Good MorningThe PCE price index was a dose of good news for the S&P 500 that helped it to set a new all-time high last week. However, the news did not sustain upward momentum, resulting in a lower close on Friday. The takeaway is that the FOMC is on track to pivot to lower rates later this year, but the S&P 500, which is extended at fresh highs, is due for a correction.
The risk this week is twofold. On the one hand, key economic readings, including the FOMC minutes and NFP report, are due. Conversely, the July 4th holiday means a shortened trading week and low volume. The combination can result in sharp, knee-jerk market reactions, so investors should be wary. The next significant market-moving news will be out the following week and will better indicate the market's long-term direction. That news is the earnings reports from the largest financial institutions in the U.S. Featured: A new way to collect income from stocks (DTI) 
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Markets | | | The market cycle affects more than just stocks and sectors. As investors know, during economic booms, consumer discretionary stocks tend to outperform all others, especially the ‘boring’ consumer staples names. However, there is another metric that investors should always keep an eye o... Read the Full Story >> |
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Markets | | | Investors should take Wall Street's view of a particular sector or stock with a grain of salt, as there are typically conflicts of interest behind these views. Think about it: if an analyst working for an investment bank decides that a company's future is bearish, that analyst could risk losing hi... Read the Full Story >> |
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Markets | | | Investor Warren Buffett announced another $5.3 billion in charitable gifts Friday, but in a major shift of his longtime giving plan he said he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to distribute the rest of his $12... Read the Full Story >> |
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Markets | | | The semiconductor sector has been a standout performer in 2024, but recent trends suggest that its momentum might be slowing. So, let's examine the overall state of the sector, focusing on the Van Eck Semiconductor ETF (NASDAQ: SMH) and two leading names: NVIDIA (NASDAQ: NVDA) and Taiwan Semicondu... Read the Full Story >> |
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Markets | | | Network cybersecurity provider Palo Alto Networks Inc. (NASDAQ: PANW) stock has recovered from its fiscal Q3 2024 earnings report. While the results weren't bad, shares took a tumble on its forward guidance. However, the markets can smell a bargain when they see one, and shares have recovered to... Read the Full Story >> |
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Markets | | | Affirm Holdings Inc. (NASDAQ: AFRM) is a leader in the buy-now-pay-later (BNPL) industry. They provide installment loans to consumers, enabling them to split purchases into smaller payments. This is a win-win for merchants as they make more sales and customers as they can afford to purchase item... Read the Full Story >> |
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Markets | | | Shares advanced on Monday in Europe, with the benchmark in Paris up 2.8% briefly after the far-right National Rally gained a strong lead in first-round legislative elections. Other European markets opened higher, while most Asian markets also gained. The euro rose, climbing to $1.0771 from $1.0744 a... Read the Full Story >> |
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Markets | | | Signs reading "I'm buying dollars" line the doors of Víctor Vargas' shoe shop in the heart of Bolivia's biggest city, a desperate attempt to keep his family business alive.Just a few years ago, the 45-year-old Vargas would unlock the doors at 8 a.m. to a crush of customers already waiting to buy ten... Read the Full Story >> |
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Markets | | | Surveys of Chinese factory managers showed a mixed outlook for the world's second-largest economy in June, with growth steady but not picking up much steam. The China Federation of Logistics and Purchasing's official purchasing managers index, or PMI, remained at 49.5, the same as in May, on a scale... Read the Full Story >> |
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Markets | | | Japan has revised earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank showed conditions remain sluggish Read the Full Story >> |
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Monday's Early Bird Stock Of The Day Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software... | | View Today's Stock Pick |
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