Good MorningEquity markets increased on Wednesday, showing a high optimism that the CPI release would be good. The consensus is for headline CPI to recede compared to last year and for the core to hold steady, which is insufficient for the FOMC to cut rates but aligns with trends. The trend is a slow wind-down of inflation tracking toward the Fed's 2% goal. Currently, the FOMC is on course to cut rates this year and may do so twice by the end of the year.
The S&P 500 advanced 1% on Wednesday to set a new all-time high. The move indicates the rally is still on, but the risk of a correction grows. The market is extended at these levels, well above critical support targets, and divergences in the indicators mount. The caveat is that the uptrend can continue indefinitely despite the weakened indicators due to the outlook for earnings growth. With earnings expected to grow, a correction would be healthy for the market and equate to a buying opportunity. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Technology | |
The lion’s share of stock market attention has centered around the technology sector, particularly with stocks exposed to the artificial intelligence race in its breakthroughs and adoption across the global economy. However, not all stocks are equal in that race; some have gotten more attent... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Discretionary | |
A single analyst's upgrade can excite a market; a trend of upgrades can lift it, which is lifting Carvana (NYSE: CVNA)—a trend in upgrades signaling a shift in sentiment and a sustainable rally for this stock. The upgrade trend is strong enough to put CVNA on MarketBeat’s list of Most ... Read the Full Story |
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Technology | |
Corning Incorporated (NYSE: GLW) is a $38 billion business specializing in glass and ceramic-related technology. Its products are used in everything from flat-screen TVs, smartphones, and sensitive sensors for drug research, which might not seem that exciting, but don't be put off. At a time when ... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Technology | | Palantir Technologies Inc. (NYSE: PLTR) is up 68% through the first half of 2024. That makes it not only one of the best technology stocks of the year but also one of the best-performing stocks in the market period. And with the market still showing a lack of breadth, it’s noteworthy that PLTR... Read the Full Story |
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Markets | |
SMART Global Holdings' (NASDAQ: SGH) repositioning efforts have set it up to achieve record-high share prices soon. The company’s Q3 results aren’t perfect, but include critical details that will support the market over time. Among them are improved profitability and a return to grow... Read the Full Story |
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From Our Partners | | A small-cap gold and silver royalty company is generating record revenue from producing mines, yet shares still trade under 1 dollar.
It just signed the largest transaction in its history, a new gold streaming deal backed by a strategic relationship with a major mining investment firm.
A well-known sector financier has invested his own money and joins the CEO in an exclusive interview breaking down the full story. | | Click here for instant access to the free report now |
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Industrials | |
Last week, Boeing (NYSE: BA) announced it is acquiring one of its key suppliers, Spirit AeroSystems (NYSE: SPR), for $37.25 per share. The transaction represents an equity value of $4.7 billion and an enterprise value of $8.3 billion, as Boeing will assume $3.1 billion of Spirit's debt. At the t... Read the Full Story |
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Markets | | Not every investor is in the market for the long haul. Some prefer short time frames and volatile stocks, looking to make a profit in days or weeks rather than years. Short-term investors occasionally find a big win (like the short squeezes in meme stocks back in 2021), but day and swing trading is ... Read the Full Story |
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Consumer Discretionary | |
Shares of Domino's Pizza, Inc. (NYSE: DPZ) have been on a tear since May of last year. The fast food giant has watched its stock gain as much as 85% in less than a year as it returns to its winning ways. For context, in the ten years before Domino's last hit an all-time high, the stock gained 1,... Read the Full Story |
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Technology | |
The cybersecurity sector is rapidly transforming, marked by an increasingly sophisticated and persistent threat from cybercriminals. As businesses become increasingly reliant on digital infrastructure, the consequences of a successful cyberattack are becoming more severe, impacting financial stabi... Read the Full Story |
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Healthcare | |
Drug prices continue to rise, driving up healthcare costs. Pharmaceutical companies usually hike drug prices at the beginning of each year. In January 2024, the average price hike was 5.4% on over 700 brand drugs. Their generic versions are alternatives to brand drugs, which come at a significant ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services. It entertains consumers worldwide by providing premium feature film and television programs, enthusiast streaming channels, and technology services. The company was formerly known as Cinedigm Corp. and changed its name to Cineverse Corp. in May 2023. Cineverse Corp. was incorporated in 2000 and is based in New York, New York. | | View Today's Stock Pick |
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