🔌 Energy Exposure

Plus, the China vs EU trade war heats up

Pencils down, it’s time for lunch. Here’s what you missed this morning:

  • 🟩 | Market Snapshot: Both the S&P 500 and Nasdaq Composite hit new highs during this morning’s trading session as investors hope that data showing economic weakness will spur a rate cut from the Fed.

  • 📰 | In focus: The data is in… Nonfarm payrolls increased by 206,000 in June, slightly higher than expected. However, unemployment climbed to 4.1%, the highest level since October of 2021.

  • ⌛ | Noteworthy: The Fed’s June Meeting Minutes revealed that officials believe inflation is moving in the right direction but is still not sufficient to warrant interest rate cuts. In other words, the Fed remains in wait-and-see mode.

  • 🔌 | The Midday Trade: Energy Exposure. Scroll down for more.

Plus, join the growing community of Americans who have witnessed life-changing effects through Dr. Gundry's groundbreaking research.

TOGETHER WITH GUNDRY MD

For years, we've been advised to include certain fruits, vegetables, and whole grains in our diets for better health. However, could it be possible that some of these seemingly "health foods" harbor a hidden compound that might be wreaking havoc on our bodies?

Renowned heart surgeon, Dr. Steven Gundry, reveals a shocking discovery - many so-called "health foods" in the American diet contain a hidden substance that could be expanding our waistlines and causing harm to our delicate intestinal walls, allowing harmful bacteria and waste products to enter our bodies.

Thankfully, Dr. Gundry has a surprisingly easy solution. By avoiding these hidden compounds in our diets, we can take charge of our health and experience a remarkable transformation. Thousands of patients have already reaped the benefits of his expertise, shedding excess weight and feeling revitalized.*

Join the growing community of Americans who have witnessed life-changing effects through Dr. Gundry's groundbreaking research. Discover the power of eliminating this harmful substance from your diet and embracing true health today.

STREET STATS

MORNING MOVERS

TSLA: Shares of Tesla rose after showcasing its humanoid robot Optimus at a Chinese AI conference (SCMP)

SHEL: Shares of Shell rose after it reported it will book $2 billion in post-tax impairments after delaying construction of a major biofuels plant (WSJ)

NVO: Novo Nordisk’s stock rose despite a new study linking the company’s weight loss drug to a rare eye condition (CNBC)

INST: Educational tech company Instructure surged after reports of acquisition interest from Francisco Partners and KKR (Reuters)

M: Macy’s stock jumped following a report that an investment group seeking to buy the company has raised its offer for a second time (WSJ)

TOP CALLS

Henry Schein: Barrington Research Maintains Outperform on Henry Schein, Maintains $92 Price Target (Trade It)

Eli Lilly: Morgan Stanley Maintains Overweight on Eli Lilly and Co, Maintains $1023 Price Target (Trade It)

Vale: UBS Maintains Buy on Vale, Lowers Price Target to $14.5 (Trade It)

Insmed: B of A Securities Maintains Buy on Insmed, Maintains $83 Price Target (Trade It)

Constellation Brands: Jefferies Maintains Buy on Constellation Brands, Raises Price Target to $31 (Trade It)

Aritzia: RBC Capital Maintains Sector Perform on Aritzia, Raises Price Target to C$46 (Trade It)

THE MIDDAY TRADE

Taking Advantage of Trends

As the US transitions toward natural gas from traditional fuels such as coal, investors may be able to take advantage of the shift, according to PGIM. 

The firm's VP, Shehriyar Antia, claims natural gas is more viable than wind and solar energy. He believes natural gas is both highly dispatchable and low-cost, things that wind and solar do not offer. It also burns cleaner than other fossil fuel options.

Pipeline Over Production

According to Antia, investors will be better served putting their capital into the major pipeline companies rather than the natural gas producers. This will help investors avoid exposure to commodity prices, which are typically very volatile. 

Additionally, pipeline companies typically pay dividends and offer capital appreciation, potentially checking both the growth and income boxes as investments.

Stock Picks

Two stocks that Antia likes are Williams Companies (WMB) and Kinder Morgan (KMI). The stocks are up 20% and 12% YTD, respectively. Additionally, WMB offers a 4.5% dividend yield and KMI’s is at 5.8%.

The world is always looking for ways to get greener, and it seems that natural gas is going to be a big part of that. These companies provide crucial infrastructure to the industry while avoiding a lot of the risk associated with the ever-fluctuating price of the gas itself.

TOGETHER WITH GUNDRY MD

For years, we've been advised to include certain fruits, vegetables, and whole grains in our diets for better health. However, could it be possible that some of these seemingly "health foods" harbor a hidden compound that might be wreaking havoc on our bodies?

Renowned heart surgeon, Dr. Steven Gundry, reveals a shocking discovery - many so-called "health foods" in the American diet contain a hidden substance that could be expanding our waistlines and causing harm to our delicate intestinal walls, allowing harmful bacteria and waste products to enter our bodies.

Thankfully, Dr. Gundry has a surprisingly easy solution. By avoiding these hidden compounds in our diets, we can take charge of our health and experience a remarkable transformation. Thousands of patients have already reaped the benefits of his expertise, shedding excess weight and feeling revitalized.*

Join the growing community of Americans who have witnessed life-changing effects through Dr. Gundry's groundbreaking research. Discover the power of eliminating this harmful substance from your diet and embracing true health today.

SURVEY THE STREET

Yesterday, the EU implemented its tariff hike on Chinese EVs. On top of the 10% duty already placed on imported EVs, Chinese manufacturers will now face tariffs ranging from 17.4% to 37.6%.

Amid all this, China has launched anti-dumping investigations into European pork and brandy. However, the Chinese Ministry of Commerce claims this has no connection to Europe’s EV restrictions.

Will China Issue a Significant Retaliation Against the EU for Tariff Hikes?

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Plus, Yesterday’s Poll + Results:

🟨🟨⬜️⬜️⬜️⬜️ Yes ✅ 

🟩🟩🟩🟩🟩🟩 No ❌ 

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