Good MorningThe S&P 500 advanced on Tuesday but remains within a narrow range it has held for the last two weeks. The consolidation is a healthy move for the market, allowing overbought conditions to recede ahead of the Q2 earnings reporting season. The index should move higher because the average index stock is expected to produce accelerating growth relative to Q1. If not, a correction may form, and a buying opportunity may be set up for gains later in the year.
The outlook for the second half is improving. Analysts are forecasting another 15% increase in the S&P 500 driven by big tech. AI is the central theme: NVIDIA and Microsoft will be the key reports, but a broader rally in tech is expected. Widening use cases will improve earnings for those able to monetize AI, such as Apple, Meta Platforms, and Alphabet. Because these stocks are led higher by analysts and have a potential for 15% to 20% upside, the index could rise to 6,100 or higher. Featured: Who are Nvidia's Silent Partners? (Weiss Ratings) 
|
Markets | | | The technology sector continues to drive the overall market higher, with cybersecurity stocks presenting intriguing setups. Software infrastructure and cybersecurity stocks have performed modestly year-to-date, aligning with the broader market. The Amplify Cybersecurity ETF (NASDAQ: HACK) is up ne... Read the Full Story >> |
|
From Our PartnersCentral Bank Gold Heist In Progress
Central banks are buying gold at record rates... and billionaire investors are buying right along with them. Even Warren Buffett put over $500 million into gold. And with the help of a tax and penalty-free "Trump Loophole, " these investors are investing retirement into gold and other precious metals without having to put up any of their own cash. In our Free Retirement Protection Kit, we reveal all the details on how the rich use this loophole to protect and growth their retirement wealth in any economy…and show you how you can use it too. | | | | Click here to get your free copy today. |
|
Markets | | | NVIDIA (NASDAQ: NVDA) is a brand name with celebrity status in the technology sector. NVIDIA has become synonymous with accelerated computing, particularly in the rapidly evolving field of artificial intelligence (AI). The company's graphics processing units (GPUs) have become essential componen... Read the Full Story >> |
|
Markets | | | Onsemi (NASDAQ: ON) share price struggles in 2024, but the bottom is in, and a rebound is at hand. While sales will decline in 2024, the cause is macro, including end-market inventory, and an end to the pain is near. Analysts forecast a bottom in Onsemi end semiconductor markets, suggesting a pivo... Read the Full Story >> |
|
From Our PartnersLately, there's been a lot of buzz around a secret loophole executive insiders are using to make millions buying and selling their own stocks.
It's so powerful ... so profitable ... that most people immediately assume this is just another example of Trump doing what's best for business executives.
But surprisingly, this loophole has been on the books for many years and executives have been using it to make HUNDREDS of millions of dollars.
And here's the good news. | | | | Register For The Webinar To Discover |
|
Markets | | | BJ's Wholesale Club Holding Inc. (NYSE: BJ) is a membership-only warehouse club operating on the East Coast of the United States. The company operates 244 clubs and 176 BJ's Gas locations in 20 states from Maine to Florida. Its stores sell groceries, electronics, general merchandise, patio and g... Read the Full Story >> |
|
Markets | | | Vista Outdoor Inc. (NYSE: VSTO) is an outdoor products company comprised of many brands in the sporting and outdoor categories. While other outdoor stocks are selling off, Vista stock trades near 52-week highs, trading up 27.3% year-to-date (YTD). It received an unsolicited revised all-cash $42.... Read the Full Story >> |
|
|
Markets | | | TikTok and its bite-sized videos arrived in the United States as a global version of the Chinese app Douyin. Less than six years later, the social media platform is deeply woven into the fabric of American consumerism, having shortened the shelf life of trends and revamped how people engage with foo... Read the Full Story >> |
|
Markets | | | Global shares were mostly higher on Wednesday after comments by Federal Reserve chief Jerome Powell raised hopes for interest rate cuts.Speaking at a conference of central bankers in Portugal a day earlier, Powell gave a nod to improvements in inflation data after some disappointingly high readings ... Read the Full Story >> |
|
Markets | | | Japan issued its first new banknotes in two decades Wednesday, yen packed with 3-D hologram technology to fight counterfeiting.Prime Minister Fumio Kishida praised as "historic" the state-of-the-art anti-counterfeit traits of the new 10,000 yen, 5,000 yen and 1,000 yen bills."I hope the people will ... Read the Full Story >> |
|
Markets | | | U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market.Vacancies rose from a revised 7.9 million in April, the first reading below 8 million since February 2021, the Labor Department reported Tuesday. April openings were ma... Read the Full Story >> |
|
Markets | | | Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate.The figure released Tuesday was down from 2.6% in May, welcome ... Read the Full Story >> |
|
Wednesday's Early Bird Stock Of The Day ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies. The Production Chemical Technologies segment offers onshore, offshore, and oil sands chemical solutions, such as corrosion inhibitors, scale inhibitors, emulsion bre... | | View Today's Stock Pick |
|
No comments:
Post a Comment