Good MorningEquities rallied again on Tuesday and broke some key technical levels but the breakout may already be over. Reports from key names in tech like Google parent Alphabet and Microsoft may cap gains in Wednesday's session. Both companies showed some weaknesses that could easily carry into the rest of the sector and the economy at large. If this trend continues the S&P 500 will most likely reverse course over the next few days.
The next big test for the market will be on Friday with the release of the PCE price index. The index is expected to moderate on a month-to-month basis but could easily come in hot. Word from companies like Kraft Heinz and General Mills suggests consumer-level inflation is still on the rise and could remain hot well into 2023. If the PCE spooks the market it could add downward pressure to stocks and the next FOMC meeting is just one week away. Featured: The suits might come after me for showing you this (Ad) 
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Basic Materials | | Looking for information on PPG Industries Inc. and its dividend payment, including the answers to "What is PPG?" and "What is PPG paint?" You’ve come to the right place. By the time you reach the end of this article, you will have a deep understanding of PPG stock. PPG Industries Inc. is a D... 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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Medical | |
If you are wondering if this is the bottom for Canopy Growth Corporation (NASDAQ: CGC) join the club. Investors have been asking themselves that for the last three years and, to be honest, the market could fall further. If you are wondering why Canopy Growth Company shares shot up more than 26% an... Read the Full Story |
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Energy | | Any time an industry is home to top-performing stocks, there’s always opportunity among companies that operate in industries related to the industry’s big names. Array Technologies (NASDAQ: ARRY) makes the ground-mounting systems used in solar energy installations.
Sure, solar companie... Read the Full Story |
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From Our Partners | | Roger Scott just unveiled a day-trading tool designed to identify the first wave of institutional buying before a full order moves through the market - potentially in minutes.
On April 14th, the tool flagged early institutional buys on HOOD at 9:45 am, delivering a 24% return in 6 minutes. Minutes later, a signal on MSTR locked in a 33% return in 12 minutes. Free access is available now. | | Secure your free pass to the real-time institutional order tracker today |
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Finance | |
If stocks were Olympic athletes, Comerica Incorporated (NYSE: CMA) would represent Team USA in the sport of banking. Approximately every four years, the Dallas-based regional bank seems to make a nice run and then regroups for the next heat.
Its arch nemesis isn’t J.P. Morgan or Charles Sc... Read the Full Story |
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Technology | | Video game engine creator Unity Software (NYSE: U) stock has joined Chinese electric vehicle (EV) maker XPeng (NASDAQ: XPENG) and artificial intelligence (AI) powered lending platform Upstart Holdings (NASDAQ: UPST) in the 80% club. These are stocks that have fallen -80% or more from their highs. Th... Read the Full Story |
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From Our Partners | | Roger Scott spent twenty years on Wall Street moving billions through the market. Now he's exposing the 'empty chair' signal he says sits behind the most stunning stock moves retail investors rarely hear about.
The same signal reportedly triggered a 138% return on WMT in two weeks and a 157% return on Cencora in one week, according to his research. | | Watch Roger Scott reveal the empty chair signal today |
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Markets | | Enterprise software specialist Aspen Technology (NASDAQ: AZPN) has formed a potentially bullish pennant pattern as it pulls back slightly from its October 6 high of $263.59.
Its weekly chart shows a trend of higher lows and lower highs over the past few weeks, ahead of the company’s fiscal f... Read the Full Story |
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Auto/Tires/Trucks | |
If you are wondering why Mullen Automotive (NASDAQ: MULN) continues to rocket higher there are 3 good reasons that start with good news, more good news, and an incredibly bullish chart. The good news begins with the company’s acquisition of Electric Last Mile Solutions which closed last week... Read the Full Story |
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Basic 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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Transportation | | 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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Wednesday's Early Bird Stock Of The Day Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. | | View Today's Stock Pick |
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