 While much-larger industry peer UnitedHealth (NYSE: UNH) tends to get attention, large-cap managed-care provider Molina (NYSE: MOH) has shown better price strength in recent months.
With a market capitalization of $20.89 billion, Molina is large enough to be tracked by the S&P 500, but it&rsqu.... |
Good MorningThe rebound in equities appears to be over as quickly as it began. The S&P 500 fell about 1.0% at the low of Wednesday's session confirming resistance at the short-term 30-day EMA. The move may gain momentum on Thursday and could be driven by earnings as well economic data. On the earnings front, reports from AT&T, Tractor Supply Company, Phillip Morris, and Genuine Parts Company will give a broad look at the earnings situation which has been in a general decline. On the economic front, reports from the housing sector, the manufacturing sector, and the Index of Leading Indicators will point to what the market should expect from the Q4 season when it rolls around.
Next week could be trying for the market. The next big test will be a double-shot in the form of Peak Earnings and the PCE price index. Peak Earnings will bring over 100 S&P earnings reports including some of the FAANG names including Google, Amazon, and Microsoft. If they report better than expected or give good guidance the market could regain traction and begin putting in a real bottom. The risk is the PCE price index, if it comes in hot on Friday the earnings may not matter. Featured: Elon’s big $266,000 per second purchase (Ad) 
| Medical | | While much-larger industry peer UnitedHealth (NYSE: UNH) tends to get attention, large-cap managed-care provider Molina (NYSE: MOH) has shown better price strength in recent months.
With a market capitalization of $20.89 billion, Molina is large enough to be tracked by the S&P 500, but it&rsqu... Read the Full Story |
| From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
| Medical | |
Cardinal Health (NYSE: CAH), which distributes branded and generic pharmaceutical products, and also manufactures, sources, and distributes products for medical, surgical, and laboratory uses, cleared a cup-with-handle buy point Wednesday.
That’s a pretty impressive feat, considering the st... Read the Full Story |
| Consumer Discretionary | |
Buy less. Switch to generic brands. Ask the boss for a raise.
These days, there aren’t many desirable ways to beat inflation. The same can be said of developing an inflation-proof investment strategy.
Defensive names like grocery stores offer value in a down market but are exposed to cost ... Read the Full Story |
| 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 |
| Auto/Tires/Trucks | |
Winnebago Industries (NYSE:WGO) reported earnings on October 19 and delivered a beat on both its top and bottom lines. The company posted earnings per share (EPS) of $3.02 on revenue of $1.18 billion. That was above the $2.97 EPS on revenue of $1.11 billion that was forecast.
Those numbers were... Read the Full Story |
| Consumer Discretionary | | What does Dom Perignon champagne, Louis Vuitton handbags, FENDI purses, TAG Heuer watches, Tiffany & Co. jewelry, and Geurlain parfums have in common? Yes, they are luxury brands, but they’re also owned under one global luxury goods company LVMH-Moet Hennessy Louis Vuitton Sociét&ea... Read the Full Story |
| 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.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
| Consumer Discretionary | |
Netflix (NASDAQ: NFLX) shocked the market with its Q1 2022 earnings release and raised the question of if this once-blockbuster investment was turning into another Blockbuster Video. The subscriber growth numbers coupled with lingering issues around password sharing and monetization helped send th... Read the Full Story |
| Technology | |
To answer the question of whether Intel (NASDAQ: INTC) is near the bottom the best response right now is yes but it’s too soon to start investing large chunks of capital into the business. The announced spin-off of Mobileye and the issues around its valuation have come as a surprise to the m... Read the Full Story |
| Medical | | Dow component Merck (NYSE: MRK) is within 2% of a new all-time high, after rallying 7.30% in the past month. Shares closed Tuesday at $94.61, up $0.49, or 0.52% in volume that was 13% heavier than normal.
Dow components are weighted according to price, which differs from the S&P 500’s mar... Read the Full Story |
| 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 |
| 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 |
| Thursday's Early Bird Stock Of The Day Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada. It is also involved in the distribution of wholesale medical cannabis in the European Union (EU); distribution of wholesale medical cannabis in various international markets, including Australia, the Caribbean, South America, and Israel; supply of propagated vegetables and ornamental plants in North America; and distribution and sale of hemp-derived cannabidiol (CBD) products. In addition, the company cultivates and sells dried cannabis, cannabis oils, capsules, edible cannabis, cannabis extracts, and soft gels, which are ingested in various ways, including smoking, vaporizing, and consumption in the form of oil, capsules, edibles, and extracts; and provides dried flowers, vapes, dried milled strains, strain-specific extracts, strain specific cannabis oils, and concentrates. Further, it offers recreational cannabis products, such as flowers, vapes, ingestibles, concentrates, extracts, and CBD products; and patient counseling and outreach services. The company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard, as well as CBD brands, Reliva and KG7; and medical cannabis brands include MedReleaf, CanniMed, Aurora, Whistler Medical Marijuana Co, Pedanios, Bidiol, and CraftPlant. Aurora Cannabis Inc. is headquartered in Edmonton, Canada. | | View Today's Stock Pick |
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