Good MorningEquities experienced some volatility in the prior week as hopeful traders and investors cling to the good news while the pessimistic ones cling to the bad. The good news is that Q3 earnings season is a little bit better than expected, the bad news is the outlook for the future continues to deteriorate and that is weighing on the market.
This week, the market faces an onslaught of earnings reports as well as economic data. Among the earnings reports are several FAANG names which are foundational to the market. Better-than-expected reports from them could provide some relief for investors but the outlook remains dim. On the economic front, the PCE price index tops the list and is expected to come in hot once again. The takeaway will be that the FOMC is on track to continue hiking rates to the 5.0% level regardless of the pace, which is bad news for consumers and businesses alike. Featured: My Deep Cut Pick Before Anthropic's IPO (Ad) 
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Consumer Discretionary | | Chinese electric vehicle (EV) maker Xpeng (NYSE: XPEV) stock has plunged more than (-83%) on the year as the sector sees mass valuation shrinkage. Its peers NIO (NYSE: NIO) and Li Auto (NYSE: LI) are also down big for the year at (-66%) and (-45%), respectively. EV sales momentum seems to have peake... Read the Full Story |
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From Our Partners | | Mining earns the highest profit margins of any major sector, about 31 percent, versus just 17 percent for the next best industry.
Despite that, mining represents only 1 percent of global equities, a disconnect that has persisted for more than a century.
Garrett Goggin, CFA, CMT and founder of Golden Portfolio, calls this gap the Golden Anomaly and has identified four miners positioned to benefit. | | Read Garrett Goggin's full report on the top four mining picks now |
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Consumer Discretionary | | Entertainment products and media company Hasbro, Inc. (NASDAQ: HAS) stock recently hit 52-week lows of $63.44 down (-35%) on the year. The Company missed its Q3 2022 earnings estimates primarily due to overstocking its retailers in Q2 2022 to avoid potential post-pandemic supply chain problems. It&r... Read the Full Story |
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Consumer Staples | | The world’s largest consumer goods maker Procter & Gamble (NYSE: PG) stock has fallen (-21%) for the year. Shares hit pandemic highs of $146.92 in November 2020 as consumers stockpiled its products before falling back down to $121.54 post-pandemic lows in March 2021. Ironically, post-pande... Read the Full Story |
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From Our Partners | | After the Dot-Com Bubble burst in March 2000, the Nasdaq fell 78% over the following decade. But gold staged a historic bull run, and select miners delivered gains of 50X, 53X, 252X, and even 362X.
Garrett Goggin, CFA, CMT and founder of The Golden Portfolio, has spent over 20 years studying these market rotations, including 15 years working alongside gold analyst John Doody. He's identified four gold miners positioned for the next rotation out of AI stocks. | | See Garrett Goggin's four gold miner picks before the next rotation begins |
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Industrials | |
The U.S. mid-cap asset class is holding up relatively well this year. As measured by the S&P 400’s year-to-date return, the group has a 2.5% edge on its large-cap counterpart (the S&P 500) heading into the final months of the year.
With the economy likely to enter 2023 on shaky gro... Read the Full Story |
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Markets | | Most investors are familiar with the popular exchange-traded-funds (ETFs) of the major benchmark indexes like the S&P 500 index (NYSEARCA: SPY), Dow Jones (NYSEARCA: DIA), and the Nasdaq (NYSEARCA: QQQ). The advent of ETFs has enabled investors to trade equity indexes, multiple asset classes, wh... Read the Full Story |
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From Our Partners | | What I bought is tokenized gold. Real gold in a professional vault… held as a digital token in a wallet only I control. Now compare that to how most people own gold. You call a dealer and pay a premium over the gold price. You wait for it to ship… then you find somewhere to hide it.
And when you want out? It gets worse. Buy a 1 oz gold coin from a dealer and sell it back, and about 4% to 8% of your money is typically gone. Plus, physical gold holders wait days for dealers to verify the gold and pay them.
Tokenized gold? You can sell it any hour, any day, even on a Sunday night, for a small trading fee. So when you need your money, which would you rather own? Gold that takes days to sell… or gold you can sell in seconds? | | Click here to see how tokenized gold works. |
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Consumer Staples | |
One of the strongest movers on a bullish day for the market is the Boston Beer Company (NYSE:SAM). The company, which is synonymous with its signature Sam Adams beers and Truly Hard Seltzers reported earnings per share (EPS) of $2.21 on revenue of $596.45 million. The top line number exceeded anal... Read the Full Story |
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Finance | | Dow component American Express (NYSE: AMEX) was trading 5% lower in the pre-market Friday following the company’s third-quarter earnings report.
That may sound like the company missed views, but in fact, it beat on both the top and bottom line, and boosted its full year guidance. The broader... Read the Full Story |
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Communication Services | |
Snap (NYSE: SNAP) fell in after-market trading as results did not meet investor expectations. Snap’s stock declined by 25%, and this was most likely due to losses surging to $360 million and growth slowing significantly compared to previous years. But things were not as bad as they might see... Read the Full Story |
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Consumer Discretionary | |
The institutions have been putting pressure on Whirlpool (NYSE: WHR) stock and that may not change now the Q3 results are in. The company’s report and outlook confirm the notion of a slowdown in the housing sector that will have repercussions for more than just Whirlpool. As for the institut... Read the Full Story |
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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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Monday's Early Bird Stock Of The Day Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the nursing facilities, senior housing, and medical office buildings. It also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan. | | View Today's Stock Pick |
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