Happy Tuesday! With the S&P 500 up nearly 40% since the April lows, the euphoria on Wall Street continues with indexes and cryptocurrency hitting new highs almost every week. However, one veteran strategist is sounding an alarm, and you’ll want to know why before making your next move.

Also, not everything is riding the AI-fueled wave. A few familiar names are starting to break down, and technical signals suggest they could be in for some big trouble. Read on to see what five stocks could be setting up for a big fall soon.

Plus, Benzinga is hosting the biggest fintech conference of the year. Click here for more details, and come join the biggest names in fintech.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Ed Yardeni: Get Ready For A FOMO-Fueled Stock Market Melt-Up

The stock market is riding high, optimism is at a fever pitch, and according to Ed Yardeni, the party might just be getting started.

With investors eyeing a potential rate cut soon, the veteran strategist is raising the alarm bells about a FOMO-fueled melt-up, noting that the rally has shifted from solid fundamentals to the fear of missing out.

At the same time, inflation hasn’t cooled as much as the Fed would like, with a surprise spike in wholesale prices casting doubt on whether a rate cut is even appropriate — which sets up a showdown between Wall Street’s hopes and the Fed’s credibility. Where could this lead, and what does it mean for your portfolio? Read on to find out.

One Day. One Room. Infinite Possibilities.

This isn’t just another fintech conference — it’s the fintech conference. On November 10, in NYC, Benzinga Fintech Day & Awards gathers VCs, startups, C-suites and product leaders to explore where innovation meets investment. Expect dynamic panels, curated networking and the most relevant discussions around retail user growth, digital assets, prediction markets and more. If you’re building, funding or scaling fintech, this is where you belong.

Secure your pass now and be where the future of finance is decided.

Yesterday: After posting a winning week last week, the U.S. indexes ended flat on Monday with the Nasdaq eking out a small gain, while the Dow and S&P 500 both finished slightly negative on the day. Earnings season continues with investors looking ahead to a busy week of retail earnings, with giants Lowe’s, Target and Walmart all set to report this week. So far, of the 92% of S&P 500 companies that have reported, 82% have beaten earnings expectations and lifted Q2 earnings growth forecasts to 10.4% from 3.8%. The 10-year Treasury yield rose to 4.33%, oil prices moved higher amid geopolitical developments and the U.S. dollar strengthened against major currencies.

On Our Radar: While the markets await the speech from Fed Chair Powell later this week at the Jackson Hole summit, analysts will be watching housing starts and building permit data this morning. On the earnings front, all eyes will be on Lowe’s (LOW), Target (TGT) and Baidu (BIDU), which will report results before the market opens tomorrow.

The indexes may have been little changed on Monday, but that wasn’t the case with Dayforce (DAY) as shares of the global technology company surged more than 25%. But that wasn’t the only company making big moves…

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

When Markets Crash, You’ll Wish You Had These 5 Trading Tools

From tracking Wall Street's insider moves... to knowing exactly when market-shaking events could blindside your portfolio… these five powerful tools don’t just help you survive today's chaos – but potentially profit from it.

On This Day In 2004…

Google went public with its highly anticipated initial public offering (IPO), marking a major moment in tech and financial history. Shares were priced at $85 and sold through an unusual online auction, giving more everyday investors a shot at buying in. The IPO raised $1.67 billion and gave Google a market value of over $23 billion. The move set the stage for the company’s rapid growth into a global powerhouse, now known as Alphabet, with products and services reaching billions of people around the world.

QUOTE OF THE DAY

“The function of economic forecasting is to make astrology look respectable.“

— John Kenneth Galbraith

5 'Death Cross' Stocks To Avoid As Markets Keep Rallying

The market is on fire as indexes continue to hit new highs almost weekly. However, not everyone is riding the AI-fueled wave. A few familiar names are starting to cast long shadows — and technical signals suggest they could be in trouble.

Enter the “Death Cross,” a classic bearish indicator that appears when a stock’s short-term momentum falters and dips below its long-term trend. It’s not always a death sentence, but when paired with broader weaknesses — both technical and fundamental — it can be a loud alarm bell investors can’t afford to ignore.

Read on to see what five stocks could be setting up for a big fall soon.

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