Good MorningEquity markets tread water near record highs for another day as participants prepared for this week's potentially market-moving events. The first will be NVIDIA's Q2 earnings report. Expectations are high going into the report, making it more important than ever that the results are strong. In this environment, weaker-than-expected earnings or forecasts will undermine market sentiment and could lead to another correction for NVIDIA stock and the broad market.
The second potentially market-moving news will come out on Friday. The PCE price index is expected to show inflation accelerating compared to the prior month, which is not something the market wants to see. The risk is that inflation will be hotter than expected, taking a September interest rate cut off the table. The bigger risk is that inflation will stall at current levels, keeping the FOMC from cutting rates in 2024. As it is, the market expects at least three cuts by year's end, with a high probability of four. Featured: How to build the ultimate dividend portfolio (DTI) 
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Small-cap stocks have underperformed the broad market for years but are poised to rebound soon. The FOMC has all but committed to its first interest rate cut since 2020, ushering in a new age for stocks. In this new age, headwinds will diminish, allowing riskier businesses with greater dependence ... Read the Full Story |
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Markets | | | Stocks on Wall Street closed lower Wednesday as a pullback in big technology companies outweighed gains elsewhere in the market.The S&P 500 fell 0.6%, weighed down by drops in Nvidia, Apple, Microsoft and Amazon. About 56% of the stocks in the benchmark index finished in the red. Tech sector sto... Read the Full Story |
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Casual dining restaurant operator Brinker International Inc. (NYSE: EAT) missed its Q2 2024 EPS estimates and provided mixed forward guidance. As expected, this news caused shares to gap down over 10% the following morning. However, investors took the opportunity to buy the dip and continue buyi... Read the Full Story |
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DoorDash Inc. (NASDAQ: DASH) is the largest food delivery platform in the United States, with over 550,000 restaurants and grocery stores in its network. Like Uber Technologies Inc. (NYSE: UBER), DoorDash plays the role of the middleman connecting local restaurants with customers and Dashers (deli... Read the Full Story |
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Markets | | | Wall Street notched another record high Tuesday, even as major stock indexes barely budged after a listless day of trading.The Dow Jones Industrial Average rose 9 points, or less than 0.1%, which was good enough for its second all-time high in two days. The index is on an eight-day winning streak.Th... Read the Full Story |
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Markets | | | Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed Read the Full Story |
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Globant S.A. (NYSE: GLOB) is a jack-of-all-trades focusing on enterprise digital transformation. It provides business and technology consulting and digital solutions encompassing buzzword trends like artificial intelligence (AI), cloud computing, data science, metaverse, anal... Read the Full Story |
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Markets | | | The booming business of the NFL will now be open for more business.League owners voted their carefully crafted approval of private equity in club ownership, putting in place a provisional new rule on Tuesday that lets certain firms buy up a stake of up to 10% in any of the 32 franchises that have so... Read the Full Story |
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Markets | | | American consumers felt more confident in August as their outlook for the future improved.The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 103.3 in August from 101.9 in July.The index measures both Americans’ assessment of current economic cond... Read the Full Story |
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Markets | | | Discover how much income retirees are generating from side hustles in our survey of 3,000 retirees. Explore key findings on the top-earning states, regional disparities, and the economic impact of retiree side hustles across the U.S. Read the Full Story |
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Wednesday's Early Bird Stock Of The Day AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs). Its agency securities include agency residential mortgage-backed securities (Agency RMBS) and to-be-announced forward contracts (TBAs). Its Non-Agency Securities include credit risk transfer securities (CRT), non-agency residential mortgage-backed securities (Non-Agency RMBS) and commercial mortgage-backed securities (CMBS). | | View Today's Stock Pick |
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