Good MorningEquity markets rebounded on Wednesday gaining roughly 0.75% at the highs of the session. The move puts an end to a 7-session streak of losses that have shaved nearly 2.5% from the S&P 500. If the market can maintain its footing at this level the uptrend will remain intact. If not the market could be in for another 1% to 9% correction before the end of the month.
Wednesday trading was supported by better than expected data from the manufacturing sector. The New York Empire State manufacturing index rose unexpectedly and doubled the expectation on an increase in new orders, backlogs, and deliveries. The news bodes well for economic activity in the 3rd quarter but is only one of the dozens of reports for the market to digest such as the August read on retail sales. Retail sales are expected to decline from the previous year, the question is by how much?
Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Industrials | | TopBuild Corp (NYSE: BLD) is among the leaders in the building supply industry, as demand from new construction and remodeling projects remains strong.
TopBuild broke out of a cup-with-handle base on September 9, clearing a buy point above $229.89 in volume 156% heavier than normal. Trading volume ... 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 Discretionary | | Iconic fast-casual restaurant chain Denny’s, Inc. (NASDAQ: DENN) stock has rallied off its last earning sell-off as it bumps up against the $16.66 resistance level setting up a daily make or break resolution. The iconic diner franchise was hit hard with the rest of the travel and hospitality i... Read the Full Story |
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Markets | | Video communications platform Zoom Video (NYSE: ZM) stock has been the face of work and engagement from home during the pandemic but continues to sell off on post-pandemic normalization fears. Fears of a slow down in growth were noticeably illustrated in the share sell-off after Q2 fiscal 2022 earni... 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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Markets | |
Heading into job sunset soon? Whether you've been planning your exit from the workforce for decades or decided on a whim that you'd be ready to rush toward the door the day you turn 60 (or will wait until you're 67), you want to make sure you're not making some common mistakes.
Since the mid-1990... Read the Full Story |
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Technology | |
Dividend stocks should hold a place in every investor’s portfolio. Even if you don’t intend to use the dividend payout as regular income, the ability to reinvest dividends is like giving yourself a raise every quarter.
As with any investment, not all dividend stocks are the same. The... Read the Full Story |
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From Our Partners | | Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experiment called Project Prophet - and documented everything on film.
Rooted in the laws of physics, this quantitative approach challenges conventional wealth-building wisdom. With 17 years of verified data behind it, Porter calls it unlike anything he has seen in nearly 30 years in the business. | | Watch the full investigation and decide for yourself |
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Technology | |
The global chip shortage remains one of the biggest stories in the investment community. By now, the reasons for the shortage are well documented. The unanswered question at the moment is when will the shortage end? Some analysts believe supply will be constricted well into 2022 and it may not be ... Read the Full Story |
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Markets | |
Record Demand Drive Results For Weber Inc.
Grill maker Weber Inc. (NYSE: WEBR) made a splash in the market this summer when the company IPO'd. Price action has been vigorous in the wake of the initial sale and we think it will continue to be so. Some iffiness amongst the analysts and a mixed rep... Read the Full Story |
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Industrials | |
FuelCell Energy, Incorporated Is Building Up Steam
If you're looking to put some money to work in the green energy sector, or just into a fabulous microcap growth stock, FuelCell Energy, Inc (NASDAQ: FCEL) is a good target. The company makes, markets, and services a line of hydrogen fuel-cell app... Read the Full Story |
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Healthcare | | Whenever the stock market falters and goes through a period of weakness like we have seen thus far in September, there are two things that investors should do. First, they should reflect on the companies that they own and decide whether or not to reduce their exposure to underperformers that might r... Read the Full Story |
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Finance | | Artificial intelligence is certainly one of the most fascinating technologies in the world today, as this cutting-edge innovation has so many different applications. Whether it's using machine learning to make companies more efficient, taking advantage of AI to improve consumer finance, or building ... Read the Full Story |
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The Early Bird Stock Of The Day Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission. It serves its products and services to communications service providers, webscales and hyperscalers, digital industries, and government. The company also offers mobile technology products and services for radio access networks and microwave radio links for transport networks, network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, it offers cloud and network services, including core network solutions, such as voice and packet core; business applications, such as security, automation, and monetization; cloud and cognitive services; and enterprise solutions, including private wireless and industrial automation. Further, the company licenses intellectual property, including patents, technologies, and the Nokia brand. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland. | | View Today's Stock Pick |
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