Good MorningEquities pulled back for another day on Wall Street as fear of recession in 2023 grips the market once again. While nothing has changed fundamentally, the number of CEOs calling or preparing for a recession is growing. The risk for investors now is that economic contraction won't happen and the S&P 500 will continue to rally well into next year.
The next hurdles for the market are at hand. Friday will bring the PPI index and next week is the December FOMC meeting. The PPI is not expected to show much change versus the previous month which is bad news, high and steadily rising producer prices can only mean higher prices for consumers down the road. As for the FOMC, the committee is expected to raise rates by 50 basis points at the next meeting but the tone of the statement could change. The latest news from that direction is that interest rates move higher than currently expected and remain that way for longer. Featured: The case for trading fewer setups, not more (Ad) 
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Retail/Wholesale | | If there’s a slowdown in consumer spending, it hasn’t affected Ulta Beauty (NASDAQ: ULTA), which is trading at new highs following last week’s better-than-expected third-quarter report.
Is the stock a buy right now, given its solid prospects?
Ulta is up 3.34% in the past week, ... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Finance | |
For many investors, investing during a bear market means staying away from small-cap stocks. That could be a mistake as these stocks are the ones that often lead the way when the market reverses. And...spoiler alert...the market always does turnaround.
Nevertheless, quality still matters, and it... Read the Full Story |
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Consumer Discretionary | |
Worst to first. It can happen fast when it comes to U.S. stocks.
One of the hottest groups in the recent market rally is consumer cyclicals. Long a distant underperformer in 2022, the sector has come to life in recent weeks thanks to some improved economic data, signs that inflation may have peak... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Technology | | China-based social e-commerce platform Pinduoduo (NASDAQ: PDD) stock has been a rocket ship since its blowout Q3 2022 earnings report. Unlike China’s largest e-commerce and internet company JD.com (NYSE: JD), Pinduoduo incorporates an interesting twist to e-commerce by adding a true social ele... Read the Full Story |
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Retail/Wholesale | |
The winter holiday season is an important time for retailers, as many rely on sales over this two or three-month period to shore up slower periods of the year. That means it is also an important time for investors, as sales from the holiday season could offer a quick return on investment or a lowe... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Markets | |
Becoming a consistently profitable trader involves time as well as strategy. You likely can't consider yourself profitable after one or even 10 winning trades. It's important to understand that losses are inevitable in the financial markets. In fact, sometimes losses are part of a smart strategy. ... Read the Full Story |
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Retail/Wholesale | |
Autozone (NYSE: AZO) and its competitors like Advance Auto Parts (NYSE: AAP) have been running rings around the average S&P 500 company and it doesn’t look like that is going to end soon. Not only has the company been able to sustain a market-beating pace of performance but robust capit... Read the Full Story |
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Technology | |
The story on Splunk Inc. (NASDAQ: SPLK) isn’t an unfamiliar one.
During the early months of the pandemic, the software stock soared to record highs on the accelerated digital transformation (not to mention stay-at-home trader euphoria).
As normalization and Fed rate hikes then set in, the... Read the Full Story |
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Technology | | Contract semiconductor manufacturer GlobalFoundries (NYSE: GFS) is the fourth largest producer of computer chips producing 7% of the world’s supply. This pales compared to the 53% market share controlled by Taiwan Semiconductor Manufacturing Company (NYSE: TSM). It’s ironic that GlobalF... Read the Full Story |
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Technology | |
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a prime example of what can happen when the herd mentality turns bearish. The cybersecurity stock fell to a 52-week low last week as the market slammed a third quarter earnings report that would’ve been applauded in a stronger economy.
Contrary to... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Herc Holdings Inc., together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment. The company also sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies; provides repair, maintenance, equipment management, and safety training services, as well as offers ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, food and beverage, and refineries and petrochemical industries; infrastructure and government sectors; and commercial and retail service, hospitality, healthcare, recreation, entertainment production, and special event management customers through its sales team, industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. As of December 31, 2017, it operated approximately 275 locations in the United States, Canada, China, the United Kingdom, Saudi Arabia, and Qatar. Herc Holdings Inc. is based in Bonita Springs, Florida. | | View Today's Stock Pick |
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