Good MorningThe S&P 500 started the week cautiously but on a positive note, rising to a new all-time high. The market is cautious because the Consumer Price Index is due on Wednesday and may raise fear of higher interest rates. However, the latest PCE price index aligned with trends, suggesting the CPI will show that consumer-level inflation is cooling, which should help lift stock prices. The market is banking on the FOMC to cut rates at least once by the end of the year, and the committee needs this data to cooperate to do it.
The S&P 500 is in an uptrend and on track to extend its rally through year's end. The caveat is that the index is due for a periodic correction and is set to fall. Divergences in the MACD suggest the market is tired, near a peak, and ready to sell, given a reason. The CPI report could give a reason; if it doesn't, there are always corporate earnings to worry about. The Q2 earnings reporting season kicks off this Friday when JPMorgan Chase releases its Q2 results. Featured: Sell these "safe" blue chips immediately (Ad) 
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Consumer Discretionary | |
Stock splits are a hot-ticket item in 2024. Companies from NVIDIA (NASDAQ: NVDA) to Walmart (NYSE: WMT) and Chipotle Mexican Grill (NYSE: CMG) to Broadcom (NASDAQ: AVGO) are doing it, citing the same reasons. The meteoric rise in their share prices makes the stocks inaccessible for smaller retail ... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Materials | |
Some stocks depend on commodity prices for their success – or failure – and the main ones that come to mind may be inside the energy sector. If Warren Buffett chooses to buy an oil company, as he did through a nine-day buying streak in shares of Occidental Petroleum Co. (NYSE: OXY), it... Read the Full Story |
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Technology | |
NVIDIA Corporation (NASDAQ: NVDA) is one of the dominant forces in the artificial intelligence (AI) sector. The company continues to be a hot topic among investors and the semiconductor analyst community. The company's stock has been on a tear in 2024, boasting a year-to-date gain of approximat... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Communication Services | |
Most investors fail to realize that a stock price has nothing to do with the underlying company, as more than 90% of the time, there is a wide gap between value and price. How come businesses like PepsiCo Inc. (NASDAQ: PEP), which have a solid global presence with sales coming in almost auto-pilot... Read the Full Story |
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Energy | |
In today's environment, the lion’s share of market attention is focused on two main things. First, most have headed to the technology sector, particularly stocks like NVIDIA Co. (NASDAQ: NVDA), exposed to the hype around artificial intelligence expansion and adoption throughout the global ec... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Technology | |
U.K.-based semiconductor company Arm Holdings plc (NASDAQ: ARM) stock is up 141% year-to-date (YTD). The artificial intelligence (AI) revolution is driving big gains as it becomes more apparent that Arm will continue to be a large benefactor from AI tailwinds. While Arm is a semiconductor company,... Read the Full Story |
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Technology | |
First Solar’s (NASDAQ: FSLR) stock price is in the depths of a correction that will soon end. The correction is due primarily to political fears that have little to do with underlying demand and the long-term outlook for profits. The takeaway for investors is that the Q1 results were strong,... Read the Full Story |
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Consumer Discretionary | |
Luxury casino resorts operator Wynn Resorts Ltd. (NASDAQ: WYNN) shares have fallen 4.7% year-to-date (YTD), trading closer to its 52-week lows at $81.65 than its 52-week highs of $112.25. The artificial intelligence (AI) boom has siphoned the bulk of investor money, leaving fledging casino stocks ... Read the Full Story |
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Consumer Discretionary | |
Casino stocks are the proverbial “rough neighborhood” in 2024, with the major players like Las Vegas Sands Co. (NYSE: LVS) and Wynn Resorts Ltd. (NASDAQ: WYNN) trading down 14.4% and 9.22%, respectively. The best house in the rough neighborhood could be MGM Resorts International (NYS... Read the Full Story |
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Markets | | Coined by Bank of America’s chief investment strategist Michael Hartnett, the Magnificent 7 is a group of seven technology companies known for their significant market capitalization and impact on global markets. The Magnificent 7 currently includes e-commerce giants Amazon.com and Alphabet, c... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington. | | View Today's Stock Pick |
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