Good MorningEquities tread water on Tuesday, with the S&P 500 trading within a narrow range near flat for the day. The action is a sign of caution as investors digest the day's earnings reports, brace for reports from big tech, and wait on critical data. The critical reports before Wednesday's opening include those from Google and Tesla, which are expected to reveal differing results. Google, a leader in ad, search, and internet infrastructure services, is projected to post growth, while Tesla, still amid pricing wars, is not. The takeaway is that both may outperform their consensus forecasts and catalyze new highs for the broad market. Amazon will report later in the week.
As important as earnings are to the S&P 500 rally, Friday's inflation data is equally so. There is a high expectation for the data to be good, raising the odds the news will become a selling event like the CPI. In this scenario, the overbought and highly concentrated S&P 500 will continue consolidating and may enter a deeper correction. The critical support target this week is near 5,512 and the 30-day EMA.
Featured: Kiss of death for Democrats (Porter & Company) 
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Markets | | | Most of the market had grown worried about the fate of consumer discretionary stocks, especially after realizing that the U.S. consumer is now suffering more and more from stickier inflation rates. While this may have some traction, fear is often not real when it comes to a certain group of stocks... Read the Full Story >> |
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From Our PartnersWhile the world has been obsessed with AI and ChatGPT… Jeff Bezos has quietly gone all in on a technology that's going to prove to be FAR bigger. If you've never heard of "QaaS" technology you need watch this. | | | | click here now |
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Markets | | | In the exchange-traded funds (ETFs) world, the Utilities Select Sector SPDR Fund (NYSE: XLU) demonstrates a notable bullish setup. The XLU is now up almost 12% year-to-date, consolidating in a bullish wedge just under 3% away from its 52-week high and trading above all major moving averages.&nbs... Read the Full Story >> |
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Markets | | | The stock market is unpredictable and often leaves investors to grapple with uncertainty. In uncertain times, investors and analysts often turn market signals to decide whether to buy or sell a certain stock. Among the many signals investors scrutinize, one that often intrigues investors and cause... Read the Full Story >> |
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From Our PartnersMeet the company that is not only meeting Microsoft's high AI standards, but it also just got a 233% + price target! With new technology that could help over 70% of businesses worldwide, this tiny AI microcap won't remain undervalued for long. | | | | Full Ticker HERE |
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Markets | | | Virtual healthcare provider Teladoc Health Inc. (NYSE: TDOC) stock is trading down 57.8% year-to-date (YTD). The collapse occurred after reporting Q4 2023 earnings, which were further accelerated by its Q1 2024 earnings miss and lowered guidance. This once promising telehealth company, whose sha... Read the Full Story >> |
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Markets | | | Lawn and garden products manufacturer ScottsMiracle-Gro Co. (NYSE: SMG) stock surged on its Investor Day update ahead of fiscal Q3 2024 earnings release. The company reaffirmed its full-year 2024 outlook and further added that it expects 3% YoY growth in its U.S. consumer segment from 2025 to 2027... Read the Full Story >> |
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From Our PartnersAfter Nvidia's record-breaking earnings surge, Wall Street is now selling the stock at the fastest pace in seven months.
So if you currently own NVIDIA (NVDA)... Or were thinking of buying it in the weeks ahead...
I urge you to review my recent interview with 50-year Wall Street legend Marc Chaikin. | | | | You can watch it here. |
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Stocks | | | World stocks fell Wednesday as the earnings reporting season ramped up for big companies, with investors showing a lack of enthusiasm for results so far. Germany's DAX lost 1.1% to 18,363.59 while the CAC 40 in Paris was down 1.6% to 7,475.17. In London, the FTSE 100 declined 0.5% to 8,126.38.Shares... Read the Full Story >> |
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Markets | | | Coca-Cola is raising its full-year sales guidance after a stronger-than-expected second quarter boosted by continued price increases.The Atlanta beverage giant said Tuesday it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously. One standout was Coca-Cola Zero... Read the Full Story >> |
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Markets | | | The Federal Trade Commission has ordered information from eight companies that the agency says offer products and services that use personal data to set prices based on a shopper's individual characteristics Read the Full Story >> |
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Markets | | | The Treasury Department is ordering the nation's banking industry to start disclosing its holdings of Russian assets, with the goal of eventually seizing those billions of dollars in assets and selling them to aid the devastated Ukrainian economy Read the Full Story >> |
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Markets | | | UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge.Shares dropped more than 13% at the opening bell Tuesday.CEO Carol Tome said the package delivery company returned t... Read the Full Story >> |
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Wednesday's Early Bird Stock Of The Day Jacobs Solutions Inc. provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments. The company offers cyber, data analytics, systems and software application integration and consulting, enterprise level ... | | View Today's Stock Pick |
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