Good MorningThe equities markets extended the rebound for another day on Tuesday but the action was mixed. The S&P 500 opened with a gain, moved higher intraday but closed below the open to form a dark spinning top candle. This candle is a sign of resistance and indecision within the market and could lead to more sideways action in the days to come. While the reports from Walmart and Home Depot were good news for the retail sector in Q3 the outlook for Q4 and next year remains questionable.
The economic data was also mixed on Tuesday. While the Producer Price Index came in cooler than expected surprisingly strong manufacturing data suggest inflation may not be gone long. The worst of the news was a large 7% surge in household debt during Q3 that has it at the highest levels in over a decade. While consumers are spending, they are also racking up new debt at higher interest rates and that will put a ceiling on spending sooner rather than later. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Medical | |
Shares of mega-cap pharmaceutical AbbVie (NYSE: ABBV) added to their recent uptrend Tuesday, closing at $153.04, up $1.30, or 0.86%. Shares have been in rally mode since the company reported its third quarter in late October.
The company specializes in medications for virology, immunology, oncol... Read the Full Story |
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Technology | | Power Integrations (NASDAQ: POWI) is a supplier of analog and mixed-signal integrated circuits (IC) and high-performance electronic components for the power supply market. It allows for efficient and compact AC-DC power conversion products for power supply ranging from under one watt up to 500 watts... Read the Full Story |
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Retail/Wholesale | |
Walmart’s (NYSE: WMT) Q3 results are good but they are no reason to start chasing the stock higher. The market is moving up on relief as much as anything else and the risks for the company remain. As with Home Depot (NYSE: HD), the Q3 period is strong but inflation remains an overshadowing i... 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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Retail/Wholesale | |
If you are wondering why Home Depot (NYSE: HD) results were no catalyst for the bulls it’s because the news just kicked the risk down the road. The revenue and earnings were better than expected but, after taking the guidance into account, the Q4 period may be on the weak side and the outloo... Read the Full Story |
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Medical | | S&P 500 component Agilent Technologies (NYSE: A) reversed lower with the broader market on Monday. The stock may form a high handle to a cup pattern that began in late August, or it may find short-term moving average support as it remains in buy range.
The company makes bio-analytical and meas... Read the Full Story |
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Markets | | Penny stocks may seem like a good place to start if you are new to investing. As their name implies, a penny stock is one whose share price is under $1, though the term often includes stocks that are valued under $5.
But a low price does not mean low risk. Sure, they can gain traction quickly, but ... Read the Full Story |
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Retail/Wholesale | |
The days of pandemic-fueled profits and $300 share prices are a distant memory for Wayfair Inc. (NYSE: W). Things were bound to normalize for the online home goods retailer, but its fall from grace has been one of the most stunning post-Covid plunges yet.
The reality check back to 2014 IPO levels... Read the Full Story |
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Technology | |
Very few technology stocks are trading at 10-year highs, but San Jose-based Sanmina Corporation (NASDAQ: SANM) is one of them.
Last week, the mid-cap gapped up after another strong quarterly report. It put a bow on what was a phenomenal fiscal 2022 for the company. Earnings per share (EPS) handi... Read the Full Story |
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Auto/Tires/Trucks | |
The Chinese electric vehicle (EV) manufacturer NIO (NYSE: NIO) released its unaudited third-quarter results for 2022 on November 10, which reported mixed developments for the company.
Although NIO recorded record-high vehicle deliveries and significant top-line revenue growth, its net loss swe... Read the Full Story |
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Consumer Discretionary | | Video game developer and publisher Take-Two Interactive Software (NASDAQ: TTWO) stock got pummeled on its recent fiscal Q2 2023 earnings report. Losses were larger than expected with 70% attributed to the weakness in its mobile business and $50 million in FX headwinds as it collects 40% of net reven... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Blue Owl Capital Inc. operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. Blue Owl Capital Inc. is headquartered in New York, New York. | | View Today's Stock Pick |
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