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 | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Multi-Sector Conglomerates | |
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 | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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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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Retail/Wholesale | |
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 | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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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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Consumer Discretionary | |
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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Retail/Wholesale | | 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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Medical | | 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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