Good MorningThe sell-off in equities deepened on Thursday, helping to confirm a top in the index, but all is not lost. The S&P 500 is still showing support at the short-term 30-day moving average, where it may be able to stage a comeback. The catalyst that could do it is earnings and economic data due next week. The Q4 earnings reporting season hits high gear next week and brings reports from Microsoft, Verizon and Johnson & Johnson, all bellwethers for their respective industries.
The economic calendar is also full next week, but the only report that matters comes out on Friday, and that is the PCE price index. The index should confirm a peak in inflation, and it may fall more than expected. The risk for the market is that inflation may subside but not brighten the outlook for 2023 and cap any gains that may form. The takeaway is the consensus figures for forward S&P 500 figures are more important than ever. Featured: Elon Musk Called a Total Fraud in 2018 - Here's What Changed (Ad) 
|
Energy | |
Exxon Mobil Corporation (NYSE: XOM) is within striking range of clearing a cup-shaped base that the stock began forming in mid-November.
This, along with its oil-and-gas industry peers, was part of last year’s rally that made energy the only winning sector last year.
Exxon Mobil’s ... Read the Full Story |
|
From Our Partners | | Jeff Brown, founder and CEO of Brownstone Research, says he has uncovered what he calls one of the biggest discoveries of his career tied to the ongoing AI boom.
Brown is pointing to a key date, October 20, and is highlighting five AI-related opportunities outside the traditional stock market that most investors have never heard of. | | Click here to see the full research before October 20 |
|
Markets | |
Mid-session Thursday, Australian miner BHP Group Limited (NYSE: BHP) traded higher, bucking the broad-marked downdraft. A combination of factors, including China’s reopening, an expected increase in merger-and-acquisition activity, and the company’s strong iron-ore production, are behi... Read the Full Story |
|
Technology | |
Is Intel a buy for dividend investors?
Only if you're looking for a high-yield, blue-chip tech stock that offers a lower beta than the S&P 500. It may not be a flashy growth-oriented company anymore, but it doesn't need to be.
Its business is well-established and going nowhere by the look ... Read the Full Story |
|
From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
|
Consumer Discretionary | |
Short-term rental marketplace Airbnb Inc. (NASDAQ: ABNB) has attributes of both a growth and value stock, at least for the moment. Does that mean it’s one to keep an eye on or even determine whether it’s worth a buy?
Shares have advanced 7.06% in the past week and 12.88% in the past ... Read the Full Story |
|
Consumer Discretionary | |
Tesla Inc. (NASDAQ: TSLA) is cutting prices in its European and North American markets. The most recent figures suggest the carmaker could slash retail prices by as much as 20% in the year(s) to come, which could help the EV company in many ways. This price shift comes as Tesla closed its fiscal y... Read the Full Story |
|
From Our Partners | | MindWalk Holdings (NASDAQ: HYFT) is applying AI to drug discovery, and its customer base already includes 19 of the top 20 global pharmaceutical companies.
The company's HYFT technology maps roughly 660 million biological patterns and 25 billion relationships. Q1 fiscal 2027 revenue hit $3.8 million, with gross margin improving to 59 percent in its fifth consecutive quarter of year-over-year growth.
A new OpenFold3 deployment delivered about 5x faster antibody-antigen inference, and a $30 million revolving credit line, free of warrants or equity conversion, adds fuel for expansion. | | Take a closer look at HYFT before AI reshapes drug discovery. |
|
Technology | |
The coronavirus pandemic has caused a global economic recession, and tech companies have been hit especially hard. As the economy continues to suffer, tech companies must make tough decisions to survive. This includes layoffs, which are becoming increasingly common in the tech industry.
COVID-19 ... Read the Full Story |
|
Industrials | |
Fastenal (NASDAQ: FAST) just reported its Q4 earnings and has given the market more than 1 reason to become a buyer of this stock. Not only did the results outperform the market’s expectations, but it announced another dividend increase. A dividend increase on its own is good, but this one l... Read the Full Story |
|
Consumer Staples | |
To gamers, the abbreviation ‘D&D’ calls to mind winning strategies for the fantasy role-playing game ‘Dungeons & Dragons.’ Keep your distance. Never split up the party. Draw a map of the dungeon.
In the stock market, D&D could be a valuable strategy for 2023 &m... Read the Full Story |
|
Healthcare | |
Moderna Inc. (NASDAQ: MRNA) is in another arms race with Pfizer Inc. (NYSE: PFE) this time to produce RSV (Respiratory Syncytial Virus) vaccines, which will be the first of its kind.
RSV is a contagious virus that can cause serious respiratory illness in infants and older adults. RSV is one of th... Read the Full Story |
|
Energy | |
The energy sector has recently experienced some volatility but Kinder Morgan (NYSE: KMI) is still a buy. While energy producers, including natural gas producers, have seen the price for their products correct sharply from the post-pandemic highs demand for natural gas remains high.
This situatio... Read the Full Story |
|
Friday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
|
