Good MorningEquity markets retreat on Thursday as fears of slowing earnings and recession took hold of the market again. The fear was driven by a rebound in the 10-year Treasury yield and weaker-than-expected results from a number of retailers. While the Q3 period was generally better than expected, the outlook for Q4 and 2023 has dimmed and brought the consensus figures for the entire S&P 500 down with them.
Economic data added to the doom and gloom on Wall Street. The Philly Fed's MBOS came in at -19 and much weaker than expected showing a deep contraction within one of the Northeast's busiest manufacturing centers. When added to the bulk of data the Philly Fed news points to a worsening outlook for 2023 and one that could bring a sustained economic contraction for the US and the S&P 500. Featured: What Saudi Arabia just did to the dollar changes everything (Ad) 
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Technology | | Share buybacks, capacity expansion, acquisition plans, and semiconductor trade skirmishes all factor into the recent uptrend in Netherlands-based chip gear maker ASML (NASDAQ: ASML).
Shares soared 17.82% in the past week and 52.41% in the past month, and are currently trading 24% above their 50-da... Read the Full Story |
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From Our Partners | | Porter Stansberry, founder of one of the largest financial research firms in the world, says he's breaking the biggest story of his 26-year career - an economic shift not seen since 1776.
From the government taking stakes in Intel, Lithium Americas, and MP Materials, to sweeping political changes reshaping the economy, Stansberry argues a rare 'New 1776 Moment' is already underway. One Nobel Prize winner calls it a dividing line for all of society.
His presentation covers the stocks to buy, the stocks to sell, and three money moves to position yourself on the right side of this shift. | | Watch Porter Stansberry's full briefing and learn how to prepare now |
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Technology | | Verra Mobility (NASDAQ: VRRM) is a smart mobility technology solutions company that operates three segments: Government Solutions, Commercial & Fleet Services, and Parking Solutions. Government Solutions services the dreaded photo enforcement cameras for running red lights, speeding, and school ... Read the Full Story |
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Retail/Wholesale | |
Advance Auto Parts (NYSE:AAP) is down more than 15% after missing badly on the bottom line in its third-quarter earnings report. The company’s revenue of $2.64 billion came in roughly in-line with expectations. But on the bottom line, analysts were expecting $3.40 of earnings per share (EPS)... Read the Full Story |
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From Our Partners | | Small-cap moves rarely announce themselves. Street Ideas surfaces quiet setups with real momentum before they appear on mainstream radars.
With tomorrow's open approaching, three names are already showing early activity worth a closer look. Get the alerts that keep you ahead of the crowd. | | Join Free Today |
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Consumer Staples | |
The institutions and the analysts support BJ’s Wholesale Club (NYSE: BJ) and they have helped to push the stock up to all-time highs in recent months. On the institutional side, they’ve been net-buyers for 8 of the last 9 consecutive quarters and hold more than 98% of the stock, the re... Read the Full Story |
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Auto/Tires/Trucks | |
Investors, traders and short-sellers interested in the next major catalyst for Mullen Automotive (NASDAQ: MULN) stock should circle December 23rd, 2022 on their calendars. On that day the company will vote on a number of major proposals that have great bearing on its future. Among them are a rever... Read the Full Story |
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From Our Partners | | Looking for better stock ideas? Sign-up to receive The Early Bird Stock of the Day. Each day, MarketBeat's team of expert research analysts identifies one compelling stock and provides both a bull case and a bear case for each company. | | Get The Early Bird's Stock of the Day (Free) |
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Technology | | It’s always darkest before the dawn, and so it might well have been for shareholders of NVIDIA (NASDAQ: NVDA) in the middle of last month. They had had to watch the stock drop all year, almost 70%, from the all-time high they tagged this time last year. And crucially, shares were after droppin... Read the Full Story |
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Technology | | There are glamorous techs, such as cloud computing, networking, and cybersecurity firms, and then there are companies like Super Micro Computer (NASDAQ: SMCI), which makes power boards, chassis, and other gear for servers and networks.
But it doesn’t always take a “celebrity stock&rdqu... Read the Full Story |
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Energy | |
The ex-dividend date for Chevron (NYSE: CVX) has passed, which was November 17.
Investors might be wondering if the stock is still worth buying despite not receiving a dividend in December.
There are some valid considerations for both sides of the argument, so let’s look at the bull and b... Read the Full Story |
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Finance | |
The short-interest ratio for AGNC Investment (NASDAQ: AGNC) spiked hard in October and now the ratio sits at around 5.23% of its total market float.
27,110,000 shares were sold short ending on October 31, which represents an 11.3% increase from 24,350,000 on October 15th.
Although short interes... Read the Full Story |
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Transportation | | Shares of ZIM Integrated Shipping Services (NYSE: ZIM) soared at the open Wednesday after the company reported better-than-expected third-quarter results.
Meanwhile, industry peer Star Bulk Carriers (NASDAQ: SBLK) was trading lower after hours after the company reported earnings per share of $1.3... Read the Full Story |
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Friday's Early Bird Stock Of The Day Corsair Gaming, Inc., together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs and laptops, gaming monitors, and others; and PC gaming software comprising iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels and distributors. Corsair Gaming, Inc. was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc in August 2017. The company was incorporated in 1994 and is headquartered in Milpitas, California. | | View Today's Stock Pick |
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