UnitedHealth Group reports before Friday's market open, kicking off quarterly earnings for health insurers and medical services firms broadly. UNH stock reversed higher from the 50-day line Thursday to close up 0.2% to 502.43. Wells Fargo (WFC) and Citigroup (C) also reported before the open.

Dollar Tree, BJ's Wholesale, Lantheus Holdings and McKesson all flashed buy signals. Citi stock fell to its worst level since late 2020 on Thursday. China EV startup Li Auto (LI) remains actionable, while Tesla (TSLA) takes between two key moving averages.

Fed Hawks Show A Little Dove. Lantheus, BJ's Wholesale, McKesson, UnitedHealth and LI stock are all on the IBD 50. MCK stock and Dollar Tree also are on IBD Big Cap 20. The prospect of a full-point rate increase soared Wednesday following the hot June CPI report.

Bullard says he favors a 75-basis-point move, which he said would bring the fed funds rate to a "neutral" level. The producer price index unexpectedly accelerated in June to a scorching 11.3% gain vs. a year earlier. But core inflation slowed more than expected.

Markets are now pricing in a 57% chance that the Fed will raise rates by 75 basis points. On Wednesday, the odds of a full-point hike exploded to 80% from about 8% the day before. China economic data was mixed overnight. June industrial production grew 3.9% vs. a year before, just below the consensus for 4.1%.
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