Good MorningEquity markets wavered on Wednesday following some stronger-than-expected inflation data and hawkish commentary from the FOMC. On the inflation front, the PPI index advanced at a 0.4% month-over-month pace to double the expectations and leave the YOY figure up 8.5% from last year and at record levels. In regard to the FOMC, the Fed released the minutes from the last meeting and reinforced the idea that interest rates will move higher and stay higher for the foreseeable future.
Today's big news will be the CPI index which is expected to cool a bit from last month. The takeaway from the PPI report, however, is that producer-level inflation is still running hot and underpinning gains in consumer-level inflation. In this scenario, the CPI may cool versus last month but it should be expected to remain high and/or accelerate over the next few months to half a year. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Staples | |
Nothing is more supportive of stock price over the long term than institutional buying. Institutions represent trillions of dollars of investible money and can produce strong tailwinds (or headwinds) for the market. The institutional tide has shifted due to the impacts of rising inflation, rising ... Read the Full Story |
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Consumer Staples | |
Pepsico (NASDAQ: PEP) has been lagging behind the broad market since the pandemic bottom but that may be about to change. The company’s performance may be tied to its high valuation, it trades near 24X earnings, but the valuation is well earned and the stock has many attractive qualities for... Read the Full Story |
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Technology | |
Apple (NASDAQ: AAPL) is increasingly witnessing stock downgrades, and analysts are increasingly worried that as the company’s forecasts for production come down from their previous estimates, revenue could in much slower than previously expected. The average price target is still around $180... 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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Retail/Wholesale | |
Institutional Investors have been caught by high levels of volatility in the first-half of the trading year, and many have had to quickly re-assess their trading strategies. Moving away from high-flying growth stocks, to a much more balanced portfolio after many equity funds faced downturns and s... Read the Full Story |
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Consumer Discretionary | | A 7% move higher since the last week of September versus the 3% drop seen in the NASDAQ index should tell you a lot about the potential in Take-Two Interactive Software Inc. (NASDAQ: TTWO). It’s true that the video game maker has put in a tough year so far, with shares recently down 40% from J... 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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Energy | |
Energy stocks aren’t done yet.
The market’s only winning sector (by a wide margin) in 2022 is showing signs of life again following a modest summer swoon.
Leading the charge are oil and gas producers big and small that are all but locks to finish the year as the S&P 500’s ... Read the Full Story |
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Consumer Discretionary | |
If the first week of October was any indication, equity investors are in for a volatile fourth quarter.
Last week, the major U.S. indices sprinted out of the gates only to limp back to the starting line by Friday. Good news on the labor market front was perceived as bad news for U.S. stocks as st... Read the Full Story |
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Medical | | Literally synonymous with COVID-19 vaccines, pharmaceutical giant Pfizer Inc. (NYSE: PFE) has delivered over 367 million vaccinations in the U.S. alone and over 1.4 billion does worldwide since the pandemic began. Moderna Inc. (NASDAQ: MRNA) comes in a distant second place with over 230 million vacc... Read the Full Story |
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Energy | | Energy, the lone soldier, stands as the only sector with a year-to-date gain. Texas Pacific Land Corporation (NYSE: TPL) leads in price in an industry that offers an alternative way to access oil and gas performance.
Shares rose 11.49% the week ended October 7, outpacing the S&P 500 by a wide ... Read the Full Story |
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Consumer Staples | |
Kraft Heinz (NASDAQ: KHC) has offered deep value and high yield to investors for many years and the outlook for investors' returns continues to improve over time. The stock trades at a low 14x earnings compared to 15.8x for the broad market S&P 500 and anywhere from 20x to 35x for the highest-... Read the Full Story |
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Thursday's Early Bird Stock Of The Day LAVA Therapeutics N.V., a clinical-stage immuno-oncology company, focuses on developing cancer treatments. The company through its Gammabody platform, develops a portfolio of novel bispecific antibodies to engage and leverage the potency and precision of gamma delta T cells to elicit an anti-tumor immune response and enhance outcomes for cancer patients. Its lead clinical-stage candidates are LAVA-1207 that is in Phase 1/2a clinical trial for metastatic castration-resistant prostate cancer. The company is developing other Gammabody drug candidates, which include LAVA-1223, which targets the epidermal growth factor receptor (EGFR) for the treatment of selected solid tumors, as well as LAVA-1266 which are preclinical candidates for the treatment of various hematologic malignancies. LAVA Therapeutics N.V. has a research collaboration and license agreement with Janssen Biotech, Inc. for the potential discovery and development of multi-specific antibody products that are directed to a specified target in various fields of use; and a collaboration with Merck & Co., Inc. to evaluate anti-PD-1 therapy KEYTRUDA in combination with LAVA-1207. LAVA Therapeutics N.V. was incorporated in 2016 and is headquartered in Utrecht, the Netherlands. | | View Today's Stock Pick |
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