Good MorningEquity markets started the week on shaky footing following a surprise attack by Hamas against Israel. The S&P 500 shed less than a full percent on the news and rebounded by the end of the session. The move suggests additional upside for the market this week, but there is risk. The CPI index is due out on Thursday and may show a surprise acceleration of inflation. Oil prices have corrected from their recent highs but remain well above 2023 average levels and will underpin inflation.
Oil was the big mover on Monday, gaining more than 4%. The advance shows support at the critical $85 price point and suggests that a rebound is underway. The move in oil is aided by violence in the Middle East. With tensions at historic highs, this conflict will certainly worsen before it improves and weigh heavily on the energy market.
The market also faces risk in the form of earnings. Friday starts peak earnings season and will bring reports from a half dozen US largest banks. Featured: Boring, cheap, and paying 6% (Ad) 
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Industrials | |
The gig economy became mainstream through Uber Technologies Inc. (NYSE: UBER) and exploded during the COVID-19 pandemic. The lockdowns accelerated the evolution of remote work, the elastic office, and Zoom Video Communications Inc. (NASDAQ: ZM) calls. The combination created a perfect storm for th... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Consumer Discretionary | |
As part of this week's 'Ultimate Sale,' NIKE Inc. (NYSE: NKE) shoppers can save up to 60% on over 3,000 items. That's even better than the current 45% off sale on Nike shares.
On September 28, the athletic footwear and apparel leader reported 2024 fiscal first-quarter profits that were its best ... Read the Full Story |
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Consumer Discretionary | |
Auto Worker Strike Dents Ford…Buying Opportunity
Just as U.S. auto manufacturers appeared well on the road to recovery, worker unrest is pumping the brakes. As Ford’s negotiations with the United Auto Workers (UAW) enter a third month, headlines around a possible prolonged stalemate ... Read the Full Story |
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Healthcare | |
Over the last month, the overall market has experienced significant selling amid increased uncertainty. The S&P 500 ETF Trust (NYSE: SPY) has traded almost 5.5% lower in that period, and wherever you look, it might seem that nothing has managed to buck the trend.
However, that’s not th... Read the Full Story |
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Consumer Discretionary | |
Shares of Rivian (NASDAQ: RIVN) are down more than 20% following the announcement of a debt-offering and 30% from the 2023 high, providing the most attractive entry into this stock since early summer. There are reasons for the market to be down, but the move is overblown, amplified by short-sellin... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Consumer Discretionary | |
Shares of PDD Holdings (NASDAQ: PDD), a multinational commerce group, broke out to the upside on Friday, along with a surge in trading volume.
The stock, which has been on an impressive three-month run since reporting earnings, up over 55%, now boasts a $139 billion market capitalization and an ... Read the Full Story |
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Consumer Staples | |
It's time to look at some sweet treats with Halloween just approaching. Whether the economy is expanding or in recession, a sweet tooth will always crave sweets. The market sell-off has caused these consumer staples stocks to fall into value territory. That's bad for recent investors but great for... Read the Full Story |
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Consumer Discretionary | |
The Ryan Cohen era at GameStop Corp. (NYSE: GME) is off to a rough start. Since the Chewy.com founder added CEO to his business card late last month, shares of the video game retailer have slipped another 10%. They reached a new 52-week low last week — and are now in the red for the year (af... Read the Full Story |
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Communication Services | |
Telecom giant Verizon Communications Inc. (NYSE: VZ) shares are trading near its 52-week lows, sporting an 8.62% annual dividend yield. The company has made a conscious effort to raise its dividend annually, which it's done for the 17th consecutive year, raising its quarterly dividend to 66.5 cent... Read the Full Story |
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Healthcare | |
Although healthcare stocks lag other sectors, large-cap leaders such as Eli Lilly & Co. (NYSE: LLY), McKesson Corp. (NYSE: MCK) and Novartis AG (NYSE: NVS) are in possible buy ranges as they get moving-average support.
Moving average support is a crucial technical indicator in stock analysi... Read the Full Story |
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Tuesday'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 |
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