This edition features digital adversiting and regulatory risk; our quarterly telecom outlook; new coverage of backup power leader Generac; and notes from Continental, Goldman Sachs, and Boston Beer.

Back on August 26, we said it might be time to keep an eye on interest rates. So far, we're not wrong. But we aren't right either. Since late August, the 10-year hasn't done much, rising from 1.34% to 1.37%. The intraday high on Tuesday was 1.385%, just slightly above the peaks on August 12 and 26. Needless to say, a push above yesterday's high could get yields moving to the upside.

This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.

This edition features potential healthcare policy changes; a quarterly housing outlook; Costco's pricey shares; and notes from DocuSign, Wells Fargo, and new coverage Rocket Cos.

West Texas Intermediate (WTI) broke key chart support at $65 last Thursday and fell to a corrective low of $62 on Friday, one of our targets and the lowest level since May. It's possible that oil was in a three-wave ABC decline with the A and B waves completed. If wave C equals wave A, the pattern would target the $62 region. This week, WTI has been very strong, popping to $67.75 on Tuesday or 9% in two days. It looks like crude has completed a false breakdown, which makes it very likely that the correction is over.

This edition features new and updated coverage of First Republic Bank and Morgan Stanley; the runway for Australia/New Zealand airlines; and notes from Pilgrims Pride, Aviva, and Disney.

Numerous sentiment indicators continue to reflect extreme optimism, and the investors represented in those indicators have been rewarded for their correct assessment of market direction. As always happens, there will come day when the bullish views will have been held too long and some of the robust gains will be recalled. But for now, the bulls remain firmly in charge.

Stocks kept momentum going in July and August. Our analysts have been progressing through earnings season and have come across many stocks that have approached target prices. We set targets through our valuation framework, which includes analysis of historical multiples, peer multiples, and future dividends and cash flows. After adjusting for the latest information, here are some of the stocks on which we raised target prices over the past month. All of the following stocks are rated BUY at Argus.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.

The stock market was flat to down last week as positive earnings surprises proved to be baked-in. Tech stocks modestly underperformed blue chips. During Friday's session, the Dow Jones Industrial Average fell 149 points, or 0.42%. The S&P 500 was down 0.54%, and the Nasdaq Composite was down 0.71%. For the week, the DJIA was down 126 points, or 0.36%, the S&P 500 was down 0.37%, and the Nasdaq Composite was down 1.11%. Year-to-date, the DJIA is up 14.14%, the S&P 500 is up 17.02%, and the Nasdaq Composite is up 13.85%.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

This edition features our midyear auto outlook; a moat upgrade for Nvidia; new solar coverage; and notes from VMware, Pentair, and Biogen.

The latest run higher in West Texas Intermediate (WTI) had reached our target with an intraday high of $77 on July 6. That was followed by a sharp reversal, with WTI closing that day at $73.37. Then WTI really got hit on Monday, falling by 7.3% to $66.35, the largest one-day decline since September 2020.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

The stock market moved lower last week as inflation concerns spread from Wall Street to Main Street. Blue chips relatively outperformed as earnings season kicked off. During Friday's session, the Dow Jones Industrial Average fell 299 points, or 0.86%. The S&P 500 was down 0.75%, and the Nasdaq Composite was down 0.80%. For the week, the DJIA was down 182 points, or 0.52%, the S&P 500 was down 0.97%, and the Nasdaq Composite was down 1.87%. Year-to-date, the DJIA is up 13.33%, the S&P 500 is up 15.20%, and the Nasdaq Composite is up 11.94%.

Stocks fell on Friday morning amid new retail sales and consumer confidence data. The Commerce Department said that U.S. retail sales rose 0.6% in June, up from a decline of 1.7% in May and above the Reuters consensus forecast, which called for a drop of 0.4%. The University of Michigan said that its consumer sentiment index fell to 80.8 in the first half of July, down from a final reading of 85.5 in June and below the consensus forecast of 86.5. The Dow, the S&P, and the Nasdaq were all down about 0.3%. Crude oil traded near $72 per barrel, while gold fell $16 to $1813 per ounce.

Stocks were mixed on Thursday as investors weighed a new round of earnings reports along with employment and manufacturing data. The Federal Reserve said that U.S. manufacturing output fell 0.1% in June, reflecting reduced automobile production due to the ongoing semiconductor shortage. The reading was down from a 0.9% increase in May and below the consensus forecast calling for 0.2% growth. On the employment front, first-time jobless claims fell to 360,000, the third straight reading below 400,000 but slightly above consensus. Continuing claims fell to 3.241 million from 3.367 million a week earlier and came in below the consensus of 3.3 million. The Dow rose 0.15%, the S&P fell 0.33%, and the Nasdaq fell 0.70%. Crude oil fell 2% to $71.50 per barrel, while gold rose $4 to $1829 per ounce.