Good MorningThe equity market rebound on Wednesday, with the S&P 500 gaining more than 2.0% at the peak of the session. The move was sparked by good news in the bond markets that may be misplaced. The Bank of England says it will purchase bonds in whatever scale is necessary to stabilize the currency, which is good news for England. The risk for US investors is the FOMC will not be buying bonds anytime soon, and US interest rates are still on the rise.
Another driver of market action on Wednesday was a surprise draw in US crude and gasoline stockpiles ahead of Hurricane Ian. Ian has about 11% of the US production shut down, which will have an appreciable effect on supply and prices going forward. The takeaway is the decline in fuel prices that began in early June may be over. If oil prices begin to rise again, investors and consumers should brace for another systemic increase in inflation. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
|
Markets | | It’s not very typical these days to find a stock like International Seaways (NYSE: INSW), which boasts these eye-popping returns:
1 month: +17.69%
3 month: +62.69%
Year-to-date: +139.17%
The New York-based company is a marine transporter of crude oil and other petroleum products. It&rs... 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 |
|
Healthcare | | What do autumn leaves and recent stock prices have in common? Yep, both are falling.
Corny jokes aside, things seem to be getting worse for U.S. equities. The British pound just hit an all-time low against the dollar and companies are warning about weakening economic conditions.
With September liv... Read the Full Story |
|
Healthcare | | Hospital and healthcare facilities operator HCA Healthcare (NYSE: HCA) stock has fallen (-25%) this year underperforming the payors. Apparently, not all healthcare stocks are a safe haven in a falling market fueled by recession fears. The payors including health insurance companies like Humana (NYS... Read the Full Story |
|
From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
|
Consumer Staples | | Frequently in life, timing is everything. That’s the thought that comes to mind when I look at the earnings report from United Natural Foods (NYSE:UNFI).
The distributor of natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada d... Read the Full Story |
|
Consumer Discretionary | | Mullen Automotive (NASDAQ: MULN) is gearing up for production of its flagship FIVE SUV crossover which could be the next big thing in the EV world. Its cars are not only attractive but fast and it has its fingers in more than one market including sports cars, final mile delivery, and battery techno... Read the Full Story |
|
From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
|
Consumer Discretionary | |
The restaurant industry is facing some headwinds and Cracker Barrel (NASDAQ: CBRL) is not immune to them. Rising costs, slower than expected traffic, and the pinch of higher gas prices on the traveler are impacting sales for restaurant operators from Darden Restaurants Inc (NASDAQ: DRI) to Cracker... Read the Full Story |
|
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 |
|
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 |
|
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 |
|
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 |
|
Thursday's Early Bird Stock Of The Day Zhihu Inc. operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services. It also offers information and marketing services; vocational training; and internet services, as well as holds audio-visual permit. Zhihu Inc. was founded in 2010 and is headquartered in Beijing, the People's Republic of China. | | View Today's Stock Pick |
|
