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Happy Wednesday Zingernation! Inflation may not be completely dead, but the numbers sure do look better than they did a year ago. Jerome Powell & Co have maneuvered through a sticky situation quite well. Now I need to ask him for advice on a different sticky situation: how to explain to my girlfriend that I’ll be drafting my fantasy football team from my phone at her sister’s wedding.

As July’s inflation report came in light, here are the stocks and sectors popping, plus three tech companies that offer a strong dividend.

—Aaron Bry & Nic Chahine

Plus, if you want to become an effective options trader, you need to check out today’s partner.

MARKET SNAPSHOT

Yesterday: Another big day for the bulls following last Monday’s violent sell-off. All major indices closed in the green, with Starbucks shares gaining nearly 25% on the day following the announcement of a new CEO.

On Our Radar: July’s CPI came in slightly lighter than expected, making a September rate cut even more likely. But, inflation still ran at nearly 3% year-over-year, a full percentage point higher than the Fed’s 2% target.

TOP STORY

July Inflation Rate Falls More Than Expected, Supports Hopes For Large Fed Rate Cuts

Basically: The Consumer Price Index (CPI) saw a cooler-than-anticipated annual headline print in July, continuing the disinflationary trend and supporting market hopes for large interest rate cuts by the Federal Reserve.

So: In July, the average price increase for a basket of goods and services tracked by official statistics reached 2.9% year-over-year, slightly below economist forecasts of 3%. Here’s what the numbers mean for the Fed’s rate cut plans, and how the markets reacted.

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FIVE ZINGERS

Pop Tart Maker Gets A Pop: Mars is reportedly acquiring Pop Tart maker Kellanova (formerly Kellogg’s) for $83.5 a share, sending the stock higher.

Analyst Calls: One Wall Street analyst upgraded Starbucks following the announcement of its new CEO. Here are some of the other top calls.

Bounce Back: NVIDIA’s stock has gained more than 20% from its lows last Monday. But, will the comeback continue ahead of its earnings report?

That’s A Bet: Flutter, Fanduel’s parent company, and Draftking’s stock both got lifts this morning. Here’s what’s going on.

Small Stocks, Big Gains?: As the market heats up again, one fund manager says it’s time to focus on small caps. Here’s why.

ONE FOR THE ROAD

Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields

Basically: During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

So: Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Here are three tech stocks from the page offering a dividend yield of more than 3%.

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