Good MorningEquity markets continued rebounding on Thursday after better-than-expected retail sales figures added impetus to the melt-up. The data shows retail sales growing by 1% over the previous month and 2.7% compared to last year, a solid figure but not quite enough to offset the impact of inflation. The takeaway is that price increases continue to drive economic strength while the volume of retail activity slowly recedes.
The S&P 500 is melting up and will likely continue higher on Friday. However, the upward movement since early August has been choppy and is approaching a ceiling. Given the economic outlook, the ceiling is near the recent highs and may not be broken soon. The retail sales figure is good news but also bad because it will keep the FOMC from cutting rates aggressively. With no sign of recession in the data and inflation slowly winding down to the target of 2.0%, a cautious approach is the most likely posture the FOMC will take. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Consumer Discretionary | |
Most investors tend to panic sell once the market’s volatility awakens from its often long sleep. As the S&P 500 or the value of any portfolio starts to decline suddenly like it did last week, the main risk management tool market participants look to is simply to reduce exposure to these... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Consumer Discretionary | |
Michael Burry, the founder of Scion Asset Management and renowned for his visionary bet against the housing market in 2008, continues to captivate the investment community with his unconventional strategies. His latest portfolio disclosures, revealed in the recent 13F filing for the second quart... Read the Full Story |
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Consumer Discretionary | |
The artificial intelligence (AI) sector is experiencing rapid growth and innovation, with companies like NVIDIA experiencing unprecedented stock surges. This AI frenzy has generated significant wealth for many investors and fueled concerns about overvaluation and potential bubbles reminiscent of t... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Consumer Discretionary | |
Warren Buffett and Berkshire Hathaway (NYSE: BRK.A) filed their quarterly 13-F, sending ripples through equity markets from Apple (NASDAQ: AAPL) to Ulta Beauty (NASDAQ: ULTA). The takeaway from the filing is that Berkshire continues whittling down its position in Apple and other tech plays and i... Read the Full Story |
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Consumer Staples | |
Walmart (NYSE: WMT) share prices surged following the Q2 release in what amounts to a strong trend-following signal. The caution is that the market gapped strongly with the action, suggesting a pullback to reaffirm support is due. The takeaway for investors is that the Q2 results gave the market... Read the Full Story |
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From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Consumer Staples | |
Recent economic data is reigniting talk about a soft landing for the economy. That means that the Federal Reserve’s monetary policy regarding interest rates is neither too restrictive nor too loose. Economic growth may slow down, but not enough to cause an outright recession.
That’s ... Read the Full Story |
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Communication Services | |
Tencent Music Entertainment Group (NYSE: TME) is the largest music streaming company in China. The company’s shares have been a bright spot for investors in the country over the past 52 weeks, providing a total return of 84%. Meanwhile, the SPDR S&P China ETF (NYSEARCA: GXC) has return... Read the Full Story |
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Communication Services | |
The first half of 2024 saw strong performance across global markets, with investors buoyed by positive economic data and consistent signs that inflation had been tamed. Major indices like the S&P 500 posted impressive gains of as much as 20%, reflecting a widespread risk-on sentiment that prop... Read the Full Story |
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Markets | | While the allure of high returns from volatile assets like technology stocks can be tempting, many investors prefer a more stable strategy that allows them to minimize risk and preserve wealth over time. Conservative investment strategies are popular with those nearing retirement or saving for a sig... Read the Full Story |
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Industrials | |
While the world focuses on autonomous vehicles, a quieter revolution is taking flight in the fledgling electric air taxi sector. This emerging sector offers a solution to traffic congestion and a cleaner, faster mode of transportation. The electric air taxi industry is attracting billions in inves... Read the Full Story |
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Friday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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