Good MorningThe S&P 500 fell for another week shedding more than 1.5% at the low of the day on Friday alone making this the 3rd consecutive week of declines. The S&P 500 is down more than 10% from the recent high and heading lower if the recent signals are to be believed. The next target for support for the S&P 500 is near the 3,650 level and it may not be strong enough to keep the market from setting a new low. A move below the 3,650 level would open the door to 3,525 and the potential for a bigger move down to 2,800.
The hurdle for the market this week will be the Fed's Beige Book on Wednesday. The Beige Book is not expected to give any insight into the psyche of the Fed but it will give a broad view of economic conditions. The takeaway is likely to be tight labor markets, tight supply chains, and rising inflation which will all underpin the outlook for FOMC policy tightening. Featured: Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Legacy Research) 
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Snapchat (NYSE: SNAP), continues to face fundamental issues and has resorted to restructuring the company during the quarter by announcing the layoff of its Web3 team. Snapchat reducing its headcount resulted in the stock rallying by over 7% during market hours as investors look forward to the com... Read the Full Story |
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Markets | | | Dubai toll gate operator Salik announced Monday it will make an initial public offering on the city-state's stock market, becoming the latest state-linked company to list.
Salik plans to offer 1.5 billion shares, or 20% of the company's worth, in a listing on the Dubai Financial Mark... Read the Full Story |
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It’s been a tough year for payments platform fintech Block (NYSE: SQ) stock as it trades down (-58%) on the year. The old adage, “it’s better to have had and lost, than to never had it at all” is what optimistic investors must remind themselves every day. The pandemic was a... Read the Full Story |
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From Our PartnersInstead of trying to gamble on stocks that could go up, pick stocks that are already on their way. The trick is finding those stocks that have moved up… but still have room to grow. We think this small cap stock fits the bill, and it's just getting started.
(**By clicking link you are subscribing to The Investing Council Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy. Full disclosures found here.) | | Go HERE to learn the #1 Alternative Energy Stock |
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Soon autumn leaves will do their best impression of this year’s U.S. stock market— a lot of falling.
Barring a miraculous late year run, the major indices will finish in the red for the first time since 2018. That means the ETFs that track them, will drag down many investment account ... Read the Full Story |
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Markets | | | Like many Americans, Karla Maldonado has been cutting back her spending to spare her wallet from rising costs: She is eating out less and attending fewer social events to curb the impact of high gas prices.
But the 26-year-old social worker of Portland, Oregon, hasn’t skimped on her ... Read the Full Story |
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From Our PartnersWhile Americans are worried about inflation, they are about to be blindsided by another crisis. This disaster is a direct result of the war in Ukraine and could have dire consequences for average Americans. According to a #1 ranked economist, this crisis could put millions on the brink of starvation... | | Click here now to see America's next crisis. |
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Hormel (NYSE: HRL) is not the cheapest pick in the consumer staples sector (NYSEARCA: XLP) but it is one of the better values. The stock trades at 25X its earnings compared to 15X at the low end of the range with Kraft-Heinz (NASDAQ: KHC) and upwards of 28X to 30X for names like Clorox (NYSE... Read the Full Story |
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Politics | | | OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices — along with the cost of gasoline, to drivers' delight.
The decision for October r... Read the Full Story |
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Politics | | | States around the country are making it easier for new moms to keep Medicaid in the year after childbirth, a time when depression and other health problems can develop.
But tight government budgets and the program’s low reimbursement may ultimately limit this push or make it hard for ... Read the Full Story |
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Politics | | | Germany's government plans to publish the results on Monday of a highly anticipated study into how the country's energy sector will cope with possible shortages in the coming months.
The outcome of the so-called stress test could determine whether Germany delays the planned shutdown o... Read the Full Story |
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Markets | | | You’ve heard the term inverted yield curve (IYC) mentioned on many occasions in the media, even on the evening news. It has a negative stigma attached to it, but like many people, you may not know what it actually means or how it can affect you. A yield curve is created on a graph by plotting ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical. In addition, the company offers installation services through independent contractors in various product categories; and extended protection plans and repair services. It sells its national brand-name merchandise and private brand products to professional customers, homeowners, renters, businesses, and government. The company also sells its products through Lowes.com website; and through mobile applications. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina. | | View Today's Stock Pick |
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