Good MorningU.S. equities trading turned sour on Wednesday despite better than expected earnings from the broad majority of S&P 500 companies. The new concern comes from Capital Hill in the form of possible tax increases on the wealthy. The latest proposal to hit the table isn’t new but it is controversial. Democrats want to tax unrealized gains on stocks and other assets effectively creating an annual must-sell environment for investors.
As dark as the tax cloud is, the real risk for the market is still tomorrow’s PCE price index. The market is still expecting PCE prices to moderate on a month-to-month basis even though the constant among earnings reports is higher prices. If the PCE price index comes in much hotter than expected it would reaffirm the need for higher interest rates and possibly put an end to the stock market rally.
Featured: The case for trading fewer setups, not more (Ad) 
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Markets | |
To some people, the idea that giving money away attracts wealth seems like a lot of hokum, but others firmly believe that living a life of abundance can make you a millionaire.
When you give back, the argument is that this type of abundant act flows back toward you. Not only do you feel good, you... 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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Retail/Wholesale | |
McDonald’s Exceeds All Expectations
Given the state of today’s labor market, it is truly surprising to see McDonald’s (NYSE: MCD) not only meet the consensus estimates for revenue but blow right through them. The company is a testament to the idea that bigger is better as it ha... Read the Full Story |
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Energy | |
Hydrogen fuel cell technology provider FuelCell Energy (NASDAQ: FCEL) stock put in a bottom after falling more than (-75%) off its yearly highs of $20.97 made in February 2021. The pandemic winner was lifted on the clean and renewable energy hype and momentum driven momentum from the global decarb... 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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Energy | |
Lithium technology and development company Standard Lithium (NYSE: SLI) stock has been on a tear this year trading up over 500%. This little-known company is testing a carbon capture technology in addition to a patent-pending lithium extraction process (LiSTR) that can improve both the purity and ... Read the Full Story |
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Energy | |
These 3 Stocks Could Be in for a Big November
As we head into the month of November, many investors are trying to digest some of the latest earnings releases from the biggest names in the market and want to determine if an end-of-year rally is on the cards. With markets trading around all-time hi... 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 | |
The Analysts Are Gushing Over These 3 Tech Stocks
Big tech started reporting earnings this week and so far the best word to describe the results is “blowout”. Not only are COVID-19 tailwinds still blowing but secular trends in tech remain strong. What this means for us today is a rou... Read the Full Story |
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Construction | | Helios Technology (NASDAQ: HLIO), which develops and manufactures hydraulic and electronic control solutions for various markets, has notched a year-to-date return of 70.18%.
Sarasota, Florida-based Helios is hovering just on the cusp between small- and mid-cap, with a market capitalization of $2.9... Read the Full Story |
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Basic Materials | |
If stocks trading less than $5 are called penny stocks, then perhaps those under $25 should be called dime stocks or nickel stocks. Regardless of what tags we put on low-priced stocks, they are a popular group among retail traders because their perceived gains are bigger.
Generally speaking, ther... Read the Full Story |
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Technology | |
ADP Breaks Out To New High
ADP (NASDAQ: ADP) gives evidence that the phrase “headwinds within the economy” has a different meaning from business to business. While the bulk of S&P 500 companies are exposed to shipping, freight, and materials costs business services companies like... Read the Full Story |
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Technology | |
Logitech Invests In The Future
Logitech (NASDAQ: LOGI) is one of the more appealing post-pandemic plays to us for many reasons. Not only is the company benefiting from COVID-related trends but it is also benefiting from strong secular trends, sustaining YOY growth in the face of double-digit com... Read the Full Story |
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The Early Bird Stock Of The Day Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as air separation, hydrogen, synthesis, olefin, and natural gas plants. It serves a range of industries, including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. The company was founded in 1879 and is based in Woking, the United Kingdom. | | View Today's Stock Pick |
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