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: Move Your Money Here Before August 31st (Ad) 
|
Consumer Discretionary | |
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 have bee... Read the Full Story |
|
From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, says two forces - AI disruption and fracturing global trade - are triggering a historic wealth transfer already underway in 2026. Household names like Intuit (-57%), Boston Scientific (-49%), and Tractor Supply (-40%) are cratering, while lesser-known companies like Sandisk (+573%) and Rackspace (+444%) surge.
Chaikin has identified specific stocks he believes investors should sell before they fall further - and the names may surprise you. He's also pinpointing a company tapped as Nvidia's self-driving partner and a potential AI megadeal that could split into three high-growth stocks.
Stream his free presentation to get every buy and sell recommendation with no membership or credit card required. | | Watch Marc Chaikin's free presentation and get his full buy-and-sell list today |
|
Consumer Discretionary | | 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 |
|
Consumer Discretionary | | How to invest in blue chip stocks, exactly? The short answer: carefully, just like with any other investment. Investing in blue-chip stocks depends on your preferences, risk tolerance, portfolio objectives and diversification. When investing in blue chips, it's important to make the right choices.... Read the Full Story |
|
From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
|
Healthcare | | 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 |
|
Technology | | 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 |
|
From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
|
Technology | |
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 |
|
Materials | |
Barrick Gold (NYSE: GOLD) was up more than 6% the day after the stock dropped 9% after delivering earnings on November 3. The report gave investors good news and bad news.
On the positive side, the gold miner beat on both the top and bottom lines. Revenue came in at $2.53 billion which was 2.5%... Read the Full Story |
|
Consumer Staples | |
In a year where most stocks are falling hard, The Hershey’s Company (NYSE: HSY) stands out for the right reasons. Heading into its quarterly earnings report, shares of the candy-making giant were up over 25% for the year. And there was nothing about the earnings report that should cause inve... Read the Full Story |
|
Technology | |
Datadog (NASDAQ: DDOG) shares are down more than 50% from their all-time high but it doesn’t deserve to be in the doghouse. The company’s valuation may have gotten out of hand back at the end of 2022 but now, with shares down at more reasonable levels, it's more in line with reality an... Read the Full Story |
|
Technology | |
Semiconductor company Advanced Micro Devices (NASDAQ: AMD) just reported their fiscal Q3 earnings on November 1, 2022, with mixed results, but a few key points give them an edge. For one, revenue is up 29% YOY, to $5.57 billion. Furthermore, net income increased by 23% to more than $1 billion. And... Read the Full Story |
|
Monday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
|
