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: 5 dividend stocks worth owning in any market condition (Ad) 
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Technology | |
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 | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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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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Retail/Wholesale | |
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 | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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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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Auto/Tires/Trucks | |
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 | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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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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Technology | |
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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Auto/Tires/Trucks | |
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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