Good MorningEquities reversed Wednesday’s losses, with the Dow and the S&P 500 both flirting with record highs. However, it was the Russell 2000 that posted the largest percentage gain, signaling that investors may have a more “risk on” appetite.
A key catalyst for the latest rally came from Micron, which reported strong demand for its memory chips ahead of its earnings. In fact, the entire chip sector moved higher on the news.
Investors also cheered the final reading on the second-quarter GDP, which came in as expected. Sentiment for Chinese stocks has also been rising since the Chinese government’s aggressive stimulus efforts.
But investors still need to watch for volatility. Micron has given investors high expectations. Any wobble in its earnings report, which came after the market closed, may become a sell-the-news event. Plus, investors will get the latest reading on the PCE index before the market opens tomorrow.
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Markets | |
The Federal Reserve launched the first of several expected interest rate cuts in its September meeting, making a larger-than-anticipated half-percentage-point reduction. The real estate market, plagued by issues including insufficient supply relative to surging demand and mortgage rates that have ... Read the Full Story |
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From Our Partners | | Small caps often show early movement before the broader market takes notice. Alpha Wire Daily tracks those subtle shifts as they form.
These are the setups that tend to develop quietly, well ahead of wider attention. Today's report is ready. | | View Today's Free Report |
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Aerospace | |
Rocket Lab USA Inc. (NASDAQ: RKLB) shareholders recently saw RKLB stock hit a new 52-week high of $8.98 per share. As of this writing, it’s pulled back a little to $8.69 per share but is still one of the best-performing stocks in 2024 and over the last 12 months. Many analysts believe that R... Read the Full Story |
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Construction | |
The economy typically has three leading industries that investors can watch closely when trying to figure out the potential future of the stock market. Of course, consumer discretionary is a big part of this mix, as the United States economy is increasingly made up of consumer trends and debt. Fol... Read the Full Story |
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From Our Partners | | Jeff Brown and Marc Chaikin - the duo who identified Nvidia a decade ago - are forecasting that Elon Musk's AI breakthrough they call 'M.A.G.I.' will collide with a rare market pattern by July 30.
That pattern carries a 100% historical track record. The last time it triggered, early investors had a chance to turn $10,000 into as much as $350,000 in roughly 12 months. | | See the full breakdown of their AI prediction before July 30 |
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Technology | |
Micron Technology, Inc. (NASDAQ: MU) proved the doubters and analysts wrong with a Babe Ruth-style homerun earnings report that saw revenues nearly double YoY driven by the artificial intelligence (AI) boom. The irony is that at least three analysts downgraded, trimmed estimates or lowered price... Read the Full Story |
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Retail/Wholesale | |
Even though the Chinese stock market has been scrutinized extensively in the past couple of years, some investors have begun to realize that there is much more upside than apparent risk for Asia’s powerhouse. China’s technology sector has the lowest valuation in history compared to its... Read the Full Story |
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From Our Partners | | Larry Benedict generated $274 million for his clients by finding the trades most investors missed. Now he says 'The Final Phase of Elon's Master Plan' is about to trigger one of the biggest wealth transfers in market history.
He's identified one ticker positioned to capture it - and it isn't SpaceX or Tesla. He's releasing the name for free, but the window is closing. | | Get the full details and the ticker name before access closes |
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Consumer Discretionary | |
Nike (NYSE: NKE) just announced that its current CEO has retired, and it’s bringing in a long-time employee to take the helm. Elliott Hill will become Nike's CEO on Oct. 14. He hopes to be the new face the company needs to turn its fortunes around.
I’ll detail Nike's history with lame... Read the Full Story |
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Technology | |
Rubrik Inc. (NYSE: RBRK) is a leading cybersecurity company specializing in data protection and recovery, and it is quickly becoming a key player in the rapidly expanding cybersecurity sector. Since its initial public offering (IPO) in April, Rubrik has demonstrated strong financial performance, h... Read the Full Story |
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Energy | |
Constellation Energy (NASDAQ: CEG) has been amongst the hottest stocks in the market in 2024, with its shares up 125%. Those aren’t the types of returns people usually associate with utility companies in such a short period of time. However, when a company is connected to the AI revolution... Read the Full Story |
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Finance | |
Not too long ago, crypto-related stocks generated buzz as Bitcoin surged to new heights. These stocks gained significant popularity due to the excitement surrounding digital currencies and media attention. However, in recent times, crypto stocks have become less of a focus, even as Bitcoin hovers ... Read the Full Story |
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Markets | | Bonds can be a smart strategy for individuals looking to diversify their portfolios and achieve more predictable returns. While stocks offer the potential for higher growth, they also come with greater volatility. On the other hand, bonds are generally considered less risky and can provide a steady ... Read the Full Story |
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Friday's Early Bird Stock Of The Day America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas. | | View Today's Stock Pick |
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