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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Consumer Discretionary | | Luxury consumer apparel and accessories producer Tapestry (NYSE: TPR) shares have 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. The high-end retail manufacturer of brands includes Coach, Kate S... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Healthcare | | Robotic medical equipment maker Intuitive Surgical (NASDAQ: ISRG) is correcting below its September 8 high of $1087.01. So far, it's holding well above the structure low of $797.71 from its most recent base, which formed between April and June.
The stock is also finding support above a July 19 sess... Read the Full Story |
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Energy | |
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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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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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 | |
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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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Markets | |
Visual social media lifestyle brand platform Pinterest (NYSE: PINS) stock has been devastated by its earnings shortfall as the post-pandemic reopening trend is having a negative impact on sentiment. While other social media platforms have been able to weather the reopening, Pinterest is actually t... Read the Full Story |
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Consumer Discretionary | |
Systemic Challenges Weigh On Bassett Furniture Results
Bassett Furniture (NASDAQ: BSET) did not have a bad quarter. The company produced revenue growth, margin expansion, and revealed high demand remains strong within the industry. The problem is that systemic headwinds cut deeply into both the t... Read the Full Story |
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Technology | | Cybersecurity provider SentinelOne (NYSE: S) stock has enjoyed a nice rise upon its public debut this year. Shares of this automated cybersecurity platform as holding above its IPO price but starting to offer some opportunistic pullbacks for prudent investors. The Company provides automated cybersec... Read the Full Story |
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Technology | | September 2021 brought a rude awakening to investors who got accustomed to the S&P 500 moving steadily higher.
The large-cap domestic index was down nearly 5% for the month, following seven months in a row of gains. To put that in context, the last down month was January. Since then, the S&... Read the Full Story |
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Consumer Staples | |
McCormick & Company (NYSE: MKC) confirmed what many consumers already knew. It can be difficult to keep your spice cabinet fully stocked. And it’s about to get more expensive. On the company’s conference call following the release of its earnings report on September 30, McCormick C... 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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