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Investors should now be familiar with the story behind so-called “meme stocks.”
These are companies considered not that great by hedge funds and savvy investors
who bought into the technology sector, so they naturally carry large short
interest due to the number of short....
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Wednesday, July 24th


GOOD MORNING

Equities 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)




MARKETS


CAN THIS MEME STOCK STAGE ONE LAST RALLY?

Investors should now be familiar with the story behind so-called “meme stocks.”
These are companies considered not that great by hedge funds and savvy investors
who bought into the technology sector, so they naturally carry large short
interest due to the number of short...

Read the Full Story >>


FROM OUR PARTNERS


JEFF BEZOS NEXT TRILLION DOLLAR BET

While 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


MARKETS


INSIDER SELLING: WHEN IT MATTERS AND WHEN IT DOESN'T

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 >>


MARKETS


UTILITIES STOCKS ARE POWERING UP: XLU ON THE VERGE OF A BREAKOUT

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 >>


FROM OUR PARTNERS


THIS MICROCAP COULD BE YOUR TICKET TO AI

Meet 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


MARKETS


STOCK MARKET TODAY: ASIAN SHARES DIVE AFTER A WIPEOUT ON WALL STREET AS BIG TECH
SKIDS

Asian shares dropped in Thursday morning trading, with Tokyo's benchmark losing
more than 1,000 points at one point and closing down more than 3%, as pessimism
set in over a nose-dive on Wall Street. U.S. stock indexes suffered their worst
losses since 2022 after profit reports from Tesla and Alphab...

Read the Full Story >>


MARKETS


LEADING BEVERAGE COMPANY'S STOCK BUBBLES HIGHER: RALLY AHEAD

Coca-Cola Company (NYSE: KO) struggled with FX conversion in Q2 but navigated
difficult times with aplomb, setting its stock up to move higher and set a new
all-time high. The critical details are that price, mix, and timing of sales
offset the weaknesses, paving the way for a guidance increase....

Read the Full Story >>


FROM OUR PARTNERS


MISSED NVDA? BUY THIS AI STOCK NOW

After 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.


MARKETS


SCOTTSMIRACLE-GRO STOCK BLOOMS AFTER INVESTOR DAY OPTIMISM

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 >>


MARKETS


COCA-COLA RAISES FULL-YEAR SALES GUIDANCE AFTER STRONGER-THAN-EXPECTED SECOND
QUARTER

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 >>


MARKETS


FTC ORDERS 8 COMPANIES TO PROVIDE INFORMATION ON 'SURVEILLANCE PRICING'
PRACTICES

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 >>


MARKETS


US BANKS TO BEGIN REPORTING RUSSIAN ASSETS FOR EVENTUAL FORFEITURE UNDER NEW LAW

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 >>


MARKETS


UPS BOOSTS VOLUME IN US FOR FIRST TIME SINCE 2022, BUT PROFIT AND REVENUE SLIDE

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 >>


WEDNESDAY'S EARLY BIRD STOCK OF THE DAY


A STOCK WITH UPCOMING EX-DIVIDEND:JACOBS SOLUTIONS (NYSE:J)

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 and mission IT, design, nuclear, and enterprise
level operations and maintenance services; software development, testing,
mission integration, program management, research, development, test, evaluation
services, training, and environmental remediation services; and other technical
consulting solutions, as well as construction and construction management
services. It also provides consulting services for consumer and manufacturing,
defense and security, energy and utilities, financial services, government,
health and life sciences, and transport industries. The company was founded in
1947 and is headquartered in Dallas, Texas.

View Today's Stock Pick

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