Good MorningA much-needed market correction is underway and may not end soon. The sell-off was sparked by a sell-the-news event that has yet to play out. The news was the June CPI report, which was affirmed by the PCE price index; consumer inflation is falling closer to the FOMC's target of 2%, paving the path toward an interest rate cut. The significant detail is the interest rate cut, a move that will signal the easing of economic headwinds and a pivot for the market. That pivot will be into small and mid-cap names, driven by the expectation improving business conditions will drive growth and profits.
This week's risk is the FOMC. The FOMC is meeting on Tuesday and Wednesday and will release a fresh policy statement on Wednesday. The market is pricing in a rate cut for August and a high probability for a second in September. Still, the FOMC may hesitate to commit, inducing volatility in the market. The takeaway is that underlying economic conditions and outlook remain bullish; a stock market correction should result in a buy-the-dip opportunity and fresh all-time highs later this year. Featured: Beginner Crash Course In Options Trading (Unstoppable Prosperity) 
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Markets | | | Historically, the dollar index level drives many trends in the United States' gross domestic product (GDP). After reporting a better-than-expected 2.8% growth for the past quarter, GDP is now accredited to the strength of consumer discretionary stocks and behaviors. It's never good to be too conce... Read the Full Story >> |
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Markets | | | The earnings reports from Alphabet Inc. (NASDAQ: GOOGL) and Tesla Inc. (NASDAQ: TSLA) led technology stocks lower for the week. Some analysts are warning that the price action is due to an artificial intelligence (AI) bubble, but there could be other factors at play. First, the second h... Read the Full Story >> |
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Stocks | | | A widespread rally swept Wall Street Friday, lifting far-reaching corners, to close a tumultuous week where stocks that had been left behind for much of this year's record-setting run wrested the spotlight back from the market's biggest stars.The S&P 500 jumped 1.1% for its best day in seven wee... Read the Full Story >> |
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Markets | | | As the market rotation gets underway, with traders and investors showing growth in preferences for small-cap stocks and bonds, a few other cogs in the machine need to be in place first. Historically, whenever the financial markets are about to make a pivot, activity and price action around the fin... Read the Full Story >> |
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Markets | | | Shares in chipmakers and the semiconductor sector have recently experienced a significant pullback. The VanEck Semiconductor ETF (NYSE: SMH), a leader with over 37% gains year-to-date, has entered correction territory, falling over 15% from its 52-week high. This decline has affected several ... Read the Full Story >> |
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Markets | | | Telecommunications giant Verizon Communications Inc. (NYSE: VZ) stock has been in a flat trading range for the past 4 months. Its shares are trading up just 6.34% year-to-date (YTD), severely underperforming the S&P 500 Index, which is up 14.54% YTD. The stock may present itself as a solid v... Read the Full Story >> |
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Stocks | | | World stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped a tumultuous week. Germany's DAX picked up 0.3% to 18,500.43, while the CAC 40 was down 0.1% at 7,510.92. In London, the FTSE was up 0.9% at 8... Read the Full Story >> |
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Markets | | | Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September Read the Full Story >> |
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Markets | | | All of a sudden it's Kamala Harris ' economy — a major opportunity as well as a possible risk for the likely Democratic presidential nominee.Shortly after President Joe Biden left the race a week ago, Harris began to craft her own narrative around the economy by putting an emphasis on ending child p... Read the Full Story >> |
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Markets | | | The Federal Reserve's favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September Read the Full Story >> |
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Monday's Early Bird Stock Of The Day Edwards Lifesciences Corporation provides products and technologies for structural heart disease and critical care monitoring in the United States, Europe, Japan, and internationally. It offers transcatheter heart valve replacement products for the minimally invasive replacement of aortic heart valves under the Edwards SAPIEN family of valves system; and transcatheter heart valve repair and replacement products to treat mitral and tricuspid valve diseases under the PASCAL PRECISION and Cardioban... | Should I Buy Edwards Lifesciences Stock? EW Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Edwards Lifesciences was last updated on Monday, July 22, 2024 at 11:18 PM. Pros- Edwards Lifesciences Corporation provides products and technologies for structural heart disease and critical care monitoring in various regions, indicating a diverse market presence.
- Recent developments in transcatheter heart valve replacement products offer minimally invasive options for aortic heart conditions, showcasing innovation in the healthcare sector.
- Strong performance in the critical care monitoring segment highlights the company's ability to adapt to changing healthcare needs and capitalize on emerging trends.
- Positive market reception and demand for Edwards Lifesciences Co.'s products indicate a favorable outlook for revenue growth and market expansion.
- Current stock price of Edwards Lifesciences Co. reflects a stable and potentially lucrative investment opportunity for investors seeking growth in the healthcare industry.
Cons- East West Petroleum Corp., a different company with a similar symbol, engages in oil and gas exploration and production, potentially causing confusion for investors looking specifically at Edwards Lifesciences Co.
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