Good MorningEquity markets were flat to up on Wednesday as traders tried to gauge the future of interest rates. The S&P 500 and NASDAQ closed near break-even for the day, while the blue-chip Dow Jones Industrial Average led with a gain near 0.5%. This is the longest winning streak for the blue-chip index, putting it at a one-month high with sights on retesting the all-time high. The risk for traders now is that next week's economic data and retail sector earnings will sap sentiment and cap gains in equities.
Among the hurdles for the market is guidance. The earnings season is better than expected on average, but guidance from key companies has been light and points to a weaker 2nd half than previously forecast. In this scenario, the S&P 500 is heading toward a hard ceiling that may coincide with the next FOMC meeting. The market continues to predict an interest rate cut for this year but may be overly optimistic. The FOMC has normalized rates; we have to live with them until the next economic catastrophe.
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Materials | | Evidence is mounting to support a bullish outlook for the agricultural sector. A closer look reveals that shares of FMC Co. (NYSE: FMC) could become one of the most attractive options within the primary industries supporting the new wave of agricultural demand. After reporting its first quarter 2024... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Discretionary | | Lucid’s (NASDAQ: LCID) stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market domination, or profits. The results frightened the market because spending is rising, and profitability... Read the Full Story |
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Industrials | | Generac Holdings Inc. (NYSE: GNRC) is attempting to recover from its Q1 2024 earnings selloff. The computer and technology sector company is a leader in manufacturing backup power generators with a 70% market share. It has expanded its offerings to include a range of clean energy, battery and monito... Read the Full Story |
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From Our Partners | | You've seen the crypto market… it's absolutely on fire. And the biggest catalyst could be up next. September 15. That's when the Senate's cloture motion on the Clarity Act is scheduled to come due… the first major floor test for a bill designed to finally give America clear rules for digital assets.
The market is rallying before that vote even happens... Crypto is already ripping before the most important bill for the market has passed.
We believe we've found the altcoin that could benefit the most from this bill… And given the current move in the market, we are recommending it right now. | | Get Our #1 CLARITY Act Coin Pick. |
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Consumer Discretionary | | Homebuilder PulteGroup Inc. (NYSE: PHM) shares are trading up 13% year-to-date despite a soft housing market. High interest rates have led to a weak existing home sales market, where owners refuse to sell their homes only to get trapped with higher mortgage rates on their next home. 7% mortgage rate... Read the Full Story |
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Markets | | Earnings reports are trickling out from some of the biggest public companies, and investors remain uncertain about the current environment. Economic expansion is slowing and sentiment is muted, but good earnings data could boost stocks into the next leg of the bull market. Are you up to speed on how... Read the Full Story |
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From Our Partners | | SpaceX shed nearly 1 trillion dollars in market value within two weeks of its June IPO. It is not alone: Cerebras fell 42 percent in six weeks, Uber dropped 40 percent in six months, and Robinhood collapsed 85 percent in five months.
The pattern is consistent. Buying IPO hype on day one has repeatedly cost investors, while early access before a company goes public has been the more reliable path.
One analyst has identified a major AI company preparing for its IPO and a way to get positioned early. | | Click here to see the pre-IPO opportunity now |
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Technology | |
Datadog (NASDAQ: DDOG) shares are down hard following its Q1 release and may be in the doghouse. However, heightened expectations, tepid guidance, and the exit of long-time president Amit Agarwal are also at play, suggesting a knee-jerk reaction to the news and a buy-the-dip opportunity for invest... Read the Full Story |
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Markets | | Shares of Celsius Holdings Inc. (NASDAQ: CELH) are down by as much as 5% in Tuesday’s trading session, a reaction that came after the company reported its first quarter 2024 earnings results. Arguably the most important earnings announcement, as the first quarter sets the tone for the rest of ... Read the Full Story |
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Consumer Discretionary | | Despite the viral spread of artificial intelligence (AI) applications in companies and industries, not every enterprise is cashing in wildly or even seeing an uptick in business. This has become painfully evident for online education platform provider Chegg Inc. (NYSE: CHGG).
Ironically, students a... Read the Full Story |
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Technology | |
Computer gaming and accessories manufacturer Logitech International S.A. (NASDAQ: LOGI) saw strength in its video gaming segment in Q1 2024. The computer and technology sector company has narrowed its focus to making gaming and streaming products like webcams, headsets, mice, and keyboards. It als... Read the Full Story |
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Technology | |
Shares of Micron Technology (NASDAQ: MU), a leading provider of storage-focused microchip products worldwide, are having a year to remember. MU has surged over 40% year-to-date, significantly outperforming the overall market and its semiconductor sector, up 27% during the same period.
Notably, M... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Emergent BioSolutions Inc., a life sciences company, provides preparedness and response solutions for accidental, deliberate, and naturally occurring public health threats in the United States. The company offers NARCAN Nasal Spray for the emergency treatment of known or suspected opioid overdose; Vaxchora vaccine for the prevention of cholera; Vivotif vaccine for oral administration for the prevention of typhoid fever; Anthrasil for the treatment of inhalational anthrax; BioThrax, an anthrax vaccine; CYFENDUS for post-exposure prophylaxis of disease following suspected or confirmed exposure to Bacillus anthracis; and Raxibacumab injection for the treatment and prophylaxis of inhalational anthrax. It also provides ACAM2000, a smallpox vaccine; CNJ-016 to address complications from smallpox vaccination; TEMBEXA for the treatment of smallpox disease caused by variola virus in adult and pediatric patients; BAT for the treatment of symptomatic botulism; Ebanga for the treatment of Ebola; Reactive Skin Decontamination Lotion Kit to remove or neutralize chemical warfare agents from the skin; Trobigard, a atropine sulfate obidoxime chloride auto-injector. In addition, the company is developing CGRD-001 for the treatment of poisoning by organophosphorus nerve agents or organophosphorus compounds; EBS-LASV to prevent Lassa fever; EBS-MARV to prevent Marburg virus disease; EBS-SUDV to prevent Sudan virus disease; Pan-Ebola mAbs for the treatment of ebola virus; SIAN Antidote for initial treatment of certain or suspected acute cyanide poisoning; UniFlu for immunity against influenza A and B viruses; and WEVEE-VLP for equine encephalitis virus infections. Further, it provides contract development and manufacturing services comprising drug substance and product manufacturing, and packaging, as well as technology transfer, process, and analytical development services. The company was incorporated in 1998 and is headquartered in Gaithersburg, Maryland. | | View Today's Stock Pick |
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