Good MorningEquities sold off again on Monday as fears of a major recession grow. Not only was there hawkish Fed commentary to move the market but JPMorgan CEO Jamie Dimon is once again predicting a recession. He says the US will fall into recession within 6 to 9 months and that it could take the S&P 500 down another 20% or more. On the flip side, Fed president Lael Brainard thinks there are already signs of improvement within the economy and those comments helped the S&P 500 close off the lows of the session.
This week's hurdle for the market is still to come, however, with the PPI and CPI both due out later this week. The market is expecting to see core consumer inflation cool on a month-to-month and YOY basis and it may be disappointed. The last read on PCE prices showed a surprise increase and there are still indications of rising prices from within the S&P 500 itself. A hot number would be bad for the market and could lead it to set a new low by the end of the week. Featured: This Single Fund Owns Every Major AI Stock and Pays Weekly (Ad) 
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Industrials | |
Kate’s guest on The MarketBeat Podcast this week is Brian Mulberry, client portfolio manager at Zacks Investment Management. Brian brings three large-cap ideas today and discusses why one utility may have potential beyond the traditional role of a dividend payer. He also discusses why a very... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Healthcare | |
One the worst performing and least-traded groups of 2022, the cannabis sector has suddenly caught fire.
The spark that has investors dabbling in weed stocks again was not a blockbuster earnings report or social media hype. Instead, it came from President Joe Biden.
On Thursday, Biden announced s... Read the Full Story |
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Consumer Staples | | Packaged food and beverage maker Campbell soup stock is one of the rare stocks that remains green for the year, up 6.5% versus the SPDR S&P 500 ETF (NYSEARCA: SPY), which is down -24% in 2022. The Campbell Soup Company (NYSE: CPB) has expanded its products beyond soup, enabling it to appeal to c... 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 | | Global media entertainment giant Paramount Global (NASDAQ: PARA) has undergone an image makeover and rebranding after its stock collapsed as ViacomCBS. Hoping to shed its controversial past with the Redstone family drama and the Archegos Capital Management $20 billion blowup, the company has emerged... Read the Full Story |
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Consumer Discretionary | |
Levi Strauss (NYSE: LEVI) had a challenging quarter and if forecasting more of the same for itself if not for names like Ralph Lauren, V.F. Corporation (NYSE: VFC), or PVH Corp (NYSE: PVH). Supply chain and FX headwinds are cutting into the top and bottom line resulting in weak results and a cut ... 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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Consumer Discretionary | |
Tesla Inc. (NASDAQ: TSLA), the undisputed electric vehicle (EV) heavyweight, has taken its share of punches.
A series of negative headlines have dragged the stock to its lowest level since the 3-for-1 split and down more than 30% year-to-date. The elevated trading volume during the downturn sugg... Read the Full Story |
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Consumer Staples | |
Pre-packaged global food and snacks brand Hormel Foods (NYSE: HRL) has seen its top and bottom lines surge from the pandemic as consumers stockpiled endless amounts of its products, especially Spam. Spam has earned a not-so-flattering meaning as in sending out unsolicited and unwanted e-mails or d... Read the Full Story |
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Consumer Staples | | Consumer cleaning products maker Clorox (NYSE: CLX) stock skyrocketed during the pandemic from unprecedented demand for its cleaning supplies but have since fallen below pandemic levels. While a reversion from its nosebleed levels is to be expected, investors ponder if the Mr. Market has overly puni... Read the Full Story |
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Markets | | On September 27, 2022, the British pound sterling fell (-3.5%) to $1.084 hitting 37-year lows against the U.S. dollar. The pound tumbled further to a low of $1.0350 after U.K. Chancellor of Exchequer commented two days later there would be “more to come” in regard to the misguided econom... Read the Full Story |
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Finance | | Large-cap financials such as JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) rallied early this week along with the broader market, while some smaller bank stocks, like First Citizens Bancshares (NASDAQ: FCNCA), have been outpacing the wider sector.
First Citiz... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Lamb Weston Holdings, Inc. produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels. The company also provides its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers' own brands. In addition, it engages in the vegetable and dairy businesses. The company sells its products through a network of internal sales personnel and independent brokers, agents, and distributors to chain restaurants, wholesale, grocery, mass merchants, club and specialty retailers, businesses, educational institutions, independent restaurants, regional chain restaurants, and convenience stores. Lamb Weston Holdings, Inc. was incorporated in 1950 and is headquartered in Eagle, Idaho. | | View Today's Stock Pick |
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