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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Medical | | 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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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 | | 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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Consumer Discretionary | | 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 | | 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.
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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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Business Services | | 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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Transportation | |
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 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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