Good MorningEquities rebounded for a fourth day as investors scoop up newly found bargains. The move may gain momentum now that retail sales data and earnings from the major retailers is in, but investors should be cautious in the near term. While bullish, the action of late is driven in large part by short selling and short-covering so should not be viewed as true buying. The S&P 500 may continue to move upward in the near term but there is a chance for resistance at the 4,100 to 4,200 range. If resistance is present at that range the index could fall back to the newly set low and possibly lower.
The next big hurdle for the week will come next Friday in the form of the PCE price index. The PCE price index is the Fed's favored tool for measuring consumer-level inflation and it has been running very hot over the past year. Another month of record-level inflation with no sign of it relenting could seal the fate of the Fed's ability to provide a soft landing in regard to the economy. With inflation running rampant, the FOMC may have no choice but to intentionally induce a recession. Featured: This Elon Musk Photo Could Be Worth Millions (Ad) 
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Communication Services | | Video-game maker Take-Two Interactive (NASDAQ: TTWO) had been having a run of very poor form before their fiscal Q4 earnings were released this week. Since hitting an all-time high in January of 2021, they’ve only gone down since, a full 50% to be exact, with any hint of a rally in the meantim... Read the Full Story |
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From Our Partners | | James Altucher called Facebook's rise past 100 billion dollars in 2007 and Apple's run to a trillion years later, both times facing skepticism.
Now he's tracking a new Elon Musk production facility that could begin operations as soon as October 21, tied to what he calls a potential 2 quadrillion dollar opportunity by 2040, based on Dallas Fed data.
Altucher has put the full story and drone footage into one presentation. | | Watch the full presentation before October 21 |
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Markets | |
No Heat In Weber, Inc’s Outlook, Shares Fall
There were great hopes for Weber, Inc (NYSE: WEBR) and the grilling industry in general but those hopes have gone up in smoke. While business is still good, growth is slowing under the influence of inflation, supply chain headwinds, and a lack o... Read the Full Story |
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Markets | |
What's a dividend stock?
A dividend stock is a publicly-traded company that shares regular profits with shareholders in the form of dividend payouts. Dividend companies typically offer solid profits and often pay consistent dividends. Many companies pay dividends on a regular basis — some a... Read the Full Story |
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From Our Partners | | Karim Rahemtulla screened all 23,281 publicly traded US stocks against strict profitability, growth and valuation criteria. Only one company survived.
The result: a firm generating more than 3 billion dollars in operating income, growing revenue over 15 percent, and raising its dividend more than 20 percent over three years, all while valued under 8 billion dollars. It sits at the intersection of energy and AI, already working with a major AI name. | | See the one stock that survived Karim's full market screen |
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Communication Services | | Streaming platform and hardware provider Roku (NASDAQ: ROKU) stock has tumbled (-58%) for the year and over (-70%) since hitting its all-time high of $490.76 on July 19, 2021. The leading U.S. streaming player has continued to ride the cord-cutting tailwinds. TV streaming devices surpassed legacy se... Read the Full Story |
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Communication Services | |
The Analysts Downgrade Take-Two Interactive On Weak Guidance
Take-Two Interactive (NASDAQ: TTWO) is a powerhouse in the gaming world and one that is about to grow with the incorporation of Zynga into the fold. The stock is rebounding strongly in the wake of the Q4 results but we aren’t buy... Read the Full Story |
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From Our Partners | | Gold pays no dividends, no interest, no yield - it just sits there. Yet investors are reportedly collecting up to $1,127 a month from a little-known 15 dollar fund built around it.
This fund turns gold's price swings into cash, paid out every single Friday. | | See exactly how this weekly-paying gold fund works today |
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Consumer Staples | |
Growth Peaks For Walmart, Shares Pull Back
Walmart (NYSE: WMT) has been one of the few retailers who haven’t leaned into pricing to boost its results but that may be about to change. The company’s strategy helped it sustain YOY revenue growth but at a very tepid rate while bottom-lin... Read the Full Story |
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Markets | | VMware, Inc. (NYSE: VMW) presents an attractive opportunity to take a risk on a company that's helping others to migrate to cloud environments. The firm's strong revenue growth and margins make it popular with investors despite being down -14.98% YTD. The company is also trading -28.43% below the Ma... Read the Full Story |
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Energy | |
From outperformance over a period of minutes to weeks, momentum can be defined in many ways. Day traders tend to care most about a stock’s short-term momentum while buy-and-hold investors typically focus on the long term.
As far as longer-term momentum strategies go, stocks with sizable yea... Read the Full Story |
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Consumer Discretionary | |
Home Depot Beats And Raises, But …
Shares of Home Depot (NYSE: HD) are up more than 4.0% in premarket trading following what was a better than expected Q1 report. As good as the report is, however, the gains are made on the back of rising prices that are cutting into total volume and the ... Read the Full Story |
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Consumer Discretionary | |
Etsy, Inc. (NASDAQ: ETSY) is one pandemic has-been that could be getting a second wind.
Six months ago, a major selloff was unfathomable for the marketplace of all things original. E-commerce was booming and the stock was peaking above $300.
It’s been downhill since for Etsy shareholders w... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, the company provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair services. Further, it offers warranty and after-market repair services. It offers its products through a direct sales force, independent sales representatives, channel partners, and distributors. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado. | | View Today's Stock Pick |
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