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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Energy | |
Supply Chain Woes Or Opportunity?
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 la... Read the Full Story |
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From Our Partners | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
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Industrials | |
When Business Is So Good ...
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. In tod... Read the Full Story |
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Markets | | 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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From Our Partners | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Markets | |
What does it take to save enough for retirement? Does it take Buffett-level knowledge of the markets? An uncanny ability to understand dividend income?
Not necessarily. It takes just some basic knowledge and dedication (and a little bit of know-how) to successfully save for retirement.
You mig... Read the Full Story |
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Consumer Discretionary | |
Sporting goods retailer Big 5 Sporting Goods (NASDAQ: BGFV) shares have been both a pre and post-pandemic winner as shares ground to multiyear highs $37.75 on June 3, 2021 and has since been pulling back. The pullbacks have dropped its price-earnings (P/E) ratio to just under 6. Sports and athleis... Read the Full Story |
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From Our Partners | | Unitree's IPO grabbed headlines, but a handful of already-public robotics companies have been quietly delivering results that look nothing like hype.
One robotics-and-testing firm grew quarterly revenue from $686 million to $1.282 billion year over year and broke out above a $422.11 buy point. A warehouse robotics company exited the quarter with a $22.7 billion backlog and $2.0 billion in cash with no debt. A robotic surgery leader placed 431 systems in a single quarter. | | Get the free robotics stock report now. |
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Markets | | Entertainment products and content company Hasbro, Inc. (NYSE: HAS) shares spiked as high as $104.89 on an impressive Q2 2021 earnings release but have since cratered over (-10%) on fears of supply chain disruptions. The Company finally turned around its divisions as all three segments showed growth... Read the Full Story |
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Communication Services | |
WallStreetBets has been a popular forum for retail investors since 2010. The group (known as a subreddit) shares a common passion for high-risk trades which frequently includes focusing on stocks with a high short-selling risk. This group became a household name in 2020 and that’s why Market... Read the Full Story |
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Markets | |
What Will The September NFP Data Tell Us?
There has been a debate raging in both political and business circles that is about to be answered. The question? How are Federal unemployment subsidies enacted in the wake of the COVID-19 pandemic impacting labor markets now? On one side of the argument... Read the Full Story |
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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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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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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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