Good MorningEquity markets pulled back on Wednesday as fear of rising interest rates came back to a boil. The latest Services and Manufacturing ISM reads suggest that economic momentum remains solid, and prices continue to rise. Prices in both indices showed significant upswings tied to the cost of oil. Oil prices rose to a new high last week and will continue to underpin inflation this year.
This means an increased chance for another 25 basis point rate hike his year. The odds of a hike in September remain low, but there is a 50% chance of 1 in November, which could rise over the next 2 weeks. The CPI data is due next week and will likely show inflation remains hot if not accelerating. An accelerating CPI will just about seal the deal on another rate hike and put a firm cap on the market. As it is, the S&P 500 shows resistance at a critical level and is set up for a fall. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
Dividend growth is critical for high-quality buy-and-hold stocks. Dividends attract buy-and-hold investors, but the distribution growth keeps them there. That’s important because it can help lower volatility and beta. Dividend Kings are among the highest-quality dividend-growth stocks with 5... 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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Finance | |
We're now into September, and that means many investors wonder if the September effect will be in place. This speaks to the historical trend of stocks underperforming in September compared to other months.
How you approach September may depend on whether you're an optimist or a pessimist. Sorry... Read the Full Story |
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Communication Services | |
Stocks like V.F. Corporation (NYSE: VFC), Verizon (NYSE: VZ), and PENN Entertainment (NYSE: PENN) get beaten up for a reason, but often, the market will take things to the extreme. Stock prices and fundamentals often dislocate, resulting in significant opportunities for investors. While these comp... 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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Industrials | |
AI investing is hot and not contained in the tech world. While names like NVIDIA (NASDAQ: NVDA) garner much attention, numerous blue-chip names are already leaning into the AI action. These companies are helping to advance the technology but, more importantly, embedding it into our daily lives wit... Read the Full Story |
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Industrials | |
Like its motorized industrial lifts, shares of Oshkosh Corporation (NYSE:OSK) are climbing to new heights — and may not be done.
The mid cap strung together a five-day winning streak last week, capping a 13% August 2023 surge that defied a bad month for U.S stock indices. It is up nearly 4... 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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Healthcare | |
The cold and flu season is upon us, but COVID-19 cases and hospitalizations have also increased recently. The Centers for Disease Control (CDC) will be voting on updated COVID-19 vaccines at a meeting scheduled for September 12, 2023. Updated vaccines are awaiting regulatory approval that are effe... Read the Full Story |
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Industrials | |
Asia's powerhouse has been going through a rough patch lately, so much so now that the major players in the world of investing are calling it 'uninvestable' and beating down its equities. China's economy may be weak today, but past performance does not indicate future performance; the future is fi... Read the Full Story |
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Consumer Discretionary | |
For much of the past five years, shares of Lululemon Athletica Inc (NASDAQ: LULU) traded more like a tech stock than a fashion company and experienced all the highs and lows that come with that kind of reputation. The past twelve months, though, have seen them trade in a comparatively tight range ... Read the Full Story |
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Consumer Discretionary | |
Big box consumer electronics retailer Best Buy Co. Inc. (NYSE: BBY) may be the last of its kind as the nation's largest standalone pure-play consumer electronics chain. A tough macroeconomic environment has caused consumers to tighten their wallet strings on discretionary retail products. Consumer... Read the Full Story |
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Consumer Discretionary | |
Retail is tough to crack; no segment is more so than mall-based retailers. Many, if not most, are tied to fashion trends and spending habits, and malls have not been a bastion of consumer strength for years. Despite this, there are growing signs within the group that times are changing for the bet... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Versus Systems Inc. develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices. It also offers business-to-business software platform that allows video game publishers, developers, and other interactive media content creators in-game prizing and rewards based on the completion of in-content challenges. In addition, the company provides XEO technology platform that offers online audience engagement. It primarily sells its access to platform and service offerings through its direct sales organization. Versus Systems Inc. is headquartered in Vancouver, Canada. | | View Today's Stock Pick |
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