Good MorningThe S&P 500 edged higher on Tuesday to set another fresh all-time high and may continue to move higher, although the risk of a price correction grows daily. The market's rise is driven by momentum and analysts' upgrades of NVIDIA, making it extended and vulnerable to a sell-off. In this scenario, the market could begin to pull back at any time, and the retreat could be sharp. The caveat for investors is that a full-blown market reversal and bear market are unlikely, so staying the course is the best option.
The S&P 500 is set up for a price correction but not a reversal, which means the next major price drop is a likely entry point for new money. The earnings outlook supports the uptrend, and it is robust. The only thing that can derail the market now is a shift in expectations, which is unlikely without a change in the fundamentals. As it is, the next change in fundamental conditions should be an interest rate cut by the FOMC, which should come by the end of the year.
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Energy | |
Insiders are buying PBF Energy (NYSE: PBF), BioCryst Pharmaceuticals (NASDAQ: BCRX), and Leggett & Platt Inc. (NYSE: LEG), setting them up to rebound. The only questions are what could catalyze their rebounds, when they will begin, and how high they might go. Based on the data, the answers are... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Technology | |
Commvault Systems (NASDAQ: CVLT) share price nearly doubled in the last nine months because of its utility and appeal for business. The company is a leading data protection and recovery service focused on fighting AI-driven threats. AI-powered threats are the most insidious of cyber threats beca... Read the Full Story |
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Technology | |
Intuit (NASDAQ:INTU) is seated in the technology sector and specializes in providing tax and small-business accounting software. RBC Capital recently initiated coverage on the company, setting a price target of $760, implying a 15% upside from the current price. Lead analyst Rishi Jaluria believ... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Auto/Tires/Trucks | |
Many misconceptions about the stock market exist and are constantly growing. These are particularly abundant when the market is coming off of a low interest rate cycle, where easy money and a risk-on mentality can seriously blur investor filters when looking for a stock to justify an investment. T... Read the Full Story |
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Technology | |
PDD Holdings Inc. (NASDAQ: PDD) is a Chinese e-commerce company that mainly operates two popular online businesses. The core business is the social commerce company Pinduoduo. Temu is their second business, an online store known for selling heavily discounted products sourced directly from manufac... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Technology | |
Using stock options can help manage risk, providing you with different ways to trade an underlying stock in the direction you believe it will go. Most of the options spread strategies we’ve covered have been vertical spreads. Vertical spreads involve the two option legs, comprised of a long ... Read the Full Story |
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Transportation | |
The Greenbrier Companies (NYSE: GBX) stock is returning to the buy zone. The business is boring, and the Q3 release is uninspiring, but neither are reasons for income investors to shed the stock. The results certainly aren’t reasons for its price to drop more than 10%, which is why the stock... Read the Full Story |
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Medical | |
Global pharmaceutical company Eli Lilly & Co. (NYSE: LLY) has been in a GLP-1 arms race with its FDA-approved therapies Mounjaro and Zepbound. It's been going heads-up against GLP-1 leader Novo Nordisk A/S (NYSE: NVO), best known for Ozempic and Wegovy.
By all accounts, Eli Lilly's Tirzepat... Read the Full Story |
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Auto/Tires/Trucks | |
The market’s attention is now shifting from the hype surrounding artificial intelligence-related stocks like NVIDIA Co. (NASDAQ: NVDA) and shortly in so-called ‘meme stocks’ like GameStop Corp. (NYSE: GME) to the fact that the Federal Reserve (the Fed) is now promising interest r... Read the Full Story |
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Technology | |
Most of the market’s attention has floated to the technology sector today, focused on the companies most exposed to developments around artificial intelligence and its expanding adoption in the global economy. As more and more services and platforms adopt artificial intelligence, the situati... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Bank OZK provides various retail and commercial banking services for individuals and businesses in the United States. The company offers deposit services, including non-interest bearing checking, interest bearing transaction, business sweep, savings, money market, individual retirement, and other accounts, as well as time and reciprocal deposits. It also provides trust and wealth services, such as personal trusts, custodial accounts, investment management accounts, and retirement accounts, as well as corporate trust services, including trustee, paying agent and registered transfer agent services, and other related services. In addition, the company offers treasury management services comprising automated clearing house, wire transfer, transaction reporting, wholesale lockbox, remote deposit capture, automated credit line transfer, reconciliation, positive pay, commercial card, and other services, as well as zero balance and investment sweep accounts. Further, it provides real estate, consumer, small business, indirect recreational vehicle and marine, equipment, agricultural, commercial and industrial, government guaranteed, lines of credit, homebuilder, and affordable housing loans; lender and structured, business aviation, and subscription financing services; and mortgage and other lending products. Additionally, the company offers ATMs; telephone, online, and mobile banking services; credit and debit cards; safe deposit boxes; and other products and services. The company was formerly known as Bank of the Ozarks and changed its name to Bank OZK in July 2018. Bank OZK was founded in 1903 and is headquartered in Little Rock, Arkansas. | | View Today's Stock Pick |
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