Good MorningEquity markets tried to rebound on Thursday, lifting the S&P 500 by nearly 1% at the session's high, but the move was short-lived. Selling resumed later in the day, driving the index to a new low and confirming resistance at a critical level. That level is near 5,500 and may cap gains for the market for the remainder of the summer.
The risk for markets now is that selling for the sake of selling will take control. The S&P 500 chart is on the verge of a Death Cross, a bearish signal for traders. A Death Cross forms when a short-term moving average crosses over a longer-term moving average, a move that could compound day-trader selling with selling by institutions and other large investors. In this scenario, the S&P 500 decline could gain momentum and reach 20% or more before hitting bottom. Featured: Prepare for crypto's next bull run now (Crypto 101 Media) 
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Markets | | | Investors who remained heavily invested in the technology sector should start watching the broader market’s behavior today, as names in artificial intelligence like NVIDIA Co. (NASDAQ: NVDA) are potentially coming out of favor. A rotation into other areas and asset classes has started in the... Read the Full Story >> |
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From Our PartnersThe mainstream media refuses to cover it...
But the U.S. Department of Defense is prepared to spend $143 billion on advanced military technology, including AI.
A lot of that money is expected to flow into a new space defense system... | | | | Click here for the ticker >>> |
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Stocks | | | World shares were mostly higher on Friday after Wall Street made a patchy comeback from its worst loss since 2022, with most stocks rising even though superstar Big Tech stocks gave back more of their stellar gains.Germany's DAX edged 0.2% higher to 18,326.36 and the CAC 40 was up 0.8% at 7,487.88.... Read the Full Story >> |
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Markets | | | Suddenly, smaller stocks seem to be making bigger noise on Wall Street.After getting trounced by their larger rivals for years, some of the smallest stocks on Wall Street have shown much more life recently. Hopes for coming cuts to interest rates have pushed investors to look at smaller stocks throu... Read the Full Story >> |
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From Our PartnersFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs…
A predicted Trump would win.
You won't believe what he's predicting now. | | | | Click here to see it because it's a SHOCKER… |
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Markets | | | ServiceNow Inc. (NYSE: NOW), a leading provider of cloud-based software solutions, has recently made headlines with a notable 15% surge in its stock price following a strong earnings report. This impressive gain brings its year-to-date performance to nearly 20%, and the stock has just bro... Read the Full Story >> |
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Healthcare | | | Molina Healthcare, Inc. (NYSE: MOH) is a leading provider of managed healthcare services, primarily focusing on government-sponsored programs such as Medicaid and Medicare. Molina Healthcare’s earnings report for the second quarter was released, and it sent shockwaves through the market, p... Read the Full Story >> |
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From Our PartnersCould Elon's New Device be Bigger than the iPhone?
According to 30-year Silicon Valley and Wall Street veteran, Eric Fry…
This mind-blowing new technology could be bigger than the iPhone. | | | | Click here for the full story… |
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Markets | | | Viking Therapeutics (NASDAQ: VKTX) is a clinical-stage biopharmaceutical company known for its focus on developing novel treatments for metabolic and endocrine disorders. Viking Therapeutics' earnings report for the second quarter of 2024 was impressive, capturing the attention of investors and ... Read the Full Story >> |
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Markets | | | Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations.The Omaha, Nebraska, railroad said Thursday that it earned $1.67 billion, or $2.74 per share, in the quar... Read the Full Story >> |
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Markets | | | A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do Read the Full Story >> |
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Markets | | | Shares of Ford Motor Co. are tumbling Thursday after the automaker's second-quarter adjusted profit badly missed Wall Street's expectations as it spent more money fixing customers' cars and trucks.Late Wednesday Ford reported an adjusted profit of 47 cents per share. That was far short of industry a... Read the Full Story >> |
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Markets | | | AstraZeneca PLC (NASDAQ: AZN) is a United Kingdom-based healthcare firm and the sixth-largest pharmaceutical company in the world by market capitalization. So far, in 2024, the firm has outperformed the market and its sector, achieving a total return of 17%. The total return of th... Read the Full Story >> |
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Friday's Early Bird Stock Of The Day TXO Partners, L.P., an oil and natural gas company, focuses on the acquisition, development, optimization, and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. Its acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado. The company was formerly known as TXO Energy Partners, L.P. and changed its name to TXO Partners, L.P. in May 2023. TXO Partners, L.P. was incorporated ... | | View Today's Stock Pick |
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