Good MorningThe stock market extended its rebound on Friday confirming a reversal in the S&P 500. The index formed a Head & Shoulders reversal pattern at the 4300 level and is on track to reclaim its recently set all-time high this week. The market should be supported by earnings as the Q3 earnings season kicks into high gear but there is still a risk for stocks in the global supply chain issues plaguing the economy today.
This week, earnings from Johnson & Johnson, WD 40 Corporation, Verizon, and Whirlpool will be in the market’s focus. If they can sustain the trend of better than expected results the broad market should continue higher. Also on tap this week, key reads on the housing market, the Fed’s Beige Book, and the Index of Leading Indicators.
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Markets | | | There’s no shortage of quality companies to choose from for exposure to this important area of the market, yet a few financial stocks stand out as no-brainer buys at this time given their recent impressive earnings results and renowned brand names. Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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Markets | | | Asian shares were mostly lower on Monday after China reported its economy grew at a meager 4.9% annual pace in July-September.
The Shanghai Composite index lost 0.2% to 3,565.18 while the Hang Seng in Hong Kong declined 0.5% to 25,217.81.
Chinese growth is under press... Read the Full Story |
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Tech | | | The Taiwanese company that manufactures smartphones for Apple Inc. and other global brands announced plans Monday to produce electric cars for auto brands under a similar contract model.
Foxconn Technology Group will produce cars and buses for brands in China, North America, Europe an... Read the Full Story |
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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
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Politics | | | Investigators believe a massive cargo ship dragging anchor in rough seas caught an underwater oil pipeline and pulled it across the seafloor, months before a leak from the line fouled the Southern California coastline Read the Full Story |
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Healthcare | | | The first new Alzheimer’s treatment in more than 20 years was hailed as a breakthrough when regulators approved it more than four months ago, but its rollout has been slowed by questions about its price and how well it works.
Several major medical centers remain undecided on whether t... Read the Full Story |
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Politics | | | The U.S. Coast Guard has designated the Mediterranean Shipping Company and others as parties of interest in an investigation into a vessel that was determined to be the source of an offshore pipeline leak in Southern California Read the Full Story |
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Stocks | | |
Steel producer Nucor (NYSE: NUE) stock has been pulling back despite raising its Q3 2021 earnings to be the highest in the history of the Company. The steel producer is operating on all cylinders as the perfect storm of rising steel prices and insatiable demand triggers record-breaking profits whi... Read the Full Story |
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Stocks | | | Earlier this week, the folks over at Cowen released their findings from a consumer survey of millennials and Generation Z. In a published note, they said "our proprietary survey of 18-34-year-old consumers suggests the themes of sustainability, social commerce and shifts to digital will have profoun... Read the Full Story |
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Markets | | |
Mixed Results And Del Taco Back To Support
Del Taco (NASDAQ: TACO) is turning into a tasty treat for dividend growth investors. The company's business was hurt by the pandemic but only briefly and it has come back stronger than ever. Now, the company continues to invest in its digital prese... Read the Full Story |
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Markets | | |
My mom contracted pancreatic cancer when she was just 55 years old. Thankfully, eight years later, she still plays a mean game of pickleball — good luck if you get stuck on a court with her.
Here's why we count ourselves so lucky she's still with us: Pancreatic cancer patients have a ... Read the Full Story |
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The Early Bird Stock Of The Day BorgWarner Inc., together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging. The company provides power electronics, control modules, software, friction, and mechanical products for automatic transmissions and torque-management products. It sells its products to original equipment manufacturers of light vehicles, which comprise passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, including medium-duty and heavy-duty trucks, and buses; and off-highway vehicles, such as agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. The company was formerly known as Borg-Warner Automotive, Inc. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan. | | View Today's Stock Pick |
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