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: Unique strategy goes 18 for 18 (100% win-rate) (Ad) 
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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 | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Stocks | | | A widespread rally swept Wall Street Friday, lifting far-reaching corners, to close a tumultuous week where stocks that had been left behind for much of this year’s record-setting run wrested the spotlight back from the market’s biggest stars.The S&P 500 jumped 1.1% for its best day in seven wee... Read the Full Story |
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Markets | | | Suddenly, smaller stocks seem to be making bigger noise on Wall Street.After getting trounced by their larger rivals for years, some of the smallest stocks on Wall Street have shown much more life recently. Hopes for coming cuts to interest rates have pushed investors to look at smaller stocks throu... Read the Full Story |
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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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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 | | This 14-minute video reveals a “secret pattern” one trader has used for five straight years — collecting tens of thousands in under 20 minutes of trading (often just a few).
It requires no screen-watching… and no trading capital of your own. He explains exactly how it works — but the presentation won’t stay online for long. | | See why this 14-minute video is turning heads in trading circles |
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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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Markets | | | Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations.The Omaha, Nebraska, railroad said Thursday that it earned $1.67 billion, or $2.74 per share, in the quar... Read the Full Story |
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Markets | | | A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do Read the Full Story |
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Markets | | | Shares of Ford Motor Co. are tumbling Thursday after the automaker's second-quarter adjusted profit badly missed Wall Street's expectations as it spent more money fixing customers’ cars and trucks.Late Wednesday Ford reported an adjusted profit of 47 cents per share. That was far short of industry a... Read the Full Story |
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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 th... 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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