Good MorningSelling resumed on Wall Street Tuesday, with the S&P 500 down more than 0.5% at the session's low. The move was led by tech stocks, with names like NVIDIA down by more than 5% and most Magnificent Seven moving lower. The selling is due to an expectation that the Fed will confirm that rate cuts are coming with today's policy statement. The news is good news, signaling easier economic times ahead, and will lead to new highs for the S&P 500 once sector rotation is completed.
The bad news is that sector rotation could take weeks if not months. The rally preceding the rotation lasted more than two years, driven by economic normalization post-pandemic and compounded by robust consumer spending, inflation, and AI; it will take some time to unwind. When it does, the market will be ready for another rally, this time broader and lasting much longer. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Basic Materials | |
One of the hardest things for many investors to talk themselves into is buying stocks when they’re on sale. The investing philosophy of buying low and selling high is backed by years of data. However, in a market driven by high-speed trading programs and more than a little bit of FOMO (fear ... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Medical | |
AbbVie (NYSE: ABBV) was among the pharma companies worst positioned for a patent cliff that has come and gone. However, management's lean toward diversifying away from Humira and into a broader range of treatments has more than paid off. The takeaway is that growth is back in the immunology portfo... Read the Full Story |
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Auto/Tires/Trucks | |
Iconic motorcycle manufacturer Harley-Davidson Inc. (NYSE: HOG) juiced up its stock with a new $1 billion stock buyback program following its Q2 earnings report. The company reported strong top and bottom line performance, but its 2024 outlook was expectedly weak. A tough macroeconomic climate a... Read the Full Story |
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From Our Partners | | See the Signals Most Traders Miss
We monitor subtle shifts in order flow, volume patterns, and early trend behavior.
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Consumer Discretionary | |
Cruise line operator Royal Caribbean Cruises Ltd. (NYSE: RCL) is proving to be in a class all by itself. The company crushed EPS estimates again and raised top and bottom line forecasts again. However, instead of surging to new 52-week highs, a sell-the-news reaction triggered, sending shares lo... Read the Full Story |
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Aerospace | |
Leading aerospace and defense contractor RTX Co. (NYSE: RTX) shares surged to new 52-week highs after reporting robust Q2 2024 earnings. Raytheon officially changed its name to RTX Corporation on July 17, 2023, to broaden its identity as more than a defense contractor but also a booming aerospac... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Medical | |
Merck & Co. Inc. (NYSE: MRK) delivered a solid earnings report before the market opened on July 30, 2024. However, the stock was down over 4% in early trading after the company cut its full-year earnings forecast. The pullback comes as MRK stock is up 17% in 2024. If you look beyond the headli... Read the Full Story |
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Technology | |
Onsemi’s (NASDAQ: ON) Q2 results were no blowout. Still, its operational quality and outlook for success have the stock price in rebound mode, and the market is on track to hit a one-year high soon. The critical details are that the business contraction is less than feared, cash flow remai... Read the Full Story |
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Finance | |
More investors should focus on the road ahead rather than the rearview mirror to start monetizing some of the newer ideas and trends about to hit the stock market. Among these is the Federal Reserve and its promise to start cutting interest rates before 2024 is over. According to the CME’s F... Read the Full Story |
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Technology | |
Having had a spectacular run since the start of 2023, shares of Micron Technology, Inc. (NASDAQ: MU) are experiencing their juiciest sell-off in quite a while. Since hitting an all-time high in June, after logging gains of more than 200% in the 18 months previously, they've sunk 30%.
There are... Read the Full Story |
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Markets | | Bonds represent a debt security where an investor acts as a lender, providing funds to an issuer (typically a government entity, corporation, or municipality) in exchange for a predetermined interest rate, known as the coupon rate, paid periodically over the bond's lifespan. This lifespan culminates... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. It accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits. The company's loan products include mortgage and home equity, commercial and residential real estate, working capital lines of credit, construction finance, trade finance, letters of credit, commercial business, affordable housing loans, asset-based lending, asset-backed finance, project finance, loan syndication, and equipment financing, as well as financing services for clients to facilitate their business transactions between the United States and Asia. It also provides various wealth management, treasury management, foreign exchange, and interest rate and commodity risk hedging services; and mobile and online banking services. The company was founded in 1973 and is headquartered in Pasadena, California. | | View Today's Stock Pick |
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