Good MorningEquity traders started the week on a sour note pushing the S&P 500 down nearly 2.0% at the low of the day. The move set a new low for the correction and increases the odds of a deeper correction but support is still present at the 4,300 level. So long as this level holds as support there is a greater chance the index will hit a new high rather than move lower in a sustained fashion.
The biggest risk for the market this week is the NFP report on Friday. The NFP report is expected to show a strong 400,000 jobs created in September and the risk is to the upside. Federal unemployment subsidies ran out early in the month and should result in a flood of hiring. The JOLTs report still indicates upward of 10.5 million job openings in the US.
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Politics | | | An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under congressional scrutiny and sharp criticism from outside the central bank Read the Full Story |
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Tech | | | Technology companies led a broad slide for stocks on Wall Street Monday, as rising bond yields and energy prices stoked investors' concerns about higher inflation.
The S&P 500 fell 1.3%, the Dow Jones Industrial Average dropped 0.9% and the tech-heavy Nasdaq lost 2.1%.
... Read the Full Story |
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Tech | | | Stocks are closing lower Monday as big technology companies such as Apple and Microsoft take losses. The S&P 500 fell 1.3% while the tech-heavy Nasdaq dropped 2.1%. Meanwhile, the price of U.S. oil rose to $77.62 per barrel, the highest close since 2014, as OPEC and allied oil producers stuck to... Read the Full Story |
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Tech | | | Shares have fallen in Asia after a broad slide on Wall Street led by technology companies.
Tokyo’s Nikkei dropped 3%, while oil prices edged higher.
China-U.S. tensions regained the spotlight after U.S. Trade Representative Katherine Tai said she plans frank conversat... Read the Full Story |
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Markets | | | Downgrades aren’t events we relish in the stocks we follow but they do often present opportunities that can be used to advantage. Take, for instance, downgrades driven not so much by a deterioration of business but by the size and scope of that business. Read the Full Story |
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Politics | | | President Joe Biden on Monday urged Republican senators to “get out of the way” and let Democrats suspend the nation’s debt limit, hoping to keep the U.S. government from bumping dangerously close to a credit default as Senate Republican Leader Mitch McConnell refuses to lend his party’s help.
... Read the Full Story |
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Stocks | | | With the S&P 500 gripped with fear and deep into a corrective action a question on the minds of many investors is where to put money in Q4. While the market is plagued by woes stemming from rising fuel costs, raw material inflation, freight shortages, and labor issues these headwinds have a silver lining. Read the Full Story |
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Stocks | | | If you’re looking for an industry that is set to thrive following the pandemic, regional banks are a great area of the market to check out. Companies operating in the sector tend to be more sensitive to economic activity and upticks in loan activity, which both should be bouncing back in the c... Read the Full Story |
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Stocks | | | Sporting goods retailer Big 5 Sporting Goods (NASDAQ: BGFV) shares have been both a pre and post-pandemic winner as shares grinded to multiyear highs $37.75 on June 3, 2021 and has since been pulling back. Read the Full Story |
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Markets | | |
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The Early Bird Stock Of The Day Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, building management, refrigeration, integrated electronic security, integrated fire detection and suppression systems, and fire protection and security products for commercial, industrial, retail, small business, institutional, and governmental customers. It also provides energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven smart building solutions to non-residential building and industrial applications. In addition, the company offers control software and software services for residential and commercial applications. Johnson Controls International plc was incorporated in 1885 and is headquartered in Cork, Ireland. | | View Today's Stock Pick |
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