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: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Healthcare | | 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 | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
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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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Consumer Discretionary | |
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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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
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Healthcare | |
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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Consumer Discretionary | |
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 | | AI is expanding beyond software into robots, factories, vehicles, and intelligent machines. That shift could create a new group of market leaders before most investors notice.
A complimentary report, 5 Stocks Powering the Physical AI Revolution, identifies five companies positioned at the center of this shift, along with the technologies, growth drivers, and risks to understand. | | Get your free copy before physical AI becomes Wall Street's next crowded trade |
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Industrials | |
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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Consumer Discretionary | |
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 Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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