Good MorningThe S&P 500 advanced to set another new high last week as the wall of worry grows taller. The index is rising based on the expectation for earnings growth and could continue to rise through the year's end. However, the signs are growing that a much-needed correction is coming. Investors should be prepared for the index to move lower over the summer before moving higher later in Q4.
The risk for the market this week is on Friday. The PCE price index is due and will shed light on the state of consumer inflation. The odds are high that inflation has cooled compared to last month and year. The question is whether it has cooled enough to keep the FOMC on track to cut rates this year. If not, the news could be the catalyst to send this market into a selling frenzy. The takeaway for investors is to be prepared for the sell-off and ready to buy quality stocks at lower prices. Featured: Get our #1 crypto pick within minutes (Ad) 
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Markets | |
After displaying relative strength in the first quarter, the financial sector and the Financial Select Sector SPDR ETF (NYSE: XLF) have underperformed in the second quarter, with the popular financial ETF down 1.4% for the period.
Several weeks ago, a double top pattern seemed all but confirmed ... Read the Full Story |
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From Our Partners | | Most people’s first crypto purchase is their worst one. Not because crypto is bad. Because they make the same handful of mistakes almost everyone makes. They pay too much, because they don’t know how to buy at lower prices.
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Technology | |
Micron Technology (NASDAQ: MU), a prominent semiconductor industry player, is poised to release its Q3 2024 earnings report on June 26th. This upcoming event has sparked considerable interest among investors and Micron’s analyst community, leading to heightened stock price volatility in rece... Read the Full Story |
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Consumer Discretionary | |
McDonald's Corporation (NYSE: MCD) is the global leader in the fast-service restaurant sector. It continues to draw attention from investors seeking exposure to companies acknowledged for brand recognition, expansive reach, and consistent dividend payments. Although McDonald’s stock perfor... Read the Full Story |
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From Our Partners | | What I bought is tokenized gold. Real gold in a professional vault… held as a digital token in a wallet only I control. Now compare that to how most people own gold. You call a dealer and pay a premium over the gold price. You wait for it to ship… then you find somewhere to hide it.
And when you want out? It gets worse. Buy a 1 oz gold coin from a dealer and sell it back, and about 4% to 8% of your money is typically gone. Plus, physical gold holders wait days for dealers to verify the gold and pay them.
Tokenized gold? You can sell it any hour, any day, even on a Sunday night, for a small trading fee. So when you need your money, which would you rather own? Gold that takes days to sell… or gold you can sell in seconds? | | Click here to see how tokenized gold works. |
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Healthcare | |
Sarepta Therapeutics (NASDAQ: SRPT) is leading the game in precision genetic medicine and biotechnology. Sarepta Therapeutics' stock price has witnessed a surge of over 40% after receiving expanded FDA approval for its Duchenne muscular dystrophy (DMD) gene therapy, Elevidys. This pivotal decisi... Read the Full Story |
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Consumer Discretionary | |
CarMax (NYSE: KMX) is set up for a market melt-up because of improving market sentiment. The used car market is still struggling due to market normalization, but it is sufficient to drive solid cash flow for this business, and the trends are improving. The critical takeaway from the Q1 report is t... Read the Full Story |
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From Our Partners | | Anthropic, the company behind Claude, had been expected to go public in October. Now reports say it’s targeting November, with marketing to investors as soon as the week of November 9th and trading before Thanksgiving.
When an IPO this big hits, the real money isn’t made by the people buying shares on day one. It’s made by the people positioned for what happens after: when early investors cash out and go looking for the next big multiplier.
Now we have a few extra weeks to get positioned before that happens. I believe that money has a natural home. An AI crypto that does what the big AI companies won’t: private, uncensored AI that people and autonomous AI agents already use. | | Get my #1 AI crypto for the Claude IPO. |
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Utilities | |
The renewable energy sector is experiencing unprecedented growth, a trend reflected in the record-breaking 2023 installation of 305 gigawatts (GW) of new solar capacity worldwide. This surge signifies a global shift towards cleaner energy sources, with solar and wind power playing a central role i... Read the Full Story |
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Healthcare | |
Gilead Sciences (NASDAQ: GILD) saw its stock jump nearly 10% yesterday after announcing groundbreaking results from its HIV treatment trial. The biopharmaceutical company revealed 100% efficacy in its Phase 3 HIV prevention trial, marking the first trial showing zero infections.
Given the stock'... Read the Full Story |
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Technology | |
Investors can often dissect the reasoning behind some of the world's brightest minds' choices, remembering not to blindly follow them. The investing world is always focused on what mega investors like Warren Buffett or Ray Dalio have been buying or selling lately; however, other gems in other area... Read the Full Story |
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Consumer Discretionary | |
The housing market in 2024 continues to be complex and volatile for homebuyers and investors. Interest rate volatility, affordability concerns, and persistent inflation present ongoing challenges for the industry. However, the demand for housing remains resilient, driven by favorable demographics ... Read the Full Story |
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Technology | |
Advanced Micro Devices (NASDAQ: AMD) stock is ready for another run higher; all you have to do is ask its investors. They’ll say yes. The question is whether the stock can make another run higher, and the answer is also yes. Late to the AI game, AMD AI accelerators are flooding the market an... Read the Full Story |
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Monday's Early Bird Stock Of The Day SentinelOne, Inc. operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats. In addition, it offers endpoint protection, endpoint detection and response, cloud and identity security, attack surface management, mobile endpoint security, xdr power tools, watchtower, and vigilance MDR. The company was formerly known as Sentinel Labs, Inc. and changed its name to SentinelOne, Inc. in March 2021. SentinelOne, Inc. was incorporated in 2013 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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