Good MorningEquity markets tread water near record highs for another day as participants prepared for this week's potentially market-moving events. The first will be NVIDIA's Q2 earnings report. Expectations are high going into the report, making it more important than ever that the results are strong. In this environment, weaker-than-expected earnings or forecasts will undermine market sentiment and could lead to another correction for NVIDIA stock and the broad market.
The second potentially market-moving news will come out on Friday. The PCE price index is expected to show inflation accelerating compared to the prior month, which is not something the market wants to see. The risk is that inflation will be hotter than expected, taking a September interest rate cut off the table. The bigger risk is that inflation will stall at current levels, keeping the FOMC from cutting rates in 2024. As it is, the market expects at least three cuts by year's end, with a high probability of four. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Discretionary | |
DoorDash Inc. (NASDAQ: DASH) is the largest food delivery platform in the United States, with over 550,000 restaurants and grocery stores in its network. Like Uber Technologies Inc. (NYSE: UBER), DoorDash plays the role of the middleman connecting local restaurants with customers and Dashers (deli... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Markets | | We recently conducted a survey of 3,000 retirees to uncover how much income they’re generating from side hustles.
The results are quite interesting, and we've highlighted the key findings below.
Key Findings
Top 5 States by Earnings per Retiree
Utah - $825 per month
Wyoming - $550 per... Read the Full Story |
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Consumer Discretionary | |
Casual dining restaurant operator Brinker International Inc. (NYSE: EAT) missed its Q2 2024 EPS estimates and provided mixed forward guidance. As expected, this news caused shares to gap down over 10% the following morning. However, investors took the opportunity to buy the dip and continue buyi... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Technology | |
Globant S.A. (NYSE: GLOB) is a jack-of-all-trades focusing on enterprise digital transformation. It provides business and technology consulting and digital solutions encompassing buzzword trends like artificial intelligence (AI), cloud computing, data science, metaverse, analytics, and the Inter... Read the Full Story |
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Consumer Discretionary | |
Small-cap stocks have underperformed the broad market for years but are poised to rebound soon. The FOMC has all but committed to its first interest rate cut since 2020, ushering in a new age for stocks. In this new age, headwinds will diminish, allowing riskier businesses with greater dependence ... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Staples | |
BJ’s Wholesale Club Holdings Inc. (NYSE: BJ) is an East Coast membership-only warehouse club. Members can shop in bulk for groceries, electronics, household products, tires, and gasoline. They also provide services like home improvement, travel deals, installation and assembly, eye exams, ... Read the Full Story |
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Energy | |
A commodity cycle is underway again, and this time, Warren Buffett is backing up the new views on the energy sector’s potential rally higher. According to the CME’s FedWatch tool prediction for September 2024, interest rate cuts could be underway soon. If the Fed ends up delivering the... Read the Full Story |
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Consumer Discretionary | |
Immersion Corp. (NASDAQ: IMMR) is a leading developer of haptic technology. The company was a pioneer in developing haptic technology, which is the touch feedback you receive from digital devices. Since then, the company's technology has been used in over three billion devices worldwide, includi... Read the Full Story |
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Consumer Discretionary | |
After 13 years, QuantumScape Co. (NYSE: QS) is getting closer to the launch of its first commercial solid-state lithium-metal (SSLM) battery. Its announcement of the extended production agreement with Volkswagen AG (OTCMKTS: VWAGY) subsidiary PowerCo sent shares rocketing over 40% up to $9.52 on... Read the Full Story |
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Technology | |
Workday (NASDAQ: WDAY) stock price is up 30% from the recent low and will head higher because of its results, operational quality, and analysts' sentiment. The combination has the market on track to retest the all-time high soon and potentially set a new all-time high by year’s end. Becaus... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs). Its agency securities include agency residential mortgage-backed securities (Agency RMBS) and to-be-announced forward contracts (TBAs). Its Non-Agency Securities include credit risk transfer securities (CRT), non-agency residential mortgage-backed securities (Non-Agency RMBS) and commercial mortgage-backed securities (CMBS). | | View Today's Stock Pick |
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