Good MorningEquities pulled back from the recent high on Thursday as the market braces for another hot PCE price index reading. The move confirms resistance below the 3,900 level and sets the S&P 500 up for another test of the recent lows should the market not like the PCE data. As it is, the market is expecting the index to accelerate on a YOY basis from the previous month and to come in just shy of a recent record. At these levels, the index will be at the highest reading in several decades and pointing to another aggressive FOMC interest rate hike.
The next FOMC meeting is less than a week away. The November Fed meeting begins on Tuesday and will culminate with a policy statement and press conference on Wednesday afternoon. The market is pricing in a near 100% chance for a 75 basis point hike and it could come with hawkish commentary, too, if the PCE index is hotter than expected. The takeaway is that inflation is still the driving force of the market and it is still a growing problem. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Medical | | Mid-cap Lantheus Holdings (NASDAQ: LNTH) has been on a revenue growth spurt in recent quarters, boosted by a new product called Pylarify, which helps medical professionals detect prostate cancer through imaging tests.
Lantheus went public in June 2015, which means that it's new enough to be in tha... Read the Full Story |
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From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
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Transportation | |
If you are looking at the ultra-high 111% dividend payout for Zim Integrated Shipping (NYSE: ZIM) and thinking, “This is too good to be true,” you're right. There are factors at play in this yield within Zim Integrated Shipping Services stock that makes it meaningless to investors but ... Read the Full Story |
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Consumer Staples | | Altria (NYSE:MO) stock is essentially flat after the company reported a miss in both revenue and earnings in its quarterly earnings report. The company delivered revenue of $5.41 billion which was shy of analysts’ estimates for $5.59 billion. Earnings were a narrower miss, with Altria posting ... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Industrials | |
Graphic Packaging Holding Company (NYSE: GPK) and Packaging Corporation of America (NYSE: PKG) are two great dividend stocks with high institutional support. Both companies carry a rough 90% institutional interest with GPK edging out PKG by less than 100 bps. The real takeaway from the institution... Read the Full Story |
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Transportation | |
Some earnings reports are more significant than others. And that’s the sense that you got when United Parcel Service (NYSE: UPS) reported earnings on October 25, 2022. UPS stock dropped sharply after Federal Express (NYSE: FDX) delivered a warning of sharply lower shipping volumes based on t... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Medical | |
Bristol Myers Squibb Company (NYSE: BMY) posted a small gain after an earnings report; the company beat its top and bottom lines. The pharmaceutical company delivered earnings per share (EPS) of $1.99 on revenue of $11.22 billion. That was better than the analyst forecast for $1.83 EPS on revenue ... Read the Full Story |
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Basic Materials | |
Conventional wisdom says to dial back risk in a shaky stock market. Hunkering down with cash, shifting to defensive sectors, seeking inflation-proof companies and moving to dividend payers are all valid strategies. Cash dividends help buffer market downturns and provide income that can be reinvest... Read the Full Story |
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Retail/Wholesale | |
Chipotle Mexican Grill Inc. (NYSE: CMG) is a highly valued stock relative to the broad market but it hasn't grown at the same pace as the average S&P 500 company. Trading at over 40x its earnings, it is nearly triple the value of the average S&P 500 company and nearly double that of fast f... Read the Full Story |
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Medical | | Yes, Eli Lilly and Company (NYSE: LLY) pays dividends but there is more to investing in this stock than a simple “yes” answer. The Eli Lilly dividend is safe enough but it may not be right for all investors. Dividend stocks come with different levels of risk and yield that may make t... Read the Full Story |
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Aerospace | |
Writing about a stock on the day it posts earnings can sometimes cause you to walk some statements back. But that's not the case as I look at General Electric (NYSE:GE). If I had written about the company on October 25, the day it posted a solid, but not spectacular earnings report, my thought wou... Read the Full Story |
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Friday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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