Good MorningEquities started October and the 4th quarter on solid footing following a week of significant decline. The S&P 500 advanced more than 3.0% at the high of the day and it may move higher in the near term. Good news from GM and the oil patch are helping to support the action and could lift spirits as the peak of Q3 reporting approaches. GM announced it sold 25% more cars this year than last as supply chain issues eased while oil prices rose more than 3.5% on news OPEC+ would cut production by a million barrels this month.
The news from OPEC+ carried through to the oil industry and the XLE which led the market throughout the day. The XLE advanced more than 5.0% on the idea that higher oil and gas prices will translate into strong earnings for the energy sector. The takeaway for the market should be, however, that any improvement to the earnings outlook will be because of oil and energy stocks and not an improvement in the broad economy. Featured: Trump’s New Money – Explained (Ad) 
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Medical | | Small-cap biotech Catalyst Pharmaceuticals (NASDAQ: CPRX) has been outperforming the broader market, amid recent earnings and revenue acceleration.
The company also got some good news last month, as it joined the S&P 600 Small-Cap index, replacing defense contractor ManTech, which was acquired ... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Energy | |
Kate’s guest today on The MarketBeat Podcast is Kirk McDonald, portfolio manager at Argent Capital Management. Today, Kirk has three stocks to discuss, all from different industries with different market caps. He explains why each is a holding in his portfolio, and how investors should eval... Read the Full Story |
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Auto/Tires/Trucks | |
When Americans are out and about and see electric vehicles, it’s common to see those made by Tesla (NASDAQ: TSLA) or every once in a great while, Rivian (NASDAQ: RIVN). Meanwhile, legacy automakers like Ford (NYSE: F) and General Motors (NYSE: GM) are rolling out their own versions of electr... Read the Full Story |
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The Ultimate Day Trading Cheatsheet distills that edge into 7 pages, including 23 Golden Rules and a specific trade setup with a reported 94.2% win rate. It's available at no cost. | | Download your free copy of the Ultimate Day Trading Cheatsheet now |
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Medical | |
Genome sequencing solutions company Illumina (NASDAQ: ILMN) stock has fallen under its pandemic lows. A surprise earnings miss, and lowered guidance has caused shares to spiral down (-49%) for the year. The Company leads the market with its next-generation genome sequencing systems and analysis to... Read the Full Story |
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Retail/Wholesale | |
Retailer marketplace and technology applications behemoth Amazon (NASDAQ: AMZN) has grown into a juggernaut of commerce. Amazon is a paragon of the network effect as its ecosystem often induces the same customer to use multiple services simultaneously without a second thought. Amazon is the #1 Top... Read the Full Story |
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From Our Partners | | Jeff Brown and Marc Chaikin - the two investors who picked Nvidia before it climbed as much as 36,000% - are issuing a rare joint buy alert on a little-known Elon Musk supplier.
They believe Elon Musk's latest AI breakthrough is about to collide with a market pattern that has a 100% track record - one that previously gave everyday investors a chance to turn $10,000 into $350,000 in roughly 12 months. | | See the details on this overlooked Elon Musk supplier right now |
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Transportation | |
One look at FedEx Corporation’s (NYSE: FDX) chart shows that it has been a rough year. With the shipping and logistics leader’s stock down more than 40% since January 1st, investors are left to wonder if things will get better.
Yes and no.
In the near term, FedEx will continue to str... Read the Full Story |
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Technology | | The headlines pointing out the strong U.S. dollar is becoming commonplace these days. A strong U.S. dollar may be good for U.S. citizens buying foreign products as their buying power rises, but it’s detrimental for overseas buyers and U.S. companies that sell to them. When the U.S. dollar is s... Read the Full Story |
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Retail/Wholesale | |
CarMax (NASDAQ: KMX) had a rough quarter but the weakness is to be expected in a world where prices are rising everywhere you look and particularly fast in the used car industry. The company’s Q2 results were weaker than expected but also reveal the company’s underlying strength and po... Read the Full Story |
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Consumer Discretionary | |
Nike falls on a mixed FQ1 report that has the analysts worried about margins.
Bloating inventory led to increased markdowns and this is expected in Q2 as well.
Near-term headwinds are weighing on shares but a long-term buying opportunity is on the way.
Nike's (NYSE: NKE) FQ1 report is a ... Read the Full Story |
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Consumer Staples | | Amid the volatility in commodity prices since Russia’s invasion of Ukraine in February, established large cap Archer-Daniels-Midland (NYSE: ADM) and new company Forafric Global (NASDAQ: AFRI) appear set to capitalize on continued uncertainty.
Some analysts warning of winter food shortages in... Read the Full Story |
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Tuesday'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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