Good MorningEquities markets tried to come out of the gates strong this week with the S&P 500 up on Monday. The move is driven by anticipation of better-than-expected earnings as the peak of Q3 reporting gets underway. This week is the busiest week of the reporting cycle and should bring well over 125 reports from S&P 500 companies. The takeaway is that by the end of the week there will be little doubt as to the health of the S&P 500s earnings power.
Also on tap this week? The PCE price index will be released on Friday and it is expected to cool considerably from the previous month. The risk is that another round of hot data will force the FOMC into another 75 basis point interest rate hike and push the US closer to recession.
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Materials | | Wall Street has high expectations for lithium miners, including S&P 500 component Albemarle (NYSE: ALB), which reports its third quarter on November 2 after the bell.
The stock is up 19.86% in the past three months, and up 16.01% year-to-date. It also rallied a whopping 13.70% in the past week.... Read the Full Story |
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Energy | |
Few stocks have performed as well as Cheniere Energy, Inc. (NYSE: LNG) over the last couple of years. The liquid natural gas (LNG) leader is up more than 400% from its March 2020 low…and doesn’t appear to be losing any steam.
As the major indices head south, Cheniere is setting fres... Read the Full Story |
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Industrials | | Major airline carrier American Airlines Group (NASDAQ: AAL) has returned to profitability with record third-quarter revenues surpassing 2019 pre-pandemic levels. The whole airline industry has been recovering as evidenced by the earnings releases from Delta Air Lines (NYSE: DAL), Southwest Airlines ... Read the Full Story |
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From Our Partners | | AI data centers have a power problem nobody likes to talk about. A single rack of computers can now use more electricity than an entire office building.
One new chip, which looks more like a piece of plywood than a processor, delivers similar performance on a fraction of the power. Tech investing veteran George Gilder says that efficiency gap could decide who wins the next stage of AI.
Gilder has identified three companies positioned around this power breakthrough, calling them the Trillion Dollar Triangle. | | See the three companies behind this AI power breakthrough now |
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Consumer Discretionary | |
The Tractor Supply stock forecast shows a fast-growing, well-entrenched yet uncovered investment opportunity that successfully competes with the likes of Walmart Inc. (NYSE: WMT) and Target (NYSE: TGT) as well as The Home Depot Inc. (NYSE: HD), Lowe’s Companies Inc. (NYSE: LOW) and other out... Read the Full Story |
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Energy | |
Shares of Schlumberger (NYSE: SLB) are up over 10% after the company posted a beat on both the top and bottom lines on October 21. The oil and gas giant posted revenue of $7.48 billion, exceeding analysts’ estimates for $7. 10 billion. And on the bottom line, the company delivered $6.30 in e... Read the Full Story |
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Consumer Discretionary | |
Dave & Buster’s (NASDAQ: PLAY) has been an interesting rebound story for two reasons and now it may be getting better. The first two reasons are the slow nature of the rebound’s beginning and the peak that it has taken the business to. In regard to speed, the rebound in sit-down re... Read the Full Story |
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Consumer Discretionary | |
Whether they’ve become less optimistic or more realistic about the next 12 months the analysts covering Tractor Supply Company (NASDAQ: TSCO) just trimmed their price targets. The group, Marketbeat.com is tracking 17 analysts covering Tractor Supply Company, issued at least 7 price target re... Read the Full Story |
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Markets | |
In many parts of the country, the annual golf club storage ritual is here.
As the key summer season ends, golf equipment manufacturers and retailers are tallying up their scorecards. Over the next few weeks we’ll learn how much of their discretionary income consumers were willing to alloca... Read the Full Story |
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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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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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Tuesday's Early Bird Stock Of The Day Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At June 30, 2024, we owned or had an interest in 230 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 84% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at June 30, 2024, we had a 22.4% ownership interest in Klépierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries. | | View Today's Stock Pick |
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