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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Materials | |
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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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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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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Healthcare | |
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 | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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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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Consumer Discretionary | |
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 | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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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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Industrials | |
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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Industrials | |
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 Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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