Good MorningEquity markets rebounded Monday as investors bet Friday's PCE report will be good. The consensus is for consumer inflation to moderate at the headline and core levels, aligning with the June CPI report and outlook for the FOMC to cut interest rates. The risk is that the PCE report, like the CPI figures, is priced into the market and will not provide enough catalyst to sustain the rally. In this scenario, the market top reached last week will likely remain in place.
The good news is that the S&P 500 will likely continue in an uptrend. The outlook for earnings drives the uptrend and is stable, so it should support the market over time. The question is how deep, if at all, the correction will be -- and the odds are high that it won't be very deep. While big tech has come under pressure, many companies are poised to do well over the next year, suggesting the rally will not only continue but also improve market breadth. Featured: Is This the New Normal for Gold? (Ad) 
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Technology | |
For two reasons, insiders sell tech stocks like AppLovin (NASDAQ: APP), Carvana (NYSE: CVNA), and DataDog (NASDAQ: DDOG). First, they receive share-based compensation as part of their packages and need to make periodic sales to take profits and cover taxes. There is nothing to harm investor value ... 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 | |
The market seems so sure about what will happen in the next few quarters that the volatility index (VIX) has remained near 2018 levels for most of 2024. However, uncertainty often creeps up in certain stocks, and what’s more volatile today than the technology sector?
After stellar runs in... Read the Full Story |
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Healthcare | |
Intuitive Surgical’s (NASDAQ: ISRG) stock bucked the broad-market selloff because of its operational quality, performance, outlook, and balance sheet, which has absolutely nothing wrong with it. The B/S highlights for Q2 include a 490 basis point increase in cash and securities and the net... 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 | |
ASML Holding N.V. (NASDAQ: ASML) designs and manufactures extreme ultraviolet (EUV) lithography machines that use light to precision print microscopic patterns on silicon wafers. These gigantic 330,000-pound machines are used to mass-produce the world’s computer chips. ASML is often the ba... Read the Full Story |
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Industrials | |
As promising as next-gen mobile technology is with the growth of the internet-of-things (IoT), edge artificial intelligence (AI), and autonomous electric vehicles (EVs), the limitations lie in the ability to power them. Current lithium-ion batteries are reaching their limits when it comes to per... 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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Real Estate | |
As market volatility and uncertainty increase and the likelihood of a September rate hike looms, some investors are paying attention to high-yield dividend stocks. These stocks provide steady income and offer the potential for capital appreciation.
Here's a look at four top-rated, high-dividend-... Read the Full Story |
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Finance | |
Ally Financial Inc. (NYSE: ALLY) is a digital financial services company offering a range of financial products to consumers and businesses. The company is a one-stop shop for financing and banking services. The company has over 3 million customers and was ranked #1 for mid-sized banking and fin... Read the Full Story |
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Consumer Discretionary | |
Fast casual health food restaurant chain Sweetgreen Inc. (NYSE: SG) shares have had a healthy pullback towards its Q1 2024 earnings gap fill price level at $24.03. The company had a stellar first-quarter earnings report back on May 9, 2024 that launched its stock from $24.03 to a high of $36.72 ... Read the Full Story |
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Energy | |
Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) are two of the largest integrated oil producers in the world. The two companies have market capitalizations of $457.67 and $293.81 billion, respectively. Energy stocks have been poor performers in 2023 and much of 2024. But with expectati... Read the Full Story |
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Industrials | |
While the majority of investors are still caught up in the technology sector’s rise, with stocks exposed to the artificial intelligence trend having the best price action, like Nvidia Co. (NASDAQ: NVDA), there are some cracks in the foundation that others have started to pay attention to. Th... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services. Its consumer banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; internet-based banking services; and bank credit and debit card services, including Visa and MasterCard services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, trust management, and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia. | | View Today's Stock Pick |
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