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Happy Friday Zingernation! I don’t know what’s more difficult: my girlfriend choosing what type of restaurant she wants to go to for date night, or the market deciding if it wants to go up or down. Today we’ll take a look at freshly-released inflation data from June and its impact on the market, as well as a handful of energy stocks that could implode this quarter.

—Aaron Bry & Nic Chahine

Plus, check out the company that’s operating at the intersection of Web3 and healthcare.

MARKET SNAPSHOT

Yesterday: Was a roller-coaster day for the overall market, with the S&P 500 opening slightly in the green, moving into the red, trading back higher into the green before closing in the red. Hope you like volatility!

On Our Radar: PCE Day! The Fed’s favorite gauge for inflation is due at 8:30 am ET, and has the potential the move the markets if it comes in hotter or cooler than expected.

TOP STORY

Fed's Preferred Inflation Measure Shows Mixed Readings

Basically: While most people focus on the CPI, the PCE is actually the Fed’s favorite measure of inflation. June’s PCE report showed some mixed signals and had a little something for bears and a little something for bulls.

What Happened: Here’s how the market is reacting to the numbers, and which sectors will be the most impacted.

PRESENTED BY ELEVATE

Blockchain Meets Bedside: Web 3.0’s Rx For Healthcare Woes

Imagine a healthcare revolution where your medical records are as secure as Fort Knox but as accessible as your favorite playlist! Welcome to the world of Web 3.0 in healthcare. This tech wizardry is set to flip the script on how we manage health data, giving the power back to the patients.

Companies like Elevate Health and Wellness are set on demonstrating the many advantages Web 3.0 brings through their efforts. Picture a world where finding the right therapist is as easy as swiping right on a dating app! Dr. Mohamed Elsamra from Elevate Health believes the technology can enable cheaper, faster mental health care. Web 3.0 can unlock a more patient-centric, efficient, and safe experience in healthcare.

And Web 3.0 is even playing detective in the pharmaceutical world, hunting down sneaky counterfeit drugs. It's like CSI meets your local pharmacy.

Explore how Web 3.0 can revolutionize your health journey today. Visit here to learn more about the cutting-edge of patient-centered care!

FIVE ZINGERS

Long Overdue?: $MMM has been bogged down for years due to lawsuit concerns, but is starting to finally perk up after some strong earnings.

Open Interviews: Boeing is still on the search for its next CEO, but may have found its next candidate.

All About The Details: Tesla announced new detail kits that sell for $120 for all of its models, except for this one.

Keepin’ It In House: Amazon is testing some AI chips in a Texas lab, potentially reducing reliance on semi-companies like NVIDIA.

Survey Says: Elon Musk polled his X followers to see if they think Tesla should invest $5b in his AI startup, xAI. Here are the results.

ONE FOR THE ROAD

Top 3 Energy Stocks That May Implode This Quarter

Basically: As of July 26, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

So: Analyzing technical indicators, like the relative strength index, can give us clues into the odds of a stock decreasing by a significant margin. And these three stocks in the energy space are all in severely overbought territory.

PRESENTED BY FUTURISTIC CONFERENCE

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