Good MorningThe S&P 500 set another new all-time high after the CPI report confirmed that inflation is cooling. The bad news is that the new highs weren't held, resistance was confirmed, and the risk of a price correction was high because the index is overextended, diverging from its indicators, and overbought. The takeaway for investors is that the uptrend is intact, and a correction is needed to alleviate overbought conditions. It will be the next good buying opportunity to load up on quality stocks.
This week will be busy. The Q2 earnings season started last week with the reporting of most big banks. This week, banking reports will continue and be compounded by a broader array. Critical economic reports, including the June Retail Sales figure, are also due. Retail sales are expected to be flat compared to last month, showing signs of a consumer slowdown that may bleed into the broader economic outlook and sap appetite for risk on investments. Featured: Your Money Is Now ‘Government Property’ (Their Words) (Ad) 
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The defense industry stands as a cornerstone of global security, and its importance continues to grow with rising geopolitical complexities. As governments worldwide prioritize national defense and allocate significant budgets to bolster military capabilities, the defense sector presents multiple ... Read the Full Story |
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Most investors would look at consumer staples stocks for protection against the whipsaws that the market can bring during cycles. While this theory tends to work over time and has worked over time, it is a widely accepted model. However, markets aren’t a simple model. They are dynamic, and e... Read the Full Story |
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The second quarter of the 2024 earnings season has just kicked off, and the financial sector is again under the spotlight. Bank stocks are leading the pack in letting markets know how the economy is doing so far into the year's second half. However, not all bank stocks are made equal. There are ty... Read the Full Story |
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Shares of IDEAYA Biosciences Inc. (NASDAQ: IDYA) are up more than 16% after announcing positive treatment data for its Phase 2 clinical trial. The company’s pipeline candidate, IDE397, is an experimental drug designed to treat certain bladder and small-cell lung cancers. At one point, IDYA... Read the Full Story |
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Stocks | | | Asian stocks were mixed on Tuesday as investors grappled with the weak economic data from China and waited to see the outcome of a top Communist Party policy meeting in Beijing.U.S. futures rose while oil prices fell.Japan’s benchmark Nikkei 225 rose 0.6% to 41,399.72 after reopening from a holiday.... Read the Full Story |
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Markets | | | China's economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday, while emphasizing signs of improvement in factory output, income and investment. The expansion was sharply below the 5.3% annual pace of growth seen in the first quarter of the ye... Read the Full Story |
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As temperatures rise and consumers seek refreshment, the beverage industry and consumer staples sector gears up for its busiest season. Summer often brings increased sales and heightened investor interest in beverage stocks. The "Summer Beverage Wars" are heating up this year, with three key playe... Read the Full Story |
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Markets | | | British luxury fashion house Burberry said Monday it has appointed Joshua Schulman, formerly head of Michael Kors and Coach, as its new chief executive officer as the company warned it expected to record an operating loss in the first half of the year amid slumping retail sales. Burberry said Schulm... Read the Full Story |
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Markets | | | China’s ruling Communist Party is starting a four-day meeting that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology Read the Full Story |
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Markets | | | Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance.They’re still there, producing food and an income for him, thanks in part to a novel form of insurance that is increasin... Read the Full Story |
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Monday's Early Bird Stock Of The Day BlackSky Technology Inc. provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally. The company's Spectra software platform processes a range of observations from its satellite constellation and various external data sources, including imaging, radar and radio frequency satellites, environmental sensors, asset tracking sensors, Internet-of-Things (IoT) connected devices, internet-enabled narrative sources, and a variety of geotemporal data feeds. It offers a range of services related to object, change and anomaly detection, site monitoring, and enhanced analytics, which helps to detect key pattern of life changes in critical locations, including strategic locations and infrastructure comprising ports, airports, and construction sites; retail activity; commodities stockpiles; and other sites that contain critical commodities and supply chain inventory. In addition, the company develops and delivers satellites and payload systems; and provides professional and engineering services. Its products and services are used in national security, supply chain intelligence, crisis management, critical infrastructure monitoring, economic intelligence, and other applications. BlackSky Technology Inc. was incorporated in 2018 and is headquartered in Herndon, Virginia. | | View Today's Stock Pick |
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