Good MorningAs traders brace for another round of key economic data, equity markets pulled back again on Thursday. The round begins today with the release of the NFP report, which is expected to show steady and stable job gains, if not robust, job increases. This news will be compounded by several reports next week, including the CPI, which is expected to be hot. The takeaway for investors is the news should confirm the need for another aggressive FOMC interest rate hike which will not be good news for the market. If the index can not get above the current levels by the end of next week, the odds are high for another big drop in stock market prices.
Next week also brings the onset of peak reporting season for the Q3 period. The bulk of reports are expected to be tepid and could also include margin compression and weak guidance. The takeaway here is that estimates have been falling for the last two months, so the average S&P 500 company should be able to beat the consensus easily. The question is by how much and if it will be enough to get the market back into rally mode. With inflation and interest rates still on the rise, however, a major rally does not appear to be in the cards. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Technology | | Mid-caps Digi International (NASDAQ: DGII), Lamb Weston Holdings (NYSE: LW) and Wingstop (NASDAQ: WING) all climbed higher recently n heavy trading volume, even as the broader market reversed lower.
As a whole, mid-caps have been slightly outperforming the S&P 500. The SPDR S&P MidCap 400 ... Read the Full Story |
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Auto/Tires/Trucks | |
Lucid Motors (NASDAQ: LCID) stock is down 62% for the year. And LCID stock is down nearly 75% from its 52-week high set last November. Demand for electric vehicles (EVs) is on the rise. But like many companies in the space, Lucid is finding it hard to meet its production goals. In fact, Lucid lowe... Read the Full Story |
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Technology | |
A 15% jump in Box Inc. (NYSE: BOX) since the start of the month should tell you everything about the kind of momentum the cloud storage company carries into Q4. Its shares had been under pressure throughout September after forming a dangerous-looking double top over the summer, but there’s a... Read the Full Story |
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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Multi-Sector Conglomerates | |
If you’ve been perusing Marketbeat.com’s proprietary penny stock screening tool you’ve likely seen the name Addentax (NASDAQ: ATXG) or the ticker ATXG on the list. This stock IPO’d without much fanfare but shot up by quadruple digits in the first session. This might signify... Read the Full Story |
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Auto/Tires/Trucks | |
The market has an upward bias, and it's as good a reason as any for Ford Motor Company (NYSE: F) stock to climb over 8% in the week ending October 5. The company’s outlook for electric vehicle (EV) sales may be getting investors excited. According to the company, EV sales climbed nearly 200%... Read the Full Story |
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Markets | | Media and entertainment mid-cap World Wrestling Entertainment Inc. (NYSE: WWE) has been trying to grapple its way out of a price consolidation that began in mid-August as a broader market rally tapped out. On Tuesday, WWE rallied to its highest closing price in over three years. Along with Liberty M... Read the Full Story |
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Markets | |
American Virtual Cloud Technologies (NASDAQ: AVCT) is a pure play on cloud-based communications and is well-positioned in its field. The company has several strategic partnerships with big names like AT&T (NYSE: T), IBM (NYSE: IBM), and Etisalat that are helping to support the business but it ... Read the Full Story |
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Medical | |
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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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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Basic 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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Friday's Early Bird Stock Of The Day TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components. It also provides systems design and rack integration, build-to-order, and configure-to-order assembly; and thermal testing, power-draw testing, burn-in, and quality and logistics support. In addition, the company offers outsourced fulfillment, virtual distribution, and direct ship to end-users; shipping documents generation, multi-level serial number tracking, and configured products and online order and shipment tracking, as well as turn-key logistics solutions. Further, it provides public cloud solutions in productivity and collaboration, IaaS, or Infrastructure as a Service, PaaS, or Platform as a Service, SaaS, or Software as a Service, security, mobility, IoT, and other hybrid solutions. Additionally, the company offers online services; provides net terms, third party leasing, floor plan financing, and letters-of-credit backed financing and arrangement; and leases products and provides device-as-a-service, as well as offers direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, national and regional trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves value-added resellers, corporate resellers, government resellers, system integrators, direct marketers, retailers, and managed service providers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was founded in 1974 and is headquartered in Fremont, California. | | View Today's Stock Pick |
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