Good MorningEquity markets tumbled last week but regained their footing by the end of the week. The S&P 500 fell 3.25% at the low of the week to break the 4,300 level but bounced back on Friday to confirm support. The market decline was driven by the rising fears of inflation and systemic challenges reported by the vast majority of company’s. The risk for the market now is that the earnings outlook will continue to deteriorate as we move into the peak of the Q3 earnings reporting season.
This week also brings the September read on job creation. The latest report of unemployment claims suggests the September NFP could be well over 1 million and possibly 2 million net new jobs created. Regardless, the NFP is expected to produce a solid gain in jobs which is some much-needed good news because labor shortages are a driving concern market-wide.
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When it comes to rooting for professional sports teams, hopping on the bandwagon generally has negative connotations. It can be associated with a lack of ingenuity and a simple-minded herd following.
In stock investing, hopping on the bandwagon can be an effective strategy. In fact, it has its ow... Read the Full Story |
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Tech | | | After flourishing for two decades with little regulation, China’s internet industries face a future of tighter control by the ruling Communist Party and pressure to pay for its tech ambitions, social welfare and propaganda Read the Full Story |
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Markets | | | Robotic medical equipment maker Intuitive Surgical (NASDAQ: ISRG) is correcting below its September 8 high of $1087.01. Analysts are eyeing double-digit earnings growth in 2021 and 2022, after a slowdown in 2020. Read the Full Story |
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Politics | | | Shares in troubled real estate developer China Evergrande Group and its property management unit Evergrande Property Services were suspended from trading in Hong Kong on Monday as investors awaited the next steps in the saga of its debt crisis.
Cailian, a Chinese online news service ... Read the Full Story |
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Markets | | | Not a single hurricane has hit Puerto Rico this year, but hundreds of thousands of people in the U.S. territory feel like they’re living in the aftermath of a major storm: Students do homework by the light of dying cellphones Read the Full Story |
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Tech | | | Tesla says it delivered 241,300 electric vehicles in the third quarter even as it wrestled with a global shortage of computer chips that has hit the entire auto industry.
The Palo Alto, California, company's sales from July through September beat Wall Street estimates of 227,000 sales... Read the Full Story |
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Politics | | | JACKSON, Miss. -- The leader of a Mississippi pediatricians’ organization is urging school districts to keep mask mandates in place to slow the spread of COVID-19.
Dr. Anita Henderson of Hattiesburg is president of the Mississippi Chapter of the American Academy of Pediatrics. She sa... Read the Full Story |
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Markets | | | Airline carrier American Airlines Group, Inc. (NYSE: AAL) stock has been recovering during the reopening trend in the post-pandemic era. Shares have seen a resurgence recently on the advent of the Merck (NYSE: MRK) Covid-19 treatment drug that holds the promise of cutting the death rate for hospital... Read the Full Story |
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Markets | | | Luxury consumer apparel and accessories producer Tapestry (NYSE: TPR) shares has been declining despite a solid fiscal Q4 2021 earnings report that saw 60% YoY growth in Mainland China and triple digit full-year global digital gains. Read the Full Story |
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Today, the Free Application for Federal Student Aid (FAFSA) opens. If you have a high school senior at home and plan to help him or her pay for college, you need to file the FAFSA. Even if you can fill an Olympic-sized swimming pool with all of your $100 bills, you should file the FAFSA. (Read: Ev... Read the Full Story |
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The Early Bird Stock Of The Day Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods. In addition, the company operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks; develops and sells a range of apparel and accessories; and operates franchised and owned Ferrari stores. The company also sells its products through a network of authorized dealers operating points of sale, as well as through its website. The company was founded in 1947 and is headquartered in Maranello, Italy. | | View Today's Stock Pick |
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