Good MorningEquity markets slipped in early trading on Wednesday but regained the lost ground by the end of the day. The move was driven by a renewed fear of the FOMC offset by some better-than-expected economic data. The ADP employment report and the ISM services index both came in better than expected and point to solid activity within some parts of the economy. The bad news is that strong data will reinforce the Fed's need to raise interest rates. There is still a high probability for a 75 basis point interest rate hike in November and there are still two key reads on inflation before then.
The chart of the S&P 500 shows price action is rebounding and it may continue to rebound but there are risks to be aware of. Wednesday's index action is showing resistance at key levels that could keep it from moving much higher. This resistance is consistent with the June/July bottom and below the 30-day moving average and the top of a downward channel. In this light, traders are better served waiting for the next sell signal than trying to chase the market higher. Featured: Wall Street Bets Big on Prediction Markets Heres a Microcap to Watch (Ad) 
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Healthcare | |
Alzheimer’s Disease remains one of the leading causes of death, and yet the nature of the disease makes finding a cure elusive. But that’s not for a lack of effort. A 2021 report by the research firm Research and Markets projects that the worldwide Alzheimer’s market will be wort... 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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Technology | |
SGH (NASDAQ: SGH) and Skyworks (NASDAQ: SWKS) are grossly undervalued stocks given the underlying strengths of their businesses. These companies are tech companies but are also deeply exposed to the manufacturing world because of the components they make. That’s right, electronic and digital... Read the Full Story |
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Materials | |
RPM International (NYSE: RPM) is a bellwether of sorts making coatings and construction products for a wide range of uses. The company just reported a strong quarter and gave favorable guidance that points to peak inflation and widening margins for the S&P 500 but PPG Industries (NYSE: PPG) is... Read the Full Story |
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From Our Partners | | On January 1, 2027, new Pentagon rules tighten sourcing restrictions on critical minerals tied to foreign adversaries. China controls more than 90% of global rare earth processing capacity, while the U.S. imports 100% of its titanium sponge.
SAGA Metals has drilled more than 23,000 meters at its Radar project, with all 92 drill holes intersecting mineralization. A maiden mineral resource estimate is expected in Q4 2026, alongside ongoing drilling at the Wolverine heavy rare earth project. | | See what's next for SAGA Metals before the deadline hits |
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Consumer Discretionary | |
Rivian (NASDAQ:RIVN) is taking investors on a wild ride this week. But it has nothing to do with the performance of its electric trucks. The company’s stock is up 3.39% for the week as of this writing. That’s welcome news for investors who have watched the stock decline 64% in the last... Read the Full Story |
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Consumer Staples | |
Shares of Lamb Weston (NYSE: LW) have been a hot potato since hitting bottom earlier this year but the meteoric rebound may be over. The FQ1 results are strong and point to solid results in the future, plus a strong dividend payment. However, other factors hang over Lamb Weston stock that may cap ... Read the Full Story |
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From Our Partners | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
From there, it outlines specific options criteria designed to match that potential move, giving traders a complete setup before the market opens.
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Technology | |
DocuSign Inc. (NASDAQ: DOCU) has had one of the most stunning falls from grace during the 2022 bear market. Since climbing above $300 a year ago, the e-signature software provider’s share price is back at pre-COVID levels.
In some ways, the company’s pandemic booster shot up the char... Read the Full Story |
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Markets | |
Rite Aid (NYSE:RAD) needed to deliver some magic to investors. A strong earnings report would have helped. Instead, the beleaguered pharmacy chain tried its best to put a happy face on a lousy earnings report. Unfortunately, that’s a familiar tune that sends a sour note to investors.
In S... Read the Full Story |
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Healthcare | | 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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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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Thursday's Early Bird Stock Of The Day MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany. | | View Today's Stock Pick |
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