Good MorningEquities were cautious on Wednesday ahead of the FOMC announcement and press conference but quickly found solid footing in the wake of the release. The FOMC decided to begin the taper with an incremental $15 billion reduction per month until the middle of next year. Fed Chief Jerome Powell says the trajectory of the taper is not set in stone and could be adjusted at any time.
Investors should take that to mean tapering may accelerate over the next few months along with the inflation data. Inflation is still rising unchecked and there is little sign within the economy those pressures are subsiding. Even when they do, there is no guarantee retailers and merchants will lower their prices to match. The next big hurdle of the week is the NFP report on Friday. If the NFP is in-line with the ADP report jobs should come in the range of 550,000 to 600,000.
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Consumer Staples | |
A Classic Entry Signal For Scotts Miracle-Gro
Scotts Miracle-Gro (NYSE: SMG) reported a double-digit decline in YOY sales but that is the only negative thing we can say about the report. The company beat on all other metrics and indicated strong demand for products would carry through into next ... Read the Full Story |
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It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Industrials | |
Grow Your Portfolio With SiteOne Landscape Supply
Shares of SiteOne Landscape Supply Company (NYSE: SITE) just set a new all-time high and we are not surprised. The company has been firing on all cylinders and growing at a phenomenal pace despite the pandemic and headwinds within the economy. Th... Read the Full Story |
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Medical | |
Molecular testing biotech Progenity (NASDAQ: PROG) stock was pummeled by the pandemic as its testing revenues were slashed in half. With the acceleration of COVID-19 vaccination, the maker of pregnancy and diagnostic testing kits is seeing revenues improve. The Company has repositioned itself as a... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Industrials | |
By the end of the decade, electric vehicle (EV) charging companies are likely to be household names. Like the Exxon or Chevron gas stations of today, it’ll become second nature for the newest generation of drivers to swing by their favorite charging stations.
Allied Market Research estimate... Read the Full Story |
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Auto/Tires/Trucks | |
Recreational vehicle (RV) maker THOR Industries (NYSE: THO) stock has been selling off on fears of slowing demand and pricing power erosion, despite blowout earnings and a record $16.86 billion backlog. Either the analysts are ahead of the curve or just dead wrong. Recreational and outdoor activit... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Markets | |
Planning to get married? Hopefully you've talked about money.
Never mind the traditional conversations about whether you should have joint bank accounts — what about more complex assets, like stocks, property and who owns your grandpa's restored Packard?
When you've been fortunate enough t... Read the Full Story |
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Business Services | |
Diversifying With These 3 Industrial Stocks Can Be a Winning Strategy
Companies in the industrial sector are essential for keeping the economy rolling and could be in for strong performance going forward as the negative impacts of the pandemic start to subside. While these stocks might not seem a... Read the Full Story |
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Markets | |
After a yearly gain of nearly 30%, does TWNK stock have more runway?
Hostess Brands (NASDAQ: TWNK) was scheduled to report earnings after the market closed on November 3. Instead it will be reporting on Tuesday, November 9 after the closing bell. It’s not entirely unusual for a company to ... Read the Full Story |
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Markets | |
With the holiday shopping season upon us, people are getting in the mood for a good bargain. If you’re an investor, you may also be rummaging through the bargain bin for a low-priced stock that can provide a little extra holiday cheer.
Despite the stock market climbing to new highs this wee... Read the Full Story |
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Transportation | |
Undervalued XPO Logistics Gets Even Cheaper
XPO Logistics (NYSE: XPO) had a great quarter but there are a number of things hanging over the market that has shares moving lower in the wake of the report. The number one, perhaps, is the fact XPO Logistics is a late-reporting company in the realm o... Read the Full Story |
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The Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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