Good MorningEquity markets started the week quietly. The S&P 500 traded within a tight range near record highs, making the 10th consecutive day within the range. The move is one of caution and indecision. The outlook for earnings is positive, but the FOMC and inflation offset it. The question on everyone's mind is whether economic momentum will be sustained through the summer and into the fall; Monday's data did little to assuage fears. ISM and flash PMI data were mixed, with one showing expansion and the other contraction while construction spending fell versus an expectation for gain. The takeaway is that the market is climbing a wall of worry, and the concerns mount. Eventually, the market will become too top-heavy to advance, and a correction will begin.
This week's risk is an important economic reading delivered on a holiday-shortened week. The June NFP report will be released on Friday, after the July 4th holiday. The market conditions will likely include light volume, so a surprise report could cause a significant move. The risk is that a move in either direction could trigger algorithmic investing and accelerate the action. Featured: This Single Fund Owns Every Major AI Stock and Pays Weekly (Ad) 
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Technology | |
AI is here to stay, and it is a problem for some because of the massive increase in power consumption associated with the rise of AI. AI lives in data centers and uses the exact (often more powerful) GPUs and accelerators as Bitcoin mining, making it an unfriendly business for the planet. Dominion... Read the Full Story |
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Consumer Discretionary | |
The homebuilders industry and construction stocks have been in the spotlight recently, and the XHB SPDR S&P Homebuilders ETF (NYSE: XHB) is currently at a pivotal support level. As the ETF hovers near this critical point, investors might be questioning whether the sector can sustain its moment... Read the Full Story |
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Finance | |
Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong - without too much inflation - to ensure banks are doing okay. What’s called the Fed’s “stress test” ended last week, and despite som... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Industrials | |
Lyft’s (NASDAQ: LYFT) efforts to improve efficiency while accelerating growth have caused a shift in sentiment that points to a double-digit upside for this stock. The latest results and guidance weren’t a blow-out but still stronger than expected, leading the analyst to upgrade the ... Read the Full Story |
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Healthcare | |
Global pharmaceutical giant Eli Lilly & Co. (NYSE: LLY) has made headlines with its leading GLP-1 weight loss drugs, Mounjaro and Zepbound. Mounjaro is prescribed for Type 2 diabetes but is often used off-label for weight loss. Zepbound is prescribed for obesity treatment. The active ingredi... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Technology | |
Applied Digital Co. (NASDAQ: APLD) designs, develops and operates next-generation data centers accommodating artificial intelligence (AI) service providers in the high-performance computing (HPC) industry. The AI boom has been driving the demand for more data centers, which is driving demand for... Read the Full Story |
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Consumer Discretionary | |
Chewy Inc. (NYSE: CHWY) shares spiked as much as 29% in premarket trading Monday after Keith Gill—known online as "Roaring Kitty"—disclosed a 6.6% passive stake in the online pet food and product retailer.
The US Securities and Exchange Commission filing reveals that Gill owns roug... Read the Full Story |
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Markets | | Gold is a precious metal like silver or copper, although its shiny appearance and valuable physical properties have made it one of the most desirable elements. Used in everything from jewelry to electronics, investors have sought gold to preserve (or increase) wealth for longer than any public compa... Read the Full Story |
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Materials | |
The new market cycle could be the best environment for ‘boring’ stocks to take off. Recently, there has been some interest in the real estate sector, especially after Warren Buffett started buying homebuilding stocks like PulteGroup Inc. (NYSE: PHM) and D.R. Horton Inc. (NYSE: DHI) ove... Read the Full Story |
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Energy | |
When investors consider the main ways to get their money back from an investment and a reasonable return on that initial investment, the average retail investor thinks of two main approaches. First is the classic ‘buy low and sell high’ approach, which means someone sold stock at a pro... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Ollie's Bargain Outlet Holdings, Inc. is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys. Ollie's Bargain Outlet Holdings was founded by Mark Butler, Mort Bernstein, Oliver Rosenberg and Harry Coverman on July 29, 1982, and is headquartered in Harrisburg, PA. | | View Today's Stock Pick |
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