Good MorningEquity markets confirmed the downtrend last week forming a Dark Cloud Cover on the weekly charts of most major indices. The Dark Cloud Cover is an ominous signal akin to an Outside Day and it points to lower prices for the S&P 500. The fact this signal occurs below key resistances such as the 150-day moving average, the top of a channel, and at a previous low only makes it stronger. The index may hover at current levels for the next week or two but, without a change in the economic winds, a move lower is all but assured.
There are two major hurdles for the market this week and the first is election day. The election will bring a change to the outlook, for better or worse, and it could alter the trajectory of the stock market. The other hurdle is the CPI reading for October. This is the 1st of 4 major inflation readings before the next FOMC meeting and will absolutely have an impact on the outlook for inflation, interest rate hikes, and the odds of a major recession in 2023. Featured: See the Daily 10AM setup for 4PM payouts (Ad) 
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Markets | | | Heart disease equipment maker Edwards Life Sciences (NYSE: EW) stock has fallen (-46%) on the year after a disastrous reaction to its Q3 2022 earnings report. The maker of heart valve systems and repair products for both surgical and transcatheter therapies reported a small miss and lowered its full... Read the Full Story |
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Markets | | | Warren Buffett's company reported a $2.7 billion loss Saturday as the paper value of its investment portfolio fell during the third quarter, but most of its operating businesses performed well with the notable exception of Geico Read the Full Story |
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Markets | | | Semiconductor company Advanced Micro Devices (NASDAQ: AMD) stock is down (-52.5%) on the year underperforming both the Nasdaq (NYSEARCA: QQQ) down (-36%) and the Semiconductor index (NASDAQ: SMH) down (-39%) for the year. Investors fear that rising interest rates, global recession, a strong U.S. dol... Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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Markets | | |
In what’s been a good year for the solar industry, First Solar, Inc. (NASDAQ:FSLR) is the most radiant performer.
Shares of the Arizona-based company have doubled since July 2022 and are up more than 70% year-to-date. They are trading at their highest level in more than a decade and on pace... Read the Full Story |
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Markets | | | Global coffee products retailer Starbucks (NYSE: SBUX) stock has evolved beyond just coffeeshops as it has expanded to include brands like Teavana, Ethos, Princi, Seattle’s Best Coffee, Evolution Fresh, and Starbucks Reserve under its umbrella. Starbucks has established its brand as a premium ... Read the Full Story |
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From Our PartnersWith the next presidential cycle heating up and Trump leading the charge, major market shifts are already taking shape.
For investors who position early, the opportunities could be significant.
That’s why we’ve just released a brand-new report:
📈 “5 Best Stocks to Buy Under Trump’s Presidency.” | | | Get the full report here—and stay ahead of the curve. |
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Markets | | |
Even a perennial outperformer like Amazon.com (NASDAQ: AMZN) takes its lumps once in a while. After finishing higher in each of the last seven years, the company is on pace to lose roughly half its market value in 2022.
Common culprits like supply chain disruption and higher labor costs hav... Read the Full Story |
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Tech | | | The discourse was never all that civil on Twitter. The loudest voices have often drowned out softer, more nuanced takes. After all, it's much easier to rage-tweet at a perceived enemy than to seek common ground, whether the argument is about transgender kids or baseball.
In the chaos... Read the Full Story |
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Tech | | | As Sharon Wilson pulled up to the BP site in Texas last June, production tanks towered above the windblown grass roughly 60 miles southeast of San Antonio. Cows and pumpjacks lined the roadsides.
All looked placid. But when Wilson flipped on a high-tech video camera, a disquieting ima... Read the Full Story |
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Politics | | | With Medicare’s open enrollment underway, health experts are warning older adults about an uptick in misleading marketing tactics that might lead some to sign up for Medicare Advantage plans that don’t cover their doctors or prescriptions and drive up their out-of-pocket costs Read the Full Story |
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Markets | | | Los Angeles County prosecutors will look into past cases involving a former police captain who allegedly tipped off CBS executive Les Moonves that a woman had filed a confidential police report accusing him of sexual assault, the district attorney’s office said Friday.
“Our office is... Read the Full Story |
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Monday's Early Bird Stock Of The Day Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington. | | View Today's Stock Pick |
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