Good MorningEquities went on a wild ride Thursday first rebounding only to peak out midday on comments from the Fed. Fed President Harker made comments to the effect that inflation was not under control, the FOMC was still hiking rates, and that additional rate increases could be large. The market made an abrupt about-face on the news, confirming resistance at the short-term 30-day moving average for the 3rd day in a row. If the market can not break this trend the odds of a pullback to 3,500 will grow to a near certainty.
The next FOMC meeting is less than two weeks away and the CME FedWatch Tool is pricing in a near 100% chance for another historic 75 basis point interest rate hike. Between then and now, the PCE price index for September will be released and it is likely to be a hot one. The takeaway now is that 75 basis point rate hikes could be on the table until inflation comes down to a manageable level. Featured: 5 dividend stocks worth owning in any market condition (Ad) 
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Consumer Staples | | Snack food giant Mondelez International (NASDAQ: MDLZ) stock is trading down (-13%) for the year faring better than the S&P 500 (NYSEARCA: SPY) which has fallen (-25%), respectively. Mondelez is the world’s top seller of cookie biscuits and the 3rd largest chocolate maker ahead of #5 Hersh... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Basic Materials | |
Freeport McMoran (NYSE: FCX) third-quarter results came in weaker on the back of copper prices retreating. Copper prices had run up significantly in the previous year, and since then have declined by almost 30%. Copper is usually seen as a leading indicator, due to its inherent involvement with th... Read the Full Story |
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Markets | | Energy-sector strength was on display Thursday as oil-and-gas explorer Matador Resources (NYSE: MTDR) was trading within 3% of its June 8 high of $67.78.
The Dallas-based mid-cap reports its third quarter on October 25, with analysts anticipating earnings of $2.53 a share on revenue of $766.17 mill... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Technology | | AT&T (NYSE: T) gapped up 4.86% Thursday after the company dialed in better-than-expected third-quarter revenue and earnings. Those numbers were driven by a higher wireless postpaid subscriber count than analysts anticipated.
Around 30 minutes into Thursday’s session, AT&T was trading... Read the Full Story |
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Auto/Tires/Trucks | |
Tesla (NASDAQ: TSLA) continued to witness revenue growth, but fell slightly short of expectations, as demand from Asia, particularly China, did not live up to expectations. Tesla’s stock has been quite resilient through the year, despite the broader market falling precipitously as interest ... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Auto/Tires/Trucks | |
If you are wondering why Mullen Automotive's (NASDAQ: MULN) share prices jumped more than 50% in one day the answer is simple. The company closed on the purchase of Electric Last Mile Solutions, a bankrupt EV player with a focus on final-mile delivery vehicles. Not that exciting, at least at face ... Read the Full Story |
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Energy | |
Kinder Morgan (NYSE: KMI) continued to witness improved growth as tailwinds from natural gas pricing continued to be strong, due to global, which continued to be a catalyst.
“Our Natural Gas Pipelines segment continues to see strong demand for the extensive firm transport and storage servic... Read the Full Story |
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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 |
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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 |
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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 |
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Friday'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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