Good MorningThe sell-off in equity markets deepened on Thursday. The broad market S&P 500 shed roughly 0.8%, led by big tech companies like Apple. Apple shed more than 2% at the day's low and could shed another 1% to 3% before hitting a solid support level. However, stock market corrections are a necessary function of equity markets, often leading to buying opportunities within bull markets, as this one is likely to do. Because the outlook for earnings is robust, this correction is likely to be short-lived and lead to higher index prices later in the year.
Thursday's economic data aligns with the outlook for higher index prices. Housing starts, permits, industrial production, and capacity utilization were all better than expected and suggest stable, if not growing, economic activity. Aside from earnings season, which is ramping into high gear, the next major hurdle for the market is the PCE price index at the end of the month. If it aligns with the CPI data, the market is sure to regain its footing and begin the next march higher. Featured: MindWalk Holdings Pushes AI Into Pharma Research (Ad) 
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Energy | |
Kinder Morgan (NYSE: KMI) has what it takes to deliver attractive value to investors. It is a steady energy business supported by rising demand with stable, visible cash flows that allow it to pay a substantial dividend. The payout is worth nearly 5.5% annually and is sustainable, as is annualiz... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Technology | |
As the global economy becomes more digitized by the day, business and customer data are kept in what’s now the most common term in the technology sector: The Cloud. Companies rely on cloud computing services and artificial intelligence to make the vast databases they can access work for them... Read the Full Story |
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Industrials | |
Cintas Corporation’s (NASDAQ: CTAS) Q4 results and guidance prove its parabolic share price movement can continue. The results continue a trend that includes organic and acquisitional growth, widening margins, robust cash flow, and capital returns. The trend has the stock price up more tha... Read the Full Story |
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From Our Partners | | In 1974, a quiet deal between Henry Kissinger and the Saudis reshaped America's monetary order overnight, with no announcement and no vote in Congress.
Decades later, the dollar had lost more than 84% of its purchasing power even as millionaire ranks surged into the millions.
Financial reporter Kimi Weintraub sits down to explore a new, largely unnoticed shift in America's monetary system, one tied to executive orders and a reported 13-nation agreement. | | Watch the full interview before the December 14 Miami summit |
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Markets | | Risk tolerance and risk appetite may sound like different ways to describe the same thing, but they’re actually very distinct measurements. Risk tolerance ensures that you do not take on more risk than you can emotionally handle, preventing stress and impulsive decisions, while risk appetite h... Read the Full Story |
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Healthcare | |
Abbott Laboratories (NYSE: ABT) is a premier buy-and-hold stock because of its foresightful management, quality operation, portfolio, pipeline, cash flow, and capital return. It’s not always a good buy; all healthcare stocks have ups and downs in their cycles, but Abbott is a buy today, no ... Read the Full Story |
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From Our Partners | | When Moonshot AI's new model rattled overnight markets, stocks gapped down 1 percent before the open, and history shows the story doesn't end there.
Between 9 30 and 9 50 AM, Wall Street settles nearly 25 percent of the day's total volume in a single 20 minute window, often revealing market direction for the rest of the morning.
A former money manager breaks down the floor data behind this pattern, including a June 25th session where inflation surged past 4 percent and the market moved just 0.3 percent afterward. | | Watch the full video breakdown before access is taken down |
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Technology | |
Though they've cooled somewhat over the past fortnight, shares of tech titan Microsoft Corp (NASDAQ: MSFT) are still up 20% this year. For now, the 5% drop since the first week of July does not look like anything to worry about; it is more of a case of Microsoft getting pulled down by NVIDIA's (... Read the Full Story |
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Markets | |
United Airlines (NASDAQ: UAL) is one of the “Big Three” passenger airline companies in the United States, along with Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL). The firm reported Q2 2024 financial results on Jul. 17, 2024. The company has significantly outp... Read the Full Story |
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Communication Services | |
While the overall market has enjoyed an impressive 17% year-to-date gain, recent rotations and sector-specific outflows have created a ripe environment for potential pullbacks. The semiconductor sector, for example, has seen a notable decline, with the SMH ETF down nearly 10% from its 52-week high... Read the Full Story |
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Technology | |
The semiconductor industry is the cornerstone of the global economy, underpinning the technology sector with products ranging from smartphones and computers to automobiles and advanced artificial intelligence applications. This sector witnessed a significant surge in stock prices in recent years, ... Read the Full Story |
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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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Friday's Early Bird Stock Of The Day Eliem Therapeutics, Inc., a biotechnology company, focuses on developing therapies for neuronal excitability disorders to address unmet needs in psychiatry, epilepsy, chronic pain, and other disorders of the peripheral and central nervous systems. The company was incorporated in 2018 and is headquartered in Wilmington, Delaware. | | View Today's Stock Pick |
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