Good MorningEquity markets rebounded Monday as investors bet Friday's PCE report will be good. The consensus is for consumer inflation to moderate at the headline and core levels, aligning with the June CPI report and outlook for the FOMC to cut interest rates. The risk is that the PCE report, like the CPI figures, is priced into the market and will not provide enough catalyst to sustain the rally. In this scenario, the market top reached last week will likely remain in place.
The good news is that the S&P 500 will likely continue in an uptrend. The outlook for earnings drives the uptrend and is stable, so it should support the market over time. The question is how deep, if at all, the correction will be -- and the odds are high that it won't be very deep. While big tech has come under pressure, many companies are poised to do well over the next year, suggesting the rally will not only continue but also improve market breadth. Featured: Unlock Your Opportunity (See inside) (DTI) 
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As market volatility and uncertainty increase and the likelihood of a September rate hike looms, some investors are paying attention to high-yield dividend stocks. These stocks provide steady income and offer the potential for capital appreciation.
Here's a look at four top-rated, high-divi... Read the Full Story |
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The market seems so sure about what will happen in the next few quarters that the volatility index (VIX) has remained near 2018 levels for most of 2024. However, uncertainty often creeps up in certain stocks, and what’s more volatile today than the technology sector?
After stellar runs in... Read the Full Story |
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Stocks | | | U.S. stocks slumped Friday in another washout, as businesses around the world scrambled to contain the effects of a disruptive technology outage.The S&P 500 fell 0.7% to close its first losing week in the last three and its worst since April. The Dow Jones Industrial Average dropped 377 points, ... Read the Full Story |
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Stocks | | | Shares were mostly higher Tuesday in Asia after U.S. stocks closed broadly higher, as Big Tech stocks took back some of their recent sharp declines. U.S. futures edged lower and oil prices were little changed.Tokyo's Nikkei 225 recovered from early losses, edging 0.1% higher to 39,621.28. Chinese ma... Read the Full Story |
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Intuitive Surgical’s (NASDAQ: ISRG) stock bucked the broad-market selloff because of its operational quality, performance, outlook, and balance sheet, which has absolutely nothing wrong with it. The B/S highlights for Q2 include a 490 basis point increase in cash and securities and the net... Read the Full Story |
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From Our PartnersAs central banks increase their gold reserves, savvy investors are following suit, seizing the opportunity to bolster their portfolios. Last year alone, central banks acquired a staggering 1,037 tons of gold, nearing record-breaking levels. Warren Buffett himself allocated over $500 million to gold investments. | | | | Claim your complimentary guide today |
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As promising as next-gen mobile technology is with the growth of the internet-of-things (IoT), edge artificial intelligence (AI), and autonomous electric vehicles (EVs), the limitations lie in the ability to power them. Current lithium-ion batteries are reaching their limits when it comes to per... Read the Full Story |
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ASML Holding N.V. (NASDAQ: ASML) designs and manufactures extreme ultraviolet (EUV) lithography machines that use light to precision print microscopic patterns on silicon wafers. These gigantic 330,000-pound machines are used to mass-produce the world’s computer chips. ASML is often the ba... Read the Full Story |
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Markets | | | China's ruling Communist Party released a 50-page roadmap addressing long-term challenges confronting the world's second-largest economy, while the central bank cut key interest rates Monday in a surprise move to pep up the struggling property sector. The action by the People's Bank of China was a s... 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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Markets | | | U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company's net income 15% above a year ago.And GM Chief Financial Officer Paul Jacobson said he doesn’t see his company cutting prices very much, despite industry an... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services. Its consumer banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; internet-based banking services; and bank credit and debit card services, including Visa and MasterCard services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, trust management, and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia. | | View Today's Stock Pick |
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