Good MorningEquities continue to melt upward on better than expected earnings. Tuesday’s list of reports included strong results from Clorox and Rockwell Automation which also included a favorable outlook for earnings. The takeaway for investors and non-investors alike is that much of the earnings growth expected by the S&P 500 is due to inflation. The average S&P 500 company has engaged in multiple price hikes since the start of the year and more are on the way.
The FOMC is meeting today and will release the latest policy statement this afternoon. There is a high expectation the Fed will announce the start of taper and may also indicate a faster pace of tapering than what the market is expecting. With inflation apparently running rampant it is a wonder the FOMC has not already begun to taper.
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Markets | |
A common question: Should you pay off your mortgage before you retire?
A less common question: Should you retire, then pay off your mortgage?
If you've hemmed and hawed over the benefits of paying off your mortgage versus keeping it, you're not alone. In fact, you might whip back and forth betwe... 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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Consumer Staples | | Target (NYSE: TGT) has been forming a cup-shaped base since August 11, when it retreated from the a session high of $267.06.
It’s been trading in a tight sideways pattern since October 25, and may possibly form a handle below resistance at $261.80.
The current formation is a second-stage b... Read the Full Story |
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Technology | |
Earnings Will Continue to Propel Paycom Stock Higher
There are many reasons that investors could look at Paycom (NYSE: PAYC) and think it’s better to stay away. PAYC stock is up 21% for the year which closely approximates the 24% gain in the S&P 500. However, the stock is up nearly 162... 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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Finance | |
Insider trading occurs across the capitalization spectrum and in just about every industry. Some of the most eye-opening activity takes place in the technology sector where higher volatility and a steady stream of initial public offerings (IPOs) produce a lot of activity.
Within the technology sp... Read the Full Story |
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Industrials | |
Rockwell Automation Surges On Record Orders
Rockwell Automation (NYSE: ROK) is a favorite of ours because we believe in the power of automation the company’s ability to generate growth. The company provides industrial automation and digital transformation assistance in a world that is 1) ac... Read the Full Story |
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From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
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Markets | |
LCI Industries Gains Capped By Insider Sales
LCI Industries (NASDAQ: LCII) is one of the best-positioned companies in the market today. The company makes OEM and after-market parts for the RV and adjacent industries and demand for products is robust. Sales in the RV industry are going to top 30%... Read the Full Story |
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Finance | |
Online financial services platforms are everywhere these days with LendingTree (NASDAQ: TREE) and LendingClub (NYSE: LC) two of the most popular. Like many other industries, consumer finance is shifting rapidly towards digital technology. This transformation along with expectations of rising inte... Read the Full Story |
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Markets | | At first glance, Simon Property Group (NYSE: SPG) may not have delivered an earnings report worthy of my headline. Yet, SPG stock shot up 5% in the morning after releasing its earnings report after the market closed on November 1, 2021. A closer look reveals that this is not the same company that en... Read the Full Story |
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Energy | |
Midstream Operator The Williams Companies Raises Guidance
The Williams Companies (NYSE: WMB) have proved the U.S. midstream operators are not only immune to the global supply chain issues but benefiting from higher prices as well. The company reported record volume and contracted capacity for th... Read the Full Story |
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Consumer Discretionary | | Western apparel retailer Boot Barn (NYSE: BOOT) kicked up its heels last week, reporting fiscal second-quarter earnings of $1.22 per share, up 510% from the year-ago quarter.
Those earnings also trounced analysts' views of $0.94 per share
Revenue was $312.7 million, ahead of views calling for $289... Read the Full Story |
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The Early Bird Stock Of The Day NovoCure Limited, an oncology company, engages in the development, manufacture, and commercialization of tumor treating fields (TTFields) devices for the treatment of solid tumor cancers in the United States, Germany, Japan, Greater China, and internationally. The company's TTFields devices include Optune Gio and Optune Lua. It also has ongoing clinical trials investigating TTFields in brain metastases, gastric cancer, glioblastoma, liver cancer, non-small cell lung cancer, pancreatic cancer, and ovarian cancer. NovoCure Limited was incorporated in 2000 and is headquartered in Saint Helier, Jersey. | | View Today's Stock Pick |
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