Good MorningEquity markets rebounded strongly last week after a better-than-expected CPI report. The report shows inflation slowed more than expected but it is still high and in line with an outlook for continued FOMC interest rate hikes. The news sent the S&P 500 up more than 6.5% in two days and has it on track to retest the 4,100 level but the market is not out of the woods. The weak CPI data lead to a weaker dollar and that has oil prices moving higher which is a spur for inflation.
This week, the market will be focused on a full slate of economic data that includes several key reads on the housing market, manufacturing data, and the index of leading indicators. The index of leading indicators has been negative for the last 5 months and is expected to contract again. The takeaway is that, even with light CPI data, the damage to the economy may have already been done. Featured: Elon Musk Called a Total Fraud in 2018 - Here's What Changed (Ad) 
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Communication Services | | Social media technology provider Alphabet (NASDAQ: GOOG) stock is down (-33%) for the year after rallying 11% off its earnings lows. As complicated as Alphabet and its numerous side ventures can be, it is really just a massive advertising platform powered by the world’s most active search engi... Read the Full Story |
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From Our Partners | | Jeff Brown, founder and CEO of Brownstone Research, says he has uncovered what he calls one of the biggest discoveries of his career tied to the ongoing AI boom.
Brown is pointing to a key date, October 20, and is highlighting five AI-related opportunities outside the traditional stock market that most investors have never heard of. | | Click here to see the full research before October 20 |
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Communication Services | | Media and entertainment giant The Walt Disney Company (NYSE: DIS) stock has seen better days as shares cratered under the $90.71 double bottom on its weak Q4 2022 earnings release. Since the pandemic, Disney has been identified as a video streaming company and judged by its subscription base for Dis... Read the Full Story |
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Technology | | Shares of solar battery system maker Enphase Energy (NASDAQ: ENPH) briefly cleared a buy point Friday, but reversed lower, even as the broader market advanced.
That type of price action happens fairly often, as investors who bought at certain levels nab profits as the stock overcomes price resistan... Read the Full Story |
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From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
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Healthcare | | Medical device maker DexCom (NASDAQ: DXCM) has been trading in a fairly tight range recently, holding gains from the company’s third-quarter report in late October.
The stock is up 16.33% in the past month. Even before the 19% gap-up following the earnings report, DexCom was already beginnin... Read the Full Story |
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Markets | |
If you are wondering if this rebound in the S&P 500 (NYSEARCA: SPY) will hold, if the selloff and bear market is over, they’re not. The CPI for October was better than expected and the market cheered, delivering a solid 5%+ move, but there is a single reason to fear another surge in infl... Read the Full Story |
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From Our Partners | | MindWalk Holdings (NASDAQ: HYFT) is applying AI to drug discovery, and its customer base already includes 19 of the top 20 global pharmaceutical companies.
The company's HYFT technology maps roughly 660 million biological patterns and 25 billion relationships. Q1 fiscal 2027 revenue hit $3.8 million, with gross margin improving to 59 percent in its fifth consecutive quarter of year-over-year growth.
A new OpenFold3 deployment delivered about 5x faster antibody-antigen inference, and a $30 million revolving credit line, free of warrants or equity conversion, adds fuel for expansion. | | Take a closer look at HYFT before AI reshapes drug discovery. |
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Healthcare | | Mid-cap Neurocrine Biosciences (NASDAQ: NBIX) continued its uptrend Thursday, along with the market-wide broad rally.
The stock came within a penny of Tuesday’s all-time high of $125.99 before pulling back. Nonetheless, the San Diego-based biotech finished the session with a gain of $1.40, or... Read the Full Story |
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Markets | |
Six Flags Entertainment (NYSE:SIX) is up over 13% on a day when the market is staging a relief rally of epic proportions. It shouldn’t be. The company posted earnings that confirmed a trend of two consecutive quarters where revenue and earnings are lower on a year-over-year basis.
Revenue... Read the Full Story |
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Utilities | |
Vision Hydrogen Corporation (OTCMKTS: VIHD) is a renewable energy company with a primary focus on developing clean hydrogen production facilities which supply clean hydrogen to manufacturers and gas and power traders. They also work with consumers in the industrial and heavy and marine transportat... Read the Full Story |
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Consumer Discretionary | |
Hanesbrands (NYSE:HBI) is down just about 2% the day after reporting weak third quarter earnings and lowering its guidance for the coming quarter. But that drop of 2% is on the coattails of the broader market which is surging after the October Consumer Price Index (CPI) number came in lower than e... Read the Full Story |
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Consumer Discretionary | |
If you are wondering what Coupang (NYSE: CPNG) is and why it’s up 25% in a single day that’s easy. The company is an eCommerce company focused on South Korea and it just reported a profit. The news has the stock up more than 25% in intraday trading and it could go higher but don’... Read the Full Story |
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Monday's Early Bird Stock Of The Day Fidelity National Information Services, Inc. engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions. It also offers trading and asset, lending, leveraged and syndicated loan markets, and treasury and risk solutions. The company was founded in 1968 and is headquartered in Jacksonville, Florida. | | View Today's Stock Pick |
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