Good MorningEquity markets tried to rebound on Thursday, lifting the S&P 500 by nearly 1% at the session's high, but the move was short-lived. Selling resumed later in the day, driving the index to a new low and confirming resistance at a critical level. That level is near 5,500 and may cap gains for the market for the remainder of the summer.
The risk for markets now is that selling for the sake of selling will take control. The S&P 500 chart is on the verge of a Death Cross, a bearish signal for traders. A Death Cross forms when a short-term moving average crosses over a longer-term moving average, a move that could compound day-trader selling with selling by institutions and other large investors. In this scenario, the S&P 500 decline could gain momentum and reach 20% or more before hitting bottom. Featured: Elon Musk Called a Total Fraud in 2018 - Here's What Changed (Ad) 
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Markets | |
AstraZeneca PLC (NASDAQ: AZN) is a United Kingdom-based healthcare firm and the sixth-largest pharmaceutical company in the world by market capitalization. So far, in 2024, the firm has outperformed the market and its sector, achieving a total return of 17%. The total return of the SPDR S&P ... 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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Healthcare | |
Viking Therapeutics (NASDAQ: VKTX) is a clinical-stage biopharmaceutical company known for its focus on developing novel treatments for metabolic and endocrine disorders. Viking Therapeutics' earnings report for the second quarter of 2024 was impressive, capturing the attention of investors and ... Read the Full Story |
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Consumer Discretionary | |
Investors who remained heavily invested in the technology sector should start watching the broader market’s behavior today, as names in artificial intelligence like NVIDIA Co. (NASDAQ: NVDA) are potentially coming out of favor. A rotation into other areas and asset classes has started in the... 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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Finance | |
Since closing at a record high less than 10 days ago, the benchmark S&P 500 index has been on the back foot. For the moment, it's not looking like a whole lot more than a healthy mid-rally correction. After all, it had logged almost 40% of gains this year so far, and some questions were starti... Read the Full Story |
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Technology | |
Equities across the board are starting to soften after months of gains, making it a good time to go bargain-hunting. Many of the stocks that have enjoyed triple-digit percentage gains this past year are also facing some of the heavier selloffs. Qualcomm Incorporated (NASDAQ: QCOM), a semiconduct... 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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Consumer Discretionary | |
Chipotle Mexican Grill (NYSE: CMG) was not immune to the broad market sell-off. Still, its operational quality belied the move and proved it was a buy-the-dip opportunity. The Q2 results continue the existing trends, which include growing comps, store count, and margin. The primary takeaway is t... Read the Full Story |
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Consumer Discretionary | |
Every once in a while, the stock market becomes severely disconnected from a company's true value and fundamentals, as the stock price reflects a widening disconnect between that company's true value and what the market's feelings dictate the price is today. In other words, value investors often s... Read the Full Story |
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Consumer Discretionary | |
Ford Motor (NYSE: F) is in the consumer discretionary sector and is the third-largest automobile company in the United States by market capitalization. The company reported Q2 2024 financial results on July 24, 2024.
We will examine Ford’s annual filing to better understand its business s... Read the Full Story |
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Markets | | What percentage of your income should you devote to investing each month? If you start investing today, when can you retire? How much of your portfolio should be allocated to stocks?
When saving for retirement and other financial goals, such as buying a home, it can feel like the list of questions ... Read the Full Story |
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Technology | |
Enphase Energy (NASDAQ: ENPH) is a leading microinverter-based solar and battery system provider. The company has emerged as a dominant force in the rapidly expanding renewable energy sector. Enphase Energy’s innovative technology and comprehensive solutions have earned it a prominent posi... Read the Full Story |
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Friday's Early Bird Stock Of The Day TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado. The company was formerly known as TXO Energy Partners, L.P. and changed its name to TXO Partners, L.P. in May 2023. TXO Partners, L.P. was incorporated in 2012 and is based in Fort Worth, Texas. | | View Today's Stock Pick |
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