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: He started with $2,000. Now he's at $3 million. (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 | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Communication Services | | 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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Consumer Discretionary | | 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 | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Consumer Discretionary | |
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 | | 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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Consumer Discretionary | | 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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Consumer Discretionary | |
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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Industrials | |
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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Communication Services | |
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 Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications. The company offers data center and cloud networking systems, including newer artificial intelligence (AI) ethernet switching platforms; campus wired and wireless products, and routing systems addressing Core Routing, Edge Routing, Data Center Interconnect (DCI), Multi-cloud and Wide Area Networking (WAN) use cases; and a suite of value-add software solutions that leverage EOS to provide end-to-end orchestration, automation, analytics, network monitoring, and security. It also provides post contract customer support services, such as technical support, hardware repair and replacement parts beyond standard warranty, bug fixes, patches, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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