Good MorningThe rebound in equities continued for a second day on Tuesday with the S&P 500 gaining more than 3% at the high of the day. The move is a relief rally driven by less-than-impressive news in the face of rising inflation and the FOMC interest rate policy. The move in equities could continue over the next few days but there are key technical hurdles ahead that include the 30-day EMA and the top of a channel that has been dominating the action since late last year.
Wednesday's action may be driven by economic data although the ADP report is not expected to be strong. A Goldilocks number for the market would be in the 100,000 to 200,000 range where job gains are still present but not so strong as to move the Fed. The true market mover, however, will be the NFP report on Friday. The NFP report is expected to show a moderately strong gain of 275,000 which would be sufficient to keep the Fed on its current course. Featured: 5 dividend stocks worth owning in any market condition (Ad) 
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Medical | | Shares of Vertex Pharmaceuticals (NASDAQ: VRTX) moved more than 2% higher last week and were up another 3.41% so far this week. The bounce followed news that regulators gave the company the go-ahead to begin the review process for a gene-editing treatment for two rare blood conditions.
Vertex part... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Technology | |
The major U.S. stock indices got clobbered on September 30, closing out one of the worst months and quarters in recent history.
Much of the finger-pointing has been directed toward the Fed. In an effort to cool stubbornly high inflation, Chairman Powell's aggressive rate hikes appear to be cooli... Read the Full Story |
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Markets | |
The prospect of “just getting by” with your pension may seem terrifying. Whether you work for a company that provides regular pension contributions or you are self-employed, you should always understand the facets of a quality pension plan. It’s never too early to start.
In this... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Consumer Staples | |
As we approach the third quarter earnings season, Olympic high jumpers are feeling relieved while limbo artists are stressed.
Translation: the bar is set really low.
For Q3, S&P 500 companies are expected to collectively report 2.9% higher profits than a year ago. According to Factset, this... Read the Full Story |
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Consumer Staples | |
Global meat and poultry products producer Tyson Foods (NYSE: TSN) stock has been in a nine week losing streak falling (-24%) for the year. The Company has faced all kinds of problems this year putting pressure on its shares which are trading at 7.5X forward earnings with a 2.79% annual dividend yi... 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 | | 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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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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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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Wednesday's Early Bird Stock Of The Day Tootsie Roll Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks. The company sells its products directly to wholesale distributors of candy, and food and groceries; and supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, vending machine operators, e-commerce merchants, the United States military, and fund-raising charitable organizations, as well as through food and grocery brokers. Tootsie Roll Industries, Inc. was founded in 1896 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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