Good MorningEquities rebounded for another day on Tuesday but eager investors are warned to be cautious. The market opened with a big gain near2.0% which were also near the highs of the session. The highs were consistent with the 30-day EMA which provided resistance and capped gains for the day. At the low, the index was up only fractions of a percent and showing a dark candle confirming the downtrend that began in mid-August. If the market follows through on this signal the S&P 500 will retest the 3,500 level and possibly move even lower.
Tuesday was also marked by mixed economic data. The industrial production and capacity utilization figures came in better than expected but were offset by a new low in the home builders index. The NAHB home builders sentiment index hit 38 which is the lowest level since 2012. The gauge contracted on new traffic and the outlook for sales which hit 25 and 35 respectively. With this trend in place, the contraction in housing markets is gaining momentum and may drag the rest of the economy down with it.
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Retail/Wholesale | | With the broader equity market doing its best to reverse the lows that have done so much damage in recent weeks, investors in Target (NYSE: TGT) haven’t seen a fresh low since June. While shares are still down about 35% from where they started the year, the fact that they’re up the guts ... Read the Full Story |
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Medical | |
Shares of Johnson & Johnson (NYSE:JNJ) are down slightly despite the company scoring a double beat for its third quarter earnings. J&J reported earnings per share (EPS) of $2.55 on revenue of $23.79 billion. This was better than the analysts’ forecast for EPS of $2.49 on revenue of $... Read the Full Story |
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Energy | |
Two years ago, little-known PBF Energy Inc. (NYSE: PBF) slid to an all-time intraday low of $4.06. Today, the stock trades around $40. Despite a brief visit to penny stock land, it hasn’t incurred a reverse split.
After crushing the consensus earnings estimate in Q2, the company is getting ... 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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Markets | |
Like the mountains of Aspen, Colorado, Aspen Technology, Inc. (NASDAQ:AZPN) is displaying some serious elevation.
The large cap software company continues to climb to new record highs, leaving struggling industry peers at the bottom of the slope. It is up 63% year-to-date and all but certain to ... Read the Full Story |
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Consumer Discretionary | | Global hotel operator Marriott International (NYSE: MAR) business has been a rollercoaster ride since the pandemic, but business has recovered better than 2019 pre-pandemic levels. The Company owns and operates 30 brands including luxury names like The Ritz-Carlton, St. Regis, and Bvlgari hotel and ... 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.
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Finance | | What does Tuesday’s opening 4% gap-up in Goldman Sachs (NYSE: GS) say about the potential for a sector-wide rally?
The investment banking and asset management giant reported better-than-expected third-quarter earnings of $8.25 per share, topping views of $7.69 per share. That marked a year-ov... Read the Full Story |
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Industrials | |
Stanley Black and Decker stock is a Dividend King with many more years of dividend increases ahead of it.
The key takeaway is that Stanley Black and Decker is a trusted company with well-known brands. It has strong cash flows, ample free cash flows and can be expected to continue to pay its divi... Read the Full Story |
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Markets | |
Equities are on their second day of a bear market rally after last week’s steep sell-off. This is the seventh bear market rally of 2022. Bear market rallies take many forms. There have been several examples this year of the market rallying on the hope that bad news for the economy would lead... Read the Full Story |
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Aerospace | |
Defense stocks like Lockheed Martin (NYSE: LMT), stocks related to national defense, not defensive stocks, are beginning to look more and more attractive. Not only is there a lingering conflict in Ukraine to whittle down global stockpiles of arms and ammunition but the sector provides some defensi... Read the Full Story |
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Technology | | Despite an 80% drop in share price over the past year, we could be looking at a diamond in the rough with Twilio (NYSE: TWLO). True, it hit a fresh 2-year low last week, but there are signs, both from a fundamental and a technical point of view, that suggest a Q4 rally could be in the making. The Sa... Read the Full Story |
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Wednesday's 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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