Good MorningThe equities markets wobbled a bit on Monday but were able to move higher by the end of the day. The move was driven by hopes the earnings season would continue to be better than expected despite mounting headwinds within the economy. The biggest risk is that inflationary pressures will cut too deeply into the outlook for future earnings but so far consumers are accepting higher prices without pushback.
This week marks the first full week of peak earnings for the Q3 reporting cycle. Even so, there are only 19 S&P 500 companies reporting this week and 4 Dow components as well. The real peak of the season won’t start until next week. Also on tap this week, key reads on the housing market and the Index of Leading Indicators.
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Consumer Staples | |
Have you ever thought about how your unique skills or knowledge might help you invest? For example, let's say you're an engineer for an auto manufacturer. You might have a distinct advantage when you compare the differences between the auto manufacturer you work for and the competition. You might ... Read the Full Story |
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From Our Partners | | A couple of years ago, we started playing with the massive amounts of data that MarketBeat takes in everyday trying to figure out if there was a way to identify short term trading wins. By analyzing earnings data, news sentiment, analyst recommendations, insider transactions and dozens of other data points, we think we’ve found an algorithm that finds interesting short-term stock ideas. We call that algorithm the IdeaEngine and its stock ideas are published on MarketBeat All Access every Monday morning. We make one IdeaEngine idea available free every Monday as an SMS alert. We’ll be releasing the next IdeaEngine alert on Monday morning, so make sure you are signed up before then. | | Get MarketBeat IdeaEngine Alerts (Free) |
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Medical | |
Pharmaceutical giant Merck & Co. (NYSE: MRK) stock exploded to the upside on news of its game-changing COVID-19 pill Molnupiravir (molnu). The interim phase three clinical trial results showed a 50% reduction in hospitalization and a 100% reduction in deaths with no severe side effects. These ... Read the Full Story |
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Consumer Discretionary | |
Clarus Corporation Moves Higher On Preliminary Results
Clarus Corporation (NASDAQ: CLAR) appears to be perfectly positioned for today's times. The company operates in two segments with strong secular tailwinds blowing in both that we do not see subsiding. On the one hand, is the Black Diamond eq... Read the Full Story |
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From Our Partners | | Under Executive Order 14299, a new energy technology has been fast-tracked for mandatory rollout at U.S. military bases and AI data centers. Amazon and Google have already invested more than $11.5 billion to secure access to it.
Towns and cities across eight states have plans underway to adopt it - and six stocks are positioned to climb as this federal mandate drives broader deployment. | | See the six stocks tied to this White House energy mandate |
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Retail/Wholesale | | People are always coming up with excuses not to invest, which likely comes down to widespread misconceptions about how the market works. The road towards long-term wealth starts with discipline and a willingness to learn, and the truth is anyone can get started regardless of their experience levels.... Read the Full Story |
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Transportation | |
Investors follow the news cycle almost to a fault. And right now, the supply chain crisis is on full display. As I write this article, a backload of barges are waiting to be offloaded at two of our nation’s largest ports. This article isn’t the right vehicle to comment on why we got he... Read the Full Story |
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From Our Partners | | Without a will, your state's intestacy laws decide how your assets are divided — a rigid formula that ignores unmarried partners, unequal financial needs among heirs, and charities you supported. Outdated beneficiary forms on retirement accounts can send assets to ex-spouses or estranged relatives, regardless of what your will says.
Probate without a will can take months or years, freeze your assets, and become part of the public court record. A fiduciary financial advisor can walk you through beneficiary designations, trust structures, and tax strategy before it's too late. | | Match with a vetted fiduciary advisor in your area today |
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Consumer Staples | |
These Are Three Of The Next Meme Stocks
Beyond Meat (NASDAQ: BYND), Ollie's Bargain Outlet (NASDAQ: OLLI), and Haverty Furniture Companies, Inc. (NYSE: HVT) have very little in common other than a high and growing short interest. These companies are all fundamentally strong and supported by secu... Read the Full Story |
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Transportation | | Car rental company Avis Budget Group (NASDAQ: CAR) has overcome plenty of doubts from investors and analysts, as well as a downturn in business during the pandemic.
The stock is trading in new high ground after clearing a cup-with-handle base in August.
On October 13, Morgan Stanley downgraded th... Read the Full Story |
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Consumer Discretionary | |
Netflix (NASDAQ:NFLX) will report earnings on October 19 after the market closes. The company is expected to deliver earnings per share (EPS) of $2.56 on revenue of approximately $7.5 billion.
Investors have become accustomed to Netflix delivering growth in quarterly revenue. By my count, this ... Read the Full Story |
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Consumer Staples | |
New Highs Are In Store For Albertsons Companies, Inc.
There is a renaissance going on in the retail pharmacy industry and Albertson’s (NYSE: ACI) is taking part. The company’s ongoing efforts to improve operations coupled with strength driven by pandemic tailwinds are driving not only... Read the Full Story |
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Transportation | |
Strong Results Power J.B. Hunt To New High
J.B. Hunt (NASDAQ: JBHT) is proof that the troubles plaguing the global supply chain are ultimately a good thing, at least for some companies. While these issues are having an impact on results, results are strong and driven by incredibly high demand acr... Read the Full Story |
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The Early Bird Stock Of The Day GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services. It serves cloud service providers, large Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. GDS Holdings Limited was founded in 2001 and is headquartered in Shanghai, the People's Republic of China. | | View Today's Stock Pick |
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