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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Materials | |
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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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 five-... Read the Full Story |
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Markets | | With rising yields and persistent concerns about inflation, it might be prudent to consider making a deposit into some of the top names in the financial sector at this time. The Federal Reserve has all but confirmed that interest rate hikes are coming shortly and that tapering of central bank asset ... Read the Full Story |
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From Our Partners | | A former Merrill Lynch and Vanguard advisor spent 25 years watching one weekly options play generate consistent income in bull, bear, and sideways markets alike.
Now he's sharing it in a free guide called the Rapid Retirement Guide, breaking down the four principles behind every trade and the technique institutional desks have quietly used for decades. | | Click here to get your free copy of the Rapid Retirement Guide |
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Healthcare | |
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 presence a... Read the Full Story |
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Consumer Discretionary | | 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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From Our Partners | | Small-cap moves rarely announce themselves. Street Ideas surfaces quiet setups with real momentum before they appear on mainstream radars.
With tomorrow's open approaching, three names are already showing early activity worth a closer look. Get the alerts that keep you ahead of the crowd. | | Join Street Ideas - Get Your Free Report Sent To Your Email |
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Markets | |
After being fairly subdued for many years, inflation is suddenly being talked about everywhere. How should you tailor your investment strategy in light of the current U.S. inflation rate of 5.4%?
While financial advisors routinely discuss inflation with clients, it hasn’t made much impact u... Read the Full Story |
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Healthcare | |
Record Results Lift UnitedHealth To New Highs
UnitedHealthcare (NYSE: UNH) has been one of our top choices among healthcare stocks for some time. The company is well-run, growing, and pays a healthy dividend so what is there not to like? The addition of Optum to the fold only optimized that outlo... Read the Full Story |
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Consumer Discretionary | |
Cruise ship operator Royal Caribbean (NYSE: RCL) stock has been recovering since its pandemic lows powered by pent-up demand. The acceleration of COVID vaccinations is bolstering bookings for 2022. The cruise line reported that 92% of the people on board its ships in July are vaccinated, with the ... Read the Full Story |
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Commercials Metals Dividend Is Strong As Steel
Commercials Metals’ (NYSE: CMC) fiscal Q4 earnings report sparked a 3.0% decline in the stock that we think irrational. The move was sparked not so much because the company posted weak results but because results were a slim margin below the a... Read the Full Story |
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Technology | | After taking a major downturn in the summer, cryptocurrencies have been bouncing back in a big way throughout October and proving that investors still have an appetite for these high-flying and volatile digital assets. With dozens of firms filing for SEC approval of bitcoin-based ETFs and Federal Re... 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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