Good MorningEquity markets extended their slide on Tuesday falling not only to the lowest levels for 2022 but to the lowest levels in nearly two years as the market begins to accept the fact the FOMC is causing the US to fall into a deepening recession. The S&P 500 index fell more than 0.75% at the low of the day to break the key 3636 level and put the index on track to retest the lows set during the peak of the pandemic fear.
The next few days will be of utmost importance for the market. With the index set to make a technical retreat and the PCE price index due out on Friday the odds are high that the sell-off could begin to gain momentum. In this scenario, the S&P 500 could retreat as far as the 3,200 level before the peak of the Q3 earnings reporting season. If the report is better than expected, however, the market could stage another significant relief rally. Featured: Sell these "safe" blue chips immediately (Ad) 
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Healthcare | | Market volatility is back in the headlines after the Federal Reserve continued to hike interest rates during its latest meeting. The Dow Jones fell below 30,000, joining the S&P 500 in bear market territory. Since inflation continues to run hot and employment figures continue to remain at low le... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Industrials | | The sun is shining on solar stocks, such as SunPower (NASDAQ: SPWR) following the passage of the Inflation Reduction Act. During a market downturn, it’s critical to pay attention to companies showing fundamental and technical strength, as these could be among the next big winners in a bull ral... Read the Full Story |
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Industrials | |
FedEx Corporation (NYSE: FDX) sent shockwaves through the stock market by posting a big earnings miss and removing guidance due to “worsened” economic conditions. On the heels of a weak August retail sales report, the warning signaled that the U.S. economy (and potentially stocks) coul... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Markets | |
Clothing and apparel retailer The Gap (NYSE: GPS) has had a bad year with shares down (-54%) in 2022. The Company fired its last CEO in July after an abysmal Q1 earnings report and is currently seeking a new CEO. Almost every metric disappointed in the most recent Q2 earnings report with sales dow... Read the Full Story |
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Technology | | With interest on a meteoric rise to levels not seen in 2 decades or more, tech investors may be better suited to focus on blue-chip stocks like Jabil, Inc (NYSE: JBL) rather than growth-centric names or flash-in-the-pan startups. Jabil, Inc serves every industry and vertical from cloud to 5G and EV ... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | | Travel Drives AirBnB Revenue
AirBnB (NASDAQ: ABNB) continues to grow quickly largely as an increasing number of travelers look to alternatives to hotels. The average occupancy rate has been creeping up slowly and now is close to 52%, with an average price per room around $140.
During the latest e... Read the Full Story |
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Technology | | Shares of design software maker Autodesk (NASDAQ: ADSK) were trading higher Monday, bucking the broader market downdraft.
Early Monday, news broke that Dara Treseder would be joining Autodesk from beleaguered exercise gear maker Peloton (NASDAQ: PTON). She will serve as chief marketing officer, th... Read the Full Story |
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Consumer Staples | | The Clorox Company (NYSE: CLX) sailed to higher and higher stock prices during the heights of the pandemic and shortly after, as consumers whisked cleaning products off the shelves in droves. The company reported its strongest quarterly sales growth in more than two decades as of November 2020 and... Read the Full Story |
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Consumer Staples | |
Altria Group, Inc. (NYSE: MO) staged a mini rally last week that was eventually snuffed out by Friday’s market selloff—the fourth straight selloff to new 2022 lows nonetheless.
Still, with the tobacco leader outperforming the S&P 500 by 10% year-to-date, the stock’s defensi... Read the Full Story |
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Technology | |
E-commerce infrastructure platform Shopify (NYSE: SHOP) stock has fallen from a high of $176.29 to the recent low of $27.65 in less than a year’s time. Shares are down a tear jerking (-79%) in 2022. The pandemic accelerated e-commerce adoption by a decade according to some estimates. Shopify... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism. This segment also provides marine and aviation insurance services for offshore energy, renewable offshore energy, cargo, liability, including kidnap and ransom, fine art, specie, and hull war, hull and liability, and specific war coverage for passenger airlines, cargo operations, general aviation operations, airports, aviation authorities, security firms, and product manufacturers; personal accident, travel insurance, specialty health products for employer and affinity groups, and pet insurance products; and liability, cyber, and credit and political risk insurance services. The Reinsurance segment offers agriculture, marine and aviation, catastrophe, accidental and health, credit and surety, motor, professional, travel, life, engineering, property, and liability reinsurance products. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda. | | View Today's Stock Pick |
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