Good MorningSelling resumed on Wall Street after weak earnings from key tech names raised doubts about the season. The S&P 500 shed more than 2.25% at the session low, breaking below a critical support target. The move takes the index below the 30-day moving average, where the selling could intensify. The takeaway is that a sector rotation is underway, led by tech stocks. Google and Tesla were among the leaders, falling more than 5% and 10%, respectively. The risk now is that the PCE report on Friday will be insufficient to sustain the rally, and the market will move lower.
As bad as the market looks now, the sell-off is a function of healthy markets. In preparation for a broader rally later this year, the market is taking profits in stocks that have run up by high double or triple digits. The broader rally will be driven by falling interest rates, easing economic headwinds, and accelerated profit growth, including all sectors and industries. Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
As the new earnings season kicks off, investors focus mainly on the technology sector and its biggest releases, like Alphabet Inc. (NASDAQ: GOOGL). They still await the—arguably—biggest report that is yet to come for NVIDIA Co. (NASDAQ: NVDA) to prove or disprove the artificial intelli... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Technology | |
There are many income strategies you can execute with stock options with varying levels of complexity and risk. One of the most popular is the covered call strategy. This requires you to own the underlying stock and write/sell calls against the position to collect premiums. This works best with st... Read the Full Story |
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Technology | |
AT&T (NYSE: T) is in the communication services sector and is the fourth-largest telecom company in the world. Let’s get a better understanding of the business and its differences from competitors. We’ll then review its earnings report, released on July 24, 2024. We will end with s... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Consumer Staples | |
Lamb Weston (NYSE: LW) share prices got fried after Q4 results were worse than expected. The move shaved 20% off the share price, putting the market near long-term lows, but now is not the time to sell. As bad as the implosion looks, the existing market is capitulating and setting up an attracti... Read the Full Story |
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Technology | |
Despite having been one of the core members of the once famous FAANG group of tech stocks, Netflix Inc (NASDAQ: NFLX) holds the dubious honor of also being the one that fell the hardest from its 2021 peak. A red-hot rally, fuelled by pandemic-era lockdowns, turned to dust in 2022 as the streamin... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Retail/Wholesale | |
The answer is that nobody knows. If anyone had a way of timing a new market rotation or rally, there would be a lot more billionaires around. That being said, investors can follow a relatively simple blueprint to position themselves and wait for the potential moves that certain events tend to caus... Read the Full Story |
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Auto/Tires/Trucks | |
Tesla (NASDAQ: TSLA) did not have a bad quarter per se, but many positives are smoke-and-mirrors hiding near-term pain in favor of long-term hope. The company’s core business, selling EVs, is struggling and shows no signs of improvement. Details from that segment include a 7% decline in reve... Read the Full Story |
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Markets | |
Nucor (NYSE: NUE) is a basic materials firm that manufactures steel and steel products. It is the 14th largest firm in the metals and mining industry. Nucor is underperforming its industry so far this year, with a total return of -6.1%. The SPDR S&P Metals & Mining ETF (NYSEARCA: XME) ha... Read the Full Story |
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Transportation | |
United Parcel Service (NYSE: UPS) turned a corner in Q2, but the odds are high that the rebound won’t start soon or will be vigorous when it does. While volume growth is present, for the first time in over two years, it was weak and offset by other factors that suggest an L-shaped recovery... Read the Full Story |
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Technology | |
While today’s market is centering its attention on the technology sector, particularly on stocks that deal with the global growth and adoption of artificial intelligence, like NVIDIA Co. (NASDAQ: NVDA), other areas in the market warrant investor attention.
Subscription-based businesses wi... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Aterian, Inc., together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names. The company primarily serves individual online consumers through online retail channels, such as Amazon and Walmart, as well as through its owned and operated websites and other marketplaces. The company was formerly known as Mohawk Group Holdings, Inc. and changed its name to Aterian, Inc. in April 2021. Aterian, Inc. was founded in 2014 and is headquartered in Summit, New Jersey. | | View Today's Stock Pick |
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