Good MorningU.S. equities extended their rebound on Wednesday aided by a more dovish than expected statement from the FOMC. The FOMC says to expect the onset of tapering soon but gave no indication of when or by how much. The real surprise in the statement is the possibility of an interest rate hike in 2022. The market had been pricing in zero chance of rate hike until 2023 but the rapid pace of inflation has drastically altered the economic environment.
Although the market is rebounding it is not yet out of the woods. The few earnings reports released this week reveal an underlying problem within the market that will most likely cause the major indices to continue correcting. Results from Lennar and Federal Express reveal inflation is taking a bite out of results. If the consensus outlook for S&P 500 earnings growth begins to contract the market will contract with it.
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Healthcare | | Biotech stocks are a polarizing area of the market for many investors. On one hand, these companies have the potential to develop life-changing products that can lead to massive price upside for investors. On the other, investors are always at the mercy of FDA approvals and headlines which can expos... 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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Markets | | I'm not usually interested in beaten-down companies, especially those whose injuries are largely self-inflicted, but Lordstown Motors (NASDAQ: RIDE), which caused its own stumbles, may be showing signs of life.
The electric vehicle maker went public via a SPAC in August, 2020. The stock traded in ... Read the Full Story |
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Markets | |
You've probably heard the oft-quoted "half of all marriages end in divorce" statistic.
But in reality, on the whole, divorce is on the decline in the United States and has been since the 1980s. (The accurate 50% divorce statistic actually comes from that era.) Experts now say that the actual div... 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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Consumer Staples | | Shares of Spectrum Brands Holdings (NYSE: SPB) gave up some gains after the stock's 17.79% rocket ride on September 8.
Even so, the stock is still holding near its high of $97.83, reached that day on the heels of a $4.3 billion deal to sell its hardware and home improvement business to Sweden's ASS... Read the Full Story |
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Technology | |
Adobe Sinks Like A Brick After Q3 Results
Adobe’s (NASDAQ: ADBE) results for the 3rd quarter ensure the 3rd quarter earnings cycle is going to be an interesting one. Only two days after Wells Fargo analysts called the stock out as a crown jewel among blue-chip tech stocks the company repor... 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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Markets | | Smart TV maker Vizio (NASDAQ: VZIO) stock is an under-the-radar play as a streaming platform and early holiday sales demand. The maker of value Smart TVs also operates its Platform+ which includes its SmartCast operating system integrated into each television set. The Company is transitioning toward... Read the Full Story |
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Industrials | | Professional development and certification platform Skillsoft (NYSE: SKIL) stock has been a key reopening and return to work benefactor. The provider of professional development and coaching services is a post-pandemic winner as workers not only return to work but seek higher-paying opportunities wi... Read the Full Story |
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Markets | |
Time flies when you’re having fun. For many stock investors 2021 has been another year to remember with the major indices up yet again.
It’s hard to believe we are a week away from entering the fourth quarter. Time to start getting ready for the holiday season. For investors it’... Read the Full Story |
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Consumer Staples | |
Consumer Staples Bluechip General Mills Outperforms
If General Mills (NYSE: GIS) fiscal Q1 results are foreshadowing results within the consumer staples sector the way that we think results from Federal Express (NYSE: FDX) and Lennar (NYSE: LEN) are foreshadowing results for the broader market, t... Read the Full Story |
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Industrials | |
Inflation Puts A Dent In The FedEx Earnings Outlook
FedEx's (NYSE: FDX) earnings foreshadow a weak S&P 500 Q3 earnings season. It's still many weeks before the peak of the third-quarter earnings season but this week has been a pivotal moment for the market. FedEx, and S&P 500 peer Lennar... Read the Full Story |
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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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