Intuitive Surgical Will Reward Patience, But Is Not a Masterpiece Yet . 3 Tempting Selloffs: Are They Tricks or Treats?. 3 Mid-Caps with Scary Good Upside.
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The Early Bird Newsletter

Friday, October 22nd

S and P pricesDow pricesQQQ prices
Good Morning

Equities held steady at the freshly set all-time highs on Thursday as the market gears up for the true peak of earnings season. While there have been a fair amount of earnings reports delivered it pales in comparison to what the market will get over the next two weeks. Roughly 50% of the S&P 500 will report earnings for the 3rd quarter and set the tone for trading over the next two to three months. So far, a higher number of S&P 500 company’s than average have been beating their estimates but that could quickly change. The real risk, however, is in the guidance and far too many company’s are lowering their targets for earnings.

Next week will also be an important week for economic data. There are not a lot of economic reports out but the most important report of the month comes out on Friday. The monthly read of income and spending includes the Fed’s favored tool for measuring consumer-level inflation, the PCE price index.

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Markets

Intuitive Surgical Will Reward Patience, But Is Not a Masterpiece Yet

Pandemic is Still a Headwind on Revenue for Intuitive Surgical  A few days removed from its third-quarter earnings report, Intuitive Surgical (NASDAQ: ISRG) stock is looking for direction. ISRG stock bounced about 6% after earnings but is trending lower as the week ends. In early Septem...

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From Our Partners

5G Stock CRUSHES Earnings!!

Wall Street is loading up on shares of one 5G SuperStock (26 million shares purchased).

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Stocks

3 Tempting Selloffs: Are They Tricks or Treats?

When a stock sells off, i.e., suffers a sustained downtrend, it can be for good reason. A negative press release or unfavorable industry dynamics are just two examples. Other times the selloff can be overdone. This commonly occurs when market participants overreact to negative near-term news and ...

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Stocks

3 Mid-Caps with Scary Good Upside

The classic investment adage “no risk, no reward” has several variants but they all convey the same message. There is a direct correlation between the level of risk in an investment and its expected return. This rule applies when it comes to moving up and down the capitalization spect...

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From Our Partners

Billionaires Are Dropping Oil for “American Energy”

As oil markets struggle, billionaires bet on “American Energy.” Learn how to claim your early stake on a tech that’s bigger than “green.”

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Markets

Asian shares mixed after S&P 500 squeaks to new record high

Asian shares were mixed Friday after a late-in-the-day wave of buying pushed the S&P 500 to a fresh record high. Benchmarks rose in Hong Kong and Tokyo but fell in Sydney and Shanghai. An official newspaper, the Securities Times, said China Evergrande Group made an...

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Markets

Time to Buy Apollo Global Management Stock

Private equity firm Apollo Global Management (NYSE: APO) stock has been in a solid uptrend since recovering from its pandemic lows as it continues to all-time highs. This alternative asset manager operates over 150 companies including Chipotle (NYSE: CMG) competitor Qdoba in addition to its real e...

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From Our Partners

Wall Street legend warns “A strange day is coming”

A massive and surprising new transition could soon impact the wealth of thousands, while leaving everyone else worse off than before.

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Markets

Global shares mostly higher after S&P 500 hits new record

Shares were mostly higher in Europe on Friday after a mixed session in Asia. Benchmarks rose in Paris, London, Tokyo and Hong Kong. Shares fell in Shanghai and Seoul. An official newspaper, the Securities Times, and other state media said China Evergrande Group made a...

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Politics

Japan OKs plan to push clean energy, nuclear to cut carbon

Japan adopted a new energy policy on Friday that promotes nuclear and renewables as sources of clean energy to achieve the country’s pledge of reaching carbon neutrality in 2050. The new basic energy plan, adopted by the Cabinet just in time for the climate summit in early November, c...

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Markets

Report: Struggling Chinese developer makes bond payment

An official Chinese newspaper says a troubled developer whose struggle to avoid a multibillion-dollar debt default is rattling global financial markets has wired $83.5 million to make an overdue payment to foreign bondholders

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Politics

California plan to ban community oil drilling far from final

California Gov. Gavin Newsom's plan to ban new oil and gas wells within 3,200 feet of neighborhood sites is drawing cautious optimism from environmental groups but strong pushback from the oil industry and its labor allies

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Markets

Snap-on Falls On Lackluster Guidance 

If there is one thing the market needs from Snap-on (NYSE: SNA) and other globally oriented companies is a little reassurance in the supply chain. While Snap-on did not give any specific guidance the lack of details is less than reassuring in a world where supply disruptions, inflation, and labor shortages are impacting both the top and bottom lines.

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The Early Bird Stock Of The Day

Asana, Inc.

Asana, Inc.

Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. It provides a work management platform as software as service that enables individuals and teams to get work done faster while enhancing employee engagement by allowing everyone to see how their work connects to the mission of an organization. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

Learn more

The Early Bird is a daily email newsletter powered by MarketBeat that covers the top stories that will impact the stock market each day. Read your copy every morning at 7:00 AM Eastern so that you can "catch the worm" when the market opens.

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