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: Sell these "safe" blue chips immediately (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 | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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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 | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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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 | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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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 GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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