GlobalFoundries Inc. (NASDAQ: GFS) is a leading global semiconductor foundry that manufactures chips designed by its clients, mostly semiconductor companies. GlobalFoundries was originally a subsidiary of Advanced Micro Devices Inc. (NASDAQ: AMD) but was spun off because it was more cost-effective.... |
Good MorningThe S&P 500 set a new all-time high, but the gains were modest. Investors started the week building on the bullish momentum sparked by last week’s interest rate cuts. The Dow and NASDAQ indexes also posted slight gains.
The rise in equities comes despite the latest reading on the manufacturing PMI, which came in at 47. Any reading below 50 indicates contraction; however, this marked a 15-month low in the index. By contrast, the S&P U.S. services index came in at 54.4. Although that was a two-month low, it still points to tepid growth.
Investors will get a slew of data this week, starting with housing starts on Tuesday, the final reading of Q2 GDP on Thursday, and the latest reading on the PCE price index on Friday morning. Right now, the market is hoping for higher housing starts, a steady GDP number, and a Goldilocks reading on inflation.
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| Technology | |
GlobalFoundries Inc. (NASDAQ: GFS) is a leading global semiconductor foundry that manufactures chips designed by its clients, mostly semiconductor companies. GlobalFoundries was originally a subsidiary of Advanced Micro Devices Inc. (NASDAQ: AMD) but was spun off because it was more cost-effective... Read the Full Story |
| From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
| Markets | | Have you started saving for retirement? If you don’t think your retirement savings are up to snuff, you aren’t alone. According to data from the Census Bureau, about 50% of men and women approaching retirement age do not have any money in savings. There are many reasons for this, includi... Read the Full Story |
| Energy | |
Microsoft Co. (NASDAQ: MSFT) signed a 20-year power purchase agreement with Constellation Energy Co. (NASDAQ: CEG). The clean electricity will come from a revived nuclear reactor formerly known as Three Mile Island Unit 1, renamed Crane Clean Energy Center. Constellation plans to invest $1.3 billi... Read the Full Story |
| From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
| Healthcare | |
As a new regime and phase begin for the market and economy, after the FED cut interest rates by a surprising 50bps last Wednesday, several new opportunities and sector bull and bear markets might begin.
The biotech sector looks primed for a potential momentum shift and significant breakout, whic... Read the Full Story |
| Consumer Discretionary | |
eBay Inc. (NASDAQ: EBAY) is the world’s largest online auction site connecting buyers and sellers worldwide. It was one of the first consumer-to-consumer (C2C) online auction sites on the internet, and it's nearing its 30th birthday. eBay is no longer the hypergrowth e-commerce stock it on... Read the Full Story |
| From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
| Utilities | |
Every time the Federal Reserve (the Fed) cuts interest rates, investors tend to flock to the sectors they believe will outperform the most due to historical reactions and fundamental reasoning. However, this rate cut is a bit different than the ones experienced in the recent past, as the United St... Read the Full Story |
| Industrials | |
Now that the market is shifting due to the new path the Federal Reserve (the Fed) has undertaken recently, cutting interest rates and starting a new monetary policy easing cycle, investors need to re-tune their preferences for potential picks in their portfolios moving forward. Growth, income, and... Read the Full Story |
| Industrials | |
Shares of FedEx Co. (NYSE: FDX) have recently sold off by as much as 18% from their recent highs to trade at a much lower 81% of their 52-week high. As Wall Street defines a bear market as a 20% or more selloff from recent highs, FedEx is now in an official bear market, causing most to stay away f... Read the Full Story |
| Technology | |
After experiencing a declining trend since its highs in 2021, Intel Co. (NASDAQ: ITNC) stock is now trading at a mere 43% of its 52-week high today. While this price action could have caused most to avoid such underperformance, there are others who can spot and appreciate the deep value aspect o... Read the Full Story |
| Consumer Discretionary | |
Can you put a price on happiness? Apparently so, not only can you put a price on it, but also a valuation, market cap, price-earnings ratio and a number of other financial metrics. Experiential activities are fun, memorable and not often duplicated at home. They are immersive 4-D experiences with ... Read the Full Story |
| Tuesday's Early Bird Stock Of The Day Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas. | | View Today's Stock Pick |
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