Good MorningStock markets wobbled on Monday as traders prepare for the onslaught of earnings reports that is about to descend on Wall Street. The peak of the Q3 earnings season begins this week with reports from the big banks including JPMorgan Chase, Bank of America, and Citigroup. The consensus is for revenue to ease slightly on slowing loan growth but for earnings and cash flow to be strong. What this means for investors is strengthening balance sheets and the chance for reinvigorated share repurchases and dividend increases.
Also on tap this week, key reads on inflation and the consumer. The CPI and PPI data will be released earlier in the week with the Retail Sales figures coming out on Friday. The analysts are expecting inflation to pick up from last month’s slightly cooler numbers while retail sales are expected to be flat. The risk for the market is in the inflation numbers, if inflation continues to rise unabated it will mean the end to the earnings-driven stock market rally.
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Markets | | Inflation and transitory are probably two words that investors are getting tired of hearing, yet it’s important to understand that this is what is moving markets following the pandemic. Every Consumer Price Index (CPI) report has the chance to cause sharp rallies or selloffs, which means inves... Read the Full Story |
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Consumer Staples | |
Energy drink maker Monster Beverage (NASDAQ: MNST) shares have sold off for five straight weeks after peaking near $100 per share. The Company is having logistics and supply chain issues due to the shortages of aluminum cans and delays in procuring certain ingredients. This resulted in the inabili... Read the Full Story |
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Retail/Wholesale | |
Consumer electronics retailer Best Buy (NYSE: BBY) stock has been selling off since peaking off the recent highs near $124.89 as fears of supply chain and logistics disruptions may impact holiday sales. Best Buy has emerged from the pandemic into the reopening trend a more efficient organization. ... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Consumer Staples | |
Global meat and poultry products producer Tyson Foods (NYSE: TSN) stock continues to surge higher in the post-pandemic reopening era. The maker of such brands including Jimmy Dean, Hillshire Farm, Ball Park, and State Fair is having a banner recovery year with double-digit revenue growth. The Comp... Read the Full Story |
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Markets | |
Eighty percent of Americans (in a survey of more than 1,000 individuals) say that they have a budget, according to Debt.com. According to the site, it's the highest number of respondents who have claimed a budget compared to the past four years.
But let's be honest. Have you ever actually met peo... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Medical | | Travere Therapeutics (NASDAQ: TVTX) is up a whopping 75.81% in the past three months, as shares of the biotech company climb out of a steep correction.
Biotech companies are almost inherently volatile. So much of the path to profitability depends on treatments delivering promising results in clinic... Read the Full Story |
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Finance | |
Things are getting a little spooky on Wall Street as third-quarter earnings season kicks off this week. And as per usual, bank stocks will lead the way. In 2021, bank stocks have been solid performers. For one thing, financial stocks are one of the only sectors that benefit from rising interest ra... Read the Full Story |
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Industrials | |
Secular Trends Support These Three Dividend Payers
The Q3 earnings season is about to kick into high gear and from what we’ve seen, it could be a volatile season. While the bulk of S&P 500 are expected to report YOY revenue and earnings growth, and growth above the current consensus es... Read the Full Story |
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Consumer Discretionary | |
The term “Reddit stock” has become a pejorative for a stock being bought by speculative retail traders. One reason for this is that the social media forum is often used synonymously with the subreddit group, WallStreetBets. However, if you look at the stocks that are drawing the most i... Read the Full Story |
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Markets | |
Ethereum Consolidates Ahead Of Next Big Move
In the ebb and flow of the Ethereum (cryptocurrencies: ETH) market, it looks like the tide is rising once again. Prices for Ether, the native token of the Ethereum platform are up 27% in the last 2 to 3 weeks and up 100% from earlier this year and look... Read the Full Story |
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The Early Bird Stock Of The Day Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum in the form of sheet, which is sold primarily to customers that produce beverage and food cans. In addition, it owns hydro power plants that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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