Good MorningEquity markets resumed selling on Thursday, reversing the post-FOMC rally, confirming that the CPI data was a sell-the-news event triggering market rotation. The S&P 500 fell nearly 2% at the session's low, confirming resistance at a lower level, setting the market up for a deeper fall. The bad news is that selling may persist through September and into the Q3 earnings reporting season; the good news is that the market is setting up for a broader rally than we've seen recently, and it could last for years.
The hardest hit are the big tech stocks like NVIDIA and Microsoft, which have led the market for the last two years. Even the impressive results from Facebook's parent company, Meta Platforms, could not maintain the stock's upward trend. The way the market looks on the charts, the next round of selling could be vigorous and take the S&P 500 down by another 4% by the end of August. Featured: Smaller than a fingertip - the device powering AI's next wave (Ad) 
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Retail/Wholesale | |
The broader stock market is causing investors a little pain to start the month of August, as the S&P 500 is declining by as much as 0.75%. The NASDAQ is lowering by over 1%, despite the Federal Reserve (the Fed) announcing that an interest rate cut is on the table for September 2024 and the CM... Read the Full Story |
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From Our Partners | | Tesla's most recent SEC filing contains a single line showing $12 billion in revenue from a new venture Elon Musk has been quietly building inside the company — one that has nothing to do with cars, robots, space, or AI.
Blackstone calls the underlying opportunity a $23 trillion market. On July 22, Elon is expected to go public with it. Former hedge fund manager Adam O'Dell says he already knows what's coming — and is sharing the name and ticker of one of his top picks to play it, free. | | Watch Adam O'Dell's full briefing and claim your free ticker now |
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Energy | |
First Solar's (NASDAQ: FSLR) stock price was corrected to lower levels in early summer because of mounting concerns centered on political risk, but its operational quality continues to shine. The upcoming election threatens the solar market in several ways but nothing to offset the growing deman... Read the Full Story |
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Markets | |
Mastercard (NYSE: MA) is the third largest company in the United States financial services industry, with a market capitalization of $431 billion. The firm released Q2 2024 financial results on July 31, 2024. We will review key points from the earnings release and explain the company's diverse r... Read the Full Story |
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From Our Partners | | Your account is not currently signed up for MarketBeat's free Monday morning stock ideas. Our team is going to be releasing an important pick on Monday morning (at 11am ET) and we want to make sure that you are able to see it. | | Add your name to the distribution list here |
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Consumer Staples | |
Altria Group (NYSE: MO) is one of the world’s “Big Three” tobacco companies and is in the consumer staples sector. Let's examine the firm’s business segments and the state of the cigarette market. We'll then review its Q2 2024 earnings report and examine the company’s... Read the Full Story |
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Technology | |
After softening over the past couple of weeks, there was a sense in yesterday's session that perhaps the market is ready to turn north once again. The benchmark indices all had some of their best days in recent weeks, with the S&P 500 finishing up 1.5% and the tech-heavy NASDAQ finishing up mo... Read the Full Story |
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From Our Partners | | Adam O'Dell - the analyst who recommended Palantir before it became the top S&P 500 performer - has identified a new venture quietly incubating inside Tesla. It has nothing to do with EVs, AI, or robotics, yet it generated $12 billion in 2025 alone.
Blackstone calls the broader opportunity a $23 trillion investment runway. Adam believes investors who position themselves before July 22 are early. He's also giving away a free ticker pick in his latest briefing. | | Watch Adam O'Dell's full briefing and get his free ticker now |
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Technology | |
If the proof is in the results, then Meta Platforms (NASDAQ: META) Q2 results prove that increased spending on AI pays off. Its numbers are best described as wow-worthy, reminiscent of NVIDIA's (NASDAQ: NVDA) outperformance over the last year. Among the takeaways are rapidly improving leverage, dr... Read the Full Story |
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Medical | |
Humana Inc. (NYSE: HUM) is a leading health insurer predominantly focused on Medicare Advantage plans, serving millions of individuals and families nationwide. The company's business model centers on offering a comprehensive range of health insurance products, including Medicare, Medicaid, individ... Read the Full Story |
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Consumer Staples | |
Procter & Gamble (NYSE: PG) is in the consumer staples sector and is by far the world’s largest company in the household products industry, with a market capitalization of over $350 billion. The next closest is Colgate-Palmolive (NYSE: CL) at just over $80 billion.
The company released ... Read the Full Story |
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Finance | |
As the year's second half unfolds, we've observed a notable shift in market momentum, with investors rotating from leading sectors into those that previously lagged. The financial sector, in particular, has emerged as a standout performer, significantly outpacing the broader market. The Financial ... Read the Full Story |
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Markets | |
The Russell 2000 is a widely followed benchmark index that tracks approximately 2,000 of America's smallest publicly listed companies. The index has experienced a significant surge in value, gaining 10.3% since the beginning of July compared to the S&P 500, which has remained flat since the sa... Read the Full Story |
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