Good MorningEquity markets opened with a gain on Thursday but quickly reversed course, shedding nearly 1.0% for the day. The move shows that resistance to higher prices remains at the all-time high and may cap gains over the next month or two. The FOMC minutes aligned with the idea of rate cuts in September, while data suggests the economic outlook is still strong, bringing sector rotation back to the forefront. In this scenario, investors should expect to see market leaders such as NVIDIA underperform over the coming weeks despite results as investors shed profitable trades to raise capital.
The VIX is another sign that investors should pay attention to. The fear index has begun rising again and is setting up for another spike. That could come at any time, given the proper catalyst, and there are catalysts on the horizon. The two primary are an earnings report from NVIDIA next week and the PCE report due next Friday. The risk for markets is that CPI data could spark a sell-off regardless of inflation; a hot report will keep rates higher, a cool report will raise fear of recession, and as-expected will keep sector rotation in play. Investors should expect volatility; the only question is how much. Featured: America's murder capital holds a wealth-building phenomenon (Porter & Company) 
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Markets | | | When markets get volatile, investors of any size and background tend toward certainty in business models and predictability in cash flows. Fitting this category are stocks in the consumer staples sector, known for their defensive nature. This is born of the products and services these companies of... Read the Full Story >> |
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Stocks | | | How much hype is left in Nvidia's stock? Anyone with an S&P 500 index fund is hoping to get an answer to that weighty question next week. Nvidia has ridden Wall Street's mania around artificial intelligence to become one of the stock market's most massive companies, with a total value topping $3... Read the Full Story >> |
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Markets | | | Investors might have avoided some consumer discretionary stocks due to growing inflation concerns and rising credit card delinquency rates. When personal finance conditions become so tight, consumers tend to restrict their spending to only the necessities for everyday life, a category under which ... Read the Full Story >> |
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Markets | | | Advance Auto Parts (NYSE: AAP) witnessed a dramatic plunge in its stock price, falling over 20% in pre-market trading after the company released its second-quarter 2024 earnings report. The disappointing results triggered a strong adverse reaction from investors, including a miss on earnings per... Read the Full Story >> |
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Markets | | | Operational quality and business trends are why Palo Alto Network's (NASDAQ: PANW) stock price will soon hit a new all-time high. The latest report shows that business strength persists despite the company’s leaning toward free and reduced services intended to boost total business. That pl... Read the Full Story >> |
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Stocks | | | U.S. stocks weakened Thursday in the run-up to Wall Street's main event for the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The S&P 500 fell 0.9% for its worst day following a two-week rally. The Dow Jones Industrial Average dropped 177 points, or 0.4%, and the Nasda... Read the Full Story >> |
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Markets | | | Global shares traded mixed Friday ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly and deeply the Fed may cut interest rates.France's CAC 40 rose 0.3% in early trading to 7,546.93, while Germany's DAX gained 0.4% to 18,563.15. Britain's FTSE 100 added ... Read the Full Story >> |
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Markets | | | Argentina's Senate has defied the government to approve an increase to pension spending that would cost at least an estimated 0.4% of the gross domestic product, dealing a blow to President Javier Milei's tough austerity program Read the Full Story >> |
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Markets | | | Freight trains in Canada could be running again within days after the government forced the country's two major railroads into arbitration with their labor union Thursday, a move aimed at averting potentially dire economic consequences across the country and in the U.S. if the trains are sidelined f... Read the Full Story >> |
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Markets | | | Toll Brothers (NYSE: TOL) is one of the largest home-building companies in the United States. In 2023, the company's revenue was nearly $10 billion, putting it in fourth place behind giants like Lennar Corp (NYSE: LEN) and D.R. Horton (NYSE: DHI). Shares have performed well in 2... Read the Full Story >> |
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Friday's Early Bird Stock Of The Day Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes. The company also offers professional and customer support services. It serves to fi... | | View Today's Stock Pick |
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