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.
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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 | | In 1999, George Gilder predicted phones would outpower desktop computers. Apple's iPhone followed, and the stock climbed 12,107 percent.
He called streaming video over Blockbuster in 1990 and flagged an obscure online bookshop named Amazon in 1996. Netflix rose 118,823 percent at its peak; Amazon is up 250,300 percent counting splits.
Gilder now points to three converging technologies he calls the Trillion Dollar Triangle, which he believes could outweigh those past breakthroughs combined. | | See the Trillion Dollar Triangle George Gilder is pointing at now |
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Consumer Discretionary | |
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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Industrials | |
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 | | President Trump says America is building wealth again, and the U.S. Treasury calls the economy under his administration strong.
But markets still fluctuate, companies still miss expectations, and a major loss late in your career can be harder to recover from than one at age 40.
Physical gold offers protection that does not depend on market momentum, corporate earnings, or consumer spending. | | Download the free 2026 Wealth Preservation Guide to protect your retirement savings |
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Materials | |
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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Technology | |
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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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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Industrials | | 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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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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Industrials | |
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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