Good MorningEquity markets are on track to hit new highs this week. The question is whether they will and can hold the gains if they do. Last week's PCE price index aligned with the outlook for peaking interest rates but does not support the idea of aggressive Fed actions, which is what the market wants. The risk this week is that labor market data will remain strong, diminishing the outlook for rate cuts and undercutting sentiment. The FOMC may only cut rates by a single twenty-five basis point increment at the September meeting in this scenario, if it cuts at all, while it waits on more data.
Now that September has begun, investors will start looking toward the holiday shopping season and what it means for retailers. Retail spending has been solid in 2024 but growing slower than in previous years. The latest forecasts suggest holiday sales will slow from the mid-single-digit pace set in 2023 to the 1-2% range and may be slower due to consumer caution. Featured: Elon Musk: "America Will Go Bankrupt" - Trump's Urgent Response (Ad) 
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Technology | |
The world of artificial intelligence has been experiencing a major shift in sentiment lately, especially as the leader of the technology sector recently missed expectations for the future. Shares of NVIDIA Co. (NASDAQ: NVDA) are now trading lower for the second consecutive day since the company an... Read the Full Story |
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Consumer Discretionary | |
Just months ago, Chinese electric vehicle (EV) manufacturer Li Auto Inc. (NASDAQ: LI) stood out among competitors like Xpeng Inc. (NYSE: XPEV) and Nio Inc. (NYSE: NIO) as a rare profitable maker of new energy vehicles with a stock price that reflected its dominance at over $46 per share in late Fe... Read the Full Story |
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Consumer Staples | |
Campbell Soup (NASDAQ: CPB) is one of the most well-known food product firms in the United States but it definitely isn’t stock on the tip of everyone's tongue in a market dominated by technology and AI.
However, the company has quietly been having a good 2024, providing a total return ab... Read the Full Story |
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From Our Partners | | Having $2.5 million saved puts you ahead of most Americans, but how long it lasts depends on the decisions you make with it.
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Consumer Discretionary | |
Birkenstock (NYSE: BIRK) has been on a strong run since going public in October 2023. Shares were up 54% prior to the release of its fiscal Q3 earnings on Aug. 29. This significantly outpaced the S&P 500 and the consumer discretionary sector. The Consumer Discretionary Select Sector SPDR Fun... Read the Full Story |
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Technology | |
The U.S. added a record-breaking 32.4 gigawatts of solar electric generating capacity in 2023, evidence of the continued growth of the renewable energy industry thanks to strong customer demand, supportive government policies, and rapid advances in solar technology. A long-term shift in the energy... Read the Full Story |
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From Our Partners | If you've saved over $1,000,000, the challenge shifts from building wealth to making it last through retirement.
Fisher Investments' Definitive Guide to Retirement Income outlines seven strategies wealthy retirees use to generate lasting income. Since 1979, the firm has helped tens of thousands of investors retire comfortably, managing over $441 billion in assets. | | Download the free retirement income guide from Fisher Investments today |
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Markets | |
As several popular U.S.-listed Chinese stocks begin to show signs of a rebound, investors are left wondering whether now is the right time to jump back into the market or if these gains could be another value trap. The iShares China Large-Cap ETF (NYSE: FXI) has managed to buck its downtrend this ... Read the Full Story |
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Consumer Discretionary | |
Things were looking good for Five Below Inc. (NASDAQ: FIVE) the morning after earnings. FIVE stock moved up nearly 6% in after-hours trading as higher YoY revenue, and in-line earnings were a bright spot in an earnings season when winners among retail stocks have been few and far between. Howeve... Read the Full Story |
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Industrials | |
3M (NYSE: MMM) turned a corner this year, putting the bulk of its litigation risks behind it. While there are still headwinds and hurdles to cross, the path forward is clearer and is one investors will want to pursue. That path includes a return to top-line growth, improving margin, cash flow, a... Read the Full Story |
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Consumer Staples | |
Dollar General (NYSE: DG) is a leading discount retailer serving millions of value-conscious shoppers across the United States. Dollar General’s stock price has been struggling with headwinds since the beginning of the second quarter, and the company has seen its stock price plummet by ove... Read the Full Story |
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Consumer Discretionary | |
Polestar Automotive (NASDAQ: PSNY) is an electric vehicle company that has seen a shock to its share price over the past 52 weeks. Prior to its recent earnings release, shares were down 70%. Since going public in June 2022, shares have gone straight down, losing 91% of their value.
The NASDAQ iss... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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