Good MorningEquity markets fell hard on Tuesday, shedding more than 2.0% by the end of the day. The move may be a referendum on the election results, but there is more to the story as well. Not only were there a number of bad earnings reports from names like Disney, but the CPI index is due out today. The expectation for the CPI wasn't good, and there is a chance that it could come in hot and accelerate at a quicker pace than the market has priced in. Regardless, the data will be consistent with the Fed's outlook unless it falls by an unexpectedly sharp amount.
With earnings season winding down and the CPI behind us, the market will have nothing but economic data and day-to-day news to drive it, and that is a recipe for volatility. The next major economic reports are due out next week and include retail sales, the home builders index, key reads on manufacturing, and the Index of Leading Indicators. As it is, good news for the economy is bad news for inflation and interest rate hikes and may cap gains in the market. Featured: AI doesn’t run on chips. It runs on this. (Ad) 
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Finance | | Charles Schwab (NYSE: SCHW) has evolved beyond its humble beginnings as a discount broker. Even before the advent of the internet, Schwab’s niche was offering its discount brokerage services to retail investors at a cheap one-price commission garnering nearly a 51% market share of retail inves... Read the Full Story |
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From Our Partners | | The new Fed chair just told Congress we are at a hinge point in history, signaling tighter policy ahead. When cheap money dries up, the wrong stocks can fall hard and fast.
Weiss Ratings tracks 15,000 U.S. stocks and runs 1.2 billion calculations daily - flagging risk before headlines do. It rated Nvidia a Buy in 2011 (up nearly 30,000%) and downgraded Fobi AI to Sell in 2019 (down 80% today). | | Discover the top 10 stocks to buy and sell today |
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Technology | | Ever wonder how those commercials on your streaming services, like Hulu, seem to know a lot about you? Companies like online ad platform The Trade Desk (NASDAQ: TTD) are one of the parties behind this narrow targeting.
The Ventura, California company has been profitable since going public in 2016.... Read the Full Story |
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Auto/Tires/Trucks | | Revenue is growing and losses are narrowing, but that wasn’t enough to stop shares of luxury electric vehicle maker Lucid Group (NASDAQ: LCID) from gapping down Wednesday.
The company reported third-quarter results late Tuesday, with shares plummeting more than 18% on news of declining reserv... Read the Full Story |
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From Our Partners | | Under Executive Order 14299, President Trump has ordered the U.S. Army and Department of Energy to launch a bold new joint project on American soil.
Most people won't know this operation is underway - but its outcome could be pivotal to America's future. Chief Investment Strategist Adam O'Dell of Money and Markets has the full story. | | Click here now to see what the Army and DoE are preparing |
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Technology | |
On the heels of stronger orders, than they expected, DoorDash (NYSE: DASH) stock jumped nearly 12% in premarket trading on Friday, last week, even as the quarterly loss was wider than they expected. Apparently, customers are still willing to spend more money on delivery food as prices continue to ... Read the Full Story |
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Consumer Discretionary | |
If you have been thinking about picking up a few shares of DraftKings (NASDAQ: DKNG), analysts would advise you wait for now, as they have given the stock a [Moderate] BUY rating after it fell more than 12% in premarket trading this last week. The surprise slip came after the online sports betting... Read the Full Story |
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From Our Partners | | An official SEC document contains a name Elon Musk revealed on page 146 - a startup that one analyst believes could be the next monster IPO on Wall Street.
This company is growing 23 times faster than Nvidia. The Atlantic called it 'the fastest-growing business in the history of capitalism.' It has nothing to do with robots, self-driving cars, or rockets. | | Get the name and full details, 100% free of charge |
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Auto/Tires/Trucks | | As one of the largest tire manufacturers in the world, Goodyear Tire and Rubber Company (NYSE: GT) was hit hard during the pandemic when commuters stayed off the roads under stay-at-home mandates. Shares fell as low at $4.09 in March 2020. The reopening triggered a spike in automobile sales and com... Read the Full Story |
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Auto/Tires/Trucks | |
Two days after reporting Mullen Automotive’s (NASDAQ: MULN) short interest was growing despite a string of good news, the company released more good news that has upward pressure building for this market. The news is a deal with Ireland’s Newgate Motor Group for the i-Go. The i-Go is a... Read the Full Story |
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Technology | |
Green energy stocks like Plug Power (NASDAQ: PLUG) and Blink Charging (NASDAQ: BLNK) are struggling with near-term headwinds now, but they are also getting into position for big gains in 2023. While focused on different aspects of the green energy industry, both are building out in-demand services... Read the Full Story |
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Technology | |
The semiconductor manufacturing industry has been powering down throughout 2022, but newly-public GlobalFoundries (NASDAQ: GFS) is bucking that trend with a gain of 10.90% in the past month and 5.99% in the past three months.
On Tuesday, shares popped 8.62%, or $4.85, closing at $61.12. Trading v... Read the Full Story |
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Consumer Discretionary | |
Disney’s (NYSE: DIS) earnings are always among the most eagerly awaited each quarter and in many ways, can act as a bellwether for the broader economy. On the one hand, their Parks business gives investors a certain type of pulse on consumer sentiment and discretionary spending, while their ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Bright Health Group, Inc., a healthcare company, provides health insurance policies in the United States. It operates in two segments, Bright HealthCare and Consumer Care. The Consumer Care segment delivers virtual and in-person clinical care services contracts through primary care clinics. It operates managed and affiliated risk-bearing clinics within its integrated care delivery system, which included embedded pharmacy, laboratory, radiology, and population health focused specialty services. The Bright HealthCare segment offers medicare health plan products to consumers. The company was formerly known as Bright Health Inc. and changed its name to Bright Health Group, Inc. in February 2021. Bright Health Group, Inc. was incorporated in 2015 and is headquartered in Minneapolis, Minnesota. | | View Today's Stock Pick |
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