Good MorningEquity markets came out of the gate strong on Monday but the move may be short-lived. The rally peaked out below the prior week's high and the 3,700 resistance target despite better-than-expected results from many of the nation's largest banks. The move suggests upward momentum could build but there are headwinds to overcome. If the market can not get above 3,700 by the end of the week the odds of another sell-off in equities will grow. As it is, the downtrend is intact.
This week's market action will be driven by earnings and economic data. Reports from names like Netflix, JB Hunt, Abbot Laboratories, and Tractor Supply Company top the list. On the economic front, reports from the manufacturing and housing sectors will be accompanied by the Leading Indicators and the Fed's Beige Book. The first report of the week, the Philly Fed MBOS, was negative and much worse than expected so hope for good news may be misplaced. Featured: The Calm Before the Rotation — What’s Quietly Building Now (Stock Wire News) (Ad) 
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Consumer Discretionary | | Today, as the MarketBeat Podcast celebrates the milestone of Episode 50, Kate welcomes back a popular guest, Jason Brown of the Brown Report. Today, he discusses three widely held large caps. If you don’t own these as individual stocks, you may own them inside index funds. Their sheer size mea... 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 | |
After slipping to its lowest level since 2013, Biogen Inc. (NASDAQ:BIIB) was all but forgotten by growth investors. That changed in dramatic fashion late last month when the biotech’s pipeline got a major boost.
Why Did Biogen’s Stock Jump Higher?
On September 27th, Biogen along wit... Read the Full Story |
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Consumer Discretionary | | Camping products and recreational vehicle (RV) dealer Camping World (NYSE: CWH) has been a direct benefactor of the pandemic as consumers discovered or rediscovered outdoor leisure activities. The lifting of COVID restrictions and spread of vaccinations haven’t stopped the growth at Camping W... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Markets | |
From late 2020 into 2021, the electric vehicle (EV) sector resembled the starting line of an auto race. It was a crowded field full of some established automakers like Ford (NYSE:F), General Motors (NYSE:GM) and Tesla (NASDAQ:TSLA). And there were some new companies loaded with potential, but litt... Read the Full Story |
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Finance | |
The big banks have been in a protracted downtrend since hitting their post-pandemic peak but it looks like the bottom is in for JPMorgan Chase & Co. (NYSE: JPM) and some of its closest competitors. While the Q3 reporting season is not quite what the market expected, results from consumer-orien... 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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Materials | |
Steel Dynamics (NASDAQ: STLD) is expected to report a weak Q3 driven by slowing demand and falling prices but there is risk in the outlook. The company’s recent guidance suggests Q2 results could come in much closer to flat on a sequential basis than the -10% currently expected by the analys... Read the Full Story |
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Markets | |
The S&P 500 index (NYSEARCA: SPY) is trading down (-25%) for the year, which is technically bear market territory. The major driver for falling stock markets and the rising U.S. dollar index (NYSEARCA: UUP) can be attributed to U.S. Federal Reserve (Fed) interest rate hikes which they are aggr... Read the Full Story |
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Markets | | A strong U.S. dollar results in more buying power for U.S. importers and U.S. tourists buying products overseas. However, it’s bad news for U.S. companies that export U.S. products overseas as they receive less for them. We’ve seen the warnings from major players as their earnings and fo... Read the Full Story |
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Technology | | What a difference a year makes. Just less than a year ago, graphic semiconductor chip supplier NVIDIA (NASDAQ: NVDA) stock was riding high in the $340s with the underlying business firing on all cylinders. Total revenues grew 46% to record levels. Its video gaming segment saw sales grow 31% to $3.62... Read the Full Story |
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Consumer Staples | |
Inflation continues to be a major story that’s driving markets. And that’s the underlying plot behind the announced merger between Kroger (NYSE:KR) and Albertsons Companies (NYSE:ACI).
On October 13, 2022, Kroger announced that it would pay $34.10 for each Albertsons share to buy th... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day RPM International Inc. manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems. It also provides polymer flooring systems; fiberglass reinforced plastic gratings and shapes; corrosion-control coating, containment and railcar lining, fire and sound proofing, and heat and cryogenic insulation products; specialty construction products; amine curing agents, reactive diluents, and epoxy resins; fluorescent colorants and pigments; shellac-based-specialty and marine coatings; fire and water damage restoration, carpet cleaning, and disinfecting products; fuel additives; wood treatments, coatings, and touch-up products; and nail enamels, polishes, and coating components. In addition, it offers solutions for the paint contractors and DIYers, concrete restoration and flooring, metallic and faux finish coatings, cleaners, and hobby paints and cements; and caulks, adhesives, insulating foams, and patches, as well as spackling, glazing, and repair products. The company was incorporated in 1947 and is headquartered in Medina, Ohio. | | View Today's Stock Pick |
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