Good MorningEquity markets struggled with direction on Thursday following NVIDIA's blowout earnings report on Wednesday evening. As strong as the report is, as much outperformance relative to consensus as was displayed, the market expected nothing less, creating a sell-the-news event. The uptrend in NVIDIA will likely continue, but the correction that began earlier this summer is not over. NVIDIA's shares fell more than 6% for the session, confirming resistance at recent highs and setting up a fall that could retest the recent lows 20% below the current action.
Thursday's news was not all bad. The Dow Jones Industrial Average and Russell 2000 advanced, led by the Russell. The action indicates that sector rotation is still in play, with investors moving out of tech and into a broader range of stocks, which means stock volatility will persist. The takeaway is that a correction in the S&P 500 will set up a buying opportunity for next year's winners; the questions are how deep the correction will get and how long it will last. Featured: Wall Street’s quietly buying these 3 AI infrastructure plays (Ad) 
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Consumer Staples | |
Investors looking to buy into a high-quality growth name should cheer the dip in Ollie’s Bargain Outlet (NASDAQ: OLLI) share prices caused by the Q2 earnings release. The news is mixed with weakness on the bottom line, but that is the worst that can be said. All other details point to indu... Read the Full Story |
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From Our Partners | | BlackRock, JPMorgan, Goldman Sachs, and Fidelity are reportedly accumulating a scarce blockchain asset - one that gets burned with every transaction on what analysts are calling America's new financial grid.
The Nasdaq has received SEC approval to move stocks onto blockchain rails, and BlackRock CEO Larry Fink dedicated his entire 2026 annual letter to this infrastructure shift. Blockchain analyst Andy Howard is calling this asset 'Digital Oil' - and says institutional buyers are already positioned. | | Get the name, the ticker, and exactly how to buy it |
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Retail/Wholesale | |
Fashion retailer Abercrombie & Fitch (NYSE: ANF) posted better-than-expected earnings for its Q2 season, which ended August 3, 2024. While CEO Fran Horowitz-Bonadies expressed hesitancy about the company’s “uncertain” position, its success in realigning its offerings with con... Read the Full Story |
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Business Services | |
Affirm (NASDAQ: AFRM) has seen wild fluctuations in its stock price over the past three years. Shares peaked at nearly $169 in November 2021 but are down 80% from that level today. However, shares are up 82% in the past 52 weeks.
Investors might recognize the fintech company as a payment option... Read the Full Story |
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Consumer Discretionary | |
There aren’t too many opportunities to buy a stock at a discount after recent drama and volatility, but the market offers such low-hanging fruit every once in a while. Most recently, an outage fixed within 48 hours brought shares of CrowdStrike Holdings Inc. (NASDAQ: CRWD) lower by over 40% ... Read the Full Story |
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Technology | |
Okta’s (NASDAQ: OKTA) stock price has had a difficult few years. Since August of 2021, shares are down around 63%. However, over the past 52 weeks, the stock is recovering, up 34%. The Technology Select Sector SPDR Fund (NYSEARCA: XLK) is up 32% over the same period.
The technology compan... Read the Full Story |
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From Our Partners | | With OpenAI and Anthropic moving closer to the IPO spotlight, AI excitement could spill into several public-market sectors this summer - and most investors may chase the obvious names too late.
A free report identifies 7 stocks positioned around themes that could matter most this summer: AI infrastructure, energy demand, travel, entertainment, home improvement, and more. Built for a market where leadership may rotate quickly. | | Download 7 Best Stocks to Own in Summer 2026 for free |
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Technology | |
Given the trends and consensus forecast, NVIDIA (NASDAQ: NVDA) had a smoking hot quarter, and new stock price highs will likely come soon, probably before the end of the year. The catch is that details within the report may lead to volatility and lower stock prices before new highs are set.
Crit... Read the Full Story |
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Retail/Wholesale | |
Markets have been so focused on earnings from the technology sector this quarter that they have completely let other companies fly by right under their noses. Stocks in the consumer discretionary sector might be falling out of favor as the U.S. consumer struggles with inflation and rising credit c... Read the Full Story |
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Technology | |
Salesforce (NYSE: CRM) is a leading cloud software and technical sector player. Salesforce’s earnings report for the second quarter of fiscal year 2025 (Q2 FY2025) was recently released, and the results topped Salesforce’s analyst community’s expectations, sending Salesforce stoc... Read the Full Story |
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Technology | |
And just like that, the streaming giant and tech titan Netflix Inc (NASDAQ: NFLX) is back at all-time highs. It will be a welcome occasion for investors and long-term fans who've been following it. They'll know more than most that the stock was last in blue sky territory in late 2021 and suffered ... Read the Full Story |
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Retail/Wholesale | |
It’s been a tough year for Bath & Body Works (NYSE: BBWI). So far, in 2024, the home fragrance, body care, and soap retailer founded in Columbus, Ohio, has seen its shares fall around 24%. That is in stark contrast to the modestly growing but still positive consumer discretionary sector.... Read the Full Story |
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Friday's Early Bird Stock Of The Day Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling alarms, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential buildings, as well as researches and develops nanofiber chemical sensing products. It sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. Gentex Corporation was incorporated in 1974 and is headquartered in Zeeland, Michigan. | | View Today's Stock Pick |
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