Good MorningEquity markets were mixed on Wednesday as sector rotation grips the market. The S&P 500 and NASDAQ Composite fell more than 1% at the day's low, the NASDAQ by more than 2%, as the flight-to-safety and blue chip appeal offset tech-led selling. The S&P 500 now shows significant resistance to higher prices near 5,650 and risks becoming range-bound at these levels or worse. The selling could accelerate if the FOMC fails to impress the market with its next policy statement.
A move lower is good news for investors despite the damage to portfolio values today. The S&P 500 is top-heavy, concentrated in Big Tech, and needs a healthy correction. The underlying economic fundamentals remain strong and are bolstered by the interest rate outlook, so the uptrend will continue; the sell-off, however deep it gets, will lead to a buying opportunity. Investors should keep some capital in reserve to take advantage of it. Featured: Elon Musk Called a Total Fraud in 2018 - Here's What Changed (Ad) 
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Materials | |
Most investors will find the stock market to be a frustrating reflection of the economic realities of the United States, and that’s okay. The market will not always be in sync with the economy, but that’s where savvy investors will make most of their year’s gains, in closing the ... Read the Full Story |
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From Our Partners | | Jeff Brown, founder and CEO of Brownstone Research, says he has uncovered what he calls one of the biggest discoveries of his career tied to the ongoing AI boom.
Brown is pointing to a key date, October 20, and is highlighting five AI-related opportunities outside the traditional stock market that most investors have never heard of. | | Click here to see the full research before October 20 |
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Markets | |
Understanding the dynamics of a pullback is crucial for investors seeking to capitalize on short-term market fluctuations. A pullback is a temporary price decline in a stock or index that contradicts the prevailing trend. Often viewed as buying opportunities, pullbacks allow investors to enter a p... Read the Full Story |
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Industrials | |
Even good companies fall on hard times. Hard times can shift market sentiment and put downward pressure on their stock prices regardless of the underlying business quality. The stocks on this list have reason to trade at long-term lows but offer opportunities in their business quality, valuations,... Read the Full Story |
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From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
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Technology | |
NVIDIA (NASDAQ: NVDA) is the world's leading designer of graphics processing units (GPUs) and a major player in the artificial intelligence (AI) boom. Investors have been left perplexed by the recent performance of NVIDIA's stock. Despite announcing record-breaking financial results and maintain... Read the Full Story |
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Industrials | |
Most investors have been trying to squeeze the last leg in the technology sector rally, risking getting caught in the top of artificial intelligence names like NVIDIA Co. (NASDAQ: NVDA), which is now rejecting a new all-time high as news hit the market that the U.S. will increase technology bans a... Read the Full Story |
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From Our Partners | | MindWalk Holdings (NASDAQ: HYFT) is applying AI to drug discovery, and its customer base already includes 19 of the top 20 global pharmaceutical companies.
The company's HYFT technology maps roughly 660 million biological patterns and 25 billion relationships. Q1 fiscal 2027 revenue hit $3.8 million, with gross margin improving to 59 percent in its fifth consecutive quarter of year-over-year growth.
A new OpenFold3 deployment delivered about 5x faster antibody-antigen inference, and a $30 million revolving credit line, free of warrants or equity conversion, adds fuel for expansion. | | Take a closer look at HYFT before AI reshapes drug discovery. |
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Healthcare | |
Johnson & Johnson (NYSE: JNJ) has struggled for the last year or two as the impacts of COVID-19 and the spin-off of Kenvue (NYSE: KVUE) work their way through the system. The takeaway from the Q2 earnings release is that organic growth is back in the picture. Reported revenue is down compare... Read the Full Story |
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Markets | |
State Street (NYSE: STT) is a financial services firm that reported Q2 2024 financial results on Jul. 16, 2024. Shares were up 7.45% after the release as the firm beat adjusted earnings per share estimates by 12 cents. Revenue also beat expectations by $45 million.
Even with the rise in share p... Read the Full Story |
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Technology | |
It’s been a long time coming, but stock rotation is back in the outlook. Rotation, the practice of exiting one group of stocks in favor of another, was triggered by the latest CPI report, which was better than expected.
The takeaway from the CPI report, compounded by comments from Jerome P... Read the Full Story |
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Finance | |
If you look at Goldman Sachs’ (NYSE: GS) 70% gain over the last nine months and wonder how much higher it can go, the answer is a lot. The uptrend is supported by revenue and earnings quality, an outlook for double-digit growth in the next fiscal year, and robust sell-side support that sho... Read the Full Story |
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Industrials | |
Joby Aviation (NYSE: JOBY) is taking flight, but investors should wait until the next stock price dip before buying in. The recent 50% surge in stock price was driven by good news, but there has been little change in the near-term outlook. The takeaway is that Joby is improving its position, is ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Staffing 360 Solutions, Inc. engages in the provision of based staffing services and the acquisition and management of staffing companies in the information technology, financial, accounting, healthcare and cyber security industries. It operates through the following segments: Commercial Staffing, Professional Staffing-US and Professional Staffing-UK. The company was founded on December 22, 2009 and is headquartered in New York, NY. | | View Today's Stock Pick |
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