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: 25 candidates screened. 5 made it. (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 | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
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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 | | 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.
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Communication Services | | 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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Consumer Discretionary | |
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 | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
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Consumer Discretionary | |
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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Healthcare | | 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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Healthcare | |
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 Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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