Good MorningThe market is gearing up for the worst. Friday’s action had the major indices down more than 2.0% at the lows as traders and investors prepare for next week’s election. The S&P 500 closed at its lowest level in over a month and is in danger of confirming a double-top reversal. If the index falls only a little more it will set a three-month low and put it in position for a full-blown correction. The worst-case scenario has the index down nearly 30% at the 2,600 level.
The good news for investors is that this volatility will be nothing more than a blip on the radar in no time at all. The U.S. economy is still in the middle of a bull market that has many years left to run. We recommend investors ignore the headlines and stick to their investment strategies and prepare for the next major buying opportunity. It will come sooner than you think.
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Markets | | | Grocery store operator Weis Markets, Inc. (NYSE: WMK) shares have been chopping in range for the past few months, but still trading above its pre-pandemic February 2020 highs and outperforming the benchmark S&P 500 index (NYSEARCA: SPY). The Mid-Atlantic operator of 197 stores has been executing... Read the Full Story |
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Markets | | | Juniper Networks Isn’t Exciting But It Is A Steady Dividend Payer
Juniper Networks (NYSE:JNPR) isn’t an exciting company compared to say an Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), or even Nvidia (NASDAQ:NVDA) and AMD (NASDAQ:AMD). It’s a maker of networking equipment, router... Read the Full Story |
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During the first half of the year, essentially every company that offers cloud-based software was rallying as the pandemic quickly transformed the way that most of the world handles business. While the trend of businesses moving to the cloud is here to stay, some of these hot software names receiv... Read the Full Story |
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Markets | | | Data from the manufacturing, shipping, and packaging industries all point to a sustained rebound with or without added stimulus and that can be seen in Automatic Data Processing’s (NASDAQ:ADP) 3rd quarter results. Read the Full Story |
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Markets | | | There’s Nothing Not To Like About Simpson Manufacturing
Simpson Manufacturing Co, Inc (NYSE:SSD) just reported a stellar quarter and updated its guidance, and yet shares are down nearly 4.0% on the news. The move raises questions about the company’s health but upon a deeper look, I can ... Read the Full Story |
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The Early Bird Stock Of The Day Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors. In addition, its private equity business offers industrial, infrastructure, and business services sectors; and real estate business, which includes housing, logistics, hospitality, science and innovation, office, and retail sectors. Further, it provides credit business; and insurance solution in the reinsurance, annuities, operating platform, and investment solutions sectors. Brookfield Asset Management Ltd. was incorporated in 2022 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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