Good MorningEquity markets continued to hover near all-time highs on Thursday as market participants held their breath in anticipation of Friday's PCE price index. All hopes are hung on the PCE price index because it is the key to unlocking FOMC policy. The index needs to trend lower, closer to the 2% target, for the committee to cut interest rates and has been sluggish in its movement. The S&P can continue to climb higher so long as the PCE index falls, but there is a fatigue risk. The longer it takes for the Fed to cut rates, the greater the risk of a deep market correction and the deeper the correction could be.
The market will get some reprieve next week. The Fourth of July Holiday is on Wednesday, the market is closed, and there are few earnings reports and economic data on the calendar. The next hurdle for the market will come the following week when the Q2 earnings reporting season begins. The first critical report will be from JPMorgan Chase & Co., which is expected to show steady top-line growth but with a narrower margin. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
Some investors have shied away from looking at consumer discretionary stocks as the U.S. consumer struggles with inflation pressures and an uncertain timeline as to whether the Federal Reserve will actually sweep in to cut interest rates this year. In addition to this bearish view, U.S. consumer s... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Technology | |
BlackBerry (NYSE: BB), one of the many companies that was once part of the “meme stocks” craze, is a technology firm that has transitioned its business from its handheld devices of the 2000s. The firm's operations now revolve around cybersecurity and Internet of Things (IoT) solutions... Read the Full Story |
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Technology | |
Progress Software (NASDAQ: PRGS) is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date. The firm reported its second-quarter financial results on Jun. 25, 2024, and is back in the green, now up almost... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Finance | |
Despite what most market investors may believe, the new business model taking over the consumer discretionary sector and even the financial industry is here to stay much longer. Known as buy now, pay later (BNPL), this business model is precisely what today’s consumer needs as the U.S. econo... Read the Full Story |
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Technology | |
Micron (NASDAQ: MU) shares fell a significant 5% in after-market trading due to its Q3 results and guidance for Q4. However, nothing in the report gives cause to sell and every reason to buy. The results were better than expected; the company revealed market share gains in the critical data center... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | |
A 4% pop yesterday put Amazon.com Inc (NASDAQ: AMZN) shares at a new record high and on the verge of a major milestone. After closing at $193.61, they're just a 3% move away from hitting $200 for the first time ever. It also means that they're now up more than 30% since the start of the year and o... Read the Full Story |
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Consumer Discretionary | |
Whirlpool (NYSE: WHR) shares surged 20% on word that it would receive a takeover bid from Bosch. However, the initial price action suggests this is a buy-the-rumor-sell-the-news event, so investors should be cautious. While a catalyst for higher share prices, the offer has yet to be tendered, and ... Read the Full Story |
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Consumer Discretionary | |
In 2021, a trader with a large Reddit following induced a massive rally in shares of GameStop Corp. (NYSE: GME). The downtrodden gaming retailer was the most shorted stock in the entire market in January 2021, but the retail buying frenzy triggered a massive run-up in price as hedge funds were for... Read the Full Story |
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Technology | |
After the company reported its full-year 2024 earnings results, shares of Paychex Inc. (NASDAQ: PAYX) are trading lower by as much as 5.5% in the morning’s trading session. The initial reaction to earnings came as a surprise, as the actual results were nothing to bearish about, although mana... Read the Full Story |
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Technology | |
The rise of artificial intelligence has been a gift for investors who own one or more of the technology stocks that stand to benefit from AI. Not only has this been a good trade, but many of these stocks, such as NVIDIA Corp. (NASDAQ: NVDA) and Microsoft Corp. (NASDAQ: MSFT), are also great buy-an... Read the Full Story |
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Friday'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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