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: The case for trading fewer setups, not more (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 | | 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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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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Retail/Wholesale | |
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 | | 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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Medical | |
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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Retail/Wholesale | |
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 | | 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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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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Medical | |
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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Construction | |
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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