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Artificial Intelligence Identifies Archer-Daniels-Midland Co Among Today's Top Buys

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The theme of the day was tech, growth, and innovation. Last week, investors shook off hotter than expected inflation data. This week, they are doing the same, as bond yields that skyrocketed in the first half of the year continue to taper off. While the Dow Jones slipped 45 points and the S&P was roughly flat, the Nasdaq NDAQ managed to gain 0.1%. In keeping with the theme of growth's rebound, Cathie Wood's Ark Innovation, an ETF focusing on disruptive technology, and the face of 2020's boom, and the first half of 2021's tech bust, gained about 6% last week.


Artificial Intelligence Identifies Perficient Inc Among Today's Top Buys

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Crypto prices rebounded and stabilized after Elon Musk said he was having discussions with bitcoin miners regarding sustainability. Coupled with renewed optimism on the economic reopening, and you have a market that looks a lot different than it looked a few weeks ago. Both growth stocks and reopening trades rose on Tuesday. Crypto-exchange Coinbase had another big day and rose 2.5% after JPMorgan gave it a buy rating. Big Tech companies such as Facebook, Amazon, Apple, Microsoft, Netflix, Nvidia, and Alphabet all rose too, along with airlines, and cruise lines.


Artificial Intelligence Identifies Autozone And Lowe's Among Today's Top Buys

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For the second day in a row, investors shook off hotter than expected inflation. Despite the consumer price index skyrocketing in May by 5% from a year ago, shattering the estimated 4.7% and the fastest the index rose since August 2008, investors largely overlooked it. The 10-year Treasury yield fell to 1.44% after trading as high as 1.77% earlier in the year, somewhat easing fears and showing that inflation may only be transitory. Investors also continued to cheer Thursday's jobless claims data which again hit a pandemic era low. The Dow Jones gained 100 points, the S&P 500 added 0.2% to its record high, and the Nasdaq ticked up 0.1%.


Artificial Intelligence Identifies Danaher Corp Among Today's Top Buys

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Amidst the anticipation of the Federal Reserve's statement at 2 PM Wednesday, stocks traded mildly higher among the suspense, as the Dow Jones ticked up 20 points, the S&P 500 rose 0.1%, and the Nasdaq NDAQ gained 0.2%. Based on producer prices data released on Tuesday, inflation could be growing at its fastest rate in over a decade. So eyes and ears are paying extra close attention to what the Fed will say. While no significant monetary policy shifts are expected, buckle up. The central bank could potentially say something about bond buying or interest rates that very well may move the markets one way or another.


Artificial Intelligence Identifies Builders Firstsource Among Today's Top Buys

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Markets continued their bull rally today after a small setback yesterday, with all three major markets in the green. Pushing markets higher was lower Treasury yields, as more investors were comfortable adding risk in a low-yield environment, with fiscal and monetary stimulus providing downside protection. Travel has surged lately with the reopening of the economy, as American Airlines said that July 4 travel surged significantly since last year, as vaccinated movers get more comfortable flying. Later in the week, we will get the Federal Reserve minutes, which will give us insight on the tapering of their asset purchases and more insight into how concerned they are about increasing inflation. For investors looking to find the best opportunities, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys.