Good MorningEquity markets extended the sell-off on Wednesday, bringing the S&P 500's losses to 4.5%. Because the correction is gaining momentum, it could exceed the 5% mark and move down as much as 10% before hitting solid resistance. The move is driven by rising fear that the FOMC will not cut interest rates as soon as expected and a round of weaker-than-expected earnings.
Earnings from ASML suggest caution among chip-makers and the potential for weaker-than-expected results for the industry. Earnings from J.B. Hunt Transport suggest persistent economic weakness beyond analysts' expectations and weaker-than-expected results for the transportation industry. The takeaway is that the outlook for the year is deteriorating quickly.
Selling may intensify today and tomorrow. The PCE index is due out next week and will likely echo the CPI report. If so, the odds of a rate cut this year will fall, undercutting the already diminishing outlook for S&P 500 earnings growth. In this scenario, the S&P 500 could fall as much as 20%, and a decline of 30% is not impossible. Featured: Move Your Money Here Before August 31st (Ad) 
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Technology | | Stock buybacks, also called stock repurchases, are important drivers of shareholder value, which is one of the reasons why Marketbeat tracks the data. As the name suggests, a buyback is when a company buys back its own shares from the market.
Buybacks are a form of capital return that can offset t... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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Industrials | |
Artificial intelligence (AI) is propping up the computer and technology sector, but it's also helping many other industries involved in collecting, procuring and providing real-time data. Planet Labs PBC (NYSE: PL), which was started by NASA scientists in 2010, operates a network of over 200 sate... Read the Full Story |
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Industrials | | United Airlines (NASDAQ: UAL) delivered a surprisingly solid performance in the first quarter of 2024, exceeding analyst projections on several key financial metrics. While the global airline sector continues to navigate economic and regulatory challenges, United Airlines' earnings results and a rev... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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Industrials | |
J.B. Hunt (NASDAQ: JBHT) is amid an industry normalization that will reinvigorate its market. However, the normalizing is taking longer than expected, and there are risks to the economy that point to lower price action before the recovery can begin. The primary is inflation and its impact on inter... Read the Full Story |
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Markets | |
Are you trying to predict the next bear market? If so, you might want to consider the magnitude of the task first. Many millions have been lost predicting bear markets that never materialize, while significant drawdowns are triggered entirely out of the blue by events like COVID-19.
Trying to pr... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Healthcare | | Abbott Laboratories' (NYSE: ABT) share price was corrected at the end of CQ1 2024 on growth, profitability and capital returns concerns. The FQ1 results, however, belie the fear and have the market set up for a rebound that could last for several quarters. Results point to normalization in the post-... Read the Full Story |
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Technology | |
ASML (NASDAQ: ASML) struggled in Q1 and has a warning for semiconductor investors. The warning is that new orders were less strong than hoped and undercut the semiconductor industry's outlook. A sizeable portion of new orders included the cutting-edge EUV technology, but not enough to support the ... Read the Full Story |
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Real Estate | |
The U.S. real estate sector has been one of the worst-performing spaces in the past 12 months. The Vanguard Real Estate ETF (NYSEARCA: VNQ) fell behind the broader S&P 500 index by as much as 24% during this period. Despite some signs of recovery in the construction sector, it could be until t... Read the Full Story |
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Healthcare | |
Johnson & Johnson (NYSE: JNJ) is one of the world's largest healthcare companies, with a diverse product portfolio that includes pharmaceuticals, medical devices and consumer health products. Johnson & Johnson recently released its Q1 2024 earnings report, and its Q1FY2024 financials are s... Read the Full Story |
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Markets | |
Markets are off to an optimistic start as the momentum built in Q4 of 2023 continued through the first three months of 2024. However, despite new all-time highs in the S&P 500, some investors are still riddled with bear market anxiety as rates and inflation remain elevated. Has the market fina... Read the Full Story |
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Thursday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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