss, finishing in the red for the first time since December.
Likewise, Microsoft Corp. (NASDAQ: MSFT), the S&P 500’s second-largest component, after Apple, ended to the downside in July and August. Microsoft, too, logged gains in each mont... Read the Full Story |
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From Our Partners | | Marc Chaikin - the analyst who called Nvidia before its historic run - says a tech firm labeled 'the unseen winner of the AI race' may soon split into three separate companies in an event known as a starburst.
Investors who buy shares before the announcement could automatically receive equal shares in each spinoff. In GE's 2021 starburst, one position became three, unlocking $184 billion for shareholders. Chaikin believes this AI starburst could be significantly larger. | | Get the full details on this rare AI opportunity before it goes public |
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Retail/Wholesale | |
The takeaway from Q2 earnings results for the retail sector is that consumer habits have changed. Once flush with stimulus cash and little to do but spend it, the consumer buys less discretionary items in favor of everyday items like food, health, and personal grooming. While some emerged as clear... Read the Full Story |
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Technology | |
One stock that has surprised markets with a wild ride during the past twelve months is Meta Platforms (NASDAQ: META), which went from a high of $350 a share in 2022 to a low of roughly $88 during the same year and began 2023 by rising as much as 269%.
News typically follows stock prices, which is... 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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Medical | |
Of the 19 U.S. corporate spinoffs that have occurred in 2023, GE HealthCare Technologies Inc. (NASDAQ: GEHC) may be the most intriguing. With the market’s attention on a wave of media spinoffs, the growth opportunities at General Electric’s new standalone healthcare business are well w... Read the Full Story |
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Auto/Tires/Trucks | |
Shares of NIO (NYSE: NIO) have declined recently by as much as 33% during the past quarter, a reaction driven by market's indigestion of the latest quarterly financial results from the company.
While there are some justifiable reasons to worry, understanding what is happening behind the scenes ma... Read the Full Story |
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Finance | |
A combination of factors, including the supply/demand imbalance, OPEC+ production cuts, and the oil charts, suggest this is a golden time to buy oil and oil stocks. Regarding the oil price (NYSEARCA: USO), the oil price rose more than 7% in the week ended 9/1 to set a new 1-year high. The move bro... Read the Full Story |
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Technology | |
If you - like the rest of the market - were betting on the United States FED cutting interest rates this year, then a rude awakening was the catch of the day at the last FOMC meeting, where chairman Jerome Powell indicated that there could be further hikes for the rest of 2023.
This reality has s... Read the Full Story |
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Industrials | |
Clean energy is a trend that is continuing to gain steam. The global decarbonization movement has spurred the migration to electric vehicles (EVs) and the adoption of renewable and clean energy sources. While there’s no doubt the clean energy movement continues to spread, the stocks have gon... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors. Its investment products include actively and passively managed mutual funds; rules-based and active exchange traded funds; institutional separate accounts; variable insurance products; alternative investments; and private closed-end funds; and a 529 Education Savings Plan. The company also offers strategies through third-party investment products, including mutual funds, third-party ETF model strategies, retail separately managed accounts, unified managed accounts through wrap account programs, Collective Investment Trusts, and undertakings for the collective investment in transferable securities. Victory Capital Holdings, Inc. was incorporated in 2013 and is based in San Antonio, Texas. | | View Today's Stock Pick |
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