Good MorningThe rebound in equities picked up steam on Friday following better-than-expected news. Better than expected is all that can be said about the news, however, because the PCE price index accelerated on a YOY basis at the headline and core levels. The news is a dead weight for S&P 500 earnings and points to another aggressive 75 basis point interest rate hike from the FOMC in the coming week.
The news that no one is talking about is the outlook for earnings. While the earnings reports last week were better than expected the margin of outperformance was very tepid and the forecast for the next quarter got worse. The consensus figure for Q4 2022 earnings growth for the S&P 500 is hovering near 0.5% and on track to fall below 0.0% before the start of the reporting season. Worse, the consensus figures for next year are in the same decline and suggest there will be little to no earnings growth in calendar 2023. Featured: Move Your Money Here Before August 31st (Ad) 
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Finance | | Investment banking and financial services company Morgan Stanley (NYSE: MS) stock is trading down (-17%) compared to peers Goldman Sachs (NYSE: GS) (-13%) and Charles Schwab (NYSE: SCHW) down only (-6.5%). The blue shoe investment bank has implemented a strategy to diversify its services and cliente... Read the Full Story |
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From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
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Healthcare | | Medical diagnostic lab company Quest Diagnostic (NYSE: DGX) stock has been trading within a boxed range from $126 to $146 for the majority of 2022. The Company was instrumental during the early days of the pandemic providing very high volume and high demand COVID pcr testing services. With the pande... Read the Full Story |
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Consumer Discretionary | |
Krispy Kreme (NASDAQ: DNUT) is an iconic brand that’s been around since 1937 selling more than 1.3 billion donuts yearly throughout 30 countries worldwide. Older traders may remember the meme stock like a short squeeze propelling its shares into the triple digits under its old symbol KKD. Th... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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Healthcare | |
AbbVie Inc. (NYSE:ABBV) stock is down 3% in midday trading after the company posted a mixed earnings report. However, that’s a significant improvement from where AbbVie stock opened. In the pre-market, the stock dropped 6% after the released report.
This seems to be a case of ready, fire, ... Read the Full Story |
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Technology | |
Shopify (NYSE: SHOP) stock rose 17% in early trading on better-than-expected earnings. Management outlined that the company is set to get back on track after a couple of weak quarters, where sales came in far lower than expected. Shopify’s management had previously stated that investment int... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Materials | | Shares of copper miner Freeport-McMoRan Inc. (NYSE: FCX) have been in rally mode lately, getting a further boost from the company’s third-quarter report despite a decline in profit attributed to lower copper prices.
However, the company topped Wall Street expectations and the company offered... Read the Full Story |
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Consumer Discretionary | |
Shares of McDonald’s Corporation (NYSE: MCD) sizzle in the wake of its Q3 earnings report. It looks like shares could set a new all-time high very soon. The combination of business strength, dividend health, dividend growth and sell-side support have rocketed the company higher but also fire... Read the Full Story |
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Energy | |
Chevron (NYSE:CVX) is up about 1.5% on the day that the company reported another strong quarter. The oil company delivered earnings per share of $5.56. This beat expectations by 34 cents and was just a little lower than the record of $5.82 EPS the company posted in the prior quarter. On the revenu... Read the Full Story |
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Consumer Discretionary | |
Amazon.com Inc. (NASDAQ: AMZN) came in better than expected for the third quarter. However, Amazon’s stock fell 13% during market hours as the company warned that the outlook for both the retail operations and AWS will be weaker than previously forecasted for the fourth quarter. Why is Amazo... Read the Full Story |
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Technology | |
Apple Inc. (NASDAQ: AAPL) continued to beat expectations, despite weakness in iPhone sales compared to previous years. While iPhone sales slightly affected growth, Apple continued to see significant increases in revenue due to computer sales from the iMac and China reopening. Despite Foxconn reduc... Read the Full Story |
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Monday'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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