Good MorningEquity trading got off to a wobbly start this week but traders quickly got into a rhythm of buying. The S&P 500 moved up more than a half percent on Monday and set a new all-time high on better than expected earnings and hopes for more of the same. Monday’s action was driven primarily by results from Tesla which not only beat on the top and bottom line but announced another price increase that promises to boost profitability.
This is going to be a busy week for the market with over 164 S&P 500 companies slated to report earnings. If there is going to be a big surprise, this is the week the market will get it. The biggest risk, however, isn’t until Friday when the PCE price index is released. Core consumer inflation is expected to fall to 0.2% MOM and there is a very high risk the number will be hot.
Featured: The case for trading fewer setups, not more (Ad) 
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Auto/Tires/Trucks | |
Recreational vehicle (RV) manufacturer Winnebago Industries (NYSE: WGO) shares have been retreating since posting strong fiscal Q4 fiscal 2021 earnings. Despite the record top line and bottom line $0.52 per share earnings beat, the stock sold off over (-10%) of its recent highs. The pandemic winne... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Finance | |
Shares of global financial giant American Express (NYSE: AXP) were trading lower Monday, following Friday's 5.41% gap higher, on the heels of third-quarter results that beat top- and bottom-line views.
Earnings came in at $2.27 per share, up 75% from the year-earlier quarter. According to MarketB... Read the Full Story |
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Basic Materials | |
These Materials Stocks Can Protect Investors From Inflation
Exploring areas of the market that don’t get a lot of attention from the majority of investors can be a rewarding strategy, especially if you can pick up on a sector that is showing relative strength. For example, stocks in the ma... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Consumer Staples | |
Kimberly-Clark Says Toilet Paper Is Getting More Expensive
Kimberly-Clark (NYSE: KMB) didn’t have a good or a bad quarter, just one that highlights issues that are building within the market. The number one is inflation. The company blames inflationary pressures it was slow to combat for w... Read the Full Story |
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Markets | |
No matter how you save your money — whether you go for a retirement fund, mutual fund or another method to build up your nest egg — you know the IRS will eventually want its cut.
You may have a hazy idea that you need to protect your money, but without understanding exactly how to do... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Technology | | Who doesn’t like the idea of growth in their portfolio?
Certainly, for investors with a more aggressive bent, it’s a more appealing notion than “value.” Although the research of Eugene Fama and Kenneth French, which yielded the three-factor model, shows that value and small ... Read the Full Story |
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Retail/Wholesale | |
High-Yield Restaurant Brands Is Ripe For Reversal
Restaurant Brands International (NYSE: QSR) is a uniquely organized restaurant corporation with both dine-in and fast-food establishments in the mix. This positioned it well for the pandemic because strength in one was able to offset weakness in ... Read the Full Story |
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Construction | |
Demand For Lennox Offset By Supply Chain Issues
Lennox International (NYSE: LII) is evidence the systemic issues plaguing the market are not something to be ignored. While the average S&P 500 company is still beating the consensus figures that is not true across the market. Companies like Len... Read the Full Story |
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Energy | |
With third-quarter earnings season in full swing, it’s a great to time to look for swing trades.
Swing trades are the Goldilocks of the trading world. They are not as ‘in-and-out as day trading but have a much shorter time horizon than long-term buy-and-hold strategies. Typically, fro... Read the Full Story |
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Auto/Tires/Trucks | |
Tesla Wow’s Market With Q3 Results
Love him or hate him, Elon Musk has taken Tesla (NASDAQ: TSLA) to new heights and the climb has only just begun. While the EV story here on earth is a compelling driver of the stock’s value, in our opinion it is the Mars angle that will keep it movi... Read the Full Story |
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The Early Bird Stock Of The Day Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services. It also engages in the retail origination and purchase of residential mortgages; and provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations, as well as asset-based lending for middle-market companies. In addition, this segment offers loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. It provides personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional clients. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services; other specialty finance services; equipment financing through structured loan and lease products; and property and casualty premium financing; as well as data processing of payrolls, billing, and cash management services to temporary staffing industry. The Wealth Management segment provides wealth management services, such as trust and investment, asset management, tax-deferred exchange, securities brokerage, and retirement plan services. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois. | | View Today's Stock Pick |
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