Good MorningEquity markets tried to rebound on Tuesday but the move was weak and without conviction. All eyes are on the FOMC and its policy decision scheduled to be announced this afternoon. The committee is not expected to alter its policy but is expected to indicate when and by how much the taper would begin. The S&P 500 gained about 0.5% at the high of the day but closed well off the high.
Regardless of the FOMC decision inflation is a problem for the market. A few S&P 500 companies have already indicated the negative impact of rising prices and have guided accordingly. Lennar stands out as one deeply impacted after reporting revenue well below the analyst’s consensus. Lennar execs say the miss in revenue is due to “unprecedented supply chain challenges” that are expected to linger into the “foreseeable future”.
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Consumer Discretionary | | Cruise ship operator Carnival Corporation (NYSE: CCL) stock has given a nice pullback since peaking around $31.46 on the reopening momentum. The travel and leisure was an epicenter sector during the pandemic and has seen a surge and subsequent sell-off with the normalization of travel with the accel... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Staples | |
Analysts Rethink Their Consumer Staples Holdings
With the 3rd quarter earning cycle and the end of the calendar 3rd quarter fast approaching it's past time for investors to consider their positions for the 4th quarter. Interestingly, Marketbeat.com data reveals analyst activity in one of our favo... Read the Full Story |
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Markets | |
Even if you don't write them down, you probably have some financial goals — you know, save for a vacation, push money into a college fund, shovel money toward your retirement.
Even if you're not normally goal-oriented, it's to your advantage to put a lot of thought into how you'll prioriti... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Technology | |
Actions speak louder than words. That’s how you can describe the significance of the top-rated MarketBeat stocks. The objective is to direct our subscribers to popular stocks that MarketBeat users have added to their watchlist and the stocks that have a high number of search queries on Marke... Read the Full Story |
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Technology | | Cloud-based commerce platform Lightspeed (NYSE: LSPD) is an exceptional revenue growth leader, showing growth acceleration in the past four quarters.
Even before the broader market pulled back sharply on Monday, the stock had been trading in an erratic fashion, in tandem with the prior week’s... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Materials | |
The stock market version of an NFL opening kickoff, Alcoa (NYSE: AA) often gets the party started when it comes to quarterly earnings season.
Lately, the global leader in aluminum products has kicked earnings seasons off with a bang thanks to a surge in metal prices. In fact, Alcoa has topped ear... Read the Full Story |
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Consumer Discretionary | |
Insider trading activity is one of the most powerful forces in the stock market. Large transactions or even smaller transactions made by influential executives and institutions can have a major impact on where a stock trends. But should all insider trades be considered the holy grail of stock info... Read the Full Story |
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Technology | | When it comes to investing for retirement, it’s hard to argue against targeting conservative equities that pay dividends. That way, investors can build a strong portfolio of companies that take some of the stress out of being exposed to swings in the market. The last thing you want is to watch... Read the Full Story |
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Consumer Discretionary | | With the stock market pulling back sharply over the last few trading sessions, investors would probably expect a high beta technology stock like Tesla (NASDAQ: TSLA) to be down significantly as well. That’s surprisingly not the case, as the electric vehicle company has been showing serious rel... Read the Full Story |
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Consumer Discretionary | |
Cracker Barrel Provides A Robust Outlook
Cracker Barrel (NASDAQ: CBRL) didn't give guidance for fiscal 2023 revenue or earnings. What it did give guidance for was inflation in a range of mid to high-single digits and that's kind of scary for the economy at large. Getting back to the point, Cracke... Read the Full Story |
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The Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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