Good MorningEquity markets slipped on Thursday following a round of weaker-than-expected data. While the rise in jobless claims, the shortfall in the Philly Fed MBOS, and weaker-than-expected housing data suggest softening in the economy, none were truly bearish. Jobless claims are trending at healthy levels, the Philly Fed MBOS points to economic expansion, and housing data aligns with trends. The question is whether the trends will remain in place while the FOMC waits for inflation to cool or if the economy will tip into a recession. However, the odds of a recession are low, so the market should continue to climb its wall of worry.
The next big hurdle for markets won't come until next Friday. The May read on income, spending, and consumer inflation is due and expected to align with the recent CPI data. The CPI shows inflation cooling but at a slow pace, which is unlikely to allow the FOMC to cut rates before November or at the pace markets have priced in. However, if the data aligns with cooling inflation and an FOMC pivot to lower rates, the market rally will likely continue. Featured: The case for trading fewer setups, not more (Ad) 
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Retail/Wholesale | |
Kroger’s (NYSE: KR) long-anticipated merger with Albertsons Companies (NYSE: ACI) has been a deadweight on their stock price for years. Try as they might; they just can’t get approval, and the stock prices are wallowing within trading ranges.
The deal, blocked by the FTC, would unlo... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Retail/Wholesale | |
Darden Restaurants, Inc. (NYSE: DRI) is a dominant player in the full-service dining sector. Darden operates a diverse portfolio of restaurant brands familiar to many Americans. From the iconic Olive Garden and Longhorn Steakhouse to specialty brands like The Capital Grille and Seasons 52, Darden'... Read the Full Story |
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Consumer Staples | |
Because of how inflation in the U.S. economy has been headed lately, it isn’t consumer discretionary stocks that tend to call on the market’s attention, but rather the artificial intelligence-drunk technology names, the likes of NVIDIA Co. (NASDAQ: NVDA) and others. However, there are ... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Technology | |
Accenture (NYSE: ACN) is a global leader in professional services and technology consulting. Accenture’s third-quarter earnings revealed a company strategically positioned for growth within the rapidly evolving technological sector. While the company's earnings and revenue slightly missed Ac... Read the Full Story |
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Technology | |
The tech sector is hot and leading the broad market to new highs. The problem for investors is that gains aren’t spread equally across industries or companies within industries, making it a stock-pickers market. One way to find good investments versus bad ones is to follow the money. In this... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Energy | |
After showing relative strength in the first quarter, the energy sector and the Energy Select Sector SPDR Fund ETF (NYSEARCA: XLE) trended lower in the second quarter, recouping most of their gains. Now up just over 5% year-to-date, the sector is underperforming the market and its benchmark.
How... Read the Full Story |
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Construction | |
Over the past quarter, fueled by the company’s latest quarterly earnings results, shares of Autodesk Inc. (NASDAQ: ADSK) have rallied by more than 25%. However, while some investors may be wary of buying into a rally, this could be the best time to consider Autodesk as a bullish momentum sto... Read the Full Story |
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Retail/Wholesale | |
Stock splits often make waves in the investing world. They’re the party trick of the stock market, chopping the number of existing shares into smaller, more affordable amounts without changing the company's total value.
Quite simply, a stock split is the division of shares. It’s a way... Read the Full Story |
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Retail/Wholesale | |
Signet Jewelers (NYSE: SIG) is a diamond jewelry retailer. It operates several well-known brands, such as Kay Jewelers, Jared, and Zales. The firm posted fiscal year Q1 2025 earnings on Thursday, June 13th. Despite handily beating earnings estimates, the stock price cratered. The firm reported an ... Read the Full Story |
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Consumer Staples | |
RH (NYSE: RH), once known as Restoration Hardware, is a high-end home furnishing retailer. The firm's shares plummeted after it missed analysts' consensus estimates on first-quarter earnings last Thursday, June 13, 2024. It reported an earnings-per-share (EPS) of negative $0.40, compared to an est... Read the Full Story |
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Friday's Early Bird Stock Of The Day Zillow Group, Inc. operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services. In addition, the company's brand portfolio includes Zillow Premier Agent, Zillow Home Loans, Zillow Rentals, Trulia, StreetEasy, HotPads, and Out East; and a suite of marketing software and technology solutions for the real estate industry, including ShowingTime+, Spruce, and Follow Up Boss. Zillow Group, Inc. was incorporated in 2004 and is headquartered in Seattle, Washington. | | View Today's Stock Pick |
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