Good MorningEquities sold off again on Thursday to bring September to a close. The S&P 500 shed more than 1.25% at the low of the day to test support at the crucial 4,300 level. If the index is not able to maintain that level into the close of trading on Friday it could lead the index into a much deeper decline. A move below that level could take the index down to 4230 or another 2.5% lower.
The risk. on Friday is the PCE price index. While spending and income data are expected to be bullish, core consumer inflation is expected to rise for another month. If inflation comes in hotter than the 0.2% expected by the market a deeper stock market correction is all but certain. Rising inflation means narrower margins and earnings for S&P 500 companies and that is never good for stock prices.
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Technology | | Cybersecurity provider SentinelOne (NYSE: S) stock has enjoyed a nice rise upon its public debut this year. Shares of this automated cybersecurity platform as holding above its IPO price but starting to offer some opportunistic pullbacks for prudent investors. The Company provides automated cybersec... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
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Technology | | September 2021 brought a rude awakening to investors who got accustomed to the S&P 500 moving steadily higher.
The large-cap domestic index was down nearly 5% for the month, following seven months in a row of gains. To put that in context, the last down month was January. Since then, the S&... Read the Full Story |
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Consumer Staples | |
McCormick & Company (NYSE: MKC) confirmed what many consumers already knew. It can be difficult to keep your spice cabinet fully stocked. And it’s about to get more expensive. On the company’s conference call following the release of its earnings report on September 30, McCormick C... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Markets | |
Sustainable metals The Metals Company (NYSE: TMC) stock has recently surged as high as $15.39 and collapsed over (-60%) to present a discounted entry for risk-tolerant investors. This reverse merger business combination pre-special purpose acquisition companies (SPACs) was originally called Deep G... Read the Full Story |
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Healthcare | |
The recent market slump has put many stocks on sale. In some cases, such as high multiple technology stocks, the recalibration is warranted given the backdrop of rising yields. In other cases, it has made non-tech value stocks even more attractive.
Investors looking to follow the script of &lsquo... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Markets | |
Which is the real Bed Bath & Beyond (NASDAQ: BBBY)? Is it the stock that dropped over 20% on September 30 after releasing disappointing earnings and even more discouraging guidance? Is it the stock that at the onset of the pandemic was in penny stock range? Or was it the stock that for most of... Read the Full Story |
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Technology | | Periods of market volatility are never easy for investors to navigate, especially when market participants have been conditioned to “buy the dip” for the better part of the last year. We’ve witnessed a few selloffs since the market’s massive move off of the pandemic lows, but... Read the Full Story |
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Consumer Staples | | The old adage “the best defense is a good offense” can be applied to the stock market, particularly when equities are hitting lower prices with every passing day as the corrective phase continues. While it's not easy to be aggressive during a sharp pullback, adding shares of companies wi... Read the Full Story |
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Industrials | |
Buy Paychex For Growth In Q4 And 2022
It is no doubt that the labor market is strong and the Paychex (NASDAQ: PAYX) result proves it. While there are still lingering issues with the labor market, employment conditions have surpassed pre-COVID levels and have companies like PayChex and Cintas on t... Read the Full Story |
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Consumer Discretionary | |
Higher Costs Cut Into CarMax Results
CarMax results (NYSE: KMX) reveal the used car industry is not immune to global issues plaguing the market today. Not only are rising costs digging into the bottom line but there is the omnipresent issue of the global semiconductor shortage. The semiconductor ... Read the Full Story |
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The Early Bird Stock Of The Day Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries. It also provides natural and synthetic color systems for use in foods, beverages, pharmaceuticals, and nutraceuticals; colors and other ingredients for personal care, such as active ingredients, solubilizers, and surface treated pigments; pharmaceutical and nutraceutical excipients, including colors, flavors, coatings, and nutraceutical ingredients; and technical colors for industrial applications under the Sensient Food Colors, Sensient Pharmaceutical Coating Systems, Sensient Cosmetic Technologies, and Sensient Specialty Markets trade names. Sensient Technologies Corporation was incorporated in 1882 and is headquartered in Milwaukee, Wisconsin. | | View Today's Stock Pick |
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